Total written back amount of inventories (assuming $70m)x (100%-Ancherage's stake in DSH after IPO).
IMO,Ancherage inflated the inventories,if Ancherage wrote back the amount written off by Woolworths,and Ancherage damaged DSH to the rest of its stake.
Thus Ancherage should return the above amount damaged to DSH when IPO.
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- Senate Inquiry into collapse of listed retailers
Senate Inquiry into collapse of listed retailers, page-24
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