Post by Humberside on Aug 8, 2020 9:00:13 GMT
There is some Humberside specific information in Bristow's March to June results announcements
Debt fell very slightly from $335,000 on 31st March to $334,000 on 30th June. Google states $334,000 is currently worth £256,066.24
There was also this commentary:
ir.bristowgroup.com/static-files/d591deb3-db5a-408e-9691-1fe008dfcfc9
Debt fell very slightly from $335,000 on 31st March to $334,000 on 30th June. Google states $334,000 is currently worth £256,066.24
There was also this commentary:
Our Humberside Airport operations were similarly impacted by the COVID-19 global pandemic during the quarter ended June 30,2020 (Successor).
Humberside Airport is an airport located near Humberside, England, which provides airport and related services to global and regional airlines. As a result
of COVID-19, a significant customer temporarily suspended flight services into the airport, which was in addition to the decline in general aviation activity
being experienced by all airlines and airports globally. We have made significant changes to the near-term forecasted Humberside Airport cash flows,
which are considered, along with the future uncertainty of longer-term forecasted cash flows, to be an indicator of impairment for the Humberside Airport
asset group. We estimated future undiscounted cash flows to test the recoverability of the Humberside Airport asset group, requiring us to use significant
unobservable inputs, including assumptions related to projected demand for services and rates. Given the uncertainty of the future forecasted cash flows,
we prepared a probability weighted scenario analysis. The analysis resulted in a determination that the Humberside Airport asset group was recoverable
based on the comparison of the undiscounted cash flows to the carrying value of the asset group at June 30,2020 (Successor). We will continue to monitor
the impacts of the COVID-19 global pandemic on the Humberside Airport operations and update this analysis should changes in facts and circumstances
indicate a potential lack of recoverability in future periods.
Humberside Airport is an airport located near Humberside, England, which provides airport and related services to global and regional airlines. As a result
of COVID-19, a significant customer temporarily suspended flight services into the airport, which was in addition to the decline in general aviation activity
being experienced by all airlines and airports globally. We have made significant changes to the near-term forecasted Humberside Airport cash flows,
which are considered, along with the future uncertainty of longer-term forecasted cash flows, to be an indicator of impairment for the Humberside Airport
asset group. We estimated future undiscounted cash flows to test the recoverability of the Humberside Airport asset group, requiring us to use significant
unobservable inputs, including assumptions related to projected demand for services and rates. Given the uncertainty of the future forecasted cash flows,
we prepared a probability weighted scenario analysis. The analysis resulted in a determination that the Humberside Airport asset group was recoverable
based on the comparison of the undiscounted cash flows to the carrying value of the asset group at June 30,2020 (Successor). We will continue to monitor
the impacts of the COVID-19 global pandemic on the Humberside Airport operations and update this analysis should changes in facts and circumstances
indicate a potential lack of recoverability in future periods.
ir.bristowgroup.com/static-files/d591deb3-db5a-408e-9691-1fe008dfcfc9