Agree its a pretty disappointing dividend?NPAT - US$187.6m - up...

Agree its a pretty disappointing dividend?

• NPAT - US$187.6m - up 28%
• NPAT excluding significant items US$226 - up 54%
• Net receipts from AWAC US$193.5m - up 6% (note some payments received in Jan excluded)
• Free cash flow available for dividends - US$146.5m - down 6%
• Ful year dividend - US2.8c down 3%

Now seeing as though AWC don't actually do anything, can anyone shed light on why the cash available for dividends has reduced when NPAT and AWAC payments have increased? Is this due to the increased sustaining and growth capex requried for 22?