Ann: Half Yearly Report and Accounts, page-4

IXP revenues being lower in the first six months of this year than in the corresponding period last year. As a result, the Company has made the conservative decision in compliance with the Accounting Standards to write off the carrying value of the IXP assets.
is this deliberate to weaken the financial statements??, the reasoning sounds like a bunch of codswallop!

The Company has been communicating a desire to broaden its business into new application areas and to consider opportunities to license its technology. The last 6 months has seen a significant level of development activity pushing the technology boundaries and bringing the Company’s smart device technology to the forefront of IOT (internet of things) thinking.
The Company is well down the path to establishing its new smart device architecture and is in the process of piloting the production of its next generation of TZ Smart Device elements. This work encompasses a holistic view of the technology across mechanism design, up-to-date processing, sensing and networking electronics, firmware development and software application. It will take the Company back to its founding vision and into new areas of commercial opportunity for intelligent fastening and locking.
.................finally woken up and heading in the right direction, this should have been at the forefront of their thinking all along. I hope this results in entering new and large scale markets.