To liquidate outstanding debt owed SIAF of $62,338,065 that they mentioned on previous report, first TRW will have to settle the $53,460,749 of CA receivables. Which will leave TRW with $8,877,316 or 9M in hand after the settlement.
$62,338,065 - $53,460,749 = $8,877,316 or 9M.
Secondly, the remaining 9M will be used to pay off the Amount due from a consolidated equity investee - TRW which is $59,312,033. That will leave TRW with approximately $50M owed to SIAF.
$59M - 9M = $50M
Lastly, once the 18.3% TRW ownership is returned which has a value of $62M. The TRW owed to SIAF should go up by the same amount.
Now, the total debt will be 112M as you mentioned.
$50M + $62M = $112M
I think it is a lot easier for me to understand this way.
But after the 18.3% distribution, the $112M debt should go down by $62M am II right?