Just re reading my post - The contingent expense $8M should flow into next 6 Months as I deferred all the revenue.
So potentially the effect will be 2hFY18 -
$19M deferred - 30% converted revenue $6M - Expenses $14M (COGS $19M) + Deferred FY17 $4.7M
Break even
How FC financing works for BIG, page-34
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