No it's not interesting. You just need to understand what an...

No it's not interesting. You just need to understand what an impairment actually is. An impairment is when you recognise a reduction in value of an asset on your balance sheet. If you have a property valued at $2b on the balance sheet and then find out it's only worth $1b, you take a $1b impairment.

in the case of CI1, they are only writing off the goodwill is in the businesses they have bought. The forecasted $9.5b impairment to goodwill almost completely wipes out all their goodwill. IE the hong kong businesses don't have any goodwill associated....which makes sense because they were with the company from the beginning.

As I stated in an earlier comment, goodwill is created when you pay more for company than it has assets that you can recognise on your balance sheet.

Please reread the above sentence.

if you pay $1000 for car worth $500, you actually bought a $500 car and $500 of goodwill.

so if a company is built up organically there is nó goodwill. If you pay fair price for the assets of a company when you buy it there is no goodwill.

the only point of goodwill is that the tax office doesn't want to allow an immediate write offiof assets that a company overpays for.