CERTYNEX IFRS ACADEMY

Delvaux Textiles impaired a weaving loom in 20X1. Which of the following facts arising in 20X2 are internal reversal indications that require it to estimate the loom's recoverable amount again?

The loom has moved one year closer to its future cash flows, without any change in assumptions.

Expenditure has been incurred to improve the loom's performance.

Internal reporting shows that the loom's economic performance is better than expected.

Market interest rates have fallen, which affects the discount rate.