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RepaymentsAll TPC investments are repayable - this is a requirement of all contracted projects. These are investments in research and development (R&D) projects, which by their very nature are long-term. Projects commence with an R&D, or work phase, which is followed by a benefits phase - the period in which a product, or a technology, begins generating revenues for the company. It is during this latter phase that repayments normally commence. The majority of TPC projects are still in the R&D phase and significant repayments are not expected for a number of years. TPC invests to achieve strong public policy benefits that go far beyond simple financial returns. That being said, repayments to TPC so far are in-line with forecasts, and are continuing to increase. In fiscal year 2004-2005, repayments to TPC totalled close to $38.2 million, and the total cumulative repayments, as of August 8, 2006, are over $180.3 million. These forecasts are subjected to regular assessments and amended to reflect the market uncertainties and risks that accompany numbers of this type and the impact of continuously changing market conditions on the investments TPC makes. |
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Created: 2005-06-23 Updated: 2006-08-22 ![]() |
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