Ann: Impairment Update, page-5

They need to get better at inventory management as lead times can't be that great should they need extra packaging and series inserts but disposal for overstock is crazy amount IMO.

Allowance for disposal of inventoriesThe allowance for disposal of inventories assessment requires a degree of estimation and judgement. The level of the allowance is assessed by taking into account the recent sales experience, the ageing of inventories and other factors that affect inventory obsolescence. To the extent that these judgements and estimates prove incorrect, the Group may be exposed to potential additional inventory write-downs or reversals in future periods.

So we talking out of date failed product, failed packaging?

I should also mention it was only half of previous write down??
iii) Write-downs of inventories to net realisable value during the year ended 30 June 2019 amounted to US$633,463 (2018: US$1,134,364). The write-downs were mostly due to disposal (and allowance for disposal) of raw materials relating to outdated Yowie Series. Refer to Note 23(t) for key accounting estimate on allowance for disposal of inventories.

2019 -2018 Write down of inventory
(1,134,364)


Mark and Louis obviously think the number is irrelevant as they haven't included it in their commentary? What a missed statistical opportunity they could have headlined "Yowie halves annual inventory write off" now only 9% of gross profit not 13%. Now that is a achievement.

So they have commitments but haven't till now told shareholders and even better don't say actual scale if they are full roll outs etc etc???
I thought ASX was cracking down on such airy fairy announcements with no details . They are either contracts or they are not? Commitment is that like a MOU?

"We have commitments from the 2nd and 4th largest grocery chains and the largest dollar store chain with ranging in FY2020. Though we saw increases during FY2019, there is still significant opportunity for expansion, especially in the important Food and Convenience channels."



October is here - lest see if any Aussies can spot em?
Major AUS retailer has agreed to range Bite Sharebag and Gummy Sharebag in a novelty set test in October.

Did I miss this announcement?

"Yowie has been accepted in Caltex, the largest service station operator in Australia. T" Anyone seen em?


So they don't hedge currency or d it poorly or made bad investments in what? Surely 1.3 million is worth a look at why???

Cash outflows used in:US$-
Operating activities(1.60 million)-
Investing activities(1.36 million)-

Financing activities-
Net cash outflows for the year(2.96 million)




Dammm Right - get ready for strike 2???
They want leverage on their good work they can buy shares on market and wear rewards or consequences.

"At the Annual General Meeting (“AGM”) held on 8 October 2018, shareholders holding approximately 39% of eligible votes cast a ‘No’ vote in relation to the adoption of the remuneration report for the year end 30 June 2018. The Company, therefore, received what is known as a ‘First Strike’ under the Amendments to the Corporations Act. The resolution was still passed as an ‘ordinary resolution’.The Board has had careful regard to the outcome of the vote and decided that no bonus incentives were granted to the KMPs during the current financial year"


Never a director before? and nice haf mill?

Mr M Schuessler522,600 Only on 14 days notice but gets 25% of annual if gone....hmmmm