Purely an accounting entry which will be shown in their financial statements. They can no longer carry the cooper basin assets on the balance sheet as an asset and will have to write the value off as an expense in their financial statements for the year ended 30 June - approx. $91m. Future costs can no longer be capitalised and will be expensed.
purely an accounting entry! No cash impact!!
Ann: Non-cash Cooper Basin Impairment, page-6
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