Reckitt Benckiser cuts goodwill in year when Nurofen packaging scrutinised

Fri, 17 Jun 2016

By Paul McBeth June 17 (BusinessDesk) - Reckitt Benckiser (New Zealand), the local division of the consumer goods business, sliced off more than a third of its goodwill in 2015, a year when its Nurofen painkiller packaging attracted the attention of competition regulators. The Auckland-based consumer goods distributor cut $51.8 million from goodwill - which represents the premium paid over the fair value of identifiable assets in an acquisition - valuing the intangible asset at $79.4 million as at Dec. 31, according to financial statemen...

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