| Having a similar effect as write-downs, share buy-backs also normally depress shareholders' equity proportionately far more than they depress earnings. |
| But even here, we do not have a clear view of the ultimate ramifications of these large write-downs. |
| Analysts foresee the spectre of further asset write-downs in coming quarters, which could increase pressure on finances. |
| Further write-downs are expected as further bad news from recently floated companies take place. |
| The good component could then be merged with Bank of Cyprus and larger deposits would be hived off, leaving uninsured depositors facing large write-downs. |
| Amortizing an asset gradually reduces its value through periodic write-downs and requires companies to recognize an expense. |
