STO 1.36% $7.06 santos limited

STO - Brave new world, page-205

  1. 787 Posts.
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    From FY 2021 results (ASX release 16/2/2022)
    "The final dividend is franked to 70 per cent and substantially distributes the company’s
    remaining franking credits to shareholders. Based on the company’s carry-forward tax losses,
    Santos does not expect to generate franking credits for the next several years"
    Am I correct in that all "carry-forward tax losses" must be zero before franking credits can be generated ?
 
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