its not a write off this year...
they have written back (basically half) the value that they had "lost" on the onerous contracts (wind farms sold into PowAR Co - PPAs to ensure AGL got the generation were priced too high)... recent increase in coal & gas prices has meant that those same PPA contracts were no longer so bad... so they realised the change as profit this half...
My latter point is that they have also forecast that next half will also include impairments (write offs)... so IMO.. they are using it as a way of making the reports suit their narrative.
Ann: FY22 Results Presentation, page-20
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Last
$11.92 |
Change
-0.020(0.17%) |
Mkt cap ! $8.019B | |||
| Open | High | Low | Value | Volume |
| $11.98 | $12.06 | $11.90 | $12.96M | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 13833 | $11.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.93 | 5254 | 1 |
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| AGL (ASX) Chart |