Skip to main content
IFRS Academy

CERTYNEX IFRS ACADEMY

Search the Academy

Home
My learning path
Exercises & quizzes
Cases
Workpapers
Exams
My progress

CalculationIntermediateVariant — group VG.IAS38.000709Published

Question · Impairment losses: linkage to IAS 36

An online bank measures its internally developed payment platform at cost; the platform cost 1,350,000 and has been amortised by 450,000 to date. Following a major outage of the platform, the bank performs a test under IAS 36: the recoverable amount determined is 990,000. Under IAS 36, when the recoverable amount is lower than the carrying amount, the difference is recognised as an impairment loss in profit or loss. What is the carrying amount before the test and what impairment loss must be recognised?

Cost of the platform
1,350,000
Accumulated amortisation
450,000
Recoverable amount determined under IAS 36
990,000
Your answer

← Back to the concept