Very entertaining boys and girls. The numbers suggest to me that...

Very entertaining boys and girls. The numbers suggest to me that they were initially working on around $53m of losses from the $817m book owing at 30 June. That has ended up being $34m as they have been able to collect most of it by now. You can double check by using the $11bn Fy sales figures. A good outcome but it does concern me that they did not have a good handle on this number until well after the end of year. Either that or they were concerned at 30 June that conditions were deteriorating. Will see what they say next week.