HYO 0.00% 26.0¢ hyro limited

Those two payments you mention are good points. I would like...

  1. 3,610 Posts.
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    Those two payments you mention are good points. I would like more disclosure around the financing cashflows. My thoughts are that a lot of things have been netted off against each in item 1.20.

    I think they have to disclose the disposal of a business as a separate item under both 1.10 and 5.10, I would also be surprised if they had started paying down the Tax Debt at this early stage in the companies recovery, I would assume it would be teared to a growing EBIT and gowing off the Half Yearly I'd has it a guess that they are still EBIT negative.

    I have found this from a statement released to the ASX by CZP:

    Confirmation Synergy Plus Deal Closed and Acquisition Payments Satisfied The Company confirms that the Synergy Plus acquisition is complete and that the first two payments as outlined in the Company’s ASX release dated 29 June 2009 of $1.3 million due on completion and a further $1.5 million due on 31 July 2009, have been satisfied.

    So the question still remains, where is the money?? Why was it not represented on the cashflow statement as a payment for a disposal of a business asset??















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