Nevada,
<<<I did not find the problem Pluvia found with the current liabilities, but I did not examine June 30, 1998. Year to year at 9/30 amounts appear consistent. The average collection period is approximately 68 days- maybe some of you know whether this is close for the industry.>>>
Glad to have you on the thread.
I was not looking at the current liabilities on the Consolidated Balance sheet, rather the line item "Trade accounts payable and accrued liabilities" in the Consolidated Statement Of Cash Flows, and comparing Q2 to Q3 '98 which shows a SIGNIFICANT increase... The issue of aging is not my concern, rather the fact that there never seems to have been this large a dollar amount in this catergory in the past...
Here is the 98 Q2 ending June 30 1998, please see page 6 line item "Trade accounts payable and accrued liabilities" in the Consolidated Statement Of Cash Flows.
edgar-online.com
Here is the 98 Q3 ending Sept 30, please see page 6 line item "Trade accounts payable and accrued liabilities" in the Consolidated Statement Of Cash Flows.
freeedgar.com
You will notice Q2 shows $683.00, while Q3 shows $2,495,913.00, for an increase of $2,495,230.00.
I find it very curious this spike in current payables, (liabilities), seems not to be clearly reflected in the Consolidated balance Sheet (page 4) under Current Liabilities?
Maybe you could help me understand this? I'm scratching my head over it right now... Where do you think they burried these expenses on the Consolidated Balance Sheet - or am I missing something?
All comments IMO
Thanks Steve |
