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Version date: 10 February 2017 - onwards

Definitions (para. 6)

6 The following terms are used in this Standard with the meanings specified:

"Carrying amount" is the amount at which an asset is recognised after deducting any accumulated depreciation (amortisation) and accumulated impairment losses thereon.

A "cash-generating unit" is the smallest identifiable group of assets that generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets..

"Corporate assets"are assets other than goodwill that contribute to the future cash flows of both the cash-generating unit under review and other cash-generating units.

"Costs of disposal"are incremental costs directly attributable to the disposal of an asset or cash-generating unit, excluding finance costs and income tax expense.

"Depreciable amount" is the cost of an asset, or other amount substituted for cost in the financial statements, less its residual value.