BC48 The reversal of impairment losses when specified requirements (ie those set out in paragraphs 109-123 of IAS 36) are met is required of all entities for all assets (excluding goodwill and equity investments classified as available for sale). Respondents to ED 6 who commented on this issue and who disagreed with the ability to reverse impairment losses advanced no new arguments why the Board should prohibit reversal of impairment losses in the case of exploration and evaluation assets. Consequently, the Board reaffirmed its conclusion that it would not be appropriate to propose an exemption from the requirement to reverse impairment losses for exploration and evaluation assets.