re: Ann: Change of Accounting Basis and Net A... Using the wind up basis of accounting and the draft valuations, APN expects the AEZ Group?s 31 December 2010 net tangible assets position to be materially lower than as at 30 June 2010. How much lower that is what i want to know . I might pull this out of the bottom draw and bury it in the back yard and see if any green shoots appear. :(