My theory is that with the increase in bad debts, they recognise less revenue per transaction (factoring in that bad debts are likely to continue).
Remember the revenue which they recognise is normally on the gross carrying amount.
If there is obvious impairment, revenue is recognised on the net carrying amount. IE. Revenue recognised on the 'after expected loss' number rather than the before.
Ann: Quarterly Update, page-119
-
- There are more pages in this discussion • 335 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.71 |
Change
-0.015(0.87%) |
Mkt cap ! $1.951B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.71 | $10.76M | 6.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 20848 | $1.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 45955 | 13 |
View Market Depth
| Last trade - 15.04pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |