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Bapcor Advises on Inventory Provision

10 Oct 2017  |  17:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Bapcor's Inventory Provision

Bapcor advised that the inventory provision policy and parameters have been consistently applied for over 5 years. The Company applied its inventory provision policy across all of its business units and a consistent methodology is applied to existing businesses and well as to acquired businesses. The resulting provision adjustment is recorded as a part of the acquisition. The Company's inventory provisioning policy is designed to drive appropriate inventory management within the business. The Company's auditors reviewed the calculation of the inventory provisions created due to an acquisition and also the annual adjustments that is charged to profit.

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