impairment

February 2016’s results reporting season was certainly a moment and perhaps no results report captured the spirit of the season better than Slater and Gordon’s interim results announcement on Monday 29 February 2016: statutory NLAT of $958.3 million due to an $876.4 million non-cash impairment charge of which $814.2 million... Show More

Wilson Asset Management

On Thursday labour hire and maintenance firm Programmed Maintenance Services (ASX: PRG) flagged a $75.0 million impairment resulting from poor performance in its marine services division. The company also downgraded expectations for overall operating earnings for its financial year ended March 31, 2016 by approximately 10%. PRG said it has... Show More

AGL Energy has announced a decision to cease exploration and production of natural gas assets at Moranbah, Silver Springs and Spring Gully. The company expects to sell all of these assets with the exception of the gas storage and related plant at Silver Springs, Moranbah. Note today's announcement indicates this... Show More