In the formulas that gather or calculate data from a sheet other than the sheet that the formula is written on the reference to the sheet is lost on save. Eg. - =SUM('sheet 2.C3:C6) after saving and opening again will appear as =SUM(#REF!!C3:C6)
I have saved sheets in XLS, Xlsx, open office ods.
,!! I just saved sheets in xls and the formulas remained intact ???
The border formatting is still lost in certain parts of the sheets.