BusinessCompany NewsCompanies’ impairments below stakeholders’ expectations

Companies' impairments below stakeholders' expectations

Survey finds companies posted lower impairment charges than stakeholders expected

Financial impairments were lower than expected by many investors, analysts
and lenders, according to a survey.

Nearly half of the respondents (47%) thought impairments were lower than
expected over the past two years, reported
Ernst &
Young’s
survey.

The most likely sectors expected to suffer further impairment in the next two
years were in real estate, banking and capital markets, and the automotive
industry.

Nine in ten respondents suggested that forecasting cash flows would be
‘challenging’ or ‘very challenging’ in the next 12 to 18 months.

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