03 October 2003 12:00am

ERG wrote down the value of its investment in key operating associates in Australia, Britain and Germany.

• Prepayments Cards in Britain, which operates (or will operate) the smart card concession ticket scheme in Manchester, was written down to $6.5 million, or $5.4 million, or $2.4 million all three figures are in the annual report.

• The 20 per cent holding card.etc AG, in Germany, which operates fare systems in various western German cities, and would operate the system in Berlin it ERG can win the long delayed tender, was written down from $4.7...