Where are you getting your numbers from? Page 22 of the half...

Where are you getting your numbers from?
Page 22 of the half yearly report is showing liabilities of $8.29B
Refarming the 850mhz frequency is a good thing.
They haven't paid the ACMA for the 700MHz spectrum yet... More cash burn...
ARPU is down significantly showing competitive nature of the market and it is getting worse, so ARPU will continue to hurt especially as old contracts expire.
This year is a big apple year with the iPhone 7 release. But good contract volumes done two years ago on higher plans will be expiring. Handset subsidies, and a significant portion of their base will be recontracted on lower plans. This is going to hurt ARPU..
Postpaid Growth was seen in both MVNO and in the Vodafone name. But more growth was seen in the MVNO as a percentage. It's still making a loss and probably will for the next 6 months too..
They haven't started reselling NBN products yet. Maybe they should be...