Ann: Full Year Statutory Accounts , page-8

Great post HTG,
Another point I think people forget is that it is not normal debt to a bank,
It is borrowings from the Chinese majority holders who are essentially subsidizing growth for this company,
Profits will come,
I think that people are sceptic of these companies after what happened in the mess of OZL during the GFC but the ASX and ASIC should provide some certainty to investors that they aren't going to be ripped off.