RE: The big slippery one LazyLoungeLizard11 Jun 2026 17:21
Pepe,
Thanks for your reasonable and polite question.
Your recollection of JW's reply is not quite as I heard it, i did effectively ask the same question twice as i wanted complete clarity and I apologised for what seemed to be quite a awkward question to answer.
My question was is the S&P partner currently paying any development costs?.
Answer was No,
-There was some discussion and elaboration on phase 1 etc but no mention of payment for phase 1.
-I didn't ask if any previous costs had been covered.
Looking at the half year results and accounting notes.
I have pasted below, it separates "rental" and "other revenue". Other revenue being from Komatsu JDA.
As the S&P partnership predates the Komatsu JDA, if they had been any revenue from the S&P partner why wouldnt it be recognised in the H1 accounts?.
As investors were told development costs would be covered by the JDA partner, i do think some clarity is required from the BOD.
Rental
-
17
50
Other revenue
253
-
75
Revenue
253
17
125
Other revenue 2026 relates to revenue recognised cost to cost basis in accordance with IFRS15, regarding the Komatsu JDA.
Rental income related to ongoing contract released overtime in accordance with IFRS15 to Acciona.