What do you make of Amaysim response?, page-65

How do you work that out?

Their reported gross profit per customer is average $8.01/month.

On a different topic, I wonder if some debt is on the cards.

For 1H16 they reported $690k of operating cashflow but claim that it was impacted to the tune of $9m by early payment of suppliers to make use of discounts.

So let's assume their half yearly cashflow is ~$9.5m pre-Vaya.

They need to pay Vaya's vendors $5m, plus $11m in Feb 16 to Optus for Vaya's debts, and $39m in 23 monthly instalments thereafter.

So for 2H16:
+ $11.6m in the bank at 31 December
+ $9.5m in operating cash (plus some contribution from Vaya)
- $5m payment to Vaya vendors
- $11m to Optus for Vaya debt
- $6.8m (4 x $39m/23 monthly instalments to Optus for Vaya debt)
- $5.3m dividends (3c/share dividend declared today)

Total of -$7m.

It's hard to imagine that Vaya could make up that shortfall given that Amaysim is 5x larger customer wise.

Can someone figure out where I've miscalculated?