Thanks for clarifying this. It also appears the use of the R&D...

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Gerardibus

947 Posts.

205

28/02/17

06:38

Post #: 22954973

Originally posted by OMEGA MAN ↑

The underlying NPAT for the HY/2017 is $190,499
This is before accounting for r&d credit & other 1 offs
See below for details :-

Column 1 Column 2 Column 3

1 DIRECTORS' REPORT (continued) Current
H1 FY17

2 Prior Year
H1 FY16

3 Underlying Net Profit / (Loss) for the period

4 $190,499

5 ($951,997)

6 Adjustments:
One off non-cash expense for the reverse acquisition of Cirrus Networks Holdings

7 -

8 ($5,610,548)

9 R&D Tax Offset

10 $1,188,686

11 -

12 Amortisation of Intangible

13 ($4,511)

14 -

15 Share based options expensed

16 ($95,774)

17 ($221,816)

18 Investment in Canberra Expansion

19 ($513,311)

20 -

21 FX Impact

22 ($41,196)

23 $1,357

24 Net Profit / (Loss) for the consolidated entity for the period

25 $724,393

26 ($6,783,004)

Expand

Thanks for clarifying this.

It also appears the use of the R&D Tax offset to essentially set up the Canberra operation, will more than likely reap benefits in terms of profit, down the track.

HY report all in the right direction.
Just need the market to appreciate this.

All in good time for the long term investor and such a perfect time for entry at this share price for new investors.

CNW Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held

4 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3
1	DIRECTORS' REPORT (continued) Current H1 FY17
2	Prior Year H1 FY16
3	Underlying Net Profit / (Loss) for the period
4	$190,499
5	($951,997)
6	Adjustments: One off non-cash expense for the reverse acquisition of Cirrus Networks Holdings
7	-
8	($5,610,548)
9	R&D Tax Offset
10	$1,188,686
11	-
12	Amortisation of Intangible
13	($4,511)
14	-
15	Share based options expensed
16	($95,774)
17	($221,816)
18	Investment in Canberra Expansion
19	($513,311)
20	-
21	FX Impact
22	($41,196)
23	$1,357
24	Net Profit / (Loss) for the consolidated entity for the period
25	$724,393
26	($6,783,004)

Thanks for clarifying this. It also appears the use of the R&D...

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