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BHP Billiton declares onshore US asset review


Published Jan 18, 2016
BHP Billiton

BHP Billiton expects to recognise an impairment charge of approximately US$4.9 billion post-tax (or approximately US$7.2 billion pre-tax) against the carrying value of its Onshore US assets. This charge will be recognised as an exceptional item in the financial results for the half year ended 31 December 2015.

The impairment follows the bi-annual review of the Company's asset values and reflects changes to price assumptions, discount rates and development plans which have more than offset substantial productivity improvements. The impairment will reduce Onshore US net operating assets to approximately US$16 billion.

Tags: BHP Billiton




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