Ann: Appendix 4C and Business update, page-3

Sorry the above is cash receipts not revenue. If revenue is 41% of forecast of 35.5 that makes it 14.55m for year. They have deferred revenue on balance sheet st 30:6 of 5.4m and receivables of 6.3m.
It’s hard to know exactly without seeing a balance sheet but as cash is coming 16.7m a The diff to revenue is going to be padding out deferred revenue on balance sheet to release to revenue later or receipt of receivables. The fact that cash is there and they are maintaining forecast and there deferred revenue yet to be recognised as revenue make me comfortable that there will be some good revenue recognised in 2half as they say.
The beauty of accounting and using your balance sheet to release to revenue and profits when you need. It will be released by end of financial year when they have to report fianancial statements not just cash receipts

I’m happy with it