Hi all, I've been following LiveTiles the last few weeks and...

Hi all,

I've been following LiveTiles the last few weeks and believe in it's growth potential. I'm looking to make an investment and currently trying to get a better understanding of their FY17 audited financials. I'm hoping fellow investors on HC can share your thoughts.

What's the driver on the Group's balance sheet under Note 2 (Parent Information) with accumulated losses of $347m? Just trying to understand why there's such a big gap compared with the consolidated balance sheet with accumulated losses of only ~$24m for the Australian entity.

Thanks in advance.