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Impairment for the corporate stores is $10.934M which becomes...

  1. swc
    69 Posts.
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    Impairment for the corporate stores is $10.934M which becomes $7.654M after tax .
    It is a NON cash item with no cash changing hands.
    It writes down the value of the stores on the balance sheet ie. Management thinks they are worth less than 6 months ago.

    NO effect on operating cash flow and free cash flow.
    For NPAT , underlying NPAT = $7.656M is a better indicator of profits for the 6 months than the statutory NPAT = $.002M .
    Equates to eps = 1.25c for the 6 months.
 
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