buy side building, page-60

Iva

I've interpreted the $5m for improvements quite differently to you. My interpretation is that the company decided it had to report an income in the final quarter of FY12, because of earlier announcements to market, but were not in a position to report one because of unanticipated costs in the production process.

As a result, my guess it that they did a deal with Dr Reddy's for them to absorb the up-front costs in return for a trailing $0.5m/quarter for 10 quarters (effectively repayments of a loan from Dr Reddy to ALC). The money was spent in FY12.