Quote:
Originally Posted by bobthebilda
Holdens figures never make sense. At the end of 2008 they were apparantly in trouble as they had no net assets. Yet since then they have been able to run a nett loss of approx. $900 million, and a fair chunk of that has been write downs. I aint no accountant, but how far below $0 can you write down an asset.
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I think you will find its a paper loss. Get an accountant to explain it. They are writing down their asset register before closure. Cant show any profits if your trying to shut down.