Mali offline compiler - L/S cycles meaning

Hi, 

It's slightly unclear to me what the L/S cycles reported refer to. Since malioc is not taking into account memory-latency, etc.. are those cycles just related with the number of instructions issued to fetch attribute data and store the pre-interpolated varying results?

e.g. 

                               A      LS       T    Bound
Total instruction cycles:   20.60   35.00    0.00       LS
Shortest path cycles:       16.60   29.00    0.00       LS
Longest path cycles:          N/A     N/A     N/A      N/A

Cheers