One thing i did find interesting in the annual report & would be...

One thing i did find interesting in the annual report & would be interested to hear what people's thoughts are in regards to the following -

During 2013, the Group entered into a strategic relationship with TPG Telecom Limited (TPG). In exchange for a $10,000,000 cash investment, TPG was provided with a 10 year exclusive licence (Australia and New Zealand, excluding government and defence markets) to sell, market and distribute certain advanced technology products. When considering the accounting substance of the transaction and with specific reference to AASB 132 Financial Instruments: Presentation, AASB 139 Financial Instruments: Recognition and Measurement and AASB 118 Revenue, $2,666,667 of the TPG investment was recognised as licence income received in advance, to be recognised proportionately over the 10 year life of the licence. At 30 June 2016 $266,667 (2015: $266,667) of the TPG licence income received in advance is classified as current and $1,575,163 (2015: $1,841,830) is classified as non-current. In addition to the above, during the year the Group received prepayments for certain licenses that are to be recognised as revenue over the licence period.