The unearned revenue after the first month is therefore £11 and revenue reported in the income statement is £1.

The unearned revenue mainly covers corporate contracts, typically spanning three years, to license Microsoft products.

The unearned revenue is recognized as sales gradually over the course of the contract.

In fact, unearned revenue fell $768 million.

The booked but unearned revenues are viewed as one indication of growth, and the sharp quarterly decline was a worry to analysts.

The portion that is booked but not yet recognized is called unearned revenue.

This quarter, however, the company played down security concerns, and that led to an intensification of the discussion of the reason for the decline in unearned revenues.

These "unearned revenues" increased by $91 million, or 16 percent, to $651 million from $560 million in the year-earlier period.

It will thus cost your country millions and millions in unearned revenue every month.

"Some creative analysts continue to misuse spreadsheet products by adding back unearned revenues," he said.