Confusing.
This "grant" (actually an R&D tax incentive in the form of a refund) is supposedly for FY ending June 2017, the results for which were recently released in their Appendix 4E.
There, the income statement included AU$ 860k for R&D grants. Is this grant included in that figure or is this an additional grant that will take their R&D income to around AU$1.4m!
I have reviewed the many announcements since inception and the only R&D income I can see was the refund from the R&D expenditure in FY 2016 (of $695) which yielded $385 which reflected in FY 2107. I cannot see where the remaining $460k of the declared R&D income originated in the last financial year.
If it is included in the declared R&D income for FY ending June 2017 then why, exactly, would they release this announcement now? The timing is confusing, which is something common to TKF announcements.
TKF Price at posting:
3.8¢ Sentiment: None Disclosure: Held
