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AMP Announces Expected FY 2021 Impairments

26 Nov 2021  |  07:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AMP announces expected FY 21 impairments

AMP announced that ahead of the planned demerger and following a review of its balance sheet it expects to recognise additional impairment charges of A$325m (post-tax) in its FY 2021 financial results. The impairments are expected to have an impact on capital of A$220m and will be recognised as a significant item against statutory profit in its FY 2021 financial results. The impairments will not impact FY 2021 Underlying NPAT.

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