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Avalon Telematics Ltd
No ratingHigh
FY2026
North America carrying value survives only on assumptions management concedes could move
The closing filing states that the unit carrying the acquired goodwill has limited headroom and that a one-point change in the discount rate would take the recoverable amount below the carrying amount.
“The recoverable amount of the North America unit exceeds its carrying amount by a limited margin, and a reasonably possible change of one percentage point in the discount rate would reduce the recoverable amount below the carrying amount.”
Line items: Intangible AssetsChange in Goodwill
Document reviewCost capitalisation policyconfidence high
High
FY2025
Auditor warns headroom may sit below management's calculation
The prior year's audit report names impairment testing a key audit matter and states that the headroom may be lower than the amount management calculated. The charge followed in the next year.
“The headroom in the impairment assessment of the North America unit may be lower than the amount management has calculated”
Line items: Intangible Assets
Document reviewCost capitalisation policyconfidence moderate
Showing 2 of 12 · a finding rests on figures this study published, a quoted passage, or bothTypologies: Cost capitalisation policy · Provision or reserve judgement · Cash flow classification · Company-defined measure · Going-concern statement · Governance · Restatement