To put it more simply, the intangible assets is the unamortised value of all the acquisitions HLF has made over the years, $49m. The total MC less debt of HLF is about $26m. So you can be certain of one thing, the intangible assets aren't worth $49m, not even half that.
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-78
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