What's your FCF formula? I'm looking it from a P&L Point of...

What's your FCF formula?
I'm looking it from a P&L Point of view, using depreciation as GXY recognises depreciation charges.

Is my math correct ?? FY17 base on P&L report; estimated for Q12018

	Column 1	Column 2	Column 3	Column 4
1		FY17		Q12018 estimated
2		000		000
3	Revenue	125,603		48,992
4	Cost of sales	92,078		41,226
5	Salaries/Corporate	11,190		2,798
6	Other	885		221
7	sharebaseExpense	12,017		Assume no sharepayments to management
8
9
10	DMT Sold	113,467		44,258
11
12	Revenue/DMT	1.106956208		1.106956208
13	Cost of sales/DMT (including depreciation)	0.811495853		0.931495853
14	Fixcost (salaries/corporate+other)	12075		3018.75
15	Management Expense	12017		Assume no sharepayments to management
16
17	Gross Profit (before finance cost)	XXX		4,747

No Finance cost as there's no debt in Q1FY18. Not sure if there are any other costs that I haven't thought off.

Salaries/corporate are fix cost (eg: salaries, rent, computers, etc). Did not add inflation of 2% on top. Simply divided FY17 by 4.

Same with "other" expense (divided by 4); no inflation taken into account.

Key thing now is whether there will be sharebaseexpense or not... if yes; how much?