CERTYNEX IFRS ACADEMY

What must an entity do at each reporting date for its assets within the scope of IAS 36 (other than assets subject to an annual test)?

Assess whether there is any indication of impairment.

Compute the value in use of each asset and compare it with its carrying amount, even without an indication.

Have an external valuation performed of all the assets in the statement of financial position, at each reporting date.

Nothing, as long as the asset is depreciated systematically over its useful life.