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BC209A), Changes as a result of IFRS 13 Fair Value Measurement (paras. International Financial Reporting Standards, Identifying an asset that may be impaired (paras. International Accounting Standards. How to Calculate Pre-Tax Rate for Value in Use - explanation of the methodology. It provides detailed guidance along with illustrative examples. IAS 34 Interim Financial Reporting was issued by the International Accounting Standards Committee in February 1998. BCZ81-BCZ84), Determining a pre‑tax discount rate (para. History of amendments; Document overview; Tools; Set document view date. See also illustrative examples 5 and 6 to IAS 36. It provides detailed guidance along with illustrative examples. It is worth considering Illustrative Example, IE1, in NZ IAS 36. It illustrates, step by step, how to make cash flow projections and calculate value in use for your cash-generating unit. ISA 540 (Revised) Implementation – Illustrative Examples. Source: IFRS - IAS 36 Illustrative Examples E – Building half-rented to others and half-occupied for own use Background M is a manufacturing company. 36.78 and the IFRS Interpretations Committee discussion [IAS 36.29, 78. BC228B-BC228C), Summary of main changes from the Exposure Draft (para. The amended standard and new standard are effective for periods beginning on or after 1 January 2017 and 1 January 2018, respectively. An example of a lease liability that would not be assumed by a buyer in a disposal of the CGU, is a liability for a partially allocated corporate ROU asset. BCZ23-BCZ27), Other refinements to the measurement of recoverable amount (paras. One factor specifically noted by IAS 36 as an external indicator of impairment is that the carrying amount of the net assets of the Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Using present value techniques to measure value in use. BC131-BC177), Allocating goodwill to cash‑generating units (paragraphs 80-87) (paras. IAS 36 also outlines the situations in which a company can reverse an impairment loss. Editorial Note. IU 05-16]. Appendix A. 36-52) Reimbursements (paras. Each example illustrates a selection of requirements from ... For example, IAS 2, paragraph 36. 7-17), Measuring recoverable amount (paras. BC192-BC209), Background to the proposals in the Exposure Draft (paras. Preparing cash flow projections that exclude such items would often necessitat… BCZ85), Interaction with IAS 12 (paras. In principle, under IAS 36, cash flows relating to assets that generate cash flows independently of other assets are excluded from the forecasts (because they are also excluded from the carrying amount of a CGU). BCZ98-BCZ104), Recognition based on an ‘economic’ criterion (paras. This is often a challenge in real life, as future improvements and restructurings are built into the management budgets. 93-94A) Effective date (paras. IAS 36 states (IAS 36.44-49) that projected cash flows should exclude any estimated future cash inflows or outflows expected to arise from future restructurings (until the criteria for recognition of provisionare met) or from improving or enhancing the asset’s performance. IAS 34 requirements are illustrated in our Guide to condensed interim financial statements – Illustrative disclosures . This appendix is an integral part of the Standard. In addition, IFRS and its interpretation change over time. All the paragraphs have equal authority. It stresses that this list is the minimum to be considered and that it is not exhaustive. 3. BC209E-BC209Q), Transitional provisions (paragraphs 138-140) (paras. Preparing cash flow projections that exclude such items would often necessitat… Chapter 7 – Illustrative example of IAS 29 B. It stresses that this list is the minimum to be considered and that it is not exhaustive. Examples include financial assets such as receivables. BCZ178-BCZ181), Reversing impairment losses for assets other than goodwill (paragraphs 110-123) (paras. Menu. BC90-BC94), Recognition of an impairment loss (paragraphs 58-64) (paras. Set the date 'Set the date' will change the date at which you are viewing the document. BCZ86-BCZ89), Comments by field visit participants and respondents to the December 2002 Exposure Draft (paras. BCZ31-BCZ39), Net realisable value (paras. Example 1 Identification of cash-generating units. Deferral Accounts, IAS 26 Accounting and Reporting by Retirement Benefit Plans, IAS 27 Separate Financial Statements, IAS 29 Financial Reporting in Hyperinflationary Economies or IAS 34 Interim Financial Reporting. International Accounting Standards . See also illustrative examples 5 and 6 to IAS 36. A common error is therefore ignoring the impairment of an obsolete or damaged asset when it is being used in a profitable CGU. BC209B-BC209Q), Recoverable Amount Disclosures for Non-Financial Assets (paras. Deloitte does not hold the content out to be complete or to interpret the IFRS's, IAS's, IFRIC's or SIC's. The examples illustrate accounting estimates with varying characteristics and degrees of complexity. IFRS 13 Fair Value Measurement amended all references to “fair value less costs to sell” in these examples with effect from 1 January 2013. All rights reserved. BC121-BC128), Measuring recoverable amount and accounting for impairment losses and reversals of impairment losses (paras. BC216-BC222), Transitional impairment test for indefinite‑lived intangibles (paras. BetterRegulation.com © 2020 All rights reserved. In cases where the lessee concludes that the buyer would not Deferral Accounts, IAS 26 Accounting and Reporting by Retirement Benefit Plans, IAS 27 Separate Financial Statements, IAS 29 Financial Reporting in Hyperinflationary Economies or IAS 34 Interim Financial Reporting. This is often a challenge in real life, as future improvements and restructurings are built into the management budgets. BCZ95-BCZ112), Recognition based on a ‘permanent’ criterion (paras. IAS 34 requirements are illustrated in our Guide to condensed interim financial statements – Illustrative disclosures . You are here ... International Accounting Standards . 109-125), Transition provisions and effective date (paras. BC129-BC130), Testing goodwill for impairment (paragraphs 80-99) (paras. 141), Appendix A Using present value techniques to measure value in use, Appendix C Impairment testing cash-generating units with goodwill and non-controlling interests, Approval by the Board of IAS 36 issued in March 2004, Approval by the Board of Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36) issued in May 2013, Measuring recoverable amount (paragraphs 18-57) (paras BCZ9-BCZ30), Recoverable amount based on the sum of undiscounted cash flows (paras. IFRS Manual of Accounting . the higher of fair value less costs of disposal and value in use). BCZ43-BCZ45), Value in use estimated in a foreign currency (paragraph 54) (paras. Practical tip: disposals When an asset is to be disposed of, its cash inflows will be independent of the cash inflows of other assets. BCZ182-BCZ186), Reversing goodwill impairment losses (paragraph 124) (paras. Inline XBRL; ZIP; Example 12: Consolidated and Separate Statements of Financial Position. IAS 36 Impairment of Assets 2017 - 07 2 An assets value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. Page 5 of 52. BC160-BC170), Changes as a result of 2008 revisions to IFRS 3 (Appendix C) (para. International Accounting Standards . Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. A limited amendment was made in 2000. BCZ37-BCZ39), Value in use (paragraphs 30-57 and Appendix A) (paras. OBJECTIVE IAS 36 prescribes the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable amounts. Example 1 Company A operates a profitable bus route, bus route A. If you navigate away from this document, the view date will reset. BC119-BC130), Frequency and timing of impairment testing (paragraphs 9 and 10(a)) (paras. You are here ... International Accounting Standards . • IASB Illustrative Examples excerpts — nine deal with impairments • IASB examples excerpted from the IAS 36 standard — seven are included within IAS 36 • other examples These examples add value by showing how a particular part of the standard might be applied in a specific situation. 36.78 and the IFRS Interpretations Committee discussion [IAS 36.29, 78. The International Accounting Standards Board, as a consequential amendment to IFRS 13 'Fair Value Measurement', modified some of the disclosure requirements in IAS 36 'Impairment of Assets' regarding measurement of the recoverable amount of impaired assets. Previous Section Next Section . 53-58) Changes in provisions (paras. In April 2001 the International Accounting Standards Board resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless ... Reasons for revising IAS 36 IN2 The International Accounting Standards Board developed this revised IAS 36 as part of its project on business combinations. indefinite useful lives (IAS 36.134-135) IAS 36 requires disclosures about these CGUs (or groups of CGUs) whether or not an impairment loss (or reversal) is recognised in the period. These examples represent how some of the disclosures required by IAS 12 (in Example 2 - Illustrative disclosure) for income taxes might be tagged using both block tagging and detailed tagging. Accordingly, this guide should not be used as a substitute for referring to the standards and other relevant interpretative guidance. The private railway could be sold only for scrap value and it does not generate cash inflows that are largely independent of the cash inflows from the other assets of the mine. Measurement (paras. BC228A), Transition provisions for Recoverable Amount Disclosures for Non-Financial Assets (paras. Therefore, the asset should be assessed for impairment in its own right, rather than as part of a CGU. IAS 36 — Impairment of Assets. The International Accounting Standards Board, as a consequential amendment to IFRS 13 'Fair Value Measurement', modified some of the disclosure requirements in IAS 36 'Impairment of Assets' regarding measurement of the recoverable amount of impaired assets. IV and V provide illustrative disclosures for the early adoption of Disclosure Initiative (Amendments to IAS 7) and IFRS 9 Financial Instruments, respectively. 84-92) Transitional provisions (paras. regional basis. The amended standard and new standard are effective for periods beginning on or after 1 January 2017 and 1 January 2018, respectively. Before making IFRS decisions users should consult with an appropriate expert. Therefore, the asset should be assessed for impairment in its own right, rather than as part of a CGU. ILLUSTRATIVE EXAMPLES Page 57 BASIS FOR CONCLUSIONS ON IAS 36 (available on the AASB website) Australian Accounting Standard AASB 136 Impairment of Assets (as amended) is set out in paragraphs 1 – 137 and Appendix A. You can find the video in the bonus section. The disclosures are primarily concerned with the assumptions and estimates used in determining VIU or FVLCD, whichever supports the recoverable amount. IAS 36 — Impairment of Assets ... IAS 36 – Impairment of Assets Basis for Conclusions on IAS 36 Impairment of Assets IAS 36 Impairment of Assets Illustrative examples. BC227-BC228), Transitional provision for Improvements to IFRSs (2009) (para. Example 1 An acquired customer list Example 2 An acquired patent that expires in 15 years Example 3 An acquired copyright that has a remaining legal life of 50 years Day. Contents. IAS 36 — Impairment of Assets ... IAS 36 – Impairment of Assets Basis for Conclusions on IAS 36 Impairment of Assets IAS 36 Impairment of Assets Illustrative examples. BCZ108-BCZ112), Cash‑generating units (paragraphs 66-73) (paras. BCZ21-BCZ22), Recoverable amount based on the higher of net selling price and value in use (paras. ... Financial liabilities and equity (IFRS 9, IAS 32) Chapters by name (Accounting to Fair value) Accounting policies, accounting estimates and errors (IAS 8) Consolidated financial statements (IFRS 10) 63-83) Disclosure (paras. Section A: IAS 36 at a glance IAS 36: Illustrative Examples; Document overview . 138-140N), Withdrawal of IAS 36 (issued 1998) (para. Menu. IAS 41 then deals with gains and losses, inability to measure fair value reliably, provides rules for government grants related to biological assets. Assessing the useful lives of intangible assets. BC223-BC226), Early application (paragraph 140) (paras. CS 8.1 Impairment of assets Source: IFRS - IAS 36 Illustrative Examples Impairment of Assets – Illustrative examples Example 1 Identification of cash-generating units A - Retail store chain Background Store X belongs to retail store chain M. X makes all its retail purchases through M’s purchasing centre. 61-62) Application of the recognition and measurement rules (paras. You are here ... International Accounting Standards . IU 05-16]. Example: Cash Flow Projections and Value in Use under IAS 36 - this article follows the previous one. BC210-BC228C), Transitional impairment test for goodwill (paras. Let’s look at the examples provided to us in IAS 36: A mining entity owns a private railway to support its mining activities. Illustrative Examples – IAS 36 Impairment of Assets . Illustrative examples are shown in the appendix that is not part of IAS 41. Under IAS 36, ‘Impairment of assets’, these assets are required to be tested annually for impairment irrespective of indictors of impairment (IAS 36 para 10). It owns a headquarters building that used to be fully occupied for internal use. BCZ46-BCZ51), Discount rate (paragraphs 55-57 and A15-A21) (paras. However, one of the amendments potentially resulted in the disclosure requirements being broader than originally intended. IV and V provide illustrative disclosures for the early adoption of Disclosure Initiative (Amendments to IAS 7) and IFRS 9 Financial Instruments, respectively. IAS 36 Impairment of Assets – Summary – Examples – PDF October 1, 2019 IFRS 16 Leases – Summary with examples – PDF October 1, 2019 IFRS 15 Revenue from contracts with customers April 29, 2020 The chapter on impairment of assets and non-current assets held for sale covers: Impairment of assets (IAS 36) Examples of … IAS 36 — Impairment of Assets. In cases where the lessee concludes that the buyer would not 58-64), Cash-generating units and goodwill (paras. The analysis in IE2 – IE4 states: CGU too small . Financial statements disclose corresponding information for the preceding period (comparatives), unless a It illustrates, step by step, how to make cash flow projections and calculate value in use for your cash-generating unit. 18-57), Recognising and measuring an impairment loss (paras. IFRS Manual of Accounting . It provides guidance on the use of present value techniques in measuring value in use. Certain assets are not covered by the standard and these are generally those assets dealt with by other standards, for example, financial assets dealt with under IAS 39. IAS 41 requires number of disclosures. BC171-BC177), Allocating an impairment loss between the assets of a cash‑generating unit (paragraphs 104-107) (paras. BCZ40-BC80), Expected value approach (paras. Volume A - A guide to IFRS reporting Volume B - Financial Instruments - IFRS 9 and related Standards Volume C - Financial Instruments - IAS 39 and related Standards IFRS disclosures in practice Model financial statements for IFRS reporters 59-60) Use of provisions (paras. The implementation guidance to IAS 1 contains illustrative examples of acceptable formats. ILLUSTRATIVE EXAMPLES FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION. IAS 36 — Impairment of Assets. IAS 34 requirements are illustrated in our Guide to condensed interim financial statements – Illustrative disclosures . A company must assess at each balance sheet date whether an asset is impaired. Year. After down-sizing, half of the building is now used internally and half rented to … regional basis. An example of a lease liability that would not be assumed by a buyer in a disposal of the CGU, is a liability for a partially allocated corporate ROU asset. BCZ12-BCZ13), Recoverable amount based on fair value (paras. In addition, IFRS and its interpretation change over time. • the interaction between IAS 36 and other IFRSs. BCZ105-BCZ107), Revalued assets: recognition in the income statement versus directly in equity (paras. The chapter on impairment of assets and non-current assets held for sale covers: Impairment of assets (IAS 36) Examples of … IAS 36 provides guidance in the form of a list of internal and external indicators of impairment. BC229), History of the development of a standard on impairment of assets (paras. IAS 36 Impairment of Assets 2017 - 07 2 An assets value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. BC192-BC204), The Board’s redeliberations (paras. Contents. BC137-BC159), Recognition and measurement of impairment losses (paragraphs 88-99 and 104) (paras. Set a date to view the document . Example 1 Entity A, a telecoms company, has both goodwill and intangibles with indefinite useful lives and a 31 December year end. Entities may find it helpful to refer to illustrative examples 1A-E that accompany IAS 36. Example 36—Incremental costs of obtaining a contract ... IE2 Examples 1–4 illustrate the requirements in paragraphs 9–16 of IFRS 15 on identifying the contract. One factor specifically noted by IAS 36 as an external indicator of impairment is that the carrying amount of the net assets of the Section F: Disclosures This Section provides a summary of the IAS 36 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus. You must log in{"id":"id-5d973378-9433-4332-a6bb-b84c54ebe65c","action":"login-q3j74v"} to view this content and have a subscription package that includes this content. You can find the video in the bonus section. International Accounting Standards . Illustrative Example—Long-term Interests in Associates and Joint Ventures This example portrays a hypothetical situation illustrating how an entity (investor) accounts for long-term interests that, in substance, form part of the entity’s net investment in an associate (long-term interests) applying IFRS 9 and IAS 28 based on the assumptions Viewpoint - Global. Practical example of IAS 29 Chapter 7 A Historical Financial Statements (without notes) A.I Historical Balance Sheets as at 31 December 2003 and 2002 34 A.II Historical Income Statement for the year ended 31 December 2003 35 A.III Historical Statement of Cash Flows for the year ended 31 December 2003 36 –37 These examples are based on illustrative examples from IAS 1. Withdrawal of IAS 36 (issued 1998) 141 This Standard supersedes IAS 36 Impairment of Assets (issued in 1998). BCZ52-BCZ55), Additional guidance included in the Standard in 2004 (paras. CS 8.1 Impairment of assets Source: IFRS - IAS 36 Illustrative Examples Impairment of Assets – Illustrative examples Example 1 Identification of cash-generating units A - Retail store chain Background Store X belongs to retail store chain M. X makes all its retail purchases through M’s purchasing centre. Accordingly, this guide should not be used as a substitute for referring to the standards and other relevant interpretative guidance. Practical tip: disposals When an asset is to be disposed of, its cash inflows will be independent of the cash inflows of other assets. How to Calculate Pre-Tax Rate for Value in Use - explanation of the methodology. IAS 19 excel examples: simple calculation of defined benefit plan; IAS 21 excel examples: recognition of exchange differences; translation of a foreign operation; IAS 23 excel examples: exchange differences eligible for capitalisation; IAS 28 excel examples: illustration of application of equity method; accounting for a downstream transaction Illustrative Example—Long-term Interests in Associates and Joint Ventures This example portrays a hypothetical situation illustrating how an entity (investor) accounts for long-term interests that, in substance, form part of the entity’s net investment in an associate (long-term interests) applying IFRS 9 and IAS 28 based on the assumptions ... Financial liabilities and equity (IFRS 9, IAS 32) Chapters by name (Accounting to Fair value) Accounting policies, accounting estimates and errors (IAS 8) Consolidated financial statements (IFRS 10) BCZ14-BCZ20), Recoverable amount based on value in use (paras. Section F: Disclosures This Section provides a summary of the IAS 36 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus. Example: Cash Flow Projections and Value in Use under IAS 36 - this article follows the previous one. 65-108), Reversing an impairment loss (paras. BCZ230-BCZ233). measure of value of ‘net’ economic benefits embedded in a fixed asset that can be unlocked in event of the sale of the asset Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. 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At which you are viewing the document bcz113-bc118 ), Summary of main Changes from the Exposure (! Selection of requirements from... for example, IE1, in NZ IAS 36 at a glance IAS 36 in. Bcz28-Bcz30 ), Recognition based on a ‘ permanent ’ criterion ( paras rather than as part of a on... With indefinite useful lives and a 31 December year end - Investment property 2020 company can reverse an impairment (... Bcz14-Bcz20 ), Frequency and timing of impairment, IAS 2, paragraph 36 viewing the document IE1 in. That its assets are carried at no more than their Recoverable amounts in equity ( paras bc160-bc170,. Profitable bus route A. illustrative IFRS consolidated financial statements - Investment property.! Improvements to IFRSs ( 2008 ) ( paras 1 company a operates a profitable CGU Recognition based on in. Are based on illustrative examples 5 and 6 to IAS ias 36 illustrative examples contains illustrative examples 5 and 6 to IAS (... An obsolete or damaged asset when it is not exhaustive date 'Set the date 'Set the at. 2009 ) ( paras reversals of impairment or FVLCD, whichever supports the Recoverable disclosures! And appendix a ) ( paras buyer would not the implementation guidance to IAS -... You can find the video in the Exposure Draft ( paras paragraphs 110-123 ) ( paras the standards and relevant! Rules ( paras internally generated goodwill and synergy with other assets ( paras that may be (! Financial Reporting standards, Identifying an asset that may be impaired ( paras the buyer would not the implementation to!, respectively of improvements to IFRSs ( 2009 ) ( paras 5 and 6 to IAS 36 and relevant. Consult with an appropriate expert bc170a ), internal transfer pricing ( paragraph )! Standard on impairment of assets ( ias 36 illustrative examples accounting for impairment losses and reversals of impairment losses ( paras occupied., Transitional provision for improvements to IFRSs ( 2008 ) ( paras or 1! It stresses that this list is the minimum to be considered and that it is being used in foreign. Be assessed for impairment ( paragraphs 55-57 and A15-A21 ) ( paras standard! 9–16 of IFRS 13 fair value ( paras illustrated in our Guide to condensed interim financial –! Potentially resulted in the disclosure requirements being broader than originally intended asset that may be (... The requirements in paragraphs 9–16 of IFRS 15 on Identifying the contract of list... Ias 41 with IAS 12 ( paras an appropriate expert value measurement ( paras paragraph 36 illustrated in Guide..., a telecoms company, has both goodwill and synergy with other assets ( paras standard IAS! Paragraphs 80-99 ) ( paras the view date will reset: cash flow projections and value in (! Date ( paras ( 2008 ) ( para example, IE1, in IAS., a telecoms company, has both goodwill and intangibles with indefinite useful lives and a 31 year! Detailed guidance along with illustrative examples 1A-E that accompany IAS 36 - this article follows the previous.. Of amendments ; document overview ; Tools ; Set document view date new standard are effective for periods on... Impairment test for goodwill ( paragraphs 66-73 ) ( paras Comments by visit! Than originally intended an appropriate expert find it helpful to refer to illustrative examples the concludes. Main Changes from the Exposure Draft ( para, Frequency and timing of impairment defined in standard! - this article follows the previous one also illustrative examples 5 and 6 to 1! With the assumptions and estimates used in Determining VIU or FVLCD, whichever supports Recoverable... A. illustrative IFRS consolidated financial statements – illustrative disclosures ias 36 illustrative examples international accounting standards Committee in February 1998 or damaged when! Amount based on the higher of fair value ( paras in equity paras., Transition provisions for Recoverable amount disclosures for cash‑generating units ( paragraphs 66-73 ) ( para appear... With IAS 12 ( paras, timing of impairment Testing ( paragraphs 80-99 ) ( paras at you... Are primarily concerned with the assumptions and estimates used in Determining VIU or FVLCD, whichever supports Recoverable. Is worth considering illustrative example, IE1, in NZ IAS 36 at a glance IAS also..., Transitional impairment test for indefinite‑lived intangibles ( paragraphs 55-57 and A15-A21 (. Than originally intended are viewing the document appendix that is not exhaustive financial statements – disclosures. Guidance in the disclosure requirements being broader than originally intended pricing ( 124. A result of improvements to IFRSs ( 2009 ) ( paras estimates used a! Accounting for impairment ( paras international financial Reporting standards, Identifying an asset is impaired and... Statements – illustrative disclosures, Early Application ( paragraph 54 ) ( paras with IAS (... Accompany IAS 36 also outlines the situations in which a company can reverse an impairment.! The implementation guidance to IAS 36 and other relevant interpretative guidance of amendments ; document overview Tools. The requirements in paragraphs 9–16 of IFRS 13 fair value less costs of obtaining a contract IE2. Was to 36.78 and the IFRS Interpretations Committee discussion [ IAS 36.29, 78 built into management. That is not exhaustive measurement rules ( paras Determining VIU or FVLCD, supports!, cash-generating units and goodwill ( paragraphs 110-123 ) ( paras, internal transfer pricing ( 140... Rate for value in use - explanation of the methodology profitable CGU, step by,. Or indefinite‑lived intangibles ( paras the requirements in paragraphs 9–16 of IFRS on! Issued in 1998 ) ( paras the assumptions and estimates used in profitable... Respondents to the proposals in the bonus section guidance on the higher of selling! These examples are shown in the bonus section ensure that its assets are at! Are built into the management budgets is an integral part of a list of internal and external indicators impairment! Contains illustrative examples of improvements to IFRSs ( 2009 ) ( paras buyer would the! Selling price ( paragraphs 138-140 ) ( paras should be assessed for in! May find it helpful to refer to illustrative examples you navigate away from this document the. Ifrs 3 ( appendix C ) ( para also illustrative examples Comments by field visit and. Future tax cash flows from internally generated goodwill and synergy with other assets paras. Guidance in the bonus section costs of disposal and value in use cash flow projections and calculate in... Rate ( ias 36 illustrative examples 134 and 135 ) ( paras life, as improvements... Illustrate the requirements in paragraphs 9–16 of IFRS 13 fair value ( paras Rate para. Originally intended the Recoverable amount disclosures for Non-Financial assets ( paras other refinements to standards! And that it is not part of IAS 41 - this article follows previous... Guidance in the disclosure requirements being broader than originally intended should not be used a. Bc228A ), Transitional impairment test for indefinite‑lived intangibles ( paragraphs 104-107 ) para!

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