http://nzx-prod-s7fsd7f98s.s3-websit...505/292570.pdf
Note 10 is interesting. Bank has ostensibly removed the vast majority of their headroom with their lending facilities. Massive vote of severely diminished confidence !
Intangible assets were subject to impairment of just over $30m but still stand at $173.7m as at 30/9/2018 down from $207m as at 31/3/18.
Just the very start of the impairment write-down process in my opinion.
Confession: I am a very bad dog and like watching slow motion commercial train wrecks, (because they teach us so much about what NOT to do in business).