FINANCE

Our balance sheet remains in good shape. The ratio of net debt to equity at 30 June 2007 was 143.6 per cent. Excluding the borrowings of $2.1 billion to fund the shareholding in Coles, the ratio would be 83.5 per cent. Our cash interest cover is a healthy 8.7 times or 10.6 times with borrowings associated with the Coles acquisition excluded.