Hints and tips:
...De-Risked receivables: With 25% of the Utilities division debtors written down to zero, a material overhang has been removed....
...Firstly, companies will probably ‘kitchen sink’ their results with write-offs of receivables, unsold inventories and perished products....
...Many banks would have difficulty repaying even a small fraction of their creditors at any one time....
International Edition