Ann: SMS Innovative Mining update - settlement reached, page-9

Nice to see it resolved.
Looking forward to Q4 update on number of rigs used, number of shifts, and of course revenue and EBITDA. Q3 was upbeat for full rig utilisation "sometime in calendar year 2021"

I'm not an accountant, but trying to get head around the accounting of the SMS resolution, so a couple of questions if anyone can help please:

The half year report from December (1H2021): Profit & Loss statement had a -$7.3m entry for the impaired receivables, and a $1.25m tax benefit for same. The Assets (current and non-current) had-$7.3m reduction in Receivables, and increase in deferred tax asset of $0.94m

Seeing as these $5m payments will be received in FY2022, presumably the payments won't be in the FY2021 annual report.

Will this be what appears in FY2021 annual report?

• Profit & Loss: -$9.6m entry from that impairment (being the -$7.3m from 1H, plus the additional -$2.3m announced in the Q3 update)?
• Profit & Loss: approx $2m tax benefit from that -$9.6m impairment (obviously the tax item won't appear as that number because it will be rolled up with rest of revenue for the year)

FUTURE reports (1H2022)

When company receives $5m in cash between now and end of December, how will that be treated in P&L?
$5m revenue AND a debit (write-off) of -$4.6m?

(receivables and tax liabilities/assets will be will be reconciled too)
Thanks