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Non-cash asset impairment and preliminary, unaudited FY20 earnings estimate

02 Sep 2020

Nufarm advises that following a review of the carrying value of its assets in accordance with relevant accounting standards, and subject to finalisation of the audit, the company expects to recognise non-cash, impairment charges in relation to its European assets of approximately $215 million in financial statements for the year ended 31 July 2020. This comprises a pre-tax impairment of intangible assets of approximately $190 million and a derecognition of tax assets of approximately $25 million. Click to read more...