Asset impairment

Asset impairment

Asset Impairment

The state in which an asset has a market value less than its value listed on the company's records, especially when the value is unlikely to recover. The cash flow an impaired asset will generate is less than the difference between its market value and its book value. Impaired assets include bad debt, obsolete equipment and, most especially, goodwill. A company must write off its asset impairment each year.
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6 billion in net profit last year, down by 4 percent due to non-recurring losses from asset impairment and debt prepayment costs.
4 million asset impairment charge related to the crude oil trucking and producer field services business segment.
The fiscal 2013 quarter's loss reflected after-tax asset impairment charges of $129 million ($210 million pretax), severance costs of $17 million ($28 million pretax) and intangible asset impairment charges totaling $3 million ($6 million pretax).
BANKING AND CREDIT NEWS-January 25, 2013-Janus Capital Group 4Q, 3Q net income includes intangible asset impairment charge(C)2013 M2 COMMUNICATIONS http://www.
M2 EQUITYBITES-January 25, 2013-Janus Capital Group 4Q, 3Q net income includes intangible asset impairment charge(C)2013 M2 COMMUNICATIONS http://www.
Novartis Pharmaceuticals division will record an intangible asset impairment charge of USD230m (EUR168m) in the third quarter of 2010.
reported net income in the fourth quarter of $599,000, or 6 cents a share, which includes a 3-cents-a-share adjustment for an operating asset impairment charge.
The asset impairment accounting system has been introduced throughout the world since the mid-1990s.
8 billion), actually 34% lower than the previous period in 2004, due to the adoption of asset impairment accounting methods within the Japanese accounting system.
20 due to early application of its asset impairment accounting.
For example, it is possible for a company to recognize an asset impairment under IFRS, while a different amount, or possibly no impairment loss at all, would be recognized under U.
It requires governments to report the effects of capital asset impairment in their financial statements when it occurs, and it enhances comparability of financial statements by requiring all governments to account for insurance recoveries the same way.
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