ASA Annual Report is out
http://www.airservicesaustralia.com/...report0708.pdf
Page 39 is interesting.
NET PROFIT AFTER INCOME TAX $91,975, 000
This is down on 06-07's total $106,754, 000 by $14, 779, 000.
Which is less than the mark down for Impairment of $15, 441, 000.
Second, Page 71...
B . IMPAIRMENT
In line with accounting standards, management has performed an impairment review of both existing assets and assets under construction. Principally, the review has focused on future use of existing assets, and changes in technology and business system requirements. As a consequence of this review, a number of software projects have ceased, and the costs associated with this work has been expensed.
If Impairment is important, why was it not included in 06-07? and
What software projects were ceased?
Page 84.
Remuneration of executives
2008
$4,836,713
2007
$4,458,912