CERTYNEX IFRS ACADEMY

For each class of assets, what information about impairment losses and their reversals must an entity disclose?

Only the impairment losses recognised in profit or loss, with the line items of the statement of profit or loss in which they are included.

The losses and reversals recognised in profit or loss, with the line items concerned, and those recognised in other comprehensive income on revalued assets.

The total amount of impairment losses for the year, across all classes, without separating out reversals of losses.

The recoverable amount, the basis for that amount and the discount rate used for each class of assets on the balance sheet.