Hi winter. I am fairly confident that accounting revenues for the Annual Report we're reported correctly. I have no idea whether the deferred revenue on the balance sheet will cross over to the other side as noted (5.6m of the 9.4m for the hy18) though. I also have no confidence in the way they have treated the 35% working capital received from FC. Again though, that relates to deferred revenue. I guess it depends how far down the road they can kick the can (before things blow up). It may well turn out that the HY is fine and they've managed to plug the holes up till that point.
Regarding the 791 acceptances, that will grow. And they have reported a 40% acceptance rate previously. So I guess time will tell.
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Stakeholder Update 27 March 2018, page-103
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