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Bengal (6/11)
Under cash flow from financing activities, why only use the figure of 8% loan note and not 5%+8% loan notes figures?
Because the figure related to the loan notes is the proceeds from the issue of the 8% loan notes. The 5% loan notes were already in issue as at the end of last year.
The only cash flow relevant to the 5% loan notes is the loan interest (I calculate that as being $100) which is included within the $650 finance costs
OK?
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