CERTYNEX IFRS ACADEMY

The Hollis group recognised a material impairment loss on its West Network cash-generating unit. The unit's recoverable amount is its value in use, calculated with a discount rate of 9%, compared with 8% in the previous estimate. Regarding the recoverable amount, which of the following must be disclosed?

The fact that the recoverable amount is value in use.

The level of the IFRS 13 fair value hierarchy within which the measurement is categorised.

The discount rate of 9% used for the current estimate.

The discount rate of 8% used in the previous estimate.

The valuation technique and key assumptions specific to a Level 3 fair value.