I have been investigating the accounts, and in particular trying to reconcile the 4c's with the annual report.
If you add up the COGS on the 4c you get 7700. If you look at the annual report it is 8500. I would like to understand where the difference is coming from. If anyone knows I'd be grateful.
However, the margin on the reported numbers is thus 1760/10261 or 17.15%.
Ann: August Operational Update, page-17
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