bbipl will not go into administration, page-3

2nd interesting comment in the ann:

Only significant asset is :
"approximately $1.5 million in cash held in a dividend account. These monies would be available to an administrator or liquidator to pay their fees, and, subject to that, would be distributable among the unsubordinated creditors ofBNB, whose claims are expected to exceed this amount. If BNB is placed into administration/liquidation, a formal process for the identification of any creditors of BNB will commence. Any creditor claims which are substantiated during this process and which are not subordinated will rank ahead of the Notes and will be repaid in full before
there is any return to Noteholders. No amount is expected to be returned to Noteholders."

So how the heck are the management getting paid if they only have $1.5mill cash?