Originally Posted by
Lizard
Looking at valuation of assets was interesting - MRP assets seem to be re-valued annually and, provided the value increase outstrips depreciation, the accumulated depreciation appears to get written back to zero. CEN, on the other hand, seems to be working off 2004 book values for assets held at that time and at cost thereafter for additions and improvements. If I have read it correctly, it therefore seems that the values placed on CEN assets are likely to be more conservative.