About to jump on a plane, so don't have time to double check, but from memory some of the approx. 4 mill losses comes from expensing the directors options, which by my understanding means they are entered as a cost to the balance sheet of the company, but are not an actual expense that comes from the bank balance. Ie doesn't affect cash flow.
Someone with a little more time may be able to clarify this.
Cheers
Ann: 2015 Annual Report, page-36
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