Woolworths» bottom line net profit rebounded to $ 1.53 billion compared with a loss of $ 1.23 billion in 2016, when the retailer booked $ 4 billion in
pre-tax asset impairments and restructuring costs on Big W and the now defunct Masters home improvement business.
The company recorded a non-cash
impairment charge of $ 147 million ($ 139 million after tax, or $.45 per share) related to the intangible
assets of the Bolthouse Farms carrot and carrot ingredients reporting unit and a non-cash
impairment charge of $ 65 million ($ 41 million after tax, or $.13 per share) related to the intangible
assets of the Garden Fresh Gourmet reporting unit (aggregate
pre-tax impact of $ 212 million, $ 180 million after tax, or $.58 per share).