Matt Kean demanding WA provide gas at a discounted price to the east coast., page-52

Evening moorookamick (you need an easier name to spell by the way)

I agree that a nil value is self declared. However as there is no tax advantage to write off the carrying value of an asset, why would they do it? From time to time a new CEO will take a write off to clear the decks so that they can show thier brilliance in future years - but usually the hit is taken because the auditor won’t accept the carrying value when conditions deteriorate from when FID was taken.

Have a look at Woodside’s returns for the past say 10 years and let me know where all of the excess profits have been. The pollies are grasping at straws here looking for the devil.

Lethalba