[PoignardAzur]

I'm not sure your math holds up, though.

Among other things, it sounds like their income was higher than their expenditures, eg that they had some money left at the end of the year; so your "75m of 375m" ratio isn't quite right.

Maybe I missed something.

[amtamt]

~ for approximately. Idea was not to audit records but provide an approximation of how much is spent on the stated objectives.

And even 20% is probably very high, because I would guess people working on those would be paid some salary/ honorarium, and that also would be included in this expense.