>Does that fact that BNB has negative equity necessarily imply that BBIPL has negative equity?
BBIPL is equity accounted. Given, as correctly pointed out, that BNB owns almost 100% of BBIPL - there are minimal minorities recorded in the accounts.
What you see in the BNB annual and half year is the equity accounting of BBIPL.
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>Does that fact that BNB has negative equity necessarily imply...
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