"What was a little confusing was they indicated the derivatives revenues was 5.6m of which ~3m would be recognised in FY2022."
@SteveSage,
I thought it was just me that didn't understand how that FY2022 derivative revenue could be known ahead of time, but after some consideration it occurred to me that the figure could be dimensioned if it related to 12-month options that had been sold.
But I'm far from certain that is how it works, so if more clued-up beings than me can shed further light on this, it won't go unappreciated.
.
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- Ann: FY21 Preliminary Unaudited Full Year Results Presentation
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Ann: FY21 Preliminary Unaudited Full Year Results Presentation, page-27
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