zmt
#4414
I have a number of questions around the financial position of the business and loan purpose:
1. There were $80000 of legal expenses in 2014, which looks abnormally high. What was this in regard to and are further such expenses expected?
2. Trade Debtors jumped from $1800 in 2013 to $539000 in 2014. What has led to such an increase and is any rectification expected?
3. Current Assets are less than Current Liabilities of the business, and there are accumulated losses. Does the business have sufficient positive cash flow on an operating basis to make interest and capital repayments on the loan?
4. The purpose of the loan is for working capital. How will the additional working capital be utilised? How is this expected to benefit the position of the business?
Thanks.
9 years, 4 months ago
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