and i think we should stop seeing FY08/09 and upcoming FY09/10...

and i think we should stop seeing FY08/09 and upcoming FY09/10 results as separate parcels and events.

big deal if say profits/cash receipts get accounted for a month later and say $20 mill misses the 08/09 NPAT result - it just means that over FY09/10 we can now expect a $100 mill NPAT plus result instead of an $80 mill NPAT result.

the $20 mill doesn't disappear !

what you miss out on the swing (08/09) you gain on a bigger than expected roundabout (09/10) as they say.