2019-04-08T12:53:34.719Z <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> the higher of fair value less costs of disposal and value in use) for the individual asset, then determine recoverable amount for the asset's cash-generating unit (CGU). 2019-04-04T11:09:58.000Z <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj Agriculture (IAS 41) Chapter 11. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> 13 0 obj endobj 2_fmarticle_aug2016.pdf . 2019-04-05T20:53:51.702Z endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> IAS 36 has a list of external and internal indicators of impairment. National Education Policy - 2019 Posted on 22 July 2019 Click here for the Document about observations on the draft of National Education Policy endobj endobj The IASB will also reissue standards in this series where it considers it appropriate. 226 0 obj In accordance with IAS 36 Impairment of Assets, an entity is required to test an intangible asset with an indefinite useful life for impairment by comparing its recoverable amount with its carrying amount (a) annually, and (b) whenever there is an indication that the intangible asset may be impaired. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. IAS 36 applies to all assets except: [IAS 36.2]. 23 0 obj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj endobj [IAS 36.20], For assets to be disposed of, recoverable amount is fair value less costs of disposal. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> [IAS 36.35] Management should assess the reasonableness of its assumptions by examining the causes of differences between past cash flow projections and actual cash flows. the higher of fair value less costs of disposal and value in use). [IAS 36.9], The recoverable amounts of the following types of intangible assets are measured annually whether or not there is any indication that it may be impaired. endobj endobj 99 0 obj endobj Each unit or group of units to which the goodwill is so allocated shall: [IAS 36.80], A cash-generating unit to which goodwill has been allocated shall be tested for impairment at least annually by comparing the carrying amount of the unit, including the goodwill, with the recoverable amount of the unit: [IAS 36.90], The impairment loss is allocated to reduce the carrying amount of the assets of the unit (group of units) in the following order: [IAS 36.104], The carrying amount of an asset should not be reduced below the highest of: [IAS 36.105]. This publications provides a summary of the recognition and measurement requirements of IFRSs published up to October 2018 . [IAS 36.50], In measuring value in use, the discount rate used should be the pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the asset. 25 0 obj endobj The best guide is the price in a binding sale agreement, in an arm's length transaction adjusted for costs of disposal. 244 0 obj [IAS 36.44], Estimates of future cash flows should not include cash inflows or outflows from financing activities, or income tax receipts or payments. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> IAS 36 Impairment of Assets 2017 - 07 2 An assets value in use is the present value of the future cash flows expected to be derived from an asset or cash generating unit. Click Here to download Vision IAS PT 365 Polity And Constitution 2019 (English) PDF. IAS 36 Impairment of Assets The objective of this Standard is to prescribe the procedures that an entity applies to ensure that its assets are carried at no more than their recoverable amount. Welcome to Insights IAS Revision Plan for UPSC Civil Services Preliminary Exam – 2019… endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj We request you to respect our Hard Work. <> If so, calculate recoverable amount. 117 0 obj [IAS 36.34], Cash flow projections should relate to the asset in its current condition – future restructurings to which the entity is not committed and expenditures to improve or enhance the asset's performance should not be anticipated. 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