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NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS
Impairment loss for an individual non-current
asset
At initial classification and measurement as well as
subsequent remeasurement
• An entity shall recognise an impairment loss for any
initial or subsequent write-down of the noncurrent
asset to fair value less costs to sell. (IFRS 5.20)
• The impairment loss calculated will be treated in terms
of IFRS 5. Therefore, regardless of whether the assets
are carried at the cost model or the revaluation model,
the impairment loss will be treated the same.
• The carrying amount of the asset affected will be
credited and the impairment loss will be debited in
P/L in the statement of profit or loss and other
comprehensive income (not revaluation surplus).
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