Total Operating Income PABC - LKR 1,016,549.00
Impairments - LKR 399,247.00
Net Operating Income 13 - LKR 617,302.00
Net Operating Income 12 - LKR 830,427.00
Total Operating Income SFIN - LKR 132,216.00
Impairments - LKR 54,281.00
Net Operating Income 13 - LKR 77,935.00
Net Operating Income 12 - LKR 93,486.00
These impairments are only a book entries or provisions. Most of this definitely will not be losses. Situation would be mitigated with the policy changes especially after the falling of gold value. Hence, my expectation is at the end of the FY 2013/14 there will be a healthy profit.
Any arguments to enlighten?
Further I show in ATL impairment cost has been reduced! If anybody who has interest could help me to understand please. I have all these in my PF.