Ann: Appendix 4C - quarterly, page-22

Sure from a pure accounting concept. If you sell based on consignment stock basis. However, this doesn't disguise the pathetic result. I can't believe you would want to defend these guys. It essentially means these guys are either not selling from shelves (consignment stock) or have given outrageously long credit terms (in the pharma industry). Even if sales are alot more on credit terms it would have been prudent management also mentions this as part of another announcement for clarity. But sure they failed at that too!!! The silence is deafening and clearly they are scientists and don't know how to run a business which is very different.