Ann: Appendix 4C - quarterly, page-59

I found the report pretty interesting thanks, And readily acknowledge it doesn't factor the new line of business (direct market customers) . So have to assume the numbers are based on present assumptions which may explain the lower 30/6/18 revenue predicted at 20.6m verses the companies predicted 22 m
It becomes more interesting when comparing against the 31/12/17 6 monthly report and calculating what is needed to achieve in the State one numbers by 30/6/18. In other words what is predicted in the next 6 months to 30/6/18, (to be proven in the annual report)
EBITDA is a pretty good comparator to cash flow positive, but is more based on accrual accounting, where receipts and costs are factored on invoice issue and receipt. as applied in the 6 monthly and annual reports. At 714k positive lets hope state one are correct. Unfortunately we cannot calculate the effect of the DMC business beyond predicting it positive effect on GWH under management. But back to the main point, the embedded network strata is looking solid



Op expense is calculated by adding employee, professional and other costs
The 4c 6 monthly inclusion just highlights the difference between accrual and cash reporting over the same time periods