(CTR) is clearly a strong stock but I can't work out for love nor money how the cash position went from £980m to £138m from 2016 to 2017 ? They do mention these big figures in the balance sheet in their own investor centre on their own website but I couldn't work out why such a reduction ? I assume this is a bulk held premium figure similar to the way banks have customer deposits sometimes on the balance sheet but even so would someone to explain to me what I have missed. Like wise net debt went from -£926m to -£83 from 2016 to 2017. I spent half an hour drilling down into the accounts and couldn't work it out so advices appreciated thanks.
I'm not sure that it is Charles Taylor (LON:CTR) accounts that are confusing, it is rather the basis on which Stockopedia has recorded its 2016 and prior figures. The Charles Taylor (LON:CTR) interims show cash of £138.7m, as per the StockReport on here. However, the equivalent figure as at year-end 2016 is given as £141.4m. The StockReport figure of £980.4m does not feature anywhere in the accounts.
