Thanks for the tip on the Treasury shares. That knocks 2.5% off...

Thanks for the tip on the Treasury shares. That knocks 2.5% off everything
And, you found an issue caused by a bug in my spreadsheet. I had over-spent $16m on unfinished projects. That gives us a 3% boost

Here's an amended set of estimates...

	Investment Properties	20.3
1	Undeveloped land being sold	169.9
2	Current value of under construction	309.0
3	Property in 2021 report	499.2
4	Still to spend to finish projects	310.6
5	Total spend on properties	809.8
6
7	Profit on future sales	201.1
8	2.5 years of admin	-40.0
9	Carried forward capital loss	-27.0
10	Tax to pay on future profit	40.2
11
12	Franking credits now	74.4
13	Credits after future tax	114.6
14
15	Flow to shareholders:
16	Sale of undeveloped land	223.9
17	Sale of Homes, retail, investments	786.1
18	Franking credits	114.6
19	less
20	Spend to complete	310.6
21	Admin	40.0
22	Debt	168.9
23	Other net liabilities	45.7
24	Future Tax	40.2
25	Net ($m)	519.2
26	per share divs	$2.96
27	per share credits	$0.84

Please keep in mind I've just pieced this together from many (often conflicting) reports and announcements. I may have made incorrect assumptions or just added stuff up incorrectly. Do your own research.