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- Release Date: 28/05/13 15:54
- Summary: ASSET: ALF: Loan Asset Value Update
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ALF
28/05/2013 13:54
ASSET
REL: 1354 HRS Allied Farmers Limited
ASSET: ALF: Loan Asset Value Update
[email protected]
28 May 2013
Loan Asset Value Update
Allied Farmers Limited (ALF) has considered the carrying value of a number of
its loan assets as a result of recent developments relating to each of those
loan assets. In some cases a loan asset is likely to be written up in value,
and in other cases the loan asset value is likely to be written down. Whilst
the Board will not make a final decision on the carrying value of its loan
assets until it finalises the 2013 Financial Statements, the Board considers
it appropriate to advise that indicatively the net positive impact of the
assessment will be approximately $276,000.
Garry Bluett
Chairman
End CA:00236732 For:ALF Type:ASSET Time:2013-05-28 13:54:26
