EBITDATo contrarian333. I know that EBITDA is before tax, but my comment was about Ennieandbert figures of EBITDA of $324mn (which is before interest and tax) to which he added US57mn Co Div which is a distribution after tax by MOA to get an amount of $C400mn. The $C400mn refers to what? If it Is referring to available cash to S, than it is wrong because you must substract interest and taxes from the $324mn EBITDA. If it is referring to EBITDA, then it is wrong again as the distribution from MOA is not EBITDA.