McMillan Shakespeare expects non-cash impairment of $15.3 mln after tax in FY17 results

Aug 18 (Reuters) - Mcmillan Shakespeare Ltd (MMS)

  • MMS expects that FY17 UNPATA will be $87.2 million
  • Expected asset impairment relates to carrying value of intangibles for warranty and insurance business
  • Expects to recognise non-cash asset impairment of $15.3 million after tax in its FY17 full year results
  • Expected asset impairment is a non-cash item which co intends adding back to its statutory NPAT for purpose of calculating UNPATA


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