FY16 results - My thoughts on OCF, non-recurring expenses and debt, page-9

Future profits also have to be set off against past losses

of 1 billion plus and there is bank loan to be amortized.

So looks like no tax on any profit for coming 5-8 years .

They can still pay dividend though when term loan goes to below 600

and EBITDAW goes to 200 million bringing it to desired ratios.

We dont know the outcome of NIHL. If that turns a dime as per

Mels calculations we can expect dividend still for fincl yr 2018.