Tag «non-cash»

ArcelorMittal to record non-cash impairment charge in Q4 2012

Luxembourg, 21 December 2012 – ArcelorMittal today announced it expects to write down the goodwill in its European businesses by approximately US$4.3bn. This follows the completion of its yearly goodwill impairment test, as required by IFRS accounting standards. The write down will take the form of a non-cash impairment charge that will be recorded in the fourth …