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- Release Date: 21/05/14 11:34
- Summary: GENERAL: XRO: Xero comparative financial information
- Price Sensitive: No
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XRO
21/05/2014 09:34
GENERAL
REL: 0934 HRS Xero Limited
GENERAL: XRO: Xero comparative financial information
Xero comparative financial information
21 May 2014
(Note: all currency is in New Zealand dollars and results are unaudited)
To assist analysts in recalibrating their models, Xero Limited (XRO) has
today released a restated comparative income statement for the 2013 financial
year. This is issued in advance of the release of Xero's Annual Report for
the 2014 financial year on Thursday, 22 May 2014.
Xero has elected, for its Annual Report for the 2014 financial year, to
change how its income statement is presented. Expenses are now categorised by
cost of revenues, sales and marketing, product design and development, and
general and administration, rather than expense types such as employee
entitlements, advertising and marketing, consulting, travel and so on.
The new presentation provides greater insight into Xero's business model. It
also ensures that its reporting is more closely aligned to other major SaaS
("software as a service") companies.
[See PDF for table]
End CA:00250696 For:XRO Type:GENERAL Time:2014-05-21 09:34:02
