NZ write-down

APN News & Media warned it is likely to cut the intangible value of its New Zealand publishing assets, signalling a probable write-down (impairment) related to those non-physical assets.

An impairment (or write-down) reduces the reported book value of intangible assets such as goodwill or brands. For APN this means a one-off charge against earnings that will lower reported profit for the period in which the impairment is recorded.

No. The company has said the impairment charge is likely but the amount of the impairment has not yet been finalised.

According to the article, APN’s share price has fallen from 60 to 51 in the past five days, reflecting market reaction to the news and uncertainty around the impairment.

APN expects net profit for the half-year to be $3 million less than last year’s half-year, as previously advised. The final impact of the impairment on profit will depend on the size of the charge once finalised.

Everyday investors should monitor APN’s official updates, review the company’s recent results and guidance, consider their own risk tolerance and time horizon, and seek personalised advice if unsure—particularly until the impairment amount is confirmed.

The article does not give a timeline. APN has only said the impairment amount is yet to be finalised, so investors should watch for the company’s next announcements and financial statements for the definitive figure.

Look for APN News & Media’s official company announcements and financial reports for confirmed information. Financial news services and market updates that covered the announcement are also useful while the company finalises the impairment details.