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Pinned straw:

Last edited 3 months 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 3 months 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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