📉Recognition of Impairment Losses, etc. and Revised Financial Forecasts for the Fiscal Year Ending March 31, 2018
Impairment losses
Impairment tests were conducted on assets of the Shale Gas Project in Canada in light of the
decline in forecasted natural gas prices in the Americas, etc. As the recoverable amount of
these assets is expected to fall below their carrying amount, INPEX will consequently reduce
the carrying amount to the recoverable amount, posting the reductions as impairment losses
amounting to approximately 76 billion yen. The impact on the net income attributable to
owners of parent for the fiscal year ending March 31, 2018 is expected to be around 52 billion
yen (following deduction of non-controlling interest impact).
http://www.inpex.co.jp/english/news/pdf/2018/e20180326_a.pdf
http://www.inpex.co.jp/news/pdf/2018/20180326_a.pdf
Inpex cuts income forecasts on Canada shale gas impairment – LNG World News
https://mobile.lngworldnews.com/inpex-cuts-income-forecasts-on-canada-shale-gas-impairment/