Examination of Witnesses (Questions 560
- 562)
TUESDAY 8 DECEMBER 2009
RT HON
STEPHEN TIMMS
MP AND SARAH
MCCARTHY-FRY
MP
Q560 John Thurso:
Presumably that means you will be showing the acquisition costs
in the balance sheet rather than consolidating it so you have
a cost. Will you mark that to market and show it?
Sarah McCarthy Fry: Yes, it will
be marked to market.
Q561 John Thurso:
So how will you account for the loss?
Sarah McCarthy Fry: That is a
very good question.
Q562 John Thurso:
Will you run that through the P&L or other resource account
as a resource expended?
Sarah McCarthy Fry: I will have
to go back to the technical experts and ask them about that one.[14]
Chairman: That is fair enough. You have
offered us a number of notes this morning. We will need those
by Christmas, please, because we have to report on all of this
in the new year. In the meantime, thank you very much for your
attendance today.
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