Hey Kitty, I think you got the wrong end of the stick. I'm not saying anything different to what you are saying. It's just that previous posts have hyped up the value of the Balance Sheet and I have been saying that it's propped up with Goodwill (Intangibles). Goodwill is effectively based on the excess purchase price over the value of hard assets you buy. Someone earlier said that goodwill will always be there. I was trying to explain that it won't and our P&L will be hit hard with the impairment. As for hard assets like cables etc, yes they have a structured amortisation applied.
I wasn't linking cashflow with intangibles at all.
Again, all I was explaining to others was the issue around goodwill and the future impact on EBIT with impairment costs
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