New Zealand’s Fonterra faces losses
date:Aug 13, 2019
nting adjustments related to non-cash impairment charges on four specific assets and the divestments that the co-op has made this year as part of the portfolio review.

DPA Brazil, the New Zealand consumer business, China Farms and Australian Ingredients performance have been improving, but slower than expected and not at the level we had based our previous carrying values on, he notes.

Accounting adjustments
Commenting on the one-off financial accounting adjustments, the company noted that the
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