Impairment Of Assets IAS 36
IAS 36IAS 36Impairment of AssetsIn April 2001 the International Accounting Standards Board (Board) adopted IAS 36Impairment of Assets, which had originally been issued by the International AccountingStandards Committee in June 1998. That standard consolidated all the requirements onhow to assess for recoverability of an asset. These requirements were contained in IAS 16Property, Plant and Equipment, IAS 22 Business Combinations, IAS 28 Accounting for Associatesand IAS 31 Financial Reporting of Interests in Joint Ventures.The Board revised IAS 36 in March 2004 as part of the first phase of its businesscombinations project. In January 2008 the Board amended IAS 36 again as part of thesecond phase of its business combinations project.In May 2013 IAS 36 was amended by Recoverable Amount Disclosures for Non-Financial Assets(Amendments to IAS 36). The amendments required the disclosure of information aboutthe recoverable amount of impaired assets, if that amount is based on fair value less costsof disposal and the disclosure of additional information about that fair valuemeasurement.Other Standards have made minor consequential amendments to IAS 36. They includeIFRS 10 Consolidated Financial Statements (issued May 2011), IFRS 11 Joint Arrangements(issued May 2011), IFRS 13 Fair Value Measurement (issued May 2011), IFRS 9 FinancialInstruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) (issuedNovember 2013), IFRS 15 Revenue from Contracts with Customers (issued May 2014),Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) (issued June 2014), IFRS 9Financial Instruments (issued July 2014), IFRS 17 Insurance Contracts (issued May 2017),Amendments to References to the Conceptual Framework in IFRS Standards (issued March 2018)and Amendments to IFRS 17 (issued June 2020). IFRS FoundationA1415
IAS 36CONTENTSfrom paragraphINTERNATIONAL ACCOUNTING STANDARD 36IMPAIRMENT OF ASSETSOBJECTIVE1SCOPE2DEFINITIONS6IDENTIFYING AN ASSET THAT MAY BE IMPAIRED7MEASURING RECOVERABLE AMOUNT18Measuring the recoverable amount of an intangible asset with an indefiniteuseful life24Fair value less costs of disposal28Value in use30RECOGNISING AND MEASURING AN IMPAIRMENT LOSS58CASH-GENERATING UNITS AND GOODWILL65Identifying the cash-generating unit to which an asset belongs66Recoverable amount and carrying amount of a cash-generating unit74Impairment loss for a cash-generating unit104REVERSING AN IMPAIRMENT LOSS109Reversing an impairment loss for an individual asset117Reversing an impairment loss for a cash-generating unit122Reversing an impairment loss for goodwill124DISCLOSURE126Estimates used to measure recoverable amounts of cash-generating unitscontaining goodwill or intangible assets with indefinite useful lives134TRANSITION PROVISIONS AND EFFECTIVE DATE139WITHDRAWAL OF IAS 36 (ISSUED 1998)141APPENDICESA Using present value techniques to measure value in useB Amendment to IAS 16C Impairment testing cash-generating units with goodwill and noncontrolling interestsAPPROVAL BY THE BOARD OF IAS 36 ISSUED IN MARCH 2004APPROVAL BY THE BOARD OF RECOVERABLE AMOUNT DISCLOSURESFOR NON-FINANCIAL ASSETS (AMENDMENTS TO IAS 36) ISSUED IN MAY2013FOR THE ACCOMPANYING GUIDANCE LISTED BELOW, SEE PART B OF THIS EDITIONILLUSTRATIVE EXAMPLEScontinued.A1416 IFRS Foundation
IAS 36.continuedFOR THE BASIS FOR CONCLUSIONS, SEE PART C OF THIS EDITIONBASIS FOR CONCLUSIONSDISSENTING OPINIONS IFRS FoundationA1417
IAS 36International Accounting Standard 36 Impairment of Assets (IAS 36) is set outin paragraphs 1–141 and Appendices A–C. All the paragraphs have equal authority butretain the IASC format of the Standard when it was adopted by the IASB. IAS 36 shouldbe read in the context of its objective and the Basis for Conclusions, the Preface to IFRSStandards and the Conceptual Framework for Financial Reporting. IAS 8 Accounting Policies,Changes in Accounting Estimates and Errors provides a basis for selecting and applyingaccounting policies in the absence of explicit guidance.A1418 IFRS Foundation
IAS 36International Accounting Standard 36Impairment of AssetsObjective1The objective of this Standard is to prescribe the procedures that an entityapplies to ensure that its assets are carried at no more than their recoverableamount. An asset is carried at more than its recoverable amount if its carryingamount exceeds the amount to be recovered through use or sale of the asset.If this is the case, the asset is described as impaired and the Standard requiresthe entity to recognise an impairment loss. The Standard also specifies whenan entity should reverse an impairment loss and prescribes disclosures.Scope2This Standard shall be applied in accounting for the impairment of allassets, other than:(a)inventories (see IAS 2 Inventories);(b)contract assets and assets arising from costs to obtain or fulfil acontract that are recognised in accordance with IFRS 15 Revenuefrom Contracts with Customers;(c)deferred tax assets (see IAS 12 Income Taxes);(d)assets arising from employee benefits (see IAS 19 Employee Benefits);(e)financial assets that are within the scope of IFRS 9 FinancialInstruments;(f)investment property that is measured at fair value (see IAS 40Investment Property);(g)biological assets related to agricultural activity within the scope ofIAS 41 Agriculture that are measured at fair value less costs to sell;(h)contracts within the scope of IFRS 17 Insurance Contracts that areassets and any assets for insurance acquisition cash flows as definedin IFRS 17; and(i)non-current assets (or disposal groups) classified as held for sale inaccordance with IFRS 5 Non-current Assets Held for Sale andDiscontinued Operations.3This Standard does not apply to inventories, assets arising from constructioncontracts, deferred tax assets, assets arising from employee benefits, or assetsclassified as held for sale (or included in a disposal group that is classified asheld for sale) because existing IFRSs applicable to these assets containrequirements for recognising and measuring these assets.4This Standard applies to financial assets classified as:(a)subsidiaries, as defined in IFRS 10 Consolidated Financial Statements; IFRS FoundationA1419
IAS 36(b)associates, as defined in IAS 28 Investments in Associates and Joint Ventures;and(c)joint ventures, as defined in IFRS 11 Joint Arrangements.For impairment of other financial assets, refer to IFRS 9.5This Standard does not apply to financial assets within the scope of IFRS 9,investment property measured at fair value within the scope of IAS 40, orbiological assets related to agricultural activity measured at fair value lesscosts to sell within the scope of IAS 41. However, this Standard applies toassets that are carried at revalued amount (ie fair value at the date of therevaluation less any subsequent accumulated depreciation and subsequentaccumulated impairment losses) in accordance with other IFRSs, such as therevaluation model in IAS 16 Property, Plant and Equipment and IAS 38 IntangibleAssets. The only difference between an asset’s fair value and its fair value lesscosts of disposal is the direct incremental costs attributable to the disposal ofthe asset.(a)If the disposal costs are negligible, the recoverable amount of therevalued asset is necessarily close to, or greater than, its revaluedamount. In this case, after the revaluation requirements have beenapplied, it is unlikely that the revalued asset is impaired andrecoverable amount need not be estimated.(b)[deleted](c)If the disposal costs are not negligible, the fair value less costs ofdisposal of the revalued asset is necessarily less than its fair value.Therefore, the revalued asset will be impaired if its value in use is lessthan its revalued amount. In this case, after the revaluationrequirements have been applied, an entity applies this Standard todetermine whether the asset may be impaired.Definitions6The following terms are used in this Standard with the meanings specified:Carrying amount is the amount at which an asset is recognised ion)andaccumulated impairment losses thereon.A cash-generating unit is the smallest identifiable group of assets thatgenerates cash inflows that are largely independent of the cash inflowsfrom other assets or groups of assets.Corporate assets are assets other than goodwill that contribute to the futurecash flows of both the cash-generating unit under review and othercash-generating units.Costs of disposal are incremental costs directly attributable to the disposal ofan asset or cash-generating unit, excluding finance costs and income taxexpense.A1420 IFRS Foundation
IAS 36Depreciable amount is the cost of an asset, or other amount substituted forcost in the financial statements, less its residual value.Depreciation (Amortisation) is the systematic allocation of the depreciableamount of an asset over its useful life.1Fair value is the price that would be received to sell an asset or paid totransfer a liability in an orderly transaction between market participants atthe measurement date. (See IFRS 13 Fair Value Measurement.)An impairment loss is the amount by which the carrying amount of an assetor a cash-generating unit exceeds its recoverable amount.The recoverable amount of an asset or a cash-generating unit is the higher ofits fair value less costs of disposal and its value in use.Useful life is either:(a)the period of time over which an asset is expected to be used by theentity; or(b)the number of production or similar units expected to be obtainedfrom the asset by the entity.Value in use is the present value of the future cash flows expected to bederived from an asset or cash-generating unit.Identifying an asset that may be impaired71Paragraphs 8–17 specify when recoverable amount shall be determined. Theserequirements use the term ‘an asset’ but apply equally to an individual assetor a cash-generating unit. The remainder of this Standard is structured asfollows:(a)paragraphs 18–57 set out the requirements for measuring recoverableamount. These requirements also use the term ‘an asset’ but applyequally to an individual asset and a cash-generating unit.(b)paragraphs 58–108 set out the requirements for recognising andmeasuring impairment losses. Recognition and measurement ofimpairment losses for individual assets other than goodwill are dealtwith in paragraphs 58–64. Paragraphs 65–108 deal with therecognition and measurement of impairment losses forcash-generating units and goodwill.(c)paragraphs 109–116 set out the requirements for reversing animpairment loss recognised in prior periods for an asset or acash-generating unit. Again, these requirements use the term ‘an asset’but apply equally to an individual asset or a cash-generating unit.Additional requirements for an individual asset are set out inparagraphs 117–121, for a cash-generating unit in paragraphs 122 and123, and for goodwill in paragraphs 124 and 125.In the case of an intangible asset, the term ‘amortisation’ is generally used instead of‘depreciation’. The two terms have the same meaning. IFRS FoundationA1421
IAS 36(d)paragraphs 126–133 specify the information to be disclosed aboutimpairment losses and reversals of impairment losses for assets andcash-generating units. Paragraphs 134–137 specify additionaldisclosure requirements for cash-generating units to which goodwill orintangible assets with indefinite useful lives have been allocated forimpairment testing purposes.8An asset is impaired when its carrying amount exceeds its recoverableamount. Paragraphs 12–14 describe some indications that an impairment lossmay have occurred. If any of those indications is present, an entity is requiredto make a formal estimate of recoverable amount. Except as described inparagraph 10, this Standard does not require an entity to make a formalestimate of recoverable amount if no indication of an impairment loss ispresent.9An entity shall assess at the end of each reporting period whether there isany indication that an asset may be impaired. If any such indication exists,the entity shall estimate the recoverable amount of the asset.10Irrespective of whether there is any indication of impairment, an entityshall also:(a)test an intangible asset with an indefinite useful life or an intangibleasset not yet available for use for impairment annually bycomparing its carrying amount with its recoverable amount. Thisimpairment test may be performed at any time during an annualperiod, provided it is performed at the same time every year.Different intangible assets may be tested for impairment atdifferent times. However, if such an intangible asset was initiallyrecognised during the current annual period, that intangible assetshall be tested for impairment before the end of the current annualperiod.(b)test goodwill acquired in a business combination for impairmentannually in accordance with paragraphs 80–99.11The ability of an intangible asset to generate sufficient future economicbenefits to recover its carrying amount is usually subject to greateruncertainty before the asset is available for use than after it is available foruse. Therefore, this Standard requires an entity to test for impairment, at leastannually, the carrying amount of an intangible asset that is not yet availablefor use.12In assessing whether there is any indication that an asset may be impaired,an entity shall consider, as a minimum, the following indications:External sources of information(a)A1422there are observable indications that the asset’s value has declinedduring the period significantly more than would be expected as aresult of the passage of time or normal use. IFRS Foundation
IAS 36(b)significant changes with an adverse effect on the entity have takenplace during the period, or will take place in the near future, in thetechnological, market, economic or legal environment in which theentity operates or in the market to which an asset is dedicated.(c)market interest rates or other market rates of return oninvestments have increased during the period, and those increasesare likely to affect the discount rate used in calculating anasset’s value in use and decrease the asset’s recoverableamount materially.(d)the carrying amount of the net assets of the entity is more than itsmarket capitalisation.Internal sources of information(e)evidence is available of obsolescence or physical damage of an asset.(f)significant changes with an adverse effect on the entity have takenplace during the period, or are expected to take place in the nearfuture, in the extent to which, or manner in which, an asset is usedor is expected to be used. These changes include the asset becomingidle, plans to discontinue or restructure the operation to which anasset belongs, plans to dispose of an asset before the previouslyexpected date, and reassessing the useful life of an asset as finiterather than indefinite.2(g)evidence is available from internal reporting that indicates that theeconomic performance of an asset is, or will be, worse thanexpected.Dividend from a subsidiary, joint venture or associate(h)132for an investment in a subsidiary, joint venture or associate, theinvestor recognises a dividend from the investment and evidence isavailable that:(i)the carrying amount of the investment in the separatefinancial statements exceeds the carrying amounts in theconsolidated financial statements of the investee’s net assets,including associated goodwill; or(ii)the dividend exceeds the total comprehensive income of thesubsidiary, joint venture or associate in the period thedividend is declared.The list in paragraph 12 is not exhaustive. An entity may identify otherindications that an asset may be impaired and these would also require theentity to determine the asset’s recoverable amount or, in the case of goodwill,perform an impairment test in accordance with paragraphs 80–99.Once an asset meets the criteria to be classified as held for sale (or is included in a disposal groupthat is classified as held for sale), it is excluded from the scope of this Standard and is accountedfor in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. IFRS FoundationA1423
IAS 3614Evidence from internal reporting that indicates that an asset may be impairedincludes the existence of:(a)cash flows for acquiring the asset, or subsequent cash needs foroperating or maintaining it, that are significantly higher than thoseoriginally budgeted;(b)actual net cash flows or operating profit or loss flowing from the assetthat are significantly worse than those budgeted;(c)a significant decline in budgeted net cash flows or operating profit, ora significant increase in budgeted loss, flowing from the asset; or(d)operating losses or net cash outflows for the asset, when currentperiod amounts are aggregated with budgeted amounts for the future.15As indicated in paragraph 10, this Standard requires an intangible asset withan indefinite useful life or not yet available for use and goodwill to be testedfor impairment, at least annually. Apart from when the requirementsin paragraph 10 apply, the concept of materiality applies in identifyingwhether the recoverable amount of an asset needs to be estimated. Forexample, if previous calculations show that an asset’s recoverable amount issignificantly greater than its carrying amount, the entity need not re-estimatethe asset’s recoverable amount if no events have occurred that wouldeliminate that difference. Similarly, previous analysis may show that anasset’s recoverable amount is not sensitive to one (or more) of the indicationslisted in paragraph 12.16As an illustration of paragraph 15, if market interest rates or other marketrates of return on investments have increased during the period, an entity isnot required to make a formal estimate of an asset’s recoverable amount inthe following cases:A1424(a)if the discount rate used in calculating the asset’s value in use isunlikely to be affected by the increase in these market rates. Forexample, increases in short-term interest rates may not have a materialeffect on the discount rate used for an asset that has a long remaininguseful life.(b)if the discount rate used in calculating the asset’s value in use is likelyto be affected by the increase in these market rates but previoussensitivity analysis of recoverable amount shows that:(i)it is unlikely that there will be a material decrease inrecoverable amount because future cash flows are also likely toincrease (eg in some cases, an entity may be able todemonstrate that it adjusts its revenues to compensate for anyincrease in market rates); or(ii)the decrease in recoverable amount is unlikely to result in amaterial impairment loss. IFRS Foundation
IAS 3617If there is an indication that an asset may be impaired, this may indicate thatthe remaining useful life, the depreciation (amortisation) method or theresidual value for the asset needs to be reviewed and adjusted in accordancewith the Standard applicable to the asset, even if no impairment loss isrecognised for the asset.Measuring recoverable amount18This Standard defines recoverable amount as the higher of an asset’s orcash-generating unit’s fair value less costs of disposal and its value in use.Paragraphs 19–57 set out the requirements for measuring recoverableamount. These requirements use the term ‘an asset’ but apply equally to anindividual asset or a cash-generating unit.19It is not always necessary to determine both an asset’s fair value less costs ofdisposal and its value in use. If either of these amounts exceeds the asset’scarrying amount, the asset is not impaired and it is not necessary to estimatethe other amount.20It may be possible to measure fair value less costs of disposal, even if there isnot a quoted price in an active market for an identical asset. However,sometimes it will not be possible to measure fair value less costs of disposalbecause there is no basis for making a reliable estimate of the price at whichan orderly transaction to sell the asset would take place between marketparticipants at the measurement date under current market conditions. Inthis case, the entity may use the asset’s value in use as its recoverable amount.21If there is no reason to believe that an asset’s value in use materially exceedsits fair value less costs of disposal, the asset’s fair value less costs of disposalmay be used as its recoverable amount. This will often be the case for an assetthat is held for disposal. This is because the value in use of an asset held fordisposal will consist mainly of the net disposal proceeds, as the future cashflows from continuing use of the asset until its disposal are likely to benegligible.22Recoverable amount is determined for an individual asset, unless the assetdoes not generate cash inflows that are largely independent of those fromother assets or groups of assets. If this is the case, recoverable amount isdetermined for the cash-generating unit to which the asset belongs (seeparagraphs 65–103), unless either:23(a)the asset’s fair value less costs of disposal is higher than its carryingamount; or(b)the asset’s value in use can be estimated to be close to its fair value lesscosts of disposal and fair value less costs of disposal can be measured.In some cases, estimates, averages and computational short cuts may providereasonable approximations of the detailed computations illustrated in thisStandard for determining fair value less costs of disposal or value in use. IFRS FoundationA1425
IAS 36Measuring the recoverable amount of an intangible assetwith an indefinite useful life24Paragraph 10 requires an intangible asset with an indefinite useful life to betested for impairment annually by comparing its carrying amount with itsrecoverable amount, irrespective of whether there is any indication that itmay be impaired. However, the most recent detailed calculation of such anasset’s recoverable amount made in a preceding period may be used in theimpairment test for that asset in the current period, provided all of thefollowing criteria are met:(a)if the intangible asset does not generate cash inflows from continuinguse that are largely independent of those from other assets or groupsof assets and is therefore tested for impairment as part of thecash-generating unit to which it belongs, the assets and liabilitiesmaking up that unit have not changed significantly since the mostrecent recoverable amount calculation;(b)the most recent recoverable amount calculation resulted in an amountthat exceeded the asset’s carrying amount by a substantial margin; and(c)based on an analysis of events that have occurred and circumstancesthat have changed since the most recent recoverable amountcalculation, the likelihood that a current recoverable amountdetermination would be less than the asset’s carrying amount isremote.Fair value less costs of disposal25–27[Deleted]28Costs of disposal, other than those that have been recognised as liabilities, arededucted in measuring fair value less costs of disposal. Examples of such costsare legal costs, stamp duty and similar transaction taxes, costs of removingthe asset, and direct incremental costs to bring an asset into condition for itssale. However, termination benefits (as defined in IAS 19) and costs associatedwith reducing or reorganising a business following the disposal of an asset arenot direct incremental costs to dispose of the asset.29Sometimes, the disposal of an asset would require the buyer to assume aliability and only a single fair value less costs of disposal is available for boththe asset and the liability. Paragraph 78 explains how to deal with such cases.Value in use30A1426The following elements shall be reflected in the calculation of an asset’svalue in use:(a)an estimate of the future cash flows the entity expects to derivefrom the asset;(b)expectations about possible variations in the amount or timing ofthose future cash flows; IFRS Foundation
IAS 363132(c)the time value of money, represented by the current marketrisk-free rate of interest;(d)the price for bearing the uncertainty inherent in the asset; and(e)other factors, such as illiquidity, that market participants wouldreflect in pricing the future cash flows the entity expects to derivefrom the asset.Estimating the value in use of an asset involves the following steps:(a)estimating the future cash inflows and outflows to be derived fromcontinuing use of the asset and from its ultimate disposal; and(b)applying the appropriate discount rate to those future cash flows.The elements identified in paragraph 30(b), (d) and (e) can be reflected eitheras adjustments to the future cash flows or as adjustments to the discount rate.Whichever approach an entity adopts to reflect expectations about possiblevariations in the amount or timing of future cash flows, the result shall be toreflect the expected present value of the future cash flows, ie the weightedaverage of all possible outcomes. Appendix A provides additional guidance onthe use of present value techniques in measuring an asset’s value in use.Basis for estimates of future cash flows3334In measuring value in use an entity shall:(a)base cash flow projections on reasonable and supportableassumptions that represent management’s best estimate of therange of economic conditions that will exist over the remaininguseful life of the asset. Greater weight shall be given to externalevidence.(b)base cash flow projections on the most recent financial budgets/forecasts approved by management, but shall exclude any estimatedfuture cash inflows or outflows expected to arise from futurerestructurings or from improving or enhancing the asset’sperformance. Projections based on these budgets/forecasts shallcover a maximum period of five years, unless a longer period can bejustified.(c)estimate cash flow projections beyond the period covered by themost recent budgets/forecasts by extrapolating the projectionsbased on the budgets/forecasts using a steady or declining growthrate for subsequent years, unless an increasing rate can be justified.This growth rate shall not exceed the long-term average growth ratefor the products, industries, or country or countries in which theentity operates, or for the market in which the asset is used, unlessa higher rate can be justified.Management assesses the reasonableness of the assumptions on which itscurrent cash flow projections are based by examining the causes of differencesbetween past cash flow projections and actual cash flows. Management shallensure that the assumptions on which its current cash flow projections are IFRS FoundationA1427
IAS 36based are consistent with past actual outcomes, provided the effects ofsubsequent events or circumstances that did not exist when those actual cashflows were generated make this appropriate.35Detailed, explicit and reliable financial budgets/forecasts of future cash flowsfor periods longer than five years are generally not available. For this reason,management’s estimates of future cash flows are based on the most recentbudgets/forecasts for a maximum of five years. Management may use cashflow projections based on financial budgets/forecasts over a period longer thanfive years if it is confident that these projections are reliable and it candemonstrate its ability, based on past experience, to forecast cash flowsaccurately over that longer period.36Cash flow projections until the end of an asset’s useful life are estimated byextrapolating the cash flow projections based on the financial budgets/forecasts using a growth rate for subsequent years. This rate is steady ordeclining, unless an increase in the rate matches objective information aboutpatterns over a product or industry lifecycle. If appropriate, the growth rate iszero or negative.37When conditions are favourable, competitors are likely to enter the marketand restrict growth. Therefore, entities will have difficulty in exceeding theaverage historical growth rate over the long term (say, twenty years) for theproducts, industries, or country or countries in which the entity operates, orfor the market in which the asset is used.38In using information from financial budgets/forecasts, an entity considerswhether the information reflects reasonable and supportable assumptions andrepresents management’s best estimate of the set of economic conditions thatwill exist over the remaining useful life of the asset.Composition of estimates of future cash flows3940A1428Estimates of future cash flows shall include:(a)projections of cash inflows from the continuing use of the asset;(b)projections of cash outflows that are necessarily incurred togenerate the cash inflows from continuing use of the asset(including cash outflows to prepare the asset for use) and can bedirectly attributed, or allocated on a reasonable and consistentbasis, to the asset; and(c)net cash flows, if any, to be received (or paid) for the disposal of theasset at the end of its useful life.Estimates of future cash flows and the discount rate reflect consistentassumptions about price increases attributable to general inflation. Therefore,if the discount rate includes the effect of price increases attributable togeneral inflation, future cash flows are estimated in nominal terms. If thediscount rate excludes the effect of price increases attributable to generalinflation, future cash flows are estimated in real terms (but include futurespecific price increases or decreases). IFRS Foundation
IAS 3641Projections of cash outflows include those for the day-to-day servicing of theasset as well as future overheads that can be attributed directly, or allocatedon a reasonable and consistent basis, to the use of the asset.42When the carrying amount of an asset does not yet include all the cashoutflows to be incurred before it is ready for use or sale, the estimate of futurecas
Impairment of Assets, which had originally been issued by the International Accounting Standards Committee in June 1998. That standard consolidated all the requirements on how to assess for recoverability of an asset. These requirements were contained in IAS 16 Property, Plant and Equipment, IAS 22 Business Combinations, IAS 28 Accounting for .
wat e r for texas 2012 at at lan. 205. chapter 8: impacts of plans. bacteria impairment bacteria impairment for oysters dissolved oxygen impairment toxicity impairment ph impairment biological integrity impairment dissolved solids impairment metals impairment organics impairment nitrate and nitrite impairment. figure 8.1.
In scope of IAS 36 Excluded from scope of IAS 36 Property, plant and equipment Inventories (IAS 2) Assets arising from construction contracts (IAS 11) Assets arising from employee benefits (IAS 19) Deferred tax assets (IAS 12) Financial assets within the scope of IAS 39 Investment
IAS 39, investment properties in IAS 40, and agricultural livestock and produce in IAS 41. IAS 40 became effective for 2001 calendar years. Prior to IAS 40, investment property was accounted for under the general tangible fixed asset standard IAS 16, Property, Plant and Equipment. A
IAS 14 Segment Reporting 1 July 1998 Not included in this questionnaire IAS 16 Property, Plant and Equipment 1 January 2005 100 IAS 17 Leases 1 January 2005 112 IAS 18 Revenue 1 January 1995 123 IAS 19 Employee Benefits 1 January 1999 130 IAS 20 Accounting for Government Grants and Disclosure of Government Assistance
An impairment test must be undertaken if there are indications of impairment. Consequently, the identification of indicators of impairment becomes a crucial stage in the process. IAS 36 provides guidance in the form of a list of internal and external indicators of impairment. It stresses that this list is the
IPSAS 16 Investment Property IAS 40 IPSAS 17 Property, Plant and Equipment IAS 16 IPSAS 18 Segment Reporting IAS 14 IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets IAS 37 IPSAS 20 Related Party Disclosures IAS 24 IPSAS 21 Impair
IAS 36 – LỖ TỔN THẤT TÀI SẢN. xxx KHÔNG áp dụngcho Ápdụngcho x Hàng tồnkho (IAS 2) x . Tài sản tài chính (IFRS 9) x . Quyền lợi người lao động (IAS 19) x . Tài sản thuế hoãn lại (IAS 12) x . Hợp đồng xây dựng (IAS 11) x . Bất động s
The American Revolution, 1763-1783 By Pauline Maier This essay excerpt is provided courtesy of the Gilder Lehrman Institute of American History. INDEPENDENCE The Seven Years’ War had left Great Britain with a huge debt by the standards of the day. Moreover, thanks in part to Pontiac’s Rebellion, a massive American Indian uprising in the territories won from France, the British decided to .
