At 30 June, Shine will have not had any impairments on their...

At 30 June, Shine will have not had any impairments on their accounts for the $32 million interest. But after this judgment, the auditor will have to take out a substantial, if not full, impairment for the interest. It cannot be left as it was. But that will mean that all the damage is done in last FY accounts, which were already going to be bad. It reminds me of January 2016 when Shine bundled all of their bad news and market guidance into one announcement and just took one big hit and then moved on, instead of death by a thousand cuts.