FBR have 65 employees most of whom will be specialised engineers needing expensive kit and tools, plus are building a unique machine and investigating other opportunities. Doing all that doesn't come cheap. Even IT hardware (PC, Servers etc) for all those people even if leased can still be expensive.
Did you know that a single HP Graphics Workstation for CAD work with an off the shelf config has an RRP of anywhere from 3k to 10k exGST [1]? Throw in a requirement for a lot of RAM and fast SSD and you can easily reach them up to 15k. None of that includes monitors which in the CAD areas can be a huge cost.
Sure they might be leasing all the gear, but it will still add up to a large amount.
No doubt they will need quite a few Graphics workstations for all the CAD and simulations work they will be doing. Not to mention the licensing costs for the CAD and 3D simulation software.
You aren't just nicking down to Officeworks for all this stuff you know.
They spent $3 million between 31 Jul 2017 and 31 Dec 2017.
What part of the half yearly report leads you to think that money is being spent on who knows what?
If it had been $13 million between 31 Jul 2017 and 31 Dec 2017, then absolutely I would be a long side you screaming where did the money go.
But $3 million....don't worry about it. Its a non issue at this point.
[1] As they will not be collecting GST via sales, FBR will not be getting any GST credits either. So 10% of those expenses that are not wages are a direct GST payment to the Govt.
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