Ann: Update on Tax Assessment , page-14

From The original announcement,


Appendix 1: Details of Amended Assessment and associated Penalty Notice
The Notice of Amended Assessment and associated Penalty Notice are represented by:
? Amended Assessment of $66,965,897:
o $41,257,953 tax payable relating to Cape Lambert’s June 2009 acquisition of the Lady
Annie Project (Mt Isa) and joint venture interest in the Lady Loretta Project (Mt Isa). The underlying tax deduction will be fully deductible for tax purposes in future years (i.e. this is a timing issue).
o $16,384,762 tax payable relating to contingent proceeds arising on Cape Lambert’s August 2008 disposal of the Cape Lambert Iron Ore Project. In September 2010, Cape Lambert commenced legal action to recover these contingent proceeds and this litigation remains ongoing. If any amount of these contingent proceeds is not subsequently received, this will give rise to a future tax deduction or a tax loss.
o $9,323,182 relates to shortfall interest charge.
? Penalty Notice of $28,821,357 is entirely penalty taxes that relate to the Amended Assessment.