Final Dividend likely to be what ?, page-52

no

it is 30% of the total fcf

therfore it is on the total free cash (this talk about calculating on the second half results is rubbish )

you start with the available cash on hand 3388M

deduct the tax they owe ( 9 months profit from july to mar - they said tin the webcast hey have been paying monthly tax from april and will pay the 9 months in Dec 23 ) would say around 800M

deduct capital commitments for various projects - no idea say 500M

leaves fcf around 2000 / 3000 approx shares = 20 cents dividend

the problem is will this be fully franked as they would not have paid the 9 months approx 800 m tax owing before paying the dividend