- Disclosures regarding each material impairment recognised or reversed
- Disclosures regarding aggregate impairment losses and the aggregate reversals of impairment losses
- Unallocated goodwill
The entity is required to make the following disclosures regarding impairments for each class of assets:
- The amount of impairment losses recognised in profit or loss for the period and the line item in the statement of comprehensive income in which those impairment losses are included.
- The same information should be provided about reversals of impairment losses recognised in profit or loss for the period.
- The amount of impairment losses on revalued assets recognised in other comprehensive income for the period (and in the revaluation reserve).
- The amount of reversals of impairment losses on revalued assets reversed in other comprehensive income for the period (and in the revaluation reserve).
Disclosures and Financial Statements
If the impairment losses are material to the financial statements, the following disclosures should be included:
- events that led to the recognition or reversal of the impairment loss
- amount of the impairment loss recognised or reversed
- for an individual asset
- nature of the asset
- reportable segment to which it belongs (if IFRS 8 – Operating Segments applies to the entity)
Cash Generating Units
For a cash generating unit, the following disclosures are required:
- Description of the cash-generating unit
- Amount of the impairment loss recognised or reversed by class of assets (or operating segment)
- Whether the recoverable amount is the fair value less cost of disposal or value in use.
- If the fair value less costs of disposal method is used, the basis of calculation (eg. Reference to an active market)
- If the recoverable amount is value in use, the discount rate used in the current estimate and previous estimate (if any)
Entities with Multiple Assets or CGUs
For entities with a number of different assets or CGUS:
- The main classes of assets affected by impairment losses or reversals
- The main events and circumstances that led to the recognition of these impairment losses or reversals