IAS 36 Impairment testing: practical issues

IAS 36 Impairment testing : practical issues Introduction Contents IAS 36 Impairment of Assets (the standard) sets out the procedures that entities must apply to ensure that their assets are carried at no Introduction 2 more than the amounts expected to be recovered through the use or sale of the assets. Executive summary 3. Although the main principles of IAS 36 are very clear, the practical testing for Impairment at the end application of IAS 36 has always been challenging and problems have of each reporting period 4. been brought into focus during the recent economic uncertainty. A special Impairment indicator: This publication discusses some of the main complexities for those market capitalisation 5. who want to better understand the requirements of IAS 36 and Allocating and reallocating goodwill 6 its practical consequences. It provides guidance on a range of application issues that have emerged as common problems across IAS 36 valuation issues 8.

2 IAS 36 Impairment testing: practical issues Introduction IAS 36 Impairment of Assets (the standard) sets out the procedures that entities must apply to ensure that their assets are carried at no more than the amounts expected to be recovered through the use or

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