Thorn Group provided earnings guidance for the year 2015-2016. The company announced that reported net profit after tax for the 2015-16 year is expected to be within a range of $19 million to $21 million. This reduced profit has been impacted by the one off charges associated with the strategic review and the goodwill write off. In calculating the underlying EBITA, adjustments have been made to exclude the $2.8 million provision announced at the half year to cover the principal amount of customer credit refunds, as well as $2.3 million of asset value adjustments and costs relating to the closure of TFS. The NCML goodwill of $6.7 million will be written off, however as a non cash entry, this will not affect Thorn's cash profit. Group revenue and underlying EBITA have increased slightly over the prior year.

Thorn intends to write off the goodwill attributable to the original purchase of NCML with a current carrying value of $6.7 million.