So, please don't shoot me for this potentially very stupid question/analysis:
Firstly, I took into account that we don't 'pay' anyone this money (except the awarded $35m), we just don't 'earn' it anymore. But then that got me thinking, how can they then claim 'no change' to the $1.1B as documented.
So... I had to do a bit of
digging around and I interpret that as stated, there is no change to the $1.15B we've actually pocketed (am I reading that right?). What CIM was trying to get was the remainder of the agreed $1.86B plus damages. Instead, it only got $78m (-$35m out the door).
Now the $675m which is ostensibly plucked out of the door and labeled 'existing provisions'.
The closest I could get (stay with me here) was:
$1.86B expected - $1.15B delivered = $710m outstanding
$710m - $78m awarded = $632m
$632m + $38m as settlement = $670m
Considering most of the amounts are proceeded with (estimate/approximate) this might be our agenda. So, if all this actually makes sense. My take-home message is, we've only really 'lost' (haven't
paid technically, or been fined - we're just not getting it) that $670m.
Or is this just 1hr's sleep post night shift delirium making me see things that aren't so?
