If you try to sell an asset because you are in financial distress, and you can't get your book value for it, does that not necessitate a impairment from an accounting perspective? I understand that they may be able to continue following a restructure, and hopefully get a higher value for Dairyworks, but that item on the balance sheet is misleading in the short term time horizon. They've already written it down once.
Ann: Market update deleveraging plan, bank covenants, guidance, page-77
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $59.01M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 27.0¢ | $16.17K | 59.90K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34277 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 12613 | 3 |
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| Last trade - 15.36pm 29/07/2024 (20 minute delay) ? |
| SM1 (ASX) Chart |