CERTYNEX IFRS ACADEMY

Granvel Ltd, whose reporting date is 31 December, holds a brand with an indefinite useful life. When may it perform the annual impairment test of this brand?

At any time during the annual period, provided it is performed at the same time every year.

Necessarily on 31 December, the reporting date.

On any date, chosen freely from one year to the next depending on the workload.

Only when management approves a new multi-year budget.