adminJohn Guscic
MD & Executive Director
Thank you, Darcy, and thank you for joining us today. I want to start by saying I went to bed on Thursday night as the market was about to open with a view that we just signed off on a straightforward nonmarket-sensitive ASX release to keep the market appropriately informed. When I woke up the next morning, having effectively swept through the entire Australian trading day, I’d imagine my surprise when I looked at the share price.
Based on the share price reaction, the market had obviously drawn a much broader and inaccurate conclusion about the content of the release than we could have ever anticipated. It would appear the assumption is we are facing an existential crisis, and thus, the reason for this call. So let me be very clear at the outset. Nothing has changed in the fundamentals of this business. Whilst we normally wouldn’t comment on current or future performance until our full year results in May, given this unprecedented situation, I will use this opportunity to cover both later in the call.
But before I discuss trading, I want to explain in detail the context of the release regarding the tax audit of our Spanish subsidiary. Firstly, we have been audited before, and we will be audited again in the future. That is
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