Diack said: "The board decided to write-down a non-cash amount of R5.1 billion in uncertified revenue (R2.4bn of which relates to the QCLNG award) and various other impairments which have resulted in de-risking of our balance sheet. The change of approach has resulted in six major commercial settlements and arbitration awards being concluded, resulting in positive cash inflows and further reducing uncertainty." Aveng Grinaker-LTA did not return to profitability as the group expected. It suffered an adverse settlement on the Mokolo Crocodile project and gave a poor performance on some roads projects.