Am I correct in assuming prepaid funeral costs are held in the...

Am I correct in assuming prepaid funeral costs are held in the companys own books or do they have to be held in trust?

$234 million is a lot of money for the company to benefit from isn't it?

Strategic Direction Update - pre paid funerals
(i) Refer Appendix 5 - Year on Year Pre Need Fund Benchmark Comparison
Percentage of 2006 funerals performed previously pre paid 15% (prior year 14%)
Gross returns exclude investment management fees and administration fees (currently 1.9%)
7 years ended 9.0% 7.0 +28%
5 years ended 9.3% 8.7% +7%
3 years ended 14.6% 13.0% +12%
12 months ended 16.6% 14.3% +16% (i)
Gross Returns
Pre Paid Funeral Funds 234.4 220.9 +6%
Movement Notes
%
31 Dec 2005
$’m
30 June 2006
$’m