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Ann: Presentation - FY18 Results, page-13

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  1. 475 Posts.
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    From the annual financial report: "the operating cash flows were used to fund capital expenditure at Kwale Operations and Toliara Sands Project, as well as debt servicing and repayment".

    These are significant numbers which will be much lower in FY2019 (with the exception of Toliara capex).
    - US$31.2 million capex for Kwale Operations (a one off expensiture);
    - US$1.6 million capex for Toliara (this will be higher in FY19)
    - US$18.5 million financing expenses (this will be much lower in FY18)
 
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