RE: Financial Accounts18 May 2018 09:21
Under the agreement to sell the Project IP to SPMP, there is a balance of $2 million due to be paid to Tri-Star
by SPMP. This payment is contingent upon the successful commissioning of the plant in its pilot phase. The
Directors have determined not to accrue this deferred income. Therefore, there is a contingent asset of
$2 million at 31 December 2017 (31 December 2016: $2 million).
As there is no longer a pilot phase it will be interesting how this unfolds