NZF announces their full year results:
http://file.nzx.com/000/957/3758957.pdf
An overall loss, for the year, was declared after writedowns of goodwill:Originally Posted by Highlights
Since the goodwill write down is not a cash loss, this is probably a good time to take the write down. I assume that from a tax viewpoint this allows 30% of the operating profit to be maintained. While overall assets go down - maximum cash is maintained in the company.Originally Posted by Goodwill impairment
All in all ... a solid result.
Bookmarks