Impairment charge

The Hindu Business Line  Apr 22  Comment 
Cairn India has reported net loss of ₹10,948 crore in the fourth quarter of fiscal 2015-16, as the company took a non-cash impairment charge of ₹11,673 crore. In the same quarter last year the company...
The Hindu Business Line  Feb 11  Comment 
A one-time impairment provisioning for its oil and gas assets has led to a 64 per cent drop in ONGC’s net profit for the third quarter of fiscal 2015-16. During the quarter, its net profit stood at ₹...
OilVoice  Jan 15  Comment 
BHP Billiton expects to recognise an impairment charge of approximately US4.9 billion posttax or approximately US7.2 billion pretax against the carrying value of its Onshore US assets. This char
Reuters  Nov 12  Comment 
Canadian natural gas producer Encana Corp reported a third-quarter loss, compared with a year-ago profit, hurt by an impairment charge of about $1.07 billion.


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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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