Have you addressed your impairment obligations?

By Piera Murone - August 2, 2017

Every year the 30 June means it’s financial reporting season, which is a timely reminder to consider if impairment will impact your business and/or assets.

Typical warning signs for business owners are:

  • a reduction in revenue from previous years
  • current year results being significantly below budget
  • a sharp decline in share price (for listed companies)
  • the loss of one or more major clients or contracts
  • a large capital expenditure regime and revenues have not substantially changed
  • depreciation charges crippling financial performance
  • cash flow concerns. 

The Pitcher Partners valuation team in Melbourne has over 150 years’ experience in valuing businesses and assets, and can assist you with identifying and quantifying impairment charges for your EoFY reporting requirements.  Having this done independently by Pitcher Partners:

  • satisfies Australian and International accounting standards
  • removes the risk for Directors and Senior Management for not addressing this adequately
  • provides confidence to business owners the true financial position of their company
  • enables business owners to plan more accurately for the future.

Even if you’ve already addressed this, ask us for an independent review.  So don’t face impairment season underprepared.  Speak to a valuation Director at Pitcher Partners.  

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