Ann: Quarterly Activities Report and Appendix 4C, page-16

Anyone out there understand ASX Accounting fully? Like to the nth degree?

It seems to me there are a lot more dollars earned than are obvious in this report.

For example:

From the 4Cs

Q1 Receipts = $532k
Q2 Receipts = $4812k

H1 Receipts therefore $5.344m

But total invoiced sales for H1 is $6.9m. So I'm thinking that there are $1.5m+ of sales not yet receipted?

Also difficult to work out if the full $3.7m from HP has yet been received/shown in this 4C.

I'm working on this right now. But I think the situation looks to be even better than this 4C can show.

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