Not an easy read on the income and provisioning side placing all this in narrative while showing the expense side in a table making the expenses a doddle to read, but not the income/provisioning.
Best of all is the reference to 'Prior period reserve strengthening of $81 million', which is double speak for under-provisioning the previous year generating a charge in the current year for last year's under-provision.
IAG Price at posting:
$4.91 Sentiment: None Disclosure: Not Held
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