TAS have a habit of including the cash on hand held by EDE as an asset of TAS. It is cash not available to TAS. They justify this as "Amalgamating assets that they have control over. I have complained to ASIC regarding this and was told it is "legal".
If you go back through my old posts on TAS you will see my reasoning for having the ratios that I work on for establishing my relative values.
TAS/EDE relative values, page-854
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