Aurizon Holdings Ltd Review of the carrying value of assets

Review of the carrying value of assets: Aurizon Holdings Ltd (ASX: AZJ) will be announcing its FY2017 interim results on February 13, 2017. The group aims to achieve transformation benefits of $380m between FY2016-FY2018 and an operating ratio of 70% in respect of FY2018. Further, an average of 10.5% return on invested capital (ROIC) over the FY2016 – FY2017 period is expected by the group. Recently, AZJ has undertaken a review of the carrying value of its assets as at December 31, 2016, and the company board has decided to recognize impairments and significant items of $321 million, in 1HY FY2017 accounts. $85 million is related to the transformation and redundancy program as previously communicated to the market. Moreover, AZJ has reaffirmed the guidance of FY 17.

 

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