Ann: Update on USA Operations, page-64

I would be incredibly happy if you could drop a few more words towards the deferred costs and the profitability of that amount? Other users have already found mentions of this in FY16 and Feb announcements but it is not explaining Q3 and Q4 and the lack of notice in FY17.

The US announcement is clearly positive and might offset any doubts I have regarding the deferred amount.

Coca Cola - you are probably right.

I am also very interested in understanding how BIG can adjust margins - the product is labor intense (Sydney told us - cameraman, actress, editors, gurus)