Good point, but I did not see that in the report. If there is a good franking credit balance you would think they would mention it, so I guess we must assume it is being covered up (not good). I notice that tax was $24.8 million and divs were $27.1 million so that would presumably lead to a reduction in impution credit reserves!
Would be nice if management were open and honest about these things.
Ann: AEG: Scheme Consideration Update - Exchange Ratio, page-5
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