I have a question - how do I specifically calculate look through gearing? From searching I have found that it is adjusted liabilities over adjusted assets. However, how do I actually calculate "adjusted" assets?
Specifically I'm looking at CNP. In the last result presentation they give 73.9% as their look through gearing:
(see page 27)
I want to know how they arrived at that number - ie the calculations used to get there.
Thanks to anyone who knows. If not, I may have to contact them.