ATO ruling on demerger, page-2

Just for exercise, hope it helps,

Per ATO Ruling, here's cost base exercise for fun,

On record date, FFX share price was $1.115, shared cost base for LLL shares is 92c/share.
If you bought at 95c, then shared cost base for LLL shares is 79c; then if you haven't sold any FFX shares, to break even, LLL share price needs to be $1.05.




Every shareholder bought at different price prior the demerger, so cost bases varied,

Here's rough calculation,

1		New cost base	New cost base
2	FFX purchase price	FFX	LLL
3	50c	$0.20	$0.41
4	60c	$0.25	$0.50
5	70c	$0.29	$0.58
6	80c	$0.33	$0.66
7	90c	$0.37	$0.74
8	95c	$0.39	$0.79
9	$1.00	$0.41	$0.83
10	$1.115	$0.46	$0.92