waiting for asset sales, page-24

My back of envelope calculations are as follows:

Cash at hand as at Nov 30: 300M (Includes retained cash from dividend suspension)
Free cash flow generated since July 1: 150M
BEPPA cash retention: 16M

Cash Out:
Working capital: 150M
Westnet Option: 160M

Forecast Net cash as at Dec 31: +156M

January:
Cash In:
Free cash flow generated for Jan: 25M
BEPPA cash retention: 4M

Cash Out:
PD Ports 180M
Net cash as at Jan 31: +5M

February:

Cash In:
Free cash flow generated fro Feb: 25M
BEPPA retention: 4M

Cash Out:
Corporate Debt: 100M

Net cash as at March 1: -66M

Powerco proceeds of 320M received in early March 2009.


The only shortfall I see is -66M in Feb 2009 but I may have been conservative with my free cash flow figures.