"An administrator was appointed for Pasminco Ltd on 19 September 2001. The company is not currently being liquidated, but there is a deed of company arrangement. On 31 March 2005, the administrator of Pasminco made a declaration in writing that they have reasonable grounds to believe there is no likelihood shareholders will receive any further distribution from their shares. Effect of a written declaration by an administrator The administrator’s declaration on 31 March 2005 meant shareholders could claim a capital loss in their 2004-05 tax return."