take over?, page-8

Correct, not good in real term numbers, but better for accounting purposes of mark to market losses. One of those silly accounting rules which I don't understand. The hedges are out of the money or something along those lines. Who knows, I just remember the report stating that since the decline of the AUD the hedges were out of the money and thus they had to show a loss.

Yep now i am dribbling lol