VID479/2025 - Piper Alderman vs Southern Cross Payments & Grant Thornton, page-3

Just to add to this. I always thought it interesting the companies decision to change the financial year end during 2018 from June to December under the guise of aligning with the Euro financial year. Essentially doing so afforded the company an opportunity to provide shareholders with a condensed version of the companies accounts that withheld information on how the revenue relating to the performance shares was reached. I.e. Project revenue vs clipping tickets for financial transactions.

Combine this with the miss-statement on the percentage of ongoing revenue by the CEO a couple of months later it starts to look like a way to obfuscate the true position of the company at that time.