Replies to post #50414 on Sino Agro Food Inc (fka SIAF)

[viking86]

HY: thanks for the iniative. I think some of the q's have been addressed here although I am not sure if I get it all correctly.

As it was AR related to consulting income that fell, and “temporary deposits and pre-payments in future assets in future Sino Foreign JV” that increased with about the same amount there is obviously a connection.

yes, AR fell by 23M vs prior quarter while rev has increased by over 16M, (resulting in new AR). So that means lots of cash (more than 23M) was collected from AR in Q3 that went toward the deposits for more acquisition of JVs. The consultancy income fell in Q3 but was considerable in Q2 which explains the higher AR and margins in Q2.

it seems to me that some investments are being done in companies that SIAF already consolidate (Fish farm 1)?

the 23% deposit was for FF2, not FF1 as pointed out by RD.

[kavdiv98]

HY

Hope there is no connection between those two and that is just a coincidence.

AR arises from a revenue generation activity. A prepaid asset is either an investment (building etc) or will be expensed on a pro-rata basis (prepaid insurance for the year etc).

I think AR fell as the consulting rev dried up for the Q.

kavdiv