Originally Posted by
Harvey Specter
G&A is $12m and R&D is 18m.
For R&D, you could prorata against users or you could argue you should apply it to the first user (ie. NZ) as you need to do the same regardless of numbers. I would however assume that a large part of that relates to country customisation (ie. taxes) so even if NZ only, it would not be that much per year. Allocate say 20% is $4m
If it was a NZ only company, G&A would be alot lower. My guess would be max $2m. By comparison, RBD G&A was $7m for the half year on Revenue of $180m. Xero would be run very differently (ie. Lean) if it wasn't aiming for world domination.