PARIS Feb 27 French gas and power group GDF
Suez said it booked a 14.9 billion euro ($20.36
billion) impairment charge as it sees no improvement in Europe's
GDF said it took a 9.1 billion euro impairment on its power
generation assets and a 5.8 billion impairment on goodwill. The
company swung to a full-year net loss of 9.74 billion euros from
a 1.54 billion profit in 2012.
"This decision reflects the group's conviction that this
situation is serious and long-lasting," GDF Chief Executive
Gerard Mestrallet said on a conference call.
He added that the impairments would have no effect on cash
or cash flow generation, which stand respectively at 8.8 billion
euros and 10.4 billion.
GDF proposed an unchanged dividend of 1.5 euros per share.
($1 = 0.7317 euros)
(Reporting by Geert De Clercq; Editing by James Regan)