Insight
H1 2020 asset impairments: corporate tracker and accounting primer
Report summary
Falling oil prices have resulted in 48 of the 60+ companies in our Corporate Service coverage reporting US$147 billion of asset impairments during 2020 (US$164 billion when including a few select companies outside our core coverage). With rolling-average prices continuing a downward trend, write-downs will be a feature of many companies’ H2 2020 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 2020.
Table of contents
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Key messages
- Large downgrades to price have triggered over US$150 billion of write-downs year to date
Tables and charts
This report includes 1 images and tables including:
- Absolute pre-tax impairment charges since the oil price collapse ( US$1 billion*)
What's included
This report contains:
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