Valuation, page-5

@adamjp - not that it answers the question in it's entirety, but it's worth noting that your numbers won't ever balance because the "Consolidated" column (presumably the UOS 2013 report) has Cash and Cash Equivalents figure which includes Short-Term Investments and Short-Term Bank Deposits (see note 10 of the 2013 report); yet, there is another entry for each of these (as a result of B-C), effectively doubling up.

Furthermore, as you'll see on page 33 of the UOS 2013 Annual report (titled "Corporate Structure as at 31.12.2013"), there are other subsidiaries of UOS that do not fall within UOADEV and UOAREIT. While the parent company itself may not hold the assets, other subsidiaries not included in your analysis might hold these.


As a side note, great to see people properly analysing accounts, rather than the usual speculative nonsense.