On page 49 under heading Gross profit near the top of the page for FY12 shows "change in value of resident loans $86.7M"
The note 10 for the $ 86.7M shows that this is due to a change in value of loans that are owed to residents by FKP. In this case it looks like a drop in the valuation of the residents units has meant the loan repayment has become less . So while it is booked as a credit for FKP it is not actual extra money in the till from operations and I doubt it could be counted on for FY13.
FKP Price at posting:
$1.44 Sentiment: None Disclosure: Held
