Oh yes, as CNP and CER have already marked to market and taken that big hit, now they will be required to remark under the revised longer term rules and may well be marking UP their assets? This will result in a contra entry to the balance sheets which will positively impact stated earnings and reduce the official gearing ratio.
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- re pg22 of todays austrlian
re pg22 of todays austrlian, page-67
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