CERTYNEX IFRS ACADEMY

Pelvane measures its office buildings under the revaluation model and its machinery at cost. In 20X2, an impairment loss of 50,000 was recognised on the buildings, of which 30,000 in other comprehensive income and 20,000 in profit or loss (split given), in the line item Depreciation, amortisation and impairment. A reversal of 8,000 was recognised in profit or loss on the machinery, in the line item Other income. For the Office buildings class, the draft note states only: impairment loss of 20,000 in profit or loss. What must be added?

Disclose the loss of 30,000 recognised in other comprehensive income and state the line item of profit or loss that includes the loss of 20,000.

Nothing: by class, only losses recognised in profit or loss must be disclosed.

Present a loss of 50,000 in profit or loss, reclassifying the part recognised in other comprehensive income to simplify the note.

Add the reversal of 8,000 on the machinery to the line of the Office buildings class, so as to present a net amount.