Property consultancy Rahim & Co’s research head Sulaiman Saheh said companies make provisions for impairment all the time but the pandemic has amplified this issue.
PETALING JAYA: Of late, the accounting term impairment has cropped up quite a bit, with companies across the board reporting a rise in losses due to impairment.
Losses due to a fall in fair value is termed impairment, and it could have a negative impact on a company as it affected revenue, and consequently profit, said chartered surveyor Datuk Mani Usilappan, who heads VPC Alliance Kajang. He wrote two papers on the subject for a property-related association.
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