SP3 12.5% 2.1¢ spectur limited

Ann: Quarterly Activities Report - 31 Dec 2023, page-7

  1. 13,608 Posts.
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    R & D refunds.

    R& D refunds are just that. Refunds. They are NOT grants!

    They come due once per year and are based on returning I believe 43% of R & D expenditure.

    Its incorrect and misleading to take R & D spend into expenditure and then NOT count it in income - or write it off as some magic grant.

    ...



 
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