date:Feb 25, 2014
CA said a decision had been taken to write down the carrying value of SPC Ardmona by $404.0 million. This includes the write off of the remaining goodwill of $277.0 million, a $39.7 million write down in the value of brand names and an $87.3 million charge covering write downs in inventory and property, plant and equipment and recognition of the diminution in value of some onerous contracts.
While CCA has undertaken a substantial restructuring of the SPC Ardmona business with initiatives undert