CERTYNEX IFRS ACADEMY

Alcyon holds a brand with an indefinite useful life, tested within a CGU. It wishes to reuse for 20X2 the detailed calculation of recoverable amount made in 20X1. Which conditions must be met?

The brand was acquired less than three years ago.

The composition of the CGU has not changed significantly since the last calculation.

The last calculation showed a recoverable amount exceeding the carrying amount by a substantial margin.

The statutory auditor has approved in writing the carry-forward of the calculation.

Based on the events that have occurred since, the likelihood that the current recoverable amount is below the carrying amount is remote.