Ann: FY 17 Investor Presentation, page-5

Agree 100% that they have done a poor job explaining this but Investor relations has never been a strength of theirs - the fact that they first gave to the ASX a draft release sums it up really.

Re the accounting change I don't think these are upfront fees - page 29 of their annual report says "Some fees such as arrears, variations and default fees are recognised as they are charged and not recognised using the effective interest method. "

Not sure why they could not have spelled this out