Flexion Mobile financial information restated for IFRS 15
LONDON, 14th of June, 2019 – Flexion Mobile Plc (Nasdaq: FLEXM) , the London-based Android games distribution company, today announces the Board’s decision to adopt the full retrospective approach and restate revenue and cost of sales information to comply with accounting standard IFRS 15 - Revenue from Contracts with Customers. This will bring Flexion in line with mobile game industry practice on how to report revenue and cost of sales.The Company is adopting IFRS 15 which applies to all revenue arising from contracts with customers. In contrast to the Company’s