Ann: Update on 2017 Financial Results, page-12

West, what does government grant have to do with this? Surely you're not going to include an grant as revenue? It is "other income" at best and should be treated as such.

Where in your post have you corrected my 29%? I don't see it. Show me your working out and tell me what % of receivables have been written off by bad debt.

Bad debt is accumulated progressively but again they have been reported each year as you said 42K for last year so fact is this year bad debt is significantly higher which is again bad credit/account control.

I don't get any of your points you've made and don't see where you have corrected my 29% please show me.