Ann: Record FY21 results deliver positive EBITDA, page-85

Madamswer,

I noted PYG FY22 guidance in the 1HFY22 results:

• FY22 ARR = $37m
• FY22 Statutory revenue = $26m

The FY21 results were:

• FY21 ARR = $27.2m
• FY21 Statutory revenue = $16m

We can see that the FY21 ARR ($27.2m) eventaully flows through into FY22 Statutory Revenue guidance of $26m.

As I remember, ARR is based on a calendar year and PYG's financial year ends 31 March.

Is this why you call the current operating earnings pro forma?

That is, we will need to wait a little time before the FY22 guidance ARR ($37m) flows through into a similar amount of Statutory revenue.