obÌåÓý notes the decision by Spotless Group Holdings Limited (Spotless) to write down goodwill relating to its Resources business by $99.2 million in its financial report for the half-year ended 31 December 2016. 
obÌåÓý had raised questions in relation to the recoverable amount of the goodwill relating to the Resources business in Spotlessâ€� financial report for the year ended 30 June 2016.  
As outlined in obÌåÓý media release 16-428 obÌåÓý calls on preparers to focus on useful and meaningful financial reports, impairment testing and asset values remains a focus area of our financial reporting surveillance.