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Microsoft Word - 20150326 Anticipated Impairment.docx
Kangaroo Resources Limited
ABN: 38 120 284 040
ASX Code: KRL
ASX RELEASE 27 March 2015
KANGAROO RESOURCES LIMITED - ANTICIPATED IMPAIRMENT
Kangaroo Resources Limited (ASX: KRL) ('the Company') advises that it has conducted a preliminary review of the carrying value of its non-current assets as at 31 December 2014.
While the actual numbers have not yet been finalised, the Company believes the impact on the loss from continuing operations for asset impairment will be in the range of $A120 to A$135 million (after tax). The estimate is subject to further work to confirm the amount, approval by the Board and review by the auditors as part of the process of finalising the financial statements for the year ended 31
December 2014.
The anticipated impairment charge has arisen due to a combination of factors, including:-
- Lower than expected prices for coal and market outlook for further declines over the next 3 years;
- Potential Indonesian mining regulation changes, permitting and licensing issues, and further deferral of production.
Implications of Impairment
The Company advises that the expected impairment charge will have no cash flow consequences and no effects on any covenants in the Company's debt facilities.
The financial statements for the year ended 31 December 2014 are expected to be released on Wednesday 31 March 2015.
Ian Ogilvie
Managing Director
Kangaroo Resources Limited
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Kangaroo Resources
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EXPLORATEUR |
CODE : KRL.AX |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Kangaroo Resources est une société d’exploration minière basée en Australie. Ses principaux projets en exploration sont MT RUBY en Australie et GPK, KUBAH INDAH, MBK & BP, JAWANA & BORAMI, MAMAHAK et TANUR JAYA en Indonesie. Kangaroo Resources est cotée en Australie. Sa capitalisation boursière aujourd'hui est 498,0 millions AU$ (358,8 millions US$, 316,8 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2010 à 0,25 AU$, et son plus bas niveau récent le 31 août 2016 à 0,00 AU$. Kangaroo Resources possède 3 434 429 952 actions en circulation. |