Polarcus says non-cash impairment charges impacting Q4 2015 (Scandinavian Oil-Gas Magazine)

Polarcus says non-cash impairment charges impacting Q4 2015

Published Feb 10, 2016

Reference is made to the stock exchange release issued on 6 January 2016 in which Polarcus Limited announced a restructuring plan with support from key stakeholders.

Furthermore, the Company announced that it had received a request for information regarding impairment of vessels and seismic equipment from The Financial Supervisory Authority of Norway ('Finanstilsynet').

The Company has now completed its impairment review using a value in use test based on discounted cash flows.

Tags: Polarcus Limited

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