Mbramich,I managed to download your figuresand have just one...

Mbramich,

I managed to download your figuresand have just one query.

At the moment Nido is claiming back development costs from the Galoc revenue which is US$70 for every US$100 income from production. So the 40/60 split of profit between the companies and the Phillipines Government at the moment is very small. However once the development costs have been recouped then that US$70 per US$100 income then becomes profit and is split 40/60 as above.

We therefore have two different financial scenarios. One whilst development costs are being recouped and one once that process has been completed.

I was just wondering how you have accounted for this in your calculations.

Cheers
pleb