Yeh well there was one key line item missing from the port balance sheet.Going by 2021 Financials they have commercial debt of just over $5m and we have commercial debt of $4.5m.
In saying that, they also have another $1.6m which is to be repaid to the AFL at some point and they have a government grant liability in their balance sheet of $1.5m (for it to be classified as a liability I assume the government wants its money back).
Remember that as at the end of 2019 we had repaid all our commercial debt and didn’t require to borrow from the AFL during the pandemic (we went to a commercial bank).
As a former banker, understood reading of balance sheets/profit and loss a/cs.
TARPS BUY-BACK $5M