Betfair revenue up 31%

Revenue from management of customer funds  0.9 M

is this interest from client accounts?

yup

You don't know that from the statement Martinch.  It could be anything maybe renegotiated client account charges or clawback on dormant accounts but it does not say that the reason for the growth is interest.  In any case the income is tiny.

From the prospectus:
"Betfair receives a management fee representing interest earned from the investment of customer deposits. This fee is recorded as ‘‘revenue from management of customer funds’’ in the Core Betfair segment."

and from the last Annual Report
"Revenue from the management of customer funds held on deposit in
separate ring fenced accounts grew by 30.9% to £3.3 million, reflecting the increase in the average level of customer deposits held during the period and a slightly higher interest rate environment."

That's good enough for me....

I take it back.

[:)]

its called longfirming, about 40 years ago a firm called oddbins sold spirits 1p a bottle cheaper than could be bought at any supplier in country

massive turnover, 3 months rollover credit with supplier, daily interest on money banked,

unfortunately went skint.