Stakeholder Update 27 March 2018, page-84

Not sure that’s the case, but i’m Just making layman interpretations of the financials so happy to be schooled.

2017Fy, 13.9m revenue, of which 9.4m was deferred. This deferred revenue constitutes 100% of the advanced income from potential SMEs for the FY through FC that hasn’t been secured through a converted customer, and isn’t anything to do with the monthly payments, as those monthly payments are outside of BIG’s business, and are part of the sme contract arrangement with FC only.

I guess a newb question I have, is when dealing with the audited half year/annual reports, does deferred revenue need to be a guaranteed revenue stream that is definitely coming across? If BIG fails to sign up a customer, the deferred rev could be lost. If there are delays, then more and more of that deferred rev would go back to fc as fees.

Didn’t mean to suggest that the 2.07m general ad receipts would be the only rev in the HY, but more that of the dec reported receipts, those are the only receipts from customers that aren’t an advanced loan that needs to be converted to revenue via an sme sign up.