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$2.10 nearmap ltd

North America ACV about to exceed ANZ, page-53

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31/12/21

13:32

Post #: 58586166
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Originally posted by Cpago55: ↑

I dont mind capture costs being ammortised. Collect once use many times and ammortise on billing usage. I am comfortable with that.

What i dont like is the contract acquisition costs of $6m. This is a direct selling expense. If it they acquire say a 3 year contract then this should be ammortised over contract period. At $500k ammortisation charge have they acquired all 12 year contracts (6000/500=12), i dont think so. Figure doesnt look valid

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Yeah!
I wondered how thet got that treatment through their auditors!

NEA Price at posting: $1.55 Sentiment: None Disclosure: Not Held
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