Professor Eamonn Walsh:

One of the difficulties - it is a sort of twist in international accounting standards - is that one could actually maintain that the proper accounting for this would be to recognise an asset, namely, an investment, and recognise a corresponding liability, namely, an obligation to repay that investment later. The accounting rules - they are very specific rules - are called offset rules. In other words, one could construct a transaction whereby offset rules under international accounting standards would forbid one from offsetting these two amounts.