Ann: Buildcorp contract win , page-4

A step in the right direction, but don't book this cash flow until it arrives in the bank. There is still plenty of supply in fringe commercial in Melbourne and this property still has whole floors (and maybe substantially the entire property) without committed tennants.

Meanwhile the question is whether INT had to assume leasing risk whilst waiting for reimbursement of the expense associated with the installation of the monitoring equipment. Taking 2+ years to get tenants in is common.

Also whether they are claiming gross revenue or revenue net of re-selling of data/other commissions. I think it is the former and net cash in the pocket will be substantially less than they have indicated. This is where they have come unstuck with their auditors in prior periods.