North America ACV about to exceed ANZ, page-52

I dont mind capture costs being ammortised. Collect once use many times and ammortise on billing usage. I am comfortable with that.

What i dont like is the contract acquisition costs of $6m. This is a direct selling expense. If it they acquire say a 3 year contract then this should be ammortised over contract period. At $500k ammortisation charge have they acquired all 12 year contracts (6000/500=12), i dont think so. Figure doesnt look valid