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Thursday 17 April 2014

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[ED January 2013]

[ED January 2013]


 

Exposure Draft and Comment letters


The International Accounting Standards Board (IASB) today published for public comment an Exposure Draft of proposed modifications to the disclosures in IAS 36 Impairment of Assets for the measurement of the recoverable amount of impaired assets. Those disclosure requirements were introduced by IFRS 13 Fair Value Measurement, issued in May 2011.

There was an error in the Exposure Draft Recoverable Amount Disclosures for Non-financial Assets (ED2013/1).  On page 7, the word ‘material’ was omitted.  It should have been included and struck through.

The paragraph in the published Exposure Draft read:

“An entity shall disclose the following for each impairment loss recognised or reversed during the period for an individual asset, including goodwill, or a cash-generating unit:”

It should have read:

“An entity shall disclose the following for each material impairment loss recognised or reversed during the period for an individual asset, including goodwill, or a cash-generating unit:”

We apologise for any confusion that might have arisen. We have now republished the online PDF and the hardcopy version of this document will incorporate this correction.

Comment letter deadline

 

The commenting period closed on 19 March 2013.

View the comment letters.

Due process document
Exposure Draft: Recoverable Amount Disclosures for Non-Financial Assets (Proposed Amendments to IAS 36) [PDF]
Exposé-sondage: Informations à fournir sur la valeur recouvrable des actifs non financiers (projet de modification d’IAS 36) (French) [PDF]
公開草案: 非金融資産に係る回収可能価額の開示(IAS第36号の修正案) (Japanese) [PDF]

Related information

 

 

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