expects to recognise non-cash, impairment charges in relation to its European assets of approximately $215 million in financial statements for the year ended 31 July 2020.
This comprises a pre-tax impairment of intangible assets of approximately $190 million and a derecognition of tax assets of approximately $25 million.
While there are early indications that raw material costs for products in the portfolios Nufarm acquired in 2018 are easing, input costs for a small number of products are expected to remain elevated in the medium term and this has also been reflected in the carrying value assessment.
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