jolly good point!21 Feb 2014 11:26
Hey -sorry I seem to keep using your name in my posts to you - it's the child in me!!
Yes, absolutely, a very good point that debtors are balance sheet and indeed there is no point working and not getting paid.
However, bad debt write off is P&L and they have provided where they see fit it would seem.
Also, I think it has been muted that they are getting on top of debtors. What is good is that they know it's the problem and have said as such, rather than burying their heads in the sand or pretending it is a non issue.
Bodes well I feel. Atb.