They are in a very comfortable position financially for funding over the next 2 years. Its explained well on slide 9 of the presentation. Basically they are covered to fund the ENC, bonds, debt servicing, divys and corporate costs by current cash, interest on cash, BNI loan facility and bond refinancing. All they need from operating cash flow over the next 8 quarters is 552m. They just announced 120m from September quarter so they will have no problems reaching that target over the next 2 years from operating cash flows.
They even stated if quarterly cash flows remain strong, there is no reason why the divy cant increase.
NIC - General discussion, page-474
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