Debt:
30 June 2010 - 25m
30 June 2011 - 19m
As I understand it, $6m of the $19m is interest free.
Finance costs for the FY were $1.3m, this should be less in the coming year. If they can repay the $13m of interest bearing debt then the finance costs would be nill, then the remaining $6m has to be paid off before 9 years and 9 months.
EBIT was stable at ~$8m. The debt should continue to come down quickly.
Ann: Preliminary Final Report , page-2
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