well its about how they do the accounting.
sell usd... loan usd...... payments of loan and interest is usd.., cant see the exchange rater an issue.
Cost of manufacture is in aud but reported in usd at the average rater during that period i would imagine.
so C1 costs are in aud so the exchange rate comes into play.
i am sure that fmg keeps its cash in usd account's and does the exchange when aud rate is low.
so it should make extra cash for div as they are in aud.
that is my simple view. an accountant could help here
The bottom line, page-62
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