After all the posturing by the big brokers about $3bn of...

After all the posturing by the big brokers about $3bn of writedowns after reserve recalculations, the actual figure was $47 mill....how can high paid bankers get it quite so wrong?
free cashflow was actually positive if you take out one offs:
"the reversal of favourable working capital balances at 30 June 2013 (approximately A$200 million) and the tax payment relating to the voluntary amendment to research and development claims claims (approximately A$70 million)"