I think they'll be forced to kill the dividend.
According to last financial year's AGR, the company uses a 10.7% internal rate of return. Based on the accounting rules, any intangible impairment occurs when the present value of a future-cashflow becomes less valuable. That means that this 149 million impairment is the company telling us that they expect to see a significant drop in revenue going forward.
Ann: Non-Cash Goodwill Impairment Charge, page-10
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