There shouldn't be any confusion
Consistent with that decision, we've
also decided not to book licencefee revenue of $55 million
received in the form of shares in unlistedcompanies in the December 2001 half
year. With the write-downs, thedecision not to recognise the income has
obviously pushed us into a
loss.color=#0000ff>Some of the companies are more advanced in
their business plans thanothers and some have reasonable cash reserves. ECard,
for instance,has $23 million in the bank. We've been
consistent by writing them
all down to zero. There shouldn't be anyconfusion.
The write down is consistent with our plan to give
greater clarity to
the investment community. In the half year report we hope
to
demonstrate that our accounts and the presentation of them is
color=#0000ff>significantly clearer than in the
past.
