Page 53 - 2018 FAC4864 Test 4 slides - Borrowing Costs & IFRS 5

NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Reversal of an impairment loss/gain on

remeasurement of an individual asset

• An entity shall recognise a gain for any subsequent

increase in fair value less costs to sell of an asset,

but not in excess of the cumulative impairment loss

that has been recognised either in accordance with

IFRS 5 or previously under IAS 36 Impairment of

assets. (IFRS 5.21)

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