“Loss allowance has been measured by reference to past default experience of the debtors and an analysis of the debtors’ current financial position, adjusted for factors that are specific to the debtors, general economic conditions of the industry in which the debtors operate and current and forward looking macroeconomic factors affecting the ability of the customers to settle the receivables,” says the company in its announcement.
Further details of the company’s financial performance will be disclosed when it announces its full year results.
Shares in Aspial Corporation closed unchanged at 37 cents on Feb 19.
