Practice question 14, Little Plc (at the end of the lectures, page 170)

Hello, good luck to those who are studying ACCA

I have a question in regards of the question 14 Little Plc, part (b).
The net cash payment for 6 months is $447 – $154 = $293, that is clear.
According to this calculation the net cash receipt for 3 months should be $197 – $116 = $81.
Why do we take the net payment for 3 months as $197? Why payment, not receipt? Why $116 are not hedged?

With best regards!