Ann: Annual Report to shareholders, page-10

Yeah, the options throw things out a little, and now the accounting changes. All sounds pretty good though and that we are fairly safe down here at these levels.

You mean 18m as the interest payments on the bonds that will just convert to equity and not need to be paid back?

If they still have demand for that cash no longer being paid in interest that's a lot that can be put into the loan book on top of normal profits. Easily see how they could plough a couple hundred million into the loan book over the next few years without even any funding. Happy days.