Ann: Impairment Of Deferred Tax Assets, page-5

if you look at the latest NTA report, the main figure to be concerned with was more the 3rd line. I think that rose from 1.05 to 1.07. Previously they had already noted that value in terms of the deferred tax asset, was something that was unlikely to be realised by shareholders.

As to whether shareholders can get this 1.07. Well you still have to take note of other costs such as breaking the IMA, exiting unlisted fund, and of course who knows how the fund performance goes in the meantime.

hope that basically covers it. If I keep going I will just end up writing the whole booklet that was released to the ASX explaining it