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BRIEF-McMillan Shakespeare expects non-cash impairment of $15.3 mln after tax in FY17 results
August 18, 2017 / 1:37 AM / a month ago

BRIEF-McMillan Shakespeare expects non-cash impairment of $15.3 mln after tax in FY17 results

Aug 18 (Reuters) - Mcmillan Shakespeare Ltd

* ‍MMS expects that FY17 UNPATA will be $87.2 million​

* Expected asset impairment relates to carrying value of intangibles for warranty and insurance business

* Expects to recognise non-cash asset impairment of $15.3 million after tax in its FY17 full year results

* Expected asset impairment is a non-cash item which co intends adding back to its statutory NPAT for purpose of calculating UNPATA Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

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