Love a company that breaks down corporate costs for transparency. This rarely happens. Absolutely everything normally gets lumped in.
This little gem actually breaks it down.
See Note 5:
Corporate administration expenses -
- Company secretary fees 140,119
- Directors remuneration 306,755
- Legal and professional fees 33,102
- Share registry fees 14,147
- Insurance expenses 9,811
- Occupancy costs 68,715
- Computer expenses 33,792
- Other administration expenses 356,0230
My personal favourite is Note 22:
* Events after the reporting period On 19 July 2017, the Company announced the ePAT App is now cleared for use as a medical device in Australia (TGA) and CE marked for European markets. This milestone triggered the ePAT vendors’ entitlement to deferred consideration shares to the value of $1,000,000 AUD calculated at a 5-day VWAP, which has been calculated at 2.6 cents – resulting in 38,461,538 ePAT shares issued. On 24 July 2017 the Company announced on ASX that it has reached a key agreement with nViso which will see ePAT secure a perpetual, exclusive, global license for the Pain Assessment Software Development Kit (SDK) for use in the field of pain assessment and pain monitoring for mobile applications. Under the terms of the agreement, ePAT has paid $300,000 cash and issued 31,250,000 fully paid ordinary shares to nViso (escrowed to 31 December 2018). A further $92,500 is payable on 31 December 2018. Otherwise, no matters or circumstances have arisen since the end of the year which significantly affected or could significantly affect the operations of the Group, the results of those operations, or the state of affairs of the Group in future financial years.
Great to see a spec controlling costs and kicking goals imo. Very rare at this end.
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