Questions

Hi,

These points are from the 2016 Annual Report.

1) Has Zip been able to turn around this steadily declining repayment rate? I haven't been able to find an updated version of this chart in subsequent reporting but this steady decline in repayments seems problematic for a loans business.



2) I think the following is some rather manipulative reporting. Showing positive results as percentage change and then the bad debt is shown as value change. An increase from 0.5% to 1.1% is a 120% increase as a percentage. Why are all the other rows in this table a percentage change, yet a red flag like a 120% increase in bad debts is strangely the only row where the value change has been presented to the reader?