cer agrees stabilisation plan with financiers, page-33

Hi Defabstar

Thanks for the headsup. You explain in the posting quite a few questions I had.

Some points:

1. wouldn't the reversal of the impairment charge have to be adjusted for the exchange rate and actually be higher?
2. exchange rate might be headed back to 75c
3. am I correct that the increase in the assets get written back to the P&L
4. in the DPF/DPFI annual report it says about Australian property valuations - although I get your point about Cap rates:

"There is currently a significant amount of retail property on the market in Australia. Potential purchasers
are finding it difficult to raise capital from banks and other financial institutions. This may further negatively
impact on property values. Most of the properties in the DPF portfolio are re-valued every six months. It is
likely that the December 2008 values will generally be lower than June 2008. This may then be reflected
in lower unit prices for the underlying syndicates and funds, which will then be reflected in a lower unit
price for the DPF."


All up it looks healthy. I'll recommend you for the new independant CER PR position.