Crops (9428) · FactFirst stated

Changes to Estimates of the Recoverability of INNOVARE Goodwill in Light of COVID-19

First written in FY2021-Q3. . Latest entry: FY2021-Q3.

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FY2021-Q3First statedAnnual report
「In the previous consolidated fiscal year, we estimated the recoverability of goodwill at INNOVARE HOLDINGS PTE.LTD. based on the assumption that the impact of COVID-19 and the resulting stagnation in economic activity would last through the fiscal year. However, we have made accounting estimates based on the assumption that it will take several more months for economic activity in each country to normalize as a result of measures to combat the disease, including vaccination and the development of treatments.」
The assumed duration of the pandemic's impact on the recoverability of goodwill at INNOVARE HOLDINGS PTE.LTD. changed from within the previous fiscal year to several months until economic activity normalizes in each country.

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