Banter and general comments, page-37807

@Fangk There was a lot of what's best called "interesting" entries that occurred in the half year result:
1. The stripping asset was written off through a mixture of depreciation and a write-down. The write-down from $83.2m to zero contributed to a $83m of expenses.
2. Core decided to write down the value of its Mine Properties by $56.1m (what items were not clarified).
3. Core did an impairment of its right of use (leased) assets and small asset plant and equipment of $3.8m
4. Core created an onerous provisions charge of $27.6m (what contracts wasn't clear but it appears to be reporting future year's crushing costs as an expense into the period ending Dec 2023)
5. While the decision to terminate Lucas's contract was made in Feb2024, Core noted an intention to book the $10m expenses into the period ending Dec2023
6. Core decided to derecognise the tax assets it has on its balance sheet creating a $4.9m expense
83.2+56.1+3.8+27.6+10+4.9 = $185.6m

There could well be further aggressive accruing of expenses into the half year but that is harder to confirm. So before these decisions Core had a $18m surplus. Core had $185.6m of various write down's, write-off's and other charges which converted what could have been a surplus into a $167.6m deficit.

There were at least 3 other things Core could have done to improve the result and Core appears to have decided not improve the reported result by doing any of these:
>Placing an inventory value on onsite fines stockpiles
>Allocating part of Grants open pit mining cost as Carlton pre-works (the intention is to use the open pit as a substitute for a box cut)
>Increasing the stripping asset above $83.2m during the period because a justification appears to exist for a higher not lower value at 31 Dec 2023