ob体育 notes the decision by MMA Offshore Limited (MMA Offshore) to write down property, plant and equipment relating to the Vessels business by $254 million in its financial report for the half-year ended 31 December 2016.銆�
ob体育 reviewed MMA Offshore's 30 June 2016 financial report as part of its ongoing financial reporting surveillance program. ob体育 raised concerns regarding the value of property, plant and equipment relating to the Vessels business.
As outlined in ob体育 media release 16-428 ob体育 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.