It is absolutely a true and fair view.It is just a matter of...

It is absolutely a true and fair view.
It is just a matter of understanding what you're reading.
The accountants & auditors are required to apply the accounting standards, which are aligned to the international accounting standards and are not aligned to the operation of the Australian tax law or to Australian contract law.
The differences between those concepts is what gives rise to many misalignments between the accounting and taxation treatment for many businesses.
For example, if SPX was to sell the Appstab business today for $30m (this is just an illustrative example and not an opinion of the value of Appstab), SPX would make a capital gain of $24.225m (which is taxable income), but would make an accounting loss of $25.4m

Funny you through the cognitive bias line at me when you refuse to acknowledge the value of the deal when it was agreed and announced...