Ann: WNB December 2019 Appendix 4C & Commentary, page-8

Couple of things:
The Product manufacturing and operating costs classification is very unhelpful. I would assume product manufacturing giving rise to Inventory on Hand. Should be clearer in Half Year Accounts as it will be disclosed as an asset.

Admin and Corporate - Increased ~300%. (obviously deferred payments until CR was completed.)

Staff Costs - Increased ~82% (suggests they deferred PAYG tax liabilities until CR was completed)

Would expect improvement in these to areas next qtr, they need to provide some segment commentary between services and goods!!