The IBM debt has already been addressed in 2023 Annual Reports
Variable Revenue Reversal Presentation Additionally, as part of the completion of the financial report for the year ended 30 June 2022, the Company assessed the revenueof certain contracts in accordance with AASB 15. As a result of this assessment, a provision for doubtful debts of $8.9m wasrecorded against amounts previously invoiced, GST payable of $0.8m was reversed and an expense of $8.1m was presentedwithin general and administration expense. Upon further review in the current period, it has been concluded these amountsshould have been presented as a reversal of revenue relating to past periods instead of a doubtful debt expense.
The IBM debt has already been addressed in 2023 Annual...
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