this is here shareholder money has been used ..unbelievable...

this is here shareholder money has been used ..unbelievable !!!!!

Financial Statement Queries
7.1 Please provide a breakdown of director payments (payable or actually incurred) and how these payments
were split and reported in CTO’s financial statements for FY20 and FY21, including any capitalised expenses.
FY20 FY21
MJ Lynch 642,474 674,598
Personnel Benefit Expense* 642,474 674,598
JJ Foley 209,484 209,484
Consulting Expense 104,484 104,484
Personnel Benefit Expense 105,000 105,000
S Acharya 70,000 73,333
Personnel Benefit Expense 70,000 73,333
Total 921,958 957,415
*Portion of the total remuneration based on time worked on the project, has been capitalized to the
project in accordance with AASB 6 for Capitalised Expenditures.