If I take my calcs a little further..
HY revenue = 19.67m
Cash receipts for HY (not including BHA/FAB) = 34.58m
The difference is 14.91m
Deferred revenue held over from FY17 into 2nd half FY18 = 4.4m
Total deferred revenue at HY18 = $19.31m
How much money was sitting in the "Security Deposit" account at end of Dec17?
$19.86m
Seems to add up pretty closely to my deferred revenue figure!!
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If I take my calcs a little further.. HY revenue = 19.67m Cash...
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