202 - I think the FX will become a translation issue (profit translation of foreign currencies): given that the AUD/USD is rising, USD net profits are actually worth less, in local/book terms, when uncovered. Definately a dent in the bottom line, but not sure of the extent (I guess the upside here is we are still using the term "profits"!).
As for Onetel comparison: different kettle of fish (that was an interco transfer problem).
Kit
what am i missing, page-14
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