Ann: Collection House Limited Software Review, page-18

Finally found the information required in note 13 intangible assets.( Online) I can only assume that development and installation costs of the software was orginally booked in as work in progress and then transferred to software schedule to be amortized. If we look at the schedule, beginning work in process was 10.8 million at 1st of july 2014. (Story of the past)
This must be an interesting story while the development costs were not written off progressively. Very sloppy CFO work. It appears to be from the past, Noting additional, 5 million in development costs were incurried in 2015/2016.
Lets now see the quality of management, telling us what happen. Will they make an excuse or simply say this is a mistake in treatment and the orginal development was no good!
The board should have questioned this one, at least the cost of the system.