This is one of the more interesting cash flow statements I've seen in my time:
Do the 2010 numbers add up to you?
Incidentally, at a conference in 2011, short-seller Sahm Adrangi told me one of his big red flags when looking for frauds is a big name auditor from a small name town. Deloitte's Hobart office let this one slip through. I quite like the Tasmanian capital myself, but why would a Singapore-based garment manufacturer get its accounts audited in Hobart?
We have spent about five minutes looking at this company and know nothing about it. We won't be wasting any more.
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