Quite correct, it's only worth the value of its future cash flows, which going on the current outlook for works in Gladstone is very low. It might have been a good investment 3 years ago, right now it would be worth next to nothing, a liability in fact if minimum occupancy cannot be achieved.
It will be interesting to see how they account for it in their FY report.
Ann: Decmil Awarded $57M of Defence Contracts, page-7
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