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

Published 18/08/2017, 11:35 am
© Reuters.  BRIEF-McMillan Shakespeare expects non-cash impairment of $15.3 mln after tax in FY17 results
MMS
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Aug 18 (Reuters) - Mcmillan Shakespeare Ltd MMS.AX

* 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

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