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Consider the Blackmores Group 2017 Annual Report. Based on the note to financial statements about “Financing”,...

Consider the Blackmores Group 2017 Annual Report. Based on the note to financial statements about “Financing”, what type of source (non-current) is Blackmores primarily using to finance its long-term operations? Is Blackmores improving its financial position between 2018 and 2019?

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Answer #1

1. Interest bearing liabilitites is the major source from non-current lia. source to finance its long term operations. Details are as follow -

This is, in simpler terms, effectively a mortgage loan taken from the bank by pledging some of the assets of a parent company.

2. Financial position during 2018-19?

Financial position of the company has definitely improved during the given time frame.

Total assets zoomed to 490k from 464k, Total liability was up by 12k so total improvement in net asset was 14k.

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