Sentence examples for took impairment from inspiring English sources
EDF's net income declined by 68 per cent to €1.19bn from €3.7bn the year before after it took impairment charges on assets in the UK, US, Poland and Italy.
Countrywide posted its second consecutive quarterly loss as rising home loan delinquencies forced the nation's largest mortgage lender to bolster loss provisions and take impairment charges.
In the announcement on Monday, Tata said that it was also taking impairment charges on operations in Thailand and South Africa.
"They may sell some securities to generate gains at the same time they're taking impairment charges," noted Dwayne D. Hallman, senior vice president for finance at Horace Mann Educators, an insurer in Springfield, Ill.
During the period, Loews also took an impairment charge of $92 million at its HighMount Exploration and Production unit, related to the value of its natural gas and oil properties.
Man reported a loss of $745 million for last year compared with a profit of $187 million in the year earlier because it took an impairment charge for the acquisition of the hedge fund firm GLG Partners in 2010.
While it became one of India's largest mobile carriers by subscribers, the company took an impairment charge of $3.56 billion on its Indian operations in 2010 because of cutthroat competition and skyrocketing spectrum costs.
Ivanhoe Mines in 2001 took an impairment charge of $54 million on it citing a "sudden negative outlook for iron ore and pellet prices," and in the third quarter of 2002 wrote off another $18 million on the investment.
About $400 million will be set aside for good-will impairment in its ailing telecommunications segment and another $400 million to $425 million will be taken for impairment of assets in its photonic technologies and conventional television glass units, Corning said.
That will be the decisive factor whether a company takes an impairment charge.
The company said it might take an impairment charge relating to its Swansea factory, as it discussed with a customer their joint business plan for the site.
