Ann: Half Year Accounts, page-22

Highlights from teleconference
Recent wins in local municipal governments in US
Change to coverage profile to cover more without the change in cost to match competitor
Increased annual contract value in US from 0.1 mil to 1 mil
Increase in sales and marketing costs due to ongoing expansion in USA
In Australia, product being sold to customers that previously were traditionally not users of imagery systems and new opportunity.
Scaleable business as a result they need only another 10 FTE in US to bring in same revenue as Australia. The FTE will be hired over time.
No need for funding. All expansion will be funded internally and no dilution
If you annualise the results then no increase in expenditure in 2nd half of the year
Hyperpod tech developed and validating output right now - oblique images and 3D models. In process to implement onto platform.
Focus in US is to sell current products. Oblique imagery is a product developed to compete with the large competitor.

They talked about amortisation - did not understand it? Can someone explain that ?