Wednesday, February 11, 2009

Got Goodwill? Part 13: The Sour Taste of Impairment

Coca-Cola Enterprises reported an impairment charge of $2.3 billion.

The impairment charge is the result of their impairment analysis in accordance with SFAS No. 142, "Goodwill and Other Intangible Assets" and is necessary to reduce the book value of the company's North American franchise license intangible assets to their estimated fair value in light of financial market conditions and their stock price.

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