Question
With regard to the information below, can the impairment expense for the Investment in Helloworld be reversed? $70 million impairment of the Groups investment in
With regard to the information below, can the impairment expense for the Investment in Helloworld be reversed?
$70 million impairment of the Groups investment in Helloworld.
- 15% Investment in Helloworld in 2020 and 12% investment in Helloworld in 2021.
- $39 million reversal of impairment relating to the Groups investment in Helloworld Travel Limited. The reversal of the impairment has been recognised as an item outside of Underlying PBT consistent with the treatment of the original impairment.
The investment in Helloworld Travel Limited was diluted from 15% to 12% due to issue of new shares by Helloworld Travel Limited pursuant to its equity raising.
The Group recognised a net impairment of $1 million (2020: $70 million) in relation to its investment in Helloworld Travel Ltd. (ASX: HLO).
Other (reversal of impairment]/impairment Impairment of investment in Helloworld Impairment of investment in Pacific Airlines Other assets 1 10 (12) 70 25 34Step by Step Solution
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