2013 Annual Report

We’re proud to present our Annual Report for the 2013 Financial Year (that is to 31 March 2013)

Key messages:

• Our loss was slightly lower than expected at $14.4m – while growing fast we do keep a close eye on costs
• We have substantially grown our team over the year. Building capability for the future. It’s a huge amount of work to double a team.
• Our team is executing very well
• We’re just at the beginning of a massive market shift

If you’re interested in all things Xero I’d urge you to read the Chairmans and CEO report.

Our team is very grateful for the support of our shareholders.

As always, we’d welcome any questions below.