Is that allowed - To charge the impairment based on data results released on 6th July 2017, when the financial reports are dates ending on 30 Jun 2017. I would think that the impairment would be charged to the next FY results, because at the time of 30th Jun, they wouldn't have known the impact and couldn't calculate the impairment. Not that it matters, but seems to be softening the blow of next year's results.
Genuine curious question.
ACR Price at posting:
25.5¢ Sentiment: None Disclosure: Not Held
