Forum Archive Index - August 2000

[Brian Gale <brigale@i4free.co.nz>]

Hi Mike

  You are right the amortised goodwill expense for the year was $3.7M out 
of a total of  $43.6M so there is still $40M left to write off.  Sorry I 
didn't do my homework properly :>(
It was the 3.7M they were trying to hide.

Regards
Brian



At 11:40 16-08-00 +1200, you wrote:
>Brian wrote
>
>Brian, are you sure that this is a one off? My understanding of the
>treatment of goodwill is that it is to be amortised over the period that the
>benefit of the goodwill is expected to be received but not exceeding 20( ?)
>years. Most companies write off goodwill over the maximum time at it is
>positive for both profit and asset backing.
>
>I may be wrong (again!) but it would surprise me if this was the last of the
>goodwill.
>
>
>
>
>Mike
>
>
>
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