Sino Agro Food Inc (fka SIAF)

[The Swede]

Well, yes, kind of, but none of the assets of the abattoir is valued based on the business they are in right? Most of the time when a write of takes place it's because the assets has become quite useless for reason or it was valued based on market value to begin with or you are balancing the sheets in merger or similar. The abattoir is not booked as "the business slaughtering", it's some land, buildings, machines etc and it all still has value that and is devalued over time based on depreciation accounting anyway.