RD, I assume that there is a connection between the reduction in accounts recievables and the increase in deposits. Maybee, income from consulting fees (AR) is used to finance the increased holdings in PF2. No cash involved in this transaction, just reduction in AR and increase in deposits. This is just my quessing, haven't checked it with Peter. SIAF has said that they see low risk in their AR. If the customer don't pay in time, they can use the AR as payment for increased holdings in the JV.
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