26.6 billion assets , page-6

Finch,
Clue 1. FUM i.e. 26B not all theirs when calculating their assets.
Clue 2. Remember split between Aust/US assets.
Clue 3. Look at what is valued as an asset i.e. Service Business (need to determine real value banks would consider fair lending value)
Clue 4. Some excellent articles written in Business spectator on break up of assets (Robert G)
Clue 5 Check out CER report & other presentations by CNP.
Clue 6 Don't accept at face value NTA & remember how it is calculated (so check out liabilities on balance & identify which ones belong to them & which ones are associated with managed funds.
Clue 7. Start constructing a spreadsheet & create different scenarios for assets i.e. Aust -5%, US -5%, -10%, -15% etc & also revalue service business asset.
Clue 8. Check out cashflow statement & identify impact of interest changes.
It may not be possible to get all the facts but it is at least worthwhile researching to have a good understanding of the risk versus reward situation in CNP.
At least then you know the risks better than most.
Regards
Buffett
PS I will not post answers to clues for lazy posters wanting all the answers. Remember there is no one answer for all the clues but most people who are doing the correct calculations will arrive at fairly similiar conclusions on CNP.