This is just a small Red Flag but it is a tad confusing none the less. I refer you to note 21 of the 2011 Annual Report from Quindell (QPP):
Included above within gross trade receivables due from third parties is £28,014,000 (2010: £nil) relating to debts subject to discounting. Included in other receivables is £250,000 representing the rights to the beneficial interest in 52,000 A ordinary shares in Sandbourne Systems Limited. This expenditure has been shown in the cash flow statement as a cash outflow in respect of investments.
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