Date-stamp loading
Version date: 25 June 2020 - onwards
  Version 3 of 3    

Scope (paras. 2-5)

2 This Standard shall be applied in accounting for the impairment of all assets, other than:

(a) inventories (see IAS 2 Inventories);

(b) contract assets and assets arising from costs to obtain or fulfil a contract that are recognised in accordance with IFRS 15 Revenue from 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 Financial Instruments;

(f) investment property that is measured at fair value (see IAS 40 Investment Property);

(g) biological assets related to agricultural activity within the scope of IAS 41 Agriculture that are measured at fair value less costs to sell;

(h) contracts within the scope of IFRS 17 Insurance Contracts that are assets and any assets for insurance acquisition cash flows as defined in IFRS 17; and

(i) non-current assets (or disposal groups) classified as held for sale in accordance with IFRS 5 Non-

Comparing proposed amendment...