On page 76 of the published 2017 annual report it states that the Volcan loans impairment was recognised as at 30 June 2017. However, it seems that there is no bad debt expenses in the financials anywhere. Could anyone help me get my head around? Thanks.
PS. the impaired two Volcan loans are $1,200,000 (due for payment on 14 Dec 2012) and $79,258 (no due date for payment) respectively. Page 60 of the 2017 financials explains the $1,200,000 loan but no mention to $79,258 loan. Anyone can shed some light on it? Thanks.
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