Ann: New Broker Remuneration Structure And Guidance, page-4

This new program will be offered to franchisees on an opt-in basis from August next month,.... we',, see the take-up rate by end-August.

The extract below :-

Mortgage Choice expects its cash NPAT for FY2018 to be between $23.2m and $23.4m after
accounting for one‐off costs associated with redundancies and the change in CEO. As a result of the
changes being introduced, there will be a one‐off, non‐cash negative adjustment of approximately
$30m to IFRS NPAT for FY2018 to reflect the higher level of franchisee share of future trail revenue.

The Company’ full audited results will be released to the market on 21 August 2018.

Assuming settlements at the same level as FY2018 and taking into account the new remuneration
model and operational changes being introduced across the business, Mortgage Choice expects​

FY2019 cash and IFRS NPAT to be approximately $16.5m.

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Am I seeing a drop in the cash NPAT for the next financial year because of the new remuneration program ?