"Based on estimated future cashflows to be generated from the...

"Based on estimated future cashflows to be generated from the use of the patents, the recoverable amount was
estimated at $1,781,824 and an impairment loss of $1,000,000 (2007: NIL) recognized. The estimated future cash inflows are based on signed distributor agreements in the US, Australia and Russia. The agreements specify
minimum quantities and selling price. Cash inflows also include estimated future sales from China, Mexico and
Europe. For some of these countries there are not signed distributor agreements but management believe the
estimated sales will be obtained." (Last years final report)


Hi Sisyphus it was worth 1.7M that is with all the above deals presumed. Now....... it is worth well you guess as I have sold.