statsman,BNB are planning to flog everything to repay the debt...

statsman,

BNB are planning to flog everything to repay the debt so they reclassified all the assets from long term (where you can account on purchase price) to short term (available for sale) where they had to remark to a realistic price which unfortunately is a lot lower. No actual cash changed hands, just the carrying value of their assets dropped a bunc. Kind of makes you wonder what other coprorate balance sheet are really like.....