Wilsons Initiation, page-20

Couple of points in the FY23 report I picked up. Page 29 talks about employee benefits including "Unlimited Paid Time Off to foster a work/life balance" . Sounds like an awesome place to work but "not work ". In the notes : Ageing of trade receivables. 3 to 6 months in 2022 was $144K in 2023 was $2.4M. Over 6 months is $461K. Provision though is only $74K going forward so they are expecting to receive the majority of the overdue debts. However bad debts written off in 2022 was $460K. Raises a couple of questions. What was the bad debt write off due to in 2022 - pandemic bad debt perhaps ? Secondly $2.4M owing aged 3 to 6 months. A business I would not have expected to have tardy payers ? Maybe some government / large hospitals are very slow players but would you not just intimate no pay debt we turn off software ? A couple of questions I'll put to Mike.