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Pinned straw:

Last edited one year ago

In the middle of a deep dive on VVA's full year financials and I came across this, which I think might be a typo/drafting error. @UlladullaDave thoughts?

First below is from HY results, Second is from FY results.

I think the property lease repayments in the FY results (Note 19) have accidentally excluded the interest component.

The $28.37 mil figure is equal to the principal payments detailed 1 page earlier, also it makes no sense that lease principal payments haven't at least doubled from HY to FY given expansions that have happened this FY. I think this figure is meant to be $43.5mil, as per their Investor Pres adjustments which I'll post on later.

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UlladullaDave
Added one year ago

Yep it looks as though they left off the interest when they reconciled it in that note which is why they added "including interest payments" at the FY.

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