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Ann: Appendix 4E - Preliminary Final Report, page-36

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  1. 28 Posts.
    Gross loss issue may also (potentially) be a revenue timing issue with retailers, in terms of accounting standards and when you are permitted to record sales per our contracts with them.
    E.g we may have delivered the goods (reduce inventory, increase COGS) but our sales contract terms and conditions are such we couldn't recognise the revenue at 30 June.
 
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