IAS 36 – Impairment of Assets

Abstract

The Board revised IAS 36 in March 2004 as part of the first phase of its business combinations project. In January 2008 the Board amended IAS 36 again as part of the second phase of its business combinations project. In May 2013 IAS 36 was amended by Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36). The amendments required the disclosure of information about the recoverable amount of impaired assets, if that amount is based on fair value less costs of disposal and the disclosure of additional information about that fair value measurement.