FRX 9.09% 2.0¢ flexiroam limited

Ann: Half Yearly Report and Accounts, page-8

  1. 4,729 Posts.
    lightbulb Created with Sketch. 331
    Deferred revenue.

    Deferred income is, in accrual accounting, money received for goods or services which has not yet been earned. According to the revenue recognition principle, it is recorded as a liability until delivery is made, at which time it is converted into revenue. (Google)

    This will actually become earnings.

    We have no debt.

    Milesy
    Last edited by milesy: 11/11/22
 
watchlist Created with Sketch. Add FRX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.