aerial maps provider's subscription surges , page-10

"I assume it's the same for the 4c. ie 12 mnth subscriptions are not full accounted for, in the month of receipt into the bank"

We have been arguing this point over a few months on these forums now CB london, and I have been trying to find out definitively what the answer is.

I was originally agreeing with your take on this in my earlier posts about this.

Talking to out accountant at work, he concurs with you about the software company type classification of NEA and associated reporting requirements, and used to work in such a company, publically listed, so he should know.

He does disagree with you regarding how the cash is accounted for in the 4C's. Cashflow according to him is literally whatever they have appearing in the bank accounts from payments from customers, whether they be for 1 month, 12 months, 24 months etc. Originally I did not believe this and suggested the same applies as you have suggested but it seems the opposite might be the case.

It seems that only when the revenue numbers are required to be reported, will we get some read on expected recurring revenues, in the annual report coming at the end of August.

All in my opinion of course and happy to be proven wrong.