Home Retail Group has booked a £ 852 ##m exceptional goodwill impairment charge related to the recommended takeover offer from lord ’s . The charge results from when Argos was owned by Great ##tail ##gate . Consequently , the company reported a fiscal year pre - tax loss of £ ##80 m . despite the exceptional charge , Home Retail Group made an annual profit of £ 94.7 m , down 28 % year over 2005 , but slightly ahead of estimates .
Home Retail Group has booked a £852m exceptional goodwill impairment charge related to the recommended takeover offer from Sainsbury’s. The charge results from when Argos was owned by Great Universal Stores. Consequently, the company reported a fiscal year pre-tax loss of £804m. Excluding the exceptional charge, Home Retail Group made an annual profit of £94.7m, down 28% year over year, but slightly ahead of estimates.