Q1.

a) The Commonwealth Bank of Australia (CBA) recently announced a cash net profit from continuing operations for the 2020 Financial Year of $7.3 billion. What is Commonwealths dividend policy, and what was the total dividend paid to shareholders in 2019/20?

b) Fortescue Metals Group (FMG) reported a 49 percent increase in full-year net profit in FY2020. How much was this profit and what explained the increase in profit of 49%?

c) What was Mineral Resources Limiteds (MIN) EBITDA for the last financial year, ie, FY20, and what is meant by EBITDA?