PPRuNe Forums - View Single Post - Merged: Virgin Blue Share Price - how low can it go and for how long?
Old 2nd Mar 2009, 21:24
  #467 (permalink)  
43Inches
 
Join Date: Oct 2007
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ANstar - net cash flow was negative $79.6m, this was propped up by $266m in loans and $18m in tax refund, hence why equity has dropped off. Operating cash flow was positive but the balance sheet is very complex at the moment due to the losses and tax fiddling going on. The core company would not have made $60m net because they would have had to pay tax on it, but because of the losses tax was refunded.

abc1 - Rio is in trouble if it can not reduce its debt levels, this is why they are contemplating massive asset sales to the chinese (or anyone else) at the moment.
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