age nexbis article, page-14

Re FX

There is a sensitivity table shown in the accounts. From memory, it shows impact of movement in rates by x% and the impact on the results.

From this I extrapolated the actual movement in FX rates to come to calculation then of around $10m FX loss (at 30 Sep) to weigh in since the outstanding debtors were not hedged and exposed to FX movements and receipts were in USD etc and not in AUD.


I posted again this week under a new thread with similar comments re FX - the announcement this week effectively confirmed by views raised 2 months ago



Aside, I regularly follow David Symons column, "Carpathia", in the Weekend Business SMH and I think he does a great job. Very credible and well researched commentaries IMO.