Financial Trends, page-3

Thanks Jaluma. No I have not included any revenue from NZ as it is probably immaterial at this stage. Some costs would have already been expended and included in my cash cost figure. My estimate for ACV as at end FY18 would include some revenue from new products.

NEA is in the great position of a profitable Australian operation funding the US and NZ. Then as the US becomes cash flow positive (before profitability most likely), it can start to fund other regions.