BTW - I looked at last years accounts filed at the Companies Office (still waiting for this years). The Goodwill changes were recorded on the income statement - which is good news for the use of the write down to offset tax, in my view.
Invessi, you point out the insurance product diversification ...
This is important news ... to me it speaks of a a company willing to invest in the NZ financial services sector and to innovate (cf the recent Residental Mortgage Backed Securities issue). I think your point about other companies retreating from the market also applies to a wider set of financial services. If they can sort the capitalisation issues - the future should be very bright.Originally Posted by Invessi
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