Vessel values written down by SEK 268 million

The impairment does not have any other impact on cash flows or loan agreements. The impairment does not have any other impact on cash flows or loan agreements. Concordia Maritime carries out an impairment analysis every six months. An impairment loss is recognised when the book value of an asset or cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher of fair market value (based on external valuations) and value in use (estimated future discounted cash...

Sweden, 03/02/2022 (informazione.news - comunicati stampa - trasporti)

The impairment does not have any other impact on cash flows or loan agreements.

Concordia Maritime carries out an impairment analysis every six months. An impairment loss is recognised when the book value of an asset or cash-generating unit exceeds its recoverable amount. The recoverable amount is the higher of fair market value (based on external valuations) and value in use (estimated future discounted cash flows).

Erik Lewenhaupt
CEO, Concordia Maritime AB
erik.lewenhaupt@concordiamaritime.com             

 is an international shipping company founded in 1887.

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https://news.cision.com/concordia-maritime/r/vessel-values-written-down-by-sek-268-million,c3497866

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