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Avalon Telematics Ltd
No ratingHigh
FY2024, FY2025
Acquired goodwill carried in the wrong currency since 2022, prior periods restated
The group identified an error under which goodwill and other acquired intangibles from the acquisition had been recorded in the parent's currency rather than each unit's functional currency, and restated every affected prior-period line item.
“During the year the group identified an error under which goodwill and other acquired intangible assets arising on the acquisition of the North America business had been recorded in the parent's currency rather than in the functional currency of each unit, in the financial statements since 2022.”
Indicators: Change in Goodwill
Restatement comparisonRestatementconfidence high
Medium
FY2024, FY2025, FY2026
Allowance against receivables sits at the peer ceiling in every computed year
The allowance held against receivables is higher, relative to the balance, than any company in the population in each year it could be computed.
Indicators: Provision for Bad Debt Relative to Trade Receivables
Reads Provision for Bad Debt Relative to Trade ReceivablesIndicator analysisProvision or reserve judgementconfidence moderate
Medium
FY2023, FY2024
Contract costs moved between operating and investing, comparatives re-presented twice
Capitalised contract acquisition costs were reclassified from operating to investing cash flows and the comparative re-presented, in two successive years.
“Capitalised contract acquisition costs have been reclassified from operating to investing cash flows, and the comparative amounts have been re-presented for the second successive year.”
Line items: Operating Cash FlowNet Cash from Investing
Restatement comparisonCash flow classificationconfidence moderate
Low
FY2024, FY2025, FY2026
Digit conformity is unremarkable in every year and best at the close
The distribution of leading digits across the filed figures matches the expected distribution; the closing year is the closest fit in the series.
Line items: Digit Distribution Deviation Score
Reads Digit Distribution Deviation ScoreIndicator analysisGovernanceconfidence low
Low
FY2024
Contract costs are capitalised and amortised over the contract term
The policy is disclosed in the filings and is unchanged across the years read.
“Contract acquisition costs are capitalised and amortised over the term of the contract they were incurred to obtain.”
Line items: Operating Cash Flow
Document reviewconfidence moderate
Showing 5 of 12 · a finding rests on figures this study published, a quoted passage, or bothTypologies: Cost capitalisation policy · Provision or reserve judgement · Cash flow classification · Company-defined measure · Going-concern statement · Governance · Restatement