Good morning @Middleton...are you referring to P.35.
(c) REVENUE
SALE OF GOODS AND MANUFACTURING
Revenue from the sale of goods (e.g. systems and spare parts, metal powders, OEM manufacturing) is recognised at the point in time when control of the goods is transferred to the customer.
Specifically, in the case of the sale of TKF Manufacturing Systems, this will be when the Company has fulfilled it obligations under the contract, which will mainly be the delivery and commissioning of the TKF Manufacturing Systems. Subject to the terms of the sale agreement, there will be a provision for warranties deducted
Therefore don’t expect to see any proceeds from TKF Machine sales to Composite Technology in 2020 3rd Quarter Report.
What Revenue we do see will be good indication as to productivity of Melbourne Bureau..!!
TTT Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
