The pre pump up prior to results, page-24

  1. 23 Posts.
    I have managed to find the information I was looking for on page 15 of the Acrux 2015 Annual Report which indeed says that, "Royalty payments due to Monash Investment Trust cease in February 2017".
    On the other hand I also read the following on page 14 under Expenses:
    "Royalty payments due to Monash Investment Trust decreased to $0.9 million (2014: $1.8 million)".
    Product revenue (including milestone payments) for 2014 and 2015 were $53.4 and $24.6 million respectively.
    Hence royalty payments to Monash Investment Trust appear to be 3.5% of product revenue.
    So where does the figure of 30% come from?
    Last edited by Startel: 26/07/16
 
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