I am not anaccountant which could explain the difficulty I have...

I am not anaccountant which could explain the difficulty I have in understanding some ofthe numbers in the half-yearly report.

TheDirectors’ report says that “… production being significantly interrupted formost of the half-year period. This is also born out by the modest “revenue fromcustomers” of $62,827.

Againstthis is the consumption of $6,561,503 in “Materials and Consumables”. Thereport does not show any credit for “finished or semi-finished” goods. Thissuggests that some $6 million have gone up in smoke or gone to the tip.

Withlimited production, the payroll has still increased year on year by 7.5%. Aconsiderable share of the payroll would be on the manufacturing side – but thiscost again shows no tangible result.

I hopeothers can make more sense out of this than I manage.

1	Inventories - 30.06.2023	2,727,488
2	Inventories - 31.06.2023	3,294,275
3	Change in Inventories		566,787
4	Raw materials and consumables used		-7,128,290
5	Actual materials and consumables used		-6,561,503
6
7	Total Payroll		4,750,549
8	Total Manufacturing Payroll		?
9
10	Total manufacturing cost @ 50% of payroll		8936777.5
11	Revenue from customers		62,827
12