Footnote in its 2011 financial statements last week

In a footnote in its 2011 financial statements last week, DIFCI said it sold one of its discontinued businesses held-for-sale afterwards the financial year ended to a 'related party.' It did not name the business.

The magnitude of impairment

"This sale could only be of SmartStream given the magnitude of impairment," JP Morgan analyst Zafar Nazim said in the note, adding that other businesses held for-sale by DIFCI had minimal associated goodwill balances.