SCAC Sukhoi Civil Aircraft Corp

While the plan – drawn up in July and covering 2016-51 – has yet to be approved, it will assume several sales volume scenarios which “differ substantially” from the previous plan, according to financial firm Ernst & Young in a review of the airframer’s interim financial statement.
These changes could be an indication of “potential impairment”, it adds, but an impairment test cannot be completed until management has approved the revised sales forecast.
Sukhoi Civil Aircraft turned in a pre-tax loss of $123.7 million for the six months to 30 June, under international accounting standards.
The interim disclosure shows that Sukhoi delivered seven aircraft in the first half, compared with nine last year, resulting in an 8% fall in aircraft sales revenues to just under $160 million