Wellington, Oct 30 NZPA - Fisher & Paykel Appliance Holdings is expecting a charge of $70 million to $75m in the carrying values of some of its North American assets.

The company said today that in a trading update last month it had advised the carrying value of certain assets would be reviewed due to performance in North America.

The review was expected to result in a charge, subject to final board approval at the time interim financial statements were signed, of $70m to $75m before tax, Appliances said.

It would affect assets including brands, plant, equipment and stock with a total value of $119.5m before impairment.

The charge would be recognised in the statement of comprehensive income included as part of the interim financial statements for the six months to the end of September.

A full explanation of the impairments and fair value adjustments would also be included in the interim financial statements, to be released in the latter part of November.