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Asset Impairments Q4 2015; an update and primer


Asset Impairments Q4 2015; an update and primer

Report summary

Falling commodity prices have resulted in 46 of the 60+ companies in our Corporate Service coverage reporting US$220 billion of asset impairments during 2015. With rolling-average prices continuing a downward trend, write-downs will be a feature of many companies’ Q1 2016 results. This report summarises the standards used in different accounting methods, highlights which companies have been impacted thus far, and provides our view of what to expect in 2016.

What's included?

This report includes 2 file(s)

  • Asset Impairments Q4 2015 an update and primer.pdf PDF - 796.92 KB
  • Quarterly asset impairments April 2016.xls XLS - 646.00 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Key messages
    • Asset impairments since Q4 2012 for companies in our Wood Mackenzie Corporate Service
      • Analysis of total impairments by accounting method and peer group
      • Charts and graphs of impairments with SEC price curves
    • Which companies have been hit hardest so far?
      • Examination of 25 most impaired companies since mid-2014
      • Charts and graphs of impairment impact on companies' balance sheets
    • Accounting methodology overview
      • Overview of impairment test process, differences between US GAAP and IFRS
    • Glossary of Terms
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