Ann: FY19 Annual Report (with App 4E), page-43

That's the problem with asking accountants to prepare numbers by making assumptions about the future. Analysts don't know, people on HC don't know, management don't know and accountants don't know.

If you look at the transition adjustment it is actually pretty small compared to the carrying value - under 0.5%. The current year result looks to have been hit by costs as much as/more than anything. On the effective interest rate this has jumped a lot in the current year (from 1 July) and is potentially suggestive of a few things, cheaper prices paid (as referenced in the notes), timing, potentially increased purchase costs.....

DYOR