NRZ 0.00% 0.3¢ neurizer ltd

I had a look at the Annual Report to which you alluded, and this...

  1. J L
    1,549 Posts.
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    I had a look at the Annual Report to which you alluded, and this is what I came up with. No guarantees for accuracy though.

    On 30 June 2023, JP and PS agreed to a reduction in Fixed Remuneration to:

    JP $576,000
    PS $677,000

    This included statutory superannuation.

    They also agreed to a further temporary reduction in remuneration of:

    JP 30% i.e. Remuneration now $403,000 PA
    PS 40% i.e. Remuneration now $406,000 PA

    Total $809,000 PA. i.e. approx. $200,000 per quarter.

    During this period a majority of employees forgave 30% of salary in lieu of options.

    So back to 30 December Quarterly.

    Cash for others: Staff costs of $507,000 Less JP and PS = $307,000.

    Number of additional employees would have been approximately $307,000/$17,000 = 18 + (JP +PS) = 20.

    Should be a lot less this quarter, or the coffers will suffer greatly. Available cash of $847,000 at start of quarter.

    Now run your ruler across this. All IMO.


 
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