Associate goodwill impairment Paladin Dec 2011

Because the premium on acquisition (it's not called 'goodwill' when we pay over the fair value for our investment) is all ours The only element of an associate's activities that we bring in to the accounting is just our share That premium arose because we (the parent) paid an excess for OUR SHARE of the associate's activities so any impairment in the value of our investment is just that ... it's an impairment in the value of OUR investment OK?

That's spot on. The investment in the associate is just ours - as you so correctly quote my words "We ARE the nci" So any impairment in connection with an associate is an impairment in the value of our investment and, again as you correctly state, that impairment is all ours OK?

That's great - so, without any pressure, there's now no excuse for not passing in March!