2.3 Significant changes in WorleyParsons’ Statement of Financial Position

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An assessment of asset carrying values was conducted as part of the normal process of finalizing the accounts.

As a result of this assessment, an impairment of investments in associates of $12.1 million was recognized in the FY2016 accounts.

During FY2016, we transferred our South African public infrastructure business and our interest in Cegertec, in Quebec, to assets and liabilities held for sale. These items are not material and so are not reclassified in the Statement of Financial Position.