Hi Taurean7Re the COVID 19 Test KitsI would suggest you take a...

Hi Taurean7

Re the COVID 19 Test Kits

I would suggest you take a closer look at Note 5 (page 14) of the more recent Half Year Accounts 31 Dec 2020 (ASX Announcement 18 Feb 2021 CELLMID APPENDIX 4D – 1H FY2021 BUSINESS ACTIVITY) where:

Diagnostics – finished goods at net realisable value were " - " ( "dash" this generally means Nil as in the COVID 19 test kits purchased appear to have have been written off IMHO) 30 Jun 2020 $234,223

Further quote from Note 5.

"During the reporting period additional provisioning of inventories to net realisable value equalled $217,666 (December
2019: $nil). The net expense was included in the cost of sales for the period ended 31 December 2020."

Cheers

Finny