the combination carrying number of intangible property with indefinite handy lives allotted to Individuals units (groups of models).
Cash‑producing models shall be identified continually from time period to interval for the same asset or sorts of belongings, Except if a modify is justified.
If an Lively market exists to the output made by an asset or group of assets, that asset or team of belongings shall be identified like a cash‑producing device, whether or not some or most of the output is applied internally.
For the reason that his mom wished to name him John and his father chosen to call him Ray when he was born, they compromised on the initials "J. R.
In allocating an impairment decline in accordance with paragraph 104, an entity shall not decrease the carrying quantity of an asset beneath the very best of:
Just about every important assumption on which management has based mostly its cash circulation projections for your period of time lined by The newest budgets/forecasts. Essential assumptions are Individuals to which the unit’s (group of models’) recoverable amount of money is most delicate.
If fair value considerably less expenditures of disposal is calculated using discounted cash flow projections, an entity shall disclose the following info:
This Common does not apply to inventories, assets arising from design contracts, deferred tax assets, belongings arising from employee Advantages, or assets categorised as held for sale (or included in a disposal team that is assessed as held available for purchase) [Refer:IFRS five paragraphs six–14] since present IFRSs applicable to these assets have demands for recognising and measuring these assets.
In utilizing data from economic budgets/forecasts, an entity considers whether the data displays affordable and supportable assumptions and represents administration’s best estimate from the set of economic problems that can exist above the remaining valuable life of the asset.
dependant on an Investigation of functions which have occurred and circumstances that have changed since the most recent recoverable sum calculation, the probability that a present-day recoverable amount of money willpower might be fewer than the asset’s carrying amount of money is distant.
the level of reversals of impairment losses on revalued more info belongings recognised in other complete profits in the interval.
When the disposal fees are not negligible, the honest worth much less charges of disposal of your revalued asset is essentially less than its fair value. As a result, the revalued asset is going to be impaired if its price in use is under its revalued amount of money.
At the time of impairment screening a cash‑generating device to which goodwill has long been allocated, there may be an indication of the impairment of an asset inside the unit made up of the goodwill. In these kinds of situations, the entity exams the asset for impairment initially, and recognises any impairment decline for that asset just before tests for impairment the cash‑generating unit that contains the goodwill.
if recoverable amount has long been established on The premise of worth in use, or on The premise of good worth considerably less charges of disposal employing a present worth strategy*, disclose the discounted fee