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