steady on there a bit longhair.
What I am saying is that the half year accounts for BNB were a very technical accounting document. I would not (with respect) expect too many posters to have that sort of expertise to get right into it. It requires years and even decades of intensive accounting training (which I have) to understand it all top to bottom. It took me several days to analyse it all and get my head around it.
As for the wind assets, well your comments there could indeed turn out to be correct, but until they have sold these assets and disclosed the figures to the marketplace, we will simply have to wait and see.
I wouldn't tell a doctor what pills to prescribe. I wouldn't dream of telling a mechanic how to fix my car. But I will tell you it takes an accounting expert to analyse those BNB accounts.
here's a question for you..........
Do you know the accounting difference between a satellite company and an associate company and a subsidary company?
How do these differences affect the consolidation of the parent company's books?
How do these differences specifcally help or worsen the BNB situation?
Looking forward to your reply. We may all learn something............
BNB
babcock & brown limited
