ASIC notes the decision by Nine Entertainment Co. Holdings Limited (Nine) to write down goodwill relating to the Nine Network by $260 million in its financial report for the half-year ended 31 December 2016.　

ASIC reviewed Nine's 30 June 2016 financial report as part of its ongoing financial surveillance program. ASIC raised concerns regarding the value of the goodwill relating to the Nine Network.　

As outlined in ASIC media release 16-428 ASIC calls on preparers to focus on useful and meaningful financial reports, impairment testing and asset values remains a focus area of our financial reporting surveillance.