Impairment charge

Reuters  Jun 11  Comment 
Rio Tinto Ltd said it was assessing an about $300 million non-cash impairment charge related to its shareholding in Energy Resources of Australia Ltd .
Wall Street Journal  Feb 26  Comment 
Transocean swung to a loss as it logged a $992 million charge in the fourth quarter to correct the value of its contract drilling business.
Reuters  Feb 20  Comment 
Centerra Gold Inc reported a loss for the fourth quarter as the miner produced and sold fewer ounces of gold and took a goodwill impairment charge due to a fall in reserves and...
Wall Street Journal  Feb 17  Comment 
Devon Energy swung to a fourth-quarter loss on an impairment charge, although the company said operating revenue more than doubled and production exceeded its guidance.
Yahoo  Feb 5  Comment 
Japan's SoftBank Corp (9984.T) said on Thursday it would not recognize in its consolidated financial statements the $2.1 billion impairment charge made by its majority-owned U.S. telecoms network operator Sprint Corp (S.N), because of differing...
Reuters  Jan 29  Comment 
* Faces "deep, potentially lasting" change in environment (updates with share price move, quotes from chairman, trader)


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An Impairment Charge is incurred when the fair value of a company's goodwill is less than the recorded value. If the fair value of goodwill is less than the recorded value, a company's goodwill is said to be "impaired" and the difference (between the fair value and recorded value) must be charged off as an expense.

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