Ann: FY2024 Appendix 4E and Statutory Financials, page-4

Hi ThinkinLoudly

Thanks for your analysis of the accounts.

I am thinking bringing forward impairments, depreciation, amortiziation, capitalized expendure along with conservative forecasts may well be for the purpose of paying zero to little tax now to enhance the "rapid cash build", which they have stated is amongst their current focus.
Even the current LOM could be playing into their hands now by being a satisfactory reason with the ATO to bring forward deductable expenditures.

Remember PK is an accountant by trade and was CFO of MGX before being CEO and no doubt knows how to best maximise the financial benefit to the greatest advantage, for the overall benefit of the company and thus the shareholders.

It may well delay the company having imputation credits to pay dividends but puts the company in a better current bargaining position for an aquisition.