From the half year report:
“Whilst the Group has achieved significant growth in its education sector sales with approximately $3.5 million of contracted revenues as at 31 December 2017, these contracted revenues relate to services commencing at the start of the 2018 school year (January). Accounting standards require that these revenues are recognised at the time the services are provided, and therefore they have not been reported in the current period but will be recognised as revenues when they are provided over the length of the contracts, which range from 1 to 3 years.”
I haven’t found any detail on proportion of different contract lengths
I presume this includes revenue bought in from linewize acquisition so I’m finding it difficult to gauge underlying growth.
I’m going to wait until full year report to see what revenue is actually hitting the P&L
FZO Price at posting:
55.0¢ Sentiment: None Disclosure: Not Held
