The movement in the net debt position reflects the cash generated by operations, investment activities, payments to governments, interest and dividends. It depends on the:
Target: In 2007/08, for movement in net debt to increase by $70 million to $110 million. For 2008/09, net debt is anticipated to increase between $40 million and $80 million, subject to the general economic uncertainties. The expected reduced cash outflow reflects the planned slower rate of US space growth and lower tax payments.
Definition: Movement in net debt excluding exchange adjustments and changes in equity.
Performance: The cash outflow in 2007/08 of $120.6 million was above target due to the sales performance in the fourth quarter.
*53 week year