date:Aug 13, 2019
accounting valuation for DPA Brazil will be impaired by approximately NZ$200 million (US$129 million). This change is mainly due to the economic conditions in Brazil, which are improving, but consumer confidence and employment rates are not at the level required to support the sales volumes and price points the forecast cashflows were based on.
In Venezuela, the company has made an accounting adjustment of approximately NZ$135 million (US$87 million) relating primarily to the release of the ad