Celica, I could be wrong, however, hadn't BNB started writing down the value of some of these assets in the previous 6 months in Feb's report?
As I aid, I could be wrong, but I thought these writedowns have occurred.
The thing saving MQG was that they had the assets valued at very low book levels in their accounts which is why they were able to adsorb some of the writedowns on infrastructure.
BNB
babcock & brown limited
