Table of Contents
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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