write-off

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write-off

Informal something damaged beyond repair, esp a car
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This guidance projected, for 2002 relative to 2001, revenue growth exceeding 10%, EBITDA growth of 10% to 15% and income, before cumulative effect of change in accounting principle related to the adoption of SFAS 142 and the related transitional goodwill writedown indicated above, increasing by 150% to 200%.
Aetna's goodwill writedown of about $3 billion was also expected by Standard & Poor's and is reflected in the current rating.
Based on this review, the Company recorded a goodwill writedown of US$51 million, of which US$15 million related to Decoma International Inc.
Company expects fourth-quarter non-cash goodwill writedown and asset impairment for Tim Hortons U.
Based on this review, the Company recorded a goodwill writedown of $51 million, of which $15 million related to Decoma International Inc.
Shortly after Cadbury-Schweppes acquired a majority stake in 2006, Cadbury Nigeria was found to have overstated its financial performance, which led to a costly lawsuit and a goodwill writedown on its balance sheet.
The goodwill writedown was caused by deteriorating credit quality and the adverse impact from The CARD Act on Bank of America's credit card operations in 2009.
5m goodwill writedown on Pelican - the business sold last year and which included the Bella Pasta and Cafe Rouge restaurants.
The negative was the goodwill writedown of $45 billion, which was bigger than expected, although their debt covenants are still safe because they have to keep at least $50 billion in equity and they finished the year with about $52 billion,' said David Joyce, analyst at Guzman & Co.
4m goodwill writedown on the value of DMG, the business made pre-tax losses of pounds 44.
Upon initial adoption of these recommendations, the Company recorded a goodwill writedown of $51 million, of which $15 million related to Decoma International Inc.