Weener Plastics tests goodwill with an annual impairment test for the annual accounts
Weener Plastics engaged Match Plan to assist with various valuation issues related to the annual financial statements. This included the annual impairment test, which determines whether the value of the goodwill is still in line with the actual economic value of the company.
Innovative player in plastic packaging
Weener Plastics is a global supplier of innovative plastic packaging solutions, with a strong focus on functionalities such as dosing, holding, and closing. The company develops and manufactures caps, closures, roll-on balls, jars, and bottles for sectors such as personal care, food, home care, and healthcare. Headquartered in Ede, the Netherlands, Weener Plastics operates with over 4,000 employees and 25 locations in 17 countries worldwide.
Financial stability through valuation analysis
To maintain a realistic picture of the financial position, it is crucial that the book value of intangible assets, such as goodwill and trademarks, is regularly reviewed. An impairment test determines whether these assets are still recorded at their correct value, or whether there is a decrease in value due to changing market conditions. This process contributes to transparent and reliable financial reporting.
Match Plan as a strategic partner
Match Plan assisted Weener Plastics with the impairment test and other valuation issues. A detailed analysis assessed whether the current value of the goodwill still corresponds to the book value.
This valuation assignment was led by Richard Peeters, Director of Valuation at Match Plan. This independent review provides Weener Plastics with a solid foundation for its financial reporting and a clear understanding of its financial position.
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