SWE question, page-11

Swala question still hanging around,

From Swala audited 2017 accounts signed off 30/7/2018 :-
positives........................
"The Account Payable and Other payables above includes a settlement to Otto whereby On the 25th May 2017 Swala and Otto settled commercially a dispute brought by Otto against a number of parties in respect of the Pangani licence before the Federal Court in Australia. As part of this settlement of all outstanding matters concerning this licence, Swala shall make a net payment of $800,000 to Otto. On 27th September 2017 Tanzania Revenue Authority instructed Swala Oil and Gas (Tanzania) Plc to suspend the transfer for the compensation to OTTO until TRA issues Swala with TRA’s determination regarding OTTO’s Tax liability and the extent of Swala agency obligation out of the agreement."


negatives............. the auditors comments


Well the accounts make for an interesting read anyway!!