RE: proactive video20 Dec 2019 07:18
Think its important to understand why we have SOH saying second half results X5-X6 first half results which were 148,810 . That disappointment caused the main price crash from the high 70's.
That equates to 744,050-892,860 range for the second half accounts. Next we have SOH saying "over a million £'s revenue this year", which is even more.
Full year results on set up companies have their results due on the set up anniversary, optis being end Nov, not end Dec.
So for accounting and reporting purposes, its money in ad received by that date not end of year. (I also have the same problem with my company).
However when you are paying your customers be it for materials or royalty payments, no one normally pays until they have to...thats standard accounting practice, so if you have to pay your royalties say by the end of the year, we can see that it could easily arrive in Dec, and although earnt during the year, and would be received during the actual year making SOH correct, it might not fall within the "accounting year", which would be less.