Extended season - Where High Art meets High Finance
http://www.sharetrader.co.nz/attachm...achmentid=5926
Quote:
Originally Posted by
Snoopy
Good piece of graphic work there PT.
I know. It is hard to believe that I am not a professional graphic designer.
Quote:
Originally Posted by
Snoopy
So perhaps it is appropriate if I express my bad debt question of post 3496 in 'graphical form'.
From page 16 under Note 11 on 'finance receivables', in the latest Heartland Interim report dated 31st December 2013:
> 90 days past due $19.518m
Impaired $53.100m
Restructired $3.994m
Add those three together $76.612m
Going back to PTs diagram, this $76.612m manifests itself as an area taken up by the 'bush green' and 'ocean blue' lower section.
So far this is correct.
Quote:
Originally Posted by
Snoopy
The 'non core property' bit is the 'ocean blue' bottom RH corner.
No, this is where your beliefs are leading you astray.
The non-core property is the complete right hand sky blue + ocean blue column.
Quote:
Originally Posted by
Snoopy
From page 5 of the latest Heartland Interim report dated 31st December 2013, under the heading "non-core property"
"As at this date (31-12-2013) non-core property assets comprised net receivables of $25.6m and investment properties of $61.5m."
That adds up to $87.1m, and that number should manifest itself as the area of the ocean blue section.
Again, this is the entire right hand multi hue blue column.
Non core just means that they do not see these property assets as part of the business long-term.
Some of them are more that 90 days behind, impaired or restructured,
BUT not all of them.
Quote:
Originally Posted by
Snoopy
The problem is $87.1m actually corresponds to an equal to the whole of the 'bush green' and 'ocean blue' area and not only that, it also
intrudes into the 'lime green' and 'sky blue' areas as well.
So nearly finally, for the third and final time:
The $87.1M is the right hand blue column (actually I thought it was grey - must be colour blind)
The bush green + ocean grey/blue row is the $76.6M of '>90 days past due OR impaired OR restructed assets'.
Some of which are from the non core portfolio assets and some of which are from the other loans.
Quote:
Originally Posted by
Snoopy
IOW the ocean blue 'block of debt' is too big, and won't fit into PTs carefully drawn diagram as he has drawn it.
SNOOPY
The graphic is 'just perfect'.
Best Wishes
Paper Tiger