RE:RE:RE:RE:RE:Don't Just Sell This POSThanks for your insight Capharnaum. Much appreciated. How are you on financials? Perhaps you could help me understand some items on their cahflow statement as I have not seen this before perhaps as they report in US. Note 20 on their finanacials Q3 breaksdown the supposedly "Non cash items" in working capital. The largest item is $57.7 mln Q3 and $112 mln YTD 2022. YTD last year was $399.5 mln so not a minor item. It is referred to as Regulatory assets and liabilities. Are these regualtory liabilities that will be deducted from the rate base in future periods? Thus you overstate earnings now as they reduce future rate increases? Therefore you remove them from the cash flow statement to arrive at Operating Cash Flow. But are they real cash items and not non cash items like dep? Or is this a nothing burger?
cheers
splurge