Hi BrettPick up on the disparity between the Customer Receipts...

Hi Brett

Pick up on the disparity between the Customer Receipts number declared in the HY Report versus that reported in the 4c ? AUD 425 K difference and yet the closing Bank / Call Account comparison reveals only a AUD 23 K difference.

Would not necessarily change the Revenue declaration in the HY result, but may beg the question about the standards on disclosure. I am not an Accountant but have called for a second opinion on the Receipts disparity. My logic says if the Result (closing Cash Balance) remains essentially unchanged, a reduction of AUD 425 K in inflows has to be replaced with another similarly sized inflow or a similarly sized reduction in outflows. That said, a Customer Receipt is a Customer Receipt and should never be subjected to, let's call it, creative accounting.

As things stand, a highly disappointing result for the first six months of FY22.
i
Rokewa