Ann: Update regarding FY20, page-221

You see it does not fit with the previous narrative of bad debts ~ 1 per cent .

Why would they suddenly have a much larger provision that is subsequently revised down by 2.63 per cent.

Their OPEX for a company which is 80 percent internet reliant are ridiculously high.

it appears to me that some of the real bad debts are being absorbed as a marketing expense .

The CR was probably as the warehouse funders were getting nervous and I would be surprised to see these withdrawn