Also, this write-down
of Mall of Scandinavia does not affect the company's liquidity.
will reduce excess capital by AUD27m, it said.
Fitch expects the non-payment of interest on this instrument will occur before any of the bank, the group, or the topco breaches the notes' 5.125% CET1 write-down
trigger, most probably when Abanca's or AHF's capital ratios approach their supervisory review and evaluation process requirement set at 11.375% for 2018.
restored under any circumstances, including where the relevant write-down
TOM ALBANESE stepped down as the chief executive of Rio Tinto last week, after an announcement that the company expects to recognise $14bn in write-downs
Microsoft said in a statement that, 'the acquisition did not accelerate growth to the degree anticipated, contributing to the write-down
will not have any effect on company's cash flow or its operative business, but will reduce the shareholders' equity, which stood at EUR50.3m on 30 September 2010, and will be booked as a non-recurring item in the financial statements of 2010
For the second quarter ended April 30, 2009, the company reported a net loss of USD4.7m, or USD.46 per basic share, reflecting an additional USD4.89m after tax, non-cash write-down
to reduce the book carrying value of oil and gas properties.
It comes after Ryanair faced record oil prices and a hefty write-down
on the value of its investment in rival carrier Aer Lingus.
$1.16 billion on a big goodwill write-down
on its newspaper publishing business.
The Craft Brewers Alliance has announced a write-down
of the value of the Widmer brand in their annual report.
The quarterly write-down
estimate, one of the highest yet for Merrill Lynch, helped sink the company's shares as much as 2.8 per cent and highlighted concerns the broker may need to raise capital.