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IAS 36: Impairment of AssetsObjective (para. 1)Scope (paras. 2-5)Definitions (para. 6)Identifying an asset that may be impaired (paras. 7-17)Measuring recoverable amount (paras. 18-57)Recognising and measuring an impairment loss (paras. 58-64)Cash-generating units and goodwill (paras. 65-108)Reversing an impairment loss (paras. 109-125)Disclosure (paras. 126-137)Transition provisions and effective date (paras. 138-140N)Withdrawal of IAS 36 (issued 1998) (para. 141)Appendix A Using present value techniques to measure value in useAppendix B Amendment to IAS 16Appendix C Impairment testing cash-generating units with goodwill and non-controlling interestsApproval by the Board of IAS 36 issued in March 2004Approval by the Board of Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36) issued in May 2013IAS 36: Basis for ConclusionsIntroduction (paras. BC1-BC3)Scope (paragraph 2) (paras. BCZ4-BCZ8)Measuring recoverable amount (paragraphs 18-57) (paras BCZ9-BCZ30)BCZ9-BCZ11Recoverable amount based on the sum of undiscounted cash flows (paras. BCZ12-BCZ13)Recoverable amount based on fair value (paras. BCZ14-BCZ20)Recoverable amount based on value in use (paras. BCZ21-BCZ22)Recoverable amount based on the higher of net selling price and value in use (paras. BCZ23-BCZ27)Other refinements to the measurement of recoverable amount (paras. BCZ28-BCZ30)Net selling price (paragraphs 25-29) (paras. BCZ31-BCZ39)BCZ31-BCZ36Net realisable value (paras. BCZ37-BCZ39)Value in use (paragraphs 30-57 and Appendix A) (paras. BCZ40-BC80)BCZ40Expected value approach (paras. BCZ41-BCZ42)Future cash flows from internally generated goodwill and synergy with other assets (paras. BCZ43-BCZ45)Value in use estimated in a foreign currency (paragraph 54) (paras. BCZ46-BCZ51)Discount rate (paragraphs 55-57 and A15-A21) (paras. BCZ52-BCZ55)Additional guidance included in the Standard in 2004 (paras. BC56-BC80)Income taxes (paras. BCZ81-BC94)Consideration of future tax cash flows (paras. BCZ81-BCZ84)Determining a pre‑tax discount rate (para. BCZ85)Interaction with IAS 12 (paras. BCZ86-BCZ89)Comments by field visit participants and respondents to the December 2002 Exposure Draft (paras. BC90-BC94)Recognition of an impairment loss (paragraphs 58-64) (paras. BCZ95-BCZ112)BCZ95Recognition based on a ‘permanent’ criterion (paras. BCZ96-BCZ97)Recognition based on a ‘probability’ criterion (paras. BCZ98-BCZ104)Recognition based on an ‘economic’ criterion (paras. BCZ105-BCZ107)Revalued assets: recognition in the income statement versus directly in equity (paras. BCZ108-BCZ112)Cash‑generating units (paragraphs 66-73) (paras. BCZ113-BC118)BCZ113-BCZ115Internal transfer pricing (paragraph 70) (paras. BC116-BC118)Testing indefinite‑lived intangibles for impairment (paras. BC119-BC130)BC119-BC120Frequency and timing of impairment testing (paragraphs 9 and 10(a)) (paras. BC121-BC128)Measuring recoverable amount and accounting for impairment losses and reversals of impairment losses (paras. BC129-BC130)Testing goodwill for impairment (paragraphs 80-99) (paras. BC131-BC177)Allocating goodwill to cash‑generating units (paragraphs 80-87) (paras. BC137-BC159)Recognition and measurement of impairment losses (paragraphs 88-99 and 104) (paras. BC160-BC170)Changes as a result of 2008 revisions to IFRS 3 (Appendix C) (para. BC170A)Timing of impairment tests (paragraphs 96-99) (paras. BC171-BC177)Allocating an impairment loss between the assets of a cash‑generating unit (paragraphs 104-107) (paras. BCZ178-BCZ181)Reversing impairment losses for assets other than goodwill (paragraphs 110-123) (paras. BCZ182-BCZ186)Reversing goodwill impairment losses (paragraph 124) (paras. BC187-BC191)Disclosures for cash‑generating units containing goodwill or indefinite‑lived intangibles (paragraphs 134 and 135) (paras. BC192-BC209)Background to the proposals in the Exposure Draft (paras. BC192-BC204)The Board’s redeliberations (paras. BC205-BC209)Changes as a result of Improvements to IFRSs (2008) (para. BC209A)Changes as a result of IFRS 13 Fair Value Measurement (paras. BC209B-BC209Q)BC209B-BC209DRecoverable Amount Disclosures for Non-Financial Assets (paras. BC209E-BC209Q)Transitional provisions (paragraphs 138-140) (paras. BC210-BC228C)BC210-BC215Transitional impairment test for goodwill (paras. BC216-BC222)Transitional impairment test for indefinite‑lived intangibles (paras. BC223-BC226)Early application (paragraph 140) (paras. BC227-BC228)Transitional provision for Improvements to IFRSs (2009) (para. BC228A)Transition provisions for Recoverable Amount Disclosures for Non-Financial Assets (paras. BC228B-BC228C)Summary of main changes from the Exposure Draft (para. BC229)History of the development of a standard on impairment of assets (paras. BCZ230-BCZ233)Dissenting opinionsIAS 36: Illustrative Examples
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Version date: 26 February 2020 - onwards

Introduction (paras. BC1-BC3)

BC1 This Basis for Conclusions summarises the International Accounting Standards Board’s considerations in reaching the conclusions in IAS 36 Impairment of Assets. Individual Board members gave greater weight to some factors than to others.

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