How FC financing works for BIG, page-35

Another factor to consider here is video library.

The failed videos go onto the Balance Sheet - and not expensed at all through the P & L. I would prefer a heft amortisation though 50%

I guess this footage would be important for Autogen.

I don't think the company has done anything wrong.

All I was under the impression was that when we had these large deferred revenue amounts the client had to take them.

So you could book them in the revenue forecasts when in reality conversions rates and costs to produce may be breakeven.

I see this no different to xero and they are a $4B company. They rely on the same principle.

Cheers