Proteome Sciences. AGM Statement.

You pillock. It is the difference between increase/decrease in creditors and the actual cash paid out to creditors......

Creditors and accruals can go down to a seasonal low mid period with cash outflows to pay creditors exceeding the growth in creditors. Then accruals/creditors grow and cash payments are lower and you get a reversal in the profits/cash-flow reconciliation...

The creditors movement in the cashflow reconciliation is hardly likely to be negative constantly.....

Duhh....

Every time you post you show the gaps in your knowledge/logic or the slant in your opinion which clouds your analysis.

;-)