Xero restates income to provide new view of expenses

Xero CEO Rod Drury

Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.

Launch Radio player

Ahead of its annual report on May 22, Xero [NZX: XRO] has released a version of its annual result restated to include a new break-down of expenses.

Expenses are now categorised by cost of revenues, sales and marketing, product design and development, and general and administration, rather than expense types such as employee entitlements, advertising and marketing, consulting, travel and so on.

The new presentation provides greater insight into Xero’s business model. It also ensures that its reporting is more closely aligned to other major SaaS (“software as a service”) companies, Xero says.

The new breakdown (click to zoom)


This article is tagged with the following keywords. Find out more about MyNBR Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7534 -0.0010 -0.13%
AUD 0.9678 -0.0010 -0.10%
EUR 0.6708 -0.0051 -0.75%
GBP 0.4893 -0.0004 -0.08%
HKD 5.8427 -0.0071 -0.12%
JPY 90.2060 -0.2070 -0.23%

Commods

Commodity Price Change Time
Gold Index 1212.6 3.670 2015-02-27T00:
Oil Brent 62.6 1.590 2015-02-27T00:
Oil Nymex 49.8 1.310 2015-02-27T00:
Silver Index 16.5 -0.022 2015-02-27T00:

Indices

Symbol Open High Last %
NZX 50 5878.5 5896.5 5878.5 0.24%
NASDAQ 4985.0 4989.2 4987.9 -0.49%
DAX 11408.3 11455.1 11401.7 -0.20%
DJI 18213.3 18213.3 18214.4 -0.45%
FTSE 6946.7 6974.3 6946.7 -0.22%
HKSE 24996.8 24997.8 24823.3 0.26%
NI225 18869.4 18939.2 18797.9 0.15%