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IAS-36 Asset Impairment Guidelines

IAS-36 outlines the scope and timing of impairment testing for assets, excluding certain categories such as inventory and financial assets. Impairment tests are conducted annually for specific assets like goodwill and development costs, while other assets are tested based on events. Indications for impairment can arise from both external and internal factors, including dividend distributions from subsidiaries that exceed comprehensive income.

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22 views5 pages

IAS-36 Asset Impairment Guidelines

IAS-36 outlines the scope and timing of impairment testing for assets, excluding certain categories such as inventory and financial assets. Impairment tests are conducted annually for specific assets like goodwill and development costs, while other assets are tested based on events. Indications for impairment can arise from both external and internal factors, including dividend distributions from subsidiaries that exceed comprehensive income.

Uploaded by

muhammadwaqar2174
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

IAS-36 IMPAIRMENT OF ASSETS

SCOPE
IAS-37 does not apply to followings
inventory(IAS-2)
contract assets and assets arising from costs to obtain or fulfil a contract (IFRS 15);
deferred tax assets (IAS 12);
assets arising from employee benefits (IAS 19);
financial assets (IFRS 9);
investment property measured at fair value (IAS 40);
biological assets measured at fair value less costs to sell (IAS 41);
contracts within the scope of IFRS 17; and
non-current assets held for sale
TIMING OF IMPAIRMENT TESTING
Imapirment test is annually
Assets not available for use yet(development cost, WIP,) ( investment property unde consrutction)
intangibles with indefinite life
goodwill acquired in business combination
On All other assets impairment is Event base
INDICATION FOR IMPAIRMENT
EXTERNAL INDICATIONS

INTERNAL INDICATIONS

DIVIDEND FROM SUBSIDERY ,JOINT VENTURES,OR ASSOCIATES


for investment in a subsidery ,joint venture or associates the investor recognise the dividend from the investment and ev
carrying value of investment in separate finanical statement is more than the carrying value of consolidated fiancial stam
dividend exceed the total comprehensive income of associate ( company k profit 2 cror ha aur us ny 3 cror k dividend sho
m the investment and evidence is avialable that :
onsolidated fiancial stamtent (net assets + goodwill ) mtlb Investment zayda ha consolidation my cost of invesment kam ha
us ny 3 cror k dividend show kr deya to impairment k indication ha kiyu k associate ny reserves ko touch keya ha
esment kam ha
Schedule Diet plan
Time Activity Time Diet
5:am to 5:30am eat coffee and streching Morning 2 bread slice+jam+ coffe
5:30am to 9am Lectures BreakFast 4 bread slice + peanut butter + m
9am to 6pm office Snack 6 Dates + 2 banana
8pm to 9pm Exercise Lunch As usual
10pm to 5am Sleep Dinner As usual
Snack Mix Fruit
Diet
2 bread slice+jam+ coffe
4 bread slice + peanut butter + milk shake+ 4 boiled eggs egg -
6 Dates + 2 banana dates 1000
banana 1800
bread 1800
butter 3000
7,600

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