The quarterly is below, obviously showing no revenue. Dated 1 August.
http://www.asx.com.au/asxpdf/20160801/pdf/438zpmskntmdbd.pdf
The preliminary is below. Dated 1 September. It shows basically $33,000 in revenue, but of that about $10,000 is in interest revenue and $23,000 came from receipts from customers (which we assume is K2U)..
http://www.asx.com.au/asxpdf/20160901/pdf/439vvsr5h1q1fq.pdf
A key statement in the preliminary above is this:
"The 30 June 2016 consolidated statements comprise 12 months of TV2U Subsidiary and TV2U International since acquisition date."
Now I have three theories here:
1. The quarterly was lazy and definitely came across as such so might have not done the work which is a concern in itself in getting the right numbers; or
2. The preliminary is a consolidated statement of all subsidiaries (note: the revenue booked would probably go through TV2Singapore) so maybe the quarterly does not include income from the offshore subsidiaries. That is the quarterly does not include revenue from TV2 Singapore or any other offshore sub; or
3. Payments received might have happened in July but accounting standards dictated those payments be recorded in June which wasn't picked up until the Preliminary
They are my thoughts. My personal view all along is that it is 2. Conjecture until TV2 advises why?
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