The following is an edited extract from page 65 of the last...

The following is an edited extract from page 65 of the last annual report: 

NOTE 25: DIVIDENDSCONSOLIDATED ENTITY2018$’0002017$’000

Balance of franking account at period end adjusted for franking credits arising from paymentof provision for income tax and dividends recognised as receivables, franking debitsarising from payment of proposed dividends and any credits that may be prevented fromdistribution in subsequent periods based on a tax rate of 30% $49,339 (previous year 47,349)

That $49 million divides to $1.68 per issued share and I believe is not included in Net Tangible Assets.

Someone correct me if I am wrong, but I believe unused franking credits accumulate when a company pays tax on profits each year, but can only attach credits to dividends paid.

Can someone help with advice on how these unused credits can be reclaimed in the future?