Ann: Half Yearly Report and Accounts, page-3

It appears that BLR management has determined that the Hansen/Taylor Ranch project is impaired and has consequently taken an impairment loss, writing down the asset by $10.4 million (before currency translation gain). At June 30, the carrying value of the project was $19.9 million.

But it appears that the reason for the loss was not explained, as required by AASB 136 - Impairment of Assets, promulgated by the Australian Accounting Standards Board:

An entity shall disclose the following for each material impairment loss recognised or reversed during the period for an individual asset, including goodwill, or a cash-generating unit:
(a) the events and circumstances that led to the recognition or reversal of the impairment loss;
(b) the amount of the impairment loss recognised or reversed

If I missed the disclosure, please correct me.