heading in the wrong direction, page-6

Oopeek,

Your reference to "difference to expected operation cashflow -14.6" is actually a number that relates to the 2009 operating cashflow reconciliation to EBITDA and is not a forecast for 2010.

"but overall EBITDA will be lower" - I took to mean lower than forecast, rather than lower than last year, although a probably works out a smidge lower since forecast was for +10% (and now reduce by 10%).

Interest cost should be well down on last year, so overall NPBT and cashflow should still be higher (can't quite remember where they sat on tax rate last year though - will have to check)

They have said since last FY result that cashflow this year will be weighted to second half as per last year.