"As for the contingent consideration write-off, are you sure it...

"As for the contingent consideration write-off, are you sure it hasn't simply been the disbursement of the consideration in the periods you are reviewing that has reduced the deferred consideration balance?"

99% sure. Note 22 in the 2014 Report confirms $1,386,000 of it. The rest disappeared in the last half yearly – no notes but you can trace its disappearance if you add the amounts in payables and new combinations. The payment wasn’t due yet so it shouldn’t have been paid – suspect they wrote if off because of Western Desert Resources. Misleading at best if you ask me – but it’s all legal!