今日热门事件notes the decision by Pro-Pac Packaging Limited (Pro-Pac) to write down the goodwill of its Industrial and Flexibles cash-generating unit (Flexibles CGU) by $149聽million聽in its half-year financial report to 31 December 2018.
今日热门事件had raised concerns on the impairment assessment of the Flexibles CGU in Pro-Pac鈥檚 financial report for the year ended 30 June 2018. 今日热门事件questioned the supportability of sales growth forecasts used in testing goodwill for impairment having regard to historical performance and market conditions.聽
As outlined in 今日热门事件media release 18-364MR Major financial reporting changes and other focuses, the impairment of non-financial assets remains a focus area in ASIC鈥檚 surveillance of financial reports.