IAS 36Chapter 12Lesson 1
Disclosures about impairment
Step 1 of 7Learning objectives
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An impairment test rests on estimates with significant consequences. IAS 36 therefore requires the entity to explain to users of the financial statements what was recognised (by class of assets and by segment), why (for each loss or reversal of the period) and on which assumptions the tests of units carrying goodwill or indefinite-life intangibles are based, including sensitivity.
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Learning objectives
- Present, by class of assets and by segment, the impairment losses and reversals recognised in profit or loss and in other comprehensive income.
- Prepare the disclosures about a loss or reversal of the period (events, amount, asset or CGU, recoverable amount and its basis, discount rate).
- Prepare the disclosures about the estimates for CGUs carrying significant goodwill or indefinite-life intangibles, including the sensitivity analysis.
- Identify the disclosures about goodwill not yet allocated and about goodwill spread over several insignificant CGUs.