Ann: Appendix 4E & Financial Statements Year Ended 30 June 2014, page-6

NPAT was all 2H but that was due almost entirely to GO sales, so core biz breakeven and upside from GO. Also still not sure of the impact of the ending of the SatPhone subsidy, though management have indicated they have not seen a significant impact as yet, so its likely to be minimal. Growth in the new ventures is encouraging but not yet to scale. Agree that GO seems to be well marketed so far.