TNT 0.00% 13.0¢ tesserent limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-74

  1. 4,929 Posts.
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    isn’t it the other way round - statutory revenues are less than reported revenues? The way I understand it is this :-

    Tesserent acts as an agent for some software products and they earn a commission.

    so say they sell software licences worth $20 million and the commission is $5 million. They actually bill the client and get paid $20 million, but then remit $15 million to whoever owns the software, so the revenue is $20 million, but the statutory revenue is $5 million.


 
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