SP1 0.00% $1.07 southern cross payments ltd

Ann: Appendix 4E - Preliminary Report, page-9

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    Maybe we carry a liability for Probanx revenue received in advance?  ie For annual licensing and support.  eg If a Probanx customer subscribes for a year (and pays up front), maybe it is recorded as a liability up front to offset the subscription payment up front.  Then as the year progresses quarter-by-quarter, we record it as revenue against each quarter (removing the liability)?  I'm not an accountant, so it is just a guess.
     
 
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