The most important occurance encountered on NTG previous accounting is contained in the following paragraph of their announcement Quote
In order to increase our longer term recurring revenue stream NTG has, since we issued our original forecast, adopted a strategy of funding some of our sales on our own balance sheet. This has the result of less revenue being recognised upfront at the time products are delivered. The impact of this strategy will reduce the original 2003 forecast by some $15 million.
NTG
national telecoms group limited
