The cash reserve in Birr held by Ethiopost in the fiscal year 2023/24, registering a staggering increase of 259pc from the previous year. However, such an increase was disproportionate to the Enterprise’s operating cash flow (200 million Br) and net income (139 million Br). The supporting cash flow statement does not clearly reconcile how such an enormous increase materialised, particularly as financing activities netted a negative flow of 58.6 million Br.
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