date:Mar 18, 2014
approximately $6.4m on the prior corresponding period. A second shipment of infant formula to China took place in November 2013 following our first shipment in June.
Cash on hand at 31 December 2013 was $13,156,000. The movement over the period primarily reflected operating cash inflows from Australia of $6.2m which contributed to funding the working capital build for infant formula ($4.4m), launch costs for infant formula ($2.7m) and cash investment in the UK joint venture ($4.5m).
US market