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Unilever may write back ₹59mn provision without ‘goodwill’ An amount of ₹186 million was accounted in 2020 for tax amortisation of intangible assets, including goodwill, related to Horlicks in India, the maker of Dove shampoo and Knorr soups said in its latest annual report. Synopsis Hindustan Unilever announced the acquisition of GSK Consumer Healthcare in an all-stock deal two years ago, valuing the Indian business of GSK at ₹31,700 crore. Unilever will write back a provision of ₹59 million (₹510 crore) from its income tax statement if a proposal in India’s latest budget to exclude goodwill from tax is enacted. An amount of ₹186 million was accounted in 2020 for tax amortisation of intangible assets, including goodwill, related to Horlicks in India, the maker of Dove shampoo and Knorr soups said in its latest annual report. ....
Share this article Share this article WARREN, N.J., Feb. 16, 2021 /PRNewswire/ GSK Consumer Healthcare (LSE/NYSE: GSK) today announced the launch of TUMS Naturals, a new naturally-powered antacid joining the TUMS portfolio. As America s #1 heartburn relief medicine, TUMS is building its already expansive portfolio to meet growing consumer preferences for natural products by adding antacids that are free-from artificial flavors and dyes to its wide-range of heartburn relief offerings. Like all the brands products, new TUMS Naturals deliver fast and powerful multi-symptom relief from the discomforts of burning in the chest, acid indigestion, sour and upset stomach, so heartburn sufferers can enjoy worth the burn or #TUMSworthy moments. ....