Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.
Santos has advised that it expects to recognise a non-cash impairment charge of approx. $1.6 billion after tax in its 2014 full-year accounts. The impairment charge reflects the lower oil price environment and is a non-cash accounting adjustment that relates to the historical book value of the company’s assets.
Santos has advised that it expects to recognise a non-cash impairment charge of approx. $1.6 billion after tax in its 2014 full-year accounts. The impairment charge reflects the lower oil price environment and is a non-cash accounting adjustment that relates to the historical book value of the company’s assets.
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