Ann: Appendix 4E and Audited 2017 Financial Report, page-36

The language you use implies these payments are regular and annual cash payments. They are not. As clearly explained by other posters, most of your $11m is one-off, non-cash and made for meeting milestones.

You are either financially illiterate and should not be discussing matters of which you are ignorant, or you are deliberately being disingenuous and downramping.

Don't bother to tell us which, I'm about to add you to the ignore list.