There's no need for a capital raisingThere are two methods for...

There's no need for a capital raising

There are two methods for reporting income and expenses; cash or accruals. Basically, cash means that you record the income or expense when you get cash/pay cash. Conversely, with accruals you report the income/expense when you become liable to get paid/pay someone

The cash flow statement contained in the qtrly is on a cash basis rather than an accruals basis (accruals is the basis for the profit and loss report contained in the annual report). It's the norm for EPC contractors to be paid in arrears, so it's most likely a timing mis-match - that is, the company has done work but has not yet received the cash for the work. Thus the "receipts from customers" line is not really representative of the work done by the company.

Also, the Current Assets of the company will more than cover the working capital outflows - As at 30 June the company held over 28 million in accounts receivables, including 17m from customers, 3m in GST receivables from the ATO and nearly 5m in dividends. The receipt of these receivables will more than cover the working capital expenses

Cheers