do the numbers stack up, page-4

bodo288,

This is why everyone is reluctant to crunch the numbers on this forum.
EBIT is already calculated after DA, so you add it back if you want to work back towards a cashflow estimate.

my operating cashflow is calculated with the exclusion of any interest charges. This figure gives a a better indication of the cash generation ability of the business. I don't think the debt is that much of a problem, except in that the company can't pay dividends until it satifies the banks.

I have excluded all non-recurring costs which I agree are going to substantial but they are not relevant to my analysis.