Boom!!!
The refund of ~AUD1.673 million is in line with accruals disclosed in the 2018 Annual Report and repays in full the current R&D loan provided by New York-based financier ‘Brevet’.
A surplus of ~AUD282,000 will be allocated to working capital in support of the Company’s priority initiatives including the India Project.
Ann: 2018 R&D Tax Incentive Refund Received, page-3
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