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IAS 36 Impairment of Assets
Investment Property: Disposals and Disclosures for IAS 36
An investment property should be derecognised, (i.e. removed from the Statement of Financial Position) on disposal, or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal.
Impairment: Identifying an Impaired Asset under IAS 36
What Constitutes Impairment?
The basic requirement for IAS 36 – Impairment of Assets, is that assets must be assessed to whether there’s an indication they may be impaired.
Impairment: Disclosures for IAS 36
- Disclosures regarding each material impairment recognised or reversed
- Disclosures regarding aggregate impairment losses and the aggregate reversals of impairment losses
- Unallocated goodwill