Ann: Full Year Statutory Accounts, page-3

Book value ~$97m. $19m in the bank, only $14m debt. Revenues still growing on a longer-term view. Just need to get margins up to same level as Fy17-Fy21 and we'll be humming. ROE was averaging mid teens, and on current book value would be ~15m npat. Also, deal with Rio should lay a foundation for results this year, hopefully coinciding with cyclical upswing in rail maintenance orders etc.