Definition for : Impairment losses

Impairment losses recognise the loss in Value of a fixed asset not related to its day-to-day use. They cover mainly Depreciation for doubtful Receivables, Inventories and/or Amortisation of Goodwill and other intangible Fixed assets. Also called Write-downs.

(See Chapters Chapter 3 Earnings and Chapter 7 How to cope with the most complex points in financial accounts of the Vernimmen)

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