I'm not understanding why the write back is in the revenue.. my understanding of earn-out (at least from the definitions of "earn-out" means that the seller gets paid if they hit certain performance during the sale process of their business.
So basically if they didn't, then the PGC (the buyer) won't have to pay as much, and hence "write back" but how is that revenue (or income) though ...
just means you don't pay as much.. anyways.. maybe an accountant can answer
Ann: AGM Presentation, page-17
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