CERTYNEX IFRS ACADEMY

Kymorne claims that restating 2024 is impracticable 'because the useful life that would have been used at the time would have to be estimated'. Yet the 2024 technical data are available. What should be concluded?

Impracticability is established as soon as an estimate is needed.

Impracticability is not established: an estimate based on the circumstances of the time remains possible.

Impracticability is established if the estimate is made in 2025.

Impracticability is established if the restatement reduces profit.