Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-47

Hi Carnbombers

Whether it is 2 Bobs worth or 2 cents worth, with a shallow history to work with, it is all of value. I did test the proposition by looking back at the Half Year 2021 Financials.

Sales Revenue (as per Income Statement) stated as AUD 1.557 m

Receivables (as per Balance Sheet) stated as AUD 0.333 m

Customer Receipts ( as per the 4c reflecting the first 6 months of FY 2021) stated as AUD 1.244 m

So Sales Revenue AUD 1.557 m VS Customer Receipts AUD 1.244 m + Receivables at AUD 0.333 m
Therefore AUD 1.557 m VS AUD 1.577 m ( Error 1.3%)

Also reviewed prior comments IRO Debtor Ageing in both the FY19 and FY20 ( No disclosure in the Interim Reports). Interestingly, in FY 19 the Company reported the AVG credit days as 29 days. This number blows my mind and creates a huge mystery vs GF's graph on the timelag between ACV and Receipts. Can add, they had 4% of the Receivables number reflecting under past due at 60-90 days and 0.2% of the Receivables number reflecting under past due at 90- 120 days. Nothing showing as 120 + days and the narrative pointed to zero as a doubtful or bad debt.

In FY 20, the Report shows an improvement where AVG credit days reduced from 29 to 25 days. The 'past due date' cells are empty implying everything within terms. Same narrative in regard to doubtful / bad debts as above. Keenly await the upcoming FY results to see if anything has changed.

Cambombers, I am not an accountant , so maybe you can share an example where we could be seeing income in arrears, in the context of Pointerra's business. The history on deferred Revenue reflects in each reporting period as a liability in the Balance sheet, which I have interpreted as work in progress and not complete and/ or billable. Am. i missing something here whereby this could be skewering the Customer Receivables number.

Also, why in my formula would it be the Movement in Receipts. To me, the Financial YEAR- END Report is a 'freeze the clock' moment where everything in the Financials has to find a home.

Appreciate your comments.

Thanks
Rokewa