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22 de fev. de 2024 · The CGU, or the group of CGUs, receiving the allocation of goodwill must be smaller than or equal to the size of an operating segment as outlined in IFRS 8, before aggregation. Although not explicitly mentioned in IAS 36, this stipulation is also applicable to entities that do not have publicly traded debt or equity instruments and are, consequently, not required to report segment information ...
Let’s consider an example illustrating a simple impairment test of a cash-generating unit (CGU) based on value in use: Example: Simple impairment test of a CGU based on value in use. The following illustrates a simple impairment test of a CGU prepared on 31 December 20X0. It is recommended that you download and review the accompanying Excel file.
8 de jan. de 2020 · Cash generating unit. by Wynand Brits » Fri Jan 31, 2020 12:39 pm. - Holds mining right. Company A will sell the minerals to third parties and Company B will invoice Company A for the work performed. - Company A does not have any other assets except for the mining right (Intangible asset). Company A and B are fellow subsidiaries.
22 de fev. de 2024 · IAS 36 mandates companies to evaluate whether there’s any indication of asset impairment at every reporting date (IAS 36.9). Entities must consider various indicators. External signs include a noticeable decrease in an asset’s market value beyond expected wear and tear. Significant adverse changes in technology, market conditions, economic ...
23 de fev. de 2024 · IAS 36 outlines the disclosure requirements in paragraphs 126-137. The primary requirements are detailed in IAS 36.134, which focus on the disclosure of how an entity determines the recoverable amount during its impairment test. However, these detailed disclosures are mandated only for CGUs that have goodwill or intangible assets with ...
17 de mai. de 2024 · Notably, if the group qualifies as a CGU to which goodwill has been allocated or operates within such a unit, it includes goodwill (IFRS 5 Appendix A). Consequently, if a non-current asset within the scope of IFRS 5 is part of a disposal group, the remaining assets and liabilities are a part of that disposal group classified as held for sale, even if some are exempt from IFRS 5’s measurement ...
17 de mai. de 2024 · A component of an entity refers to operations and cash flows which can be clearly distinguished, both in terms of operations and financial reporting, from the rest of the entity (IFRS 5 Appendix A). IFRS 5.31 elaborates that such a component would have been identified as a CGU when in use or as a separate subsidiary (IFRS 5.36A). Abandoned ...
19 de jul. de 2024 · The measurement of deferred tax is based on the carrying amount of the entity’s assets and liabilities (IAS 12.55), and therefore, cannot be based on an asset’s fair value if the asset is measured at cost. It is also noteworthy that deferred tax assets and liabilities are not discounted (IAS 12.53-54).
12 de mar. de 2024 · Thanks, had a look and the majority report individual store's as CGU's. Example companies such as M&S, Next, Ted Baker, Frasers Group, John Lewis. M&S for example: For impairment testing purposes, the Group has determined that each store is a separate CGU, with the exception of Outlets stores, which are considered together as one CGU.
5 de abr. de 2020 · If a company complies with all IFRS but fails to define the CGU because (the cost controlling team is not efficient, and nobody available to work on the project). Is there any alternative acceptable from the auditor's view? (impairment test on intangibles for example). By the way, the goodwill is nil. Thank you.
