News: ORG Origin Energy Expects To Recognise Non-Cash Charges In Fy2020

July 15 (Reuters) - Origin Energy Ltd (ORG) :

• ORIGIN ENERGY LTD - ORIGIN EXPECTS TO RECOGNISE NON-CASH CHARGES IN FY2020
• ORIGIN ENERGY LTD - EXPECTS TO RECOGNISE NON-CASH POST-TAX CHARGES IN RANGE OF $1,160 MILLION TO $1,240 MILLION IN ITS FY2020 STATUTORY INCOME STATEMENT
• ORIGIN ENERGY LTD - EXPECTS NO CHANGE TO FY2020 GUIDANCE, INCLUDING ENERGY MARKETS UNDERLYING EBITDA OF $1.4 - $1.5 BILLION
• ORIGIN ENERGY-EXPECTS NON-CASH CHARGE OF $440-$460 MILLION POST-TAX FROM ONEROUS CONTRACT PROVISION ASSOCIATED WITH CAMERON LNG.
• ORIGIN ENERGY- EXPECTS TO REVISE ITS RESTORATION AND REHABILITATION PROVISIONS FOR GENERATION ASSETS
• ORIGIN ENERGY LTD - ESTIMATES ARE POST-TAX AND HAVE NO IMPACT ON FY2020 CASH FLOW
• ORIGIN ENERGY- EXPECTS TO RECOGNISE AN IMPAIRMENT RELATING TO ITS SHARE OF AUSTRALIA PACIFIC LNG OF $720 - 770 MILLION
• ORIGIN ENERGY LTD - IMPAIRMENT CHARGE IS EXPECTED TO BE EXCLUDED FROM FY2020 UNDERLYING PROFIT
• ORIGIN ENERGY-EXPECTS EXTRA NON-CASH $25 MILLION-$35 MILLION POST TAX PROVISION FOR BAD AND DOUBTFUL DEBTS FROM POTENTIAL IMPACTS OF COVID-19
• ORIGIN ENERGY- OVER NEXT 20 YEARS ESTIMATES AVERAGE ANNUAL CHARGE TO UNDERLYING PROFIT ASSOCIATED WITH CAMERON CONTRACT OF ABOUT A$25 MILLION POST-TAX
• ORIGIN ENERGY LTD- EXPECTS TO INCREASE PROVISION FOR RESTORATION OF GENERATION SITES BY $249 MILLION

Source text: [https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02255248

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