Multiple Conditional Format formula1 inconsistencies

Hello all,
Please can someone assist or shed some light on this issue?

If a cell has multiple CF's and the appliesto ranges overlap, the .formatconditions.formula1 returns the same formula for all CF's.  It's best explained if you do the following:

In a new workbook Sheet1 do the following:
A1 - Name as expenses_type
A1 enter "labour"  -- no " obviously
 cells E3 = "Type 1",- drag to J3 which should = "Type 6"
Cells E4:J4 = "money"  -- no " obviously

Select E6:J6 and add conditional format
=expenses_type="money"

then select E6 on it's own and add another Conditional Format
=e6="money"

No need to apply Format conditions and leave Stop if True unchecked.

Select E6

In VB editor:
Insert a standard module

Sub testcf()
Dim iCFCount As Integer, iCnt As Integer
Dim sCForms() As String
iCFCount = ActiveCell.FormatConditions.Count

ReDim sCForms(1 To iCFCount)

For iCnt = 1 To UBound(sCForms)
Debug.Print "CF Item " & iCnt & " is " & ActiveCell.FormatConditions.Item(iCnt).Formula1
Next iCnt

End Sub

Select allOpen in new window

In the immediate window you will see:

CF Item 1 is =expenses_type="money"
CF Item 2 is =expenses_type="money"

whereas in reality, CF Item 2 SHOULD = =e6="money"

Please help!  

Kind regards,
Robert