I think it also important to keep in mind Jon's comments on this topic on the last 3 webinars including late last year. He is a charted accountant and was the CFO of Neuren before stepping up to be CEO. It is possible he was aware of the NZ tax losses at that time and there other factors. Our R&D spend has increased by our SG&A is stable. Our R&D spend has tax offsets/credits applied (selectively) so it can further reduce the amount of corproate tax we would otherwise have had paid simply by calculating our revenue against our costs as per the half yearly report.
I think it also important to keep in mind Jon's comments on this...
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