There is one key paragraph in the report (re ETR effective tax rate) and it concludes as follows:
"Accordingly, our FY20 Group ETR is expected to be in a range between 100% and 125% (excluding EAI)."
It is the inverse of that ETR that is the key - that is, the profit. Tax (across all jurisdictions) will be greater than or equal to profit, so NPAT approx zero!!!
At least the tax will mean that S32 franking credit balance will increase.
So a div (if any ) should be FF.
Ann: Quarterly Report June 2020, page-6
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