Ann: Consolidation of Financing Arrangements, page-80

hi Luanboo

i think they only accounted for 50% of the revenue in TAW because the other half of revenue was counted in the AMAL account during merger. TAW received 8M cash when AMAL was absorbed, so the AMAL side of revenue was already in that.

the accounting was done from a TAW perspective.
the way I understand how the accounting was done, is that anything received before the merger date, will only count 50% of the revenue from TAW. The other 50% from AMAL will be lumped as one sum during the merger.

this is quite confusing and a next quarterly report will be easier to read.