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22. Feb. 2024 · The CGU, or the group of CGUs, receiving the allocation of goodwill must be smaller than or equal to the size of an operating segment as outlined in IFRS 8, before aggregation. Although not explicitly mentioned in IAS 36, this stipulation is also applicable to entities that do not have publicly traded debt or equity instruments and are, consequently, not required to report segment information ...
23. Feb. 2024 · Let’s consider an example illustrating a simple impairment test of a cash-generating unit (CGU) based on value in use: Example: Simple impairment test of a CGU based on value in use. The following illustrates a simple impairment test of a CGU prepared on 31 December 20X0. It is recommended that you download and review the accompanying Excel file.
22. Feb. 2024 · IAS 36 mandates companies to evaluate whether there’s any indication of asset impairment at every reporting date (IAS 36.9). Entities must consider various indicators. External signs include a noticeable decrease in an asset’s market value beyond expected wear and tear. Significant adverse changes in technology, market conditions, economic ...
23. Feb. 2024 · IAS 36 outlines the disclosure requirements in paragraphs 126-137. The primary requirements are detailed in IAS 36.134, which focus on the disclosure of how an entity determines the recoverable amount during its impairment test. However, these detailed disclosures are mandated only for CGUs that have goodwill or intangible assets with ...
8. Jan. 2020 · In determining whether a group of assets is a CGU, the IFRS Interpretations Committee has confirmed that emphasis is placed on independent cash inflows, rather than net cash flows; therefore, cash outflows in themselves are not relevant. For example, an individual store location with largely independent sales is a CGU.
17. Mai 2024 · Notably, if the group qualifies as a CGU to which goodwill has been allocated or operates within such a unit, it includes goodwill (IFRS 5 Appendix A). Consequently, if a non-current asset within the scope of IFRS 5 is part of a disposal group, the remaining assets and liabilities are a part of that disposal group classified as held for sale, even if some are exempt from IFRS 5’s measurement ...
17. Mai 2024 · A component of an entity refers to operations and cash flows which can be clearly distinguished, both in terms of operations and financial reporting, from the rest of the entity (IFRS 5 Appendix A). IFRS 5.31 elaborates that such a component would have been identified as a CGU when in use or as a separate subsidiary (IFRS 5.36A). Abandoned ...
19. Juli 2024 · The measurement of deferred tax is based on the carrying amount of the entity’s assets and liabilities (IAS 12.55), and therefore, cannot be based on an asset’s fair value if the asset is measured at cost. It is also noteworthy that deferred tax assets and liabilities are not discounted (IAS 12.53-54).
10. Okt. 2022 · Now, in the current year, there is no indication of further impairment nor reversal of impairment, that is, impairment of CGU remains same. The land included in the CGU is kept under revaluation model and in the current year a valuation report has been obtained showing an increase in the value of the land. How should this be accounted for? If I ...
10. Feb. 2024 · Anyhow even if CGU A is tested for impairment, there is no impairment at the level of CGU A. My core question is that if there is an impairment for an individual asset which is part of CGU as it does not generate independent cash flow then should I impair that individual asset according to IAS 36.9 even when the CGU within which the asset is grouped does not show any impairment indication?
