AGL Energy LimitedASX: AGL

Asset impairment and recognition of onerous contracts

· Issued by AGL Energy Limited

Filed with ASX · · 3 pages · English

AGL Energy Limited (AGL) has today announced it intends to recognise charges of $2,686 million (post-tax) in its financial statements for the period ended 31 December 2020. These charges reflect $1,920 million in provisions for onerous contracts related primarily to legacy wind farm offtake agreements, increases to environmental restoration provisions of $1,112 million, and further impairments of

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