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The $65.76m in the directors report is cost of sales excluding...

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    The $65.76m in the directors report is cost of sales excluding Depreciation and Amortisation of $8.15m as well as royalties of $4.87m (which is included in the line below cost of sales of goods in the directors report).

    > $78.781m - ($8.152m + $4.869) = $65.760m as per directors report.

    The above is done to calculate EBITDA.
 
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