KPMG increases working capital borrowings by almost $300m
Maxim ShanahanProfessional services reporter
KPMG increased its borrowings by $296 million over the past two financial years, while booking revenue growth of more than $500 million over the same period.
In response to questions on notice from the Senate inquiry into consulting, KPMG said the borrowings were a normal injection of working capital, and the firm’s loans “remain well within our existing financial liabilities”.
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