Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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325 Posts.

129

01/08/23

16:29

Post #: 69103727

Originally posted by jimbo2000: ↑
Hey Gucci,
So I can better educate myself and don't mislead, what would you supposed are the sorts of things we spend in the $7.2m admin and corporate costs bucket over the financial year?

FY23 EXPENSES % SHARE
1 research and development -$1,545,000.00 5.52%
2 product manufacturing and operating costs -$14,117,000.00 50.43%
3 advertising and marketing -$723,000.00 2.58%
4 leased assets -$118,000.00 0.42%
5 staff costs -$4,706,000.00 16.81%
6 administration and corporate costs -$7,240,000.00 25.86%
7 Dividends received (see note 3) $-
8 Interest received $4,000.00
9 Interest and other costs of finance paid -$265,000.00
10 Income taxes paid $466,000.00
11 Government grants and tax incentives $250,000.00
12 Other (provide details if material) ( REMOVED AS ITS STARLINK COSTS)
13 TOTAL EXPENDITURE -$27,994,000.00
Expand
Someone please answer me this.
What sort of high tech company spends 5x more on admin and corporate costs than on research?
In any serious tech company, it's the research that leads the way and gets the funding. Has NET given up on being a leading tech company? Is it still relying on that award it won 12 years ago?

NET Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held

4 Upvote

1 Great analysis

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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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		FY23 EXPENSES	% SHARE
1	research and development	-$1,545,000.00	5.52%
2	product manufacturing and operating costs	-$14,117,000.00	50.43%
3	advertising and marketing	-$723,000.00	2.58%
4	leased assets	-$118,000.00	0.42%
5	staff costs	-$4,706,000.00	16.81%
6	administration and corporate costs	-$7,240,000.00	25.86%
7	Dividends received (see note 3)	$-
8	Interest received	$4,000.00
9	Interest and other costs of finance paid	-$265,000.00
10	Income taxes paid	$466,000.00
11	Government grants and tax incentives	$250,000.00
12	Other (provide details if material) ( REMOVED AS ITS STARLINK COSTS)
13	TOTAL EXPENDITURE	-$27,994,000.00

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-11

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