why CYM is a Billion $ company in the making, page-2660

To put my statement above into perspective for CYM

And any accountants please correct me if my explanation is misleading.

We borrow $250m for the restart, we would normally have to make a profit after tax of $250m to repay that i.e. $357m before tax profit.
Since CYM have written down losses to the tune of $181m they can make a profit of $181m, offset the written down losses, and repay the debt without paying the 30% tax, that is a benefit of $77m to CYM's cash flow before having to pay tax (258-181=77m)

I am happy for accountants to correct me if i am wrong.

ps this loss could also be used to offset capital gains on the balance sheet too