Not sure if anyone can confirm this, but I believe there was a somewhat recent change to the R&D tax incentive program which could well start to impact us soon. Obviously not going to be a huge impact on earnings if we do see strong growth, but worth knowing I'm sure.
My understanding is that once revenue is over $20m in the year, the rebate rate drops from 43.5% to 8% of R&D expenditure. Also, the rebate is only payable if the company is actually paying tax which presumably we won't be with our tax assets. So that $200k odd payment we are going to get this year may be $0 in FY20. Little Less cash in the tin for them to use for divi or expansion.
Anyone aware of anything different?
Not sure if anyone can confirm this, but I believe there was a...
Add ANO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.96M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.0¢ | 72.0¢ | $2.563K | 3.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 57058 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 222 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| ANO (ASX) Chart |