Ann: Quarterly Activities Report and Appendix 4C, page-8

From where do you derive that figure of $1.86m? Are you simply assuming they can get 0.25% on the current Trust Account balance (client funds) and multiplying the current balance by 0.25% Are we sure that's valid? I looked in the update for any revenue on the client cash balance but couldn't see it.

I presumed the $9K interest in the quarter was simply from their own cash balance.