Hi All,
The trade receivables as a percentage of revenue have gone up from 8.2% to 23.4%. What can be the reason for this?
The accountants have made a mistake while calculating the cash flow from operations- adjustments for trade and other receivables (See page 33 of the Annual Report’15). These must be subtracted and not added as the receivables have increased compared to the previous year. Can we overlook this mistake as a one off error?
Disc: Not invested
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