i can't understand the announcement it states: "transaction...

i can't understand the announcement

it states: "transaction related to the grant of a perpetual licence...The effect of this is that $20.3 million of revenue will be reversed and reflected in the full year results."

yet i can't find recognition of this, what appears to be non-cash revenue, in the past accounts

i read in the past 3 sets of accounts $254M in revenue versus $269M in cash received from operations

if this $20,3M relates to "revenue" then the company is making a massive loss on his day-to-day trading operations

very difficult to follow



for 30/6/15, there was operating cash flow loss of $17.8

for 31/12/15, positive operating cash flow of $2.3

for the 6 months, inventory up $11M & payables up $16M

anyway..got to go now