"IMO the auditors simply made the write down at 30th June because revenues to this point could not substantiate the value on the balance sheet for the goodwill."
Of course they couldn't justify it.
It was never justifiable. The value was never there.
Blind Freddie and plenty of others here could see that at the time.
Future revenues are currently in a decline.
Ann: Appendix 4E and Full Year Statutory Accounts, page-61
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