The Pitkin settlement was accrued into last years P&L. It was shown in Other expenses, $9.6m for the legal settlement so shouldn't affect the half ending 31st Dec.
The one thing I'm struggling to come up with an appropriate calculation for is the NPV of the deferred settlement for the Bauna purchase. Ie. I assume they use forecast oil prices for all future years. Using a discount rate of 10%, I get an NPV of $141m (assuming all years payout the maximum) and they currently have $71m provided for in the balance sheet so if they need to provide the total NPV, then it could be a $70m hit to the P&L this half. It will be a one off but still impacts NPAT for the half.
Excluding any changes to the deferred consideration, my calcs show a PBT of about $50m (I haven't looked at any tax losses we can use so haven't gone down to NPAT), with EBITDA of $118m for the half.
Big Oil on corse for near record $53bn in share buybacks.(AFR), page-7
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