CERTYNEX IFRS ACADEMY

Tamsel revalues its land and measures its machinery at cost. In 20X2, it recognised impairment losses and reversals on both classes. Which of the following must it disclose for each class of assets?

The average discount rate used to test each class.

The amount of impairment losses recognised in profit or loss.

The line items of the statement of profit or loss in which those losses and reversals are included.

A named list of each impaired asset in the class, with its acquisition date.

The amount of reversals of impairment losses recognised in profit or loss.

For the revalued land, the losses and reversals recognised in other comprehensive income.