Dropside,
The losses you refer to are accounting losses. When the company was restructured the tax losses associated with the 125m would have "disappeared" (more accurately disallowed due to the continuity of ownership test and same business test). So I might have been a bit conservative but not by much.
Also the impairment of $6.5m in the last half year won't give rise to a deduction.
In any event, tax paid = franking credits.
Best,
BSP
Dropside,The losses you refer to are accounting losses. When the...
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