I have been looking at the HY07 and am wondering why there is such a discrepancy between revenue in the P&L and receipts from customers.
1. Revenue 3,791 in 2006 and 8,044 in 2005.
but
2. Cash flows from Operating Activities Receipts from customers $6,180 in 2006 and 6,445 in 2005.The discrepancy is much less.
I presume the difference is due to accounting revenue recognition criteria. However, if the CF statement is used then the HY doesnt look so bad.
Cheers
Mark
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