Overview of Papyrus Australia's quarterly cash flow report

Papyrus Australia Ltd (ASX: $PPY) has released its Appendix 4C Quarterly cash flow report for the month ended May 2024. The report provides insights into the company's activities for the past quarter, how they have been financed, and the impact on its cash position. It also includes a compliance statement confirming that the report has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

Executive commentary on the quarterly cash flow report

The information provided in the Appendix 4C does not encompass financial details of Papyrus Egypt, as Papyrus Australia does not currently exercise control over Papyrus Egypt, despite holding a direct equity interest of 50% and an indirect equity interest of 19.61% through its 39.22% equity interest in the joint venture partner EBFC (Egyptian Banana Fibre Company). The activities of Papyrus Egypt are presently accounted for in the half-year report and annual report using the equity accounting method.

Summary of Papyrus Australia's quarterly cash flow report

Papyrus Australia's Appendix 4C Quarterly cash flow report for the month ended May 2024 offers a comprehensive overview of the company's financial activities and cash position for the past quarter. The report also includes a compliance statement, affirming that it has been prepared in accordance with accounting standards and policies compliant with Listing Rule 19.11A. Additionally, it clarifies that the financial information of Papyrus Egypt is not incorporated in this report, as the company does not currently have control over Papyrus Egypt. Looking ahead, Papyrus Australia aims to continue its operations and meet its business objectives based on the information presented in the report.