I am a little confused and I am not an accountant but can someone tell me if the $2M was absorbed in the June quarter like they stated in the Earnings Guidance, or are we going to see a nice fat $2M increase to the next quarterly cash position ???
This is also a nice ADD…… I don’t remember seeing this before
‘Hettich will also provide working capital to the joint venture of approximately A$1.5 million.’
Earnings Guidance 2/7/2013
‘The expected after tax profit for the year ending 30 June 2013 includes the $2 million signing fee together with a capital gain
that arises from LBT’s acquired interest in the new joint venture.’
Quarterly June 2013
‘Hettich made an upfront payment of A$2.0 million to LBT in early July and will provide funding of A$4.0 million (in tranches
subject to achievement of milestones) through the Joint Venture to LBT to develop APAS products for commercial launch.
Hettich will also provide working capital to the joint venture of approximately A$1.5 million.’
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Ann: Appendix 4C - quarterly , page-4
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