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Ann: Half Yearly Report and Accounts, page-2

  1. 7 Posts.
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    The Half Yearly and Yearly Reports give us an indicator as to where the revenue is coming from and help us differentiate EV production revenue from Australian sales revenue.

    2017 Yearly - $33786 from 'sales of aerial imagery data'
    H2 2017 (from H1 2018 Report p.18) - $124893 in deferred revenue from 'Australian data subscriptions'
    H1 2018 - $154135 in recognised revenue from 'data sales' (p.7) and $643280 in deferred revenue for 'Australian data subscriptions' (p.18).

    The differences between recognised revenue (revenue stated on the Income Statement) and deferred revenue (revenue stated as liabilities on the Balance Sheet) are explained on p.13 of the H1 2018 report. It is uncertain as to the how much of the deferred revenue in H2 2017 becomes recognised revenue in H1 2018 and how much remains deferred revenue in H1 2018.

    What is certain is that is $187921 of recognised revenue from Australian sales from Jan 2017 to June 2018 and $643280 of deferred revenue from Australian sales as of 30 June 2018.
 
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