Feb 5 (Reuters) - Australia's Wesfarmers Ltd WES.AX said on Monday it expects to record a non-cash impairment of 454 million pounds ($640.37 million) before tax against goodwill recognised from its acquisition of UK homewares chain, Homebase.
The Australian retail-to-mining conglomerate through its unit Bunnings United Kingdom and Ireland acquired Homebase in January 2016 for 340 million pounds.
The company also expects a non-cash impairment of A$306 million ($242.11 million) before tax against the carrying value of its investment in Target.
($1 = 0.7090 pounds) ($1 = 1.2639 Australian dollars)