Ann: Annual Report to shareholders - 30 June 2017, page-3

I can see your reasoning.
However, these are not R&D funds - a real input - (despite what the late releases suggest) but, in fact, a tax incentive based on the "declared" R&D costs reportedly already spent (costs already funded by our inputs!).
IMO. management communications leave an awful lot to be desired (from these results, they seem to be already "pretty comfortable") and I am always suspicious of results that consistently seem to be released after trading hours leading up to a weekend.
I have yet to see any solid indication that the current management know what they are doing and where they need to be! Their communications, frankly, leave a lot to be desired.
Without their lead cheerleader here (where is he, by the way?), I cannot imagine that we would have been as patient.
From these results (again released well after the market closed on a Friday!), and the usual, blah, blah, I do not feel terribly well inspired.
We really need to see the results of these deals, and quickly!