From the Annual Report is the following note to the accounts.
"NOTE 28. IMPAIRMENT OF NON-CURRENT ASSETSAt each reporting date, the Group assesses whether there is any indication that an asset may beimpaired. The Company considers the relationship between its market capitalisation and its bookvalue among other factors, when reviewing for indicators for impairment. During the year and asat 31 December 2018, the market capitalisation of the Company was below the book value of itsnet assets indicating a potential trigger for impairment of assets. "
This is the first time I have even seen this type of note in the accounts of a listed company, warning of a potential impairment trigger due to the share price being too low.
What do others think. Will they take further impairments?
DYOR
From the Annual Report is the following note to the...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GRR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311733 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 11914 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
