FR Index 2015

INCLUDES THE CARRING AMOUNT OF ONLY THOSE ASSETS THAT CAN BE ATTRIBUTED DIRECTLY. OR ALLOCATED 551 ON A REASONABLE AND CONSISTENT BASIS, TO THE CASH GENERATING UNIT AND WILL GENERATE THE FUTURE CASH INFLOWS USED IN DETERINING THE CASH GENERATING UNITS VALUE IN USE 551 WHEN IT IS ONLY PRACTICAL TO DETERMINE THE RECOVERABLE AMOUNT OF A CGU BY INCLUDING ASSETS 551 WHEN THE SALE OF A CGU WOULD REQUIRE A BUYER TO ASSUME A LIABILTY 541 BASED ON REASONABLE AND SUPPORTABLE ASSUMPTIONS THAT REPRESENT MANAGEMENTS BEST ESTIMATE OF THE RANGE OF ECONOMIC CONDITIONS THAT WILL EXIST OVER THE REMAINING USEFUL LIFE OF THE ASSET
541 BASED ON THE MOST RECENT FINANCIAL BUDGETS/FORECASTS APPROVED BY MANAGEMENT BEYOND A FIVE YEAR PERIOD ARE ESTIMATED BY EXTRAPOLATING THE SUBSEQUENT YEARS, UNLESS AN 541 INCREASING RATE CAN BE JUSTIFIED. 541 GREATER WEIGHT IS GIVEN TO EXTERNAL EVIDENCE RATHER THAN MANAGEMENT EXPECTATIONS GROWTH RATE SHALL NOT EXCEED THE LONG-TERM AVERAGE GROWTH RATE FOR THE PRODUCTS, INDUSTRIES 541 OR COUNTRY IN WHICH THE ENTITY OPERATES UNLESS A HIGHER RATE CAN BE JUSTIFIED PROJECTIONS ARE ONLY PERMITTED TO COVER A MAXIMUM PERIOD OF FIVE YEARS, UNLESS A LONGER PERIOD 541 CAN BE JUSTIFIED 541 THE FORECASTS SHALL TAKE INTO ACCOUNT MANAGEMENT ACCURACY IN ESTIMATING PAST CASH FLOWS 549 ONLY RELEVANT FOR IMPAIRMENT TESTING WHEN THE RECOVERABLE AMOUNT OF AN ASSET IS UNABLE TO BE INDIVIDUALLY DETERMINED
555 IAS 36 555
SIGNIFICANT CHANGES WITH AN ADVERSE EFFECT ON THE ENTITY HAVE TAKEN PLACE DURING THE PERIOD, OR ARE EXPECTED TO TAKE PLACE IN THE NEAR FUTURE, IN THE EXTENT TO WHICH, OR THE MANNER IN WHICH, AN ASSET IS USED OR IS EXPECTED TO BE USED. THESE CHANGES INCLUDE THE ASSET BECOMING IDLE, PLANS TO DISCONTINUE OR RESTRUCTURE THE OPERATION TO WHICH AN ASSET BELONGS, PLANS TO DISPOSE OF AN ASSET BEFORE THE PREVIOUSLY EXPECTED DATE, AND REASSESSING THE USEFUL LIFE OF AN ASSET AS FINITE RATHER THAN INDEFINITE’ (PARA. 12(F)). A CHANGE IN THE MANNER IN WHICH AN ASSET IS EXPECTED TO BE USED MAY RESULT FROM A RESTRUCTURING WITHIN THE ENTITY OR A DECISION BY THE ENTITY TO DISCONTINUE A PARTICULAR ACTIVITY. ASSETS OTHER THAN GOODWILL THAT CONTRUTE TO THE FUTURE CASH FLOWS OF BOTH THE CGU UNDER REVIEW AND OTHER CGUS ASSETS OTHER THAN GOODWILL THAT CONTRUTE TO THE FUTURE CASH FLOWS OF BOTH THE CGU UNDER REVIEW AND OTHER CGUS EXAMPLE INCLUDING THE HEAD OFFICE OF AN ENTITY, INFORMATION TECHNOLGY INFRASTRUCTURE AND RESEARCH FACILLITIES
CHANGE IN ASSET USE
5Βιβλιοθήκη Baidu4
CORPORATE ASSETS CORPORATE ASSETS CORPORATE ASSETS CORPORATE ASSETS - KEY CHARACTERISTICS CORPORATE ASSETS - KEY CHARACTERISTICS
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549 549 530 IAS 36 575 575 552
Notes
HOW MANAGEMENT MAKES DECISIONS ABOUT CONTINUING OR DISPOSING OF THE ENTITYS ASSETS AND OPERATIONS THAT IS AT WHAT LEVEL OFGROUPING OF ASSETS DECISIONS ARE MADE HOW MANAGEMENT MONITORS THE ENTITYS OPERATIONS FOR EXAMPLE BY PRODUCT LINES, BUSINESSES, INDIVIDUAL LOCATIONS, DISTRICTS OR REGIONAL AREAS THE SMALLEST IDENTIFIABLE GROUP OF ASSETS THAT GENERATES CASH INFLOWS THAT ARE LARGELY INDEPENDENT OF THE CASH INFLOWS FROM OTHER ASSETS OR GROUP OF ASSETS THE SMALLEST IDENTIFIABLE GROUP OF ASSETS THAT GENERATES CASH INFLOWS THAT ARE LARGELY INDEPENDENT OF THE CASH INFLOWS FROM OTHER ASSETS OR GROUP OF ASSETS IN SOME BUT NOT ALL INSTANCES, DISCOUNT RATES AND LONG-TERM GROWTH RATES WERE GIVEN BY CGUS, BUT IN OTHERS THERE WERE ONLY UNQUANTIFIED REFERENCES TO ADJUSTMENTS FOR RISKS SPECIFIC TO THE RELEVANT MARKET. THE NARRATIVE DISCLOSURES TENDED TO BE MADE AT AN AGGREGATE RATHER THAN CGU LEVEL.
Key Word
ASSET IMPAIRMENT CARRYING AMOUNT CARRYING AMOUNT CARRYING AMOUNT CARRYING AMOUNT OF CGU
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Notes
537 EXAMPLE AN ASSET SHALL NOT BE REDUCED BELOW THE HIGEST OF THE FOLLOWING: ITS FAIR VALUE LESS COSTS OF 556 DISPOSAL (IF MEASUREABLE), ITS VALUE IN USE (IF DETERMINABLE) AND ZERO CARRYING AMOUNT IS COMPARED TO RECOVERABLE AMOUNT - WHICH IS THE HIGHER OF FAIR VALUE LESS 537 COSTS OFDISPOSAL AND VALUE IN USE THE AMOUNT AT WHICH AN ASSET IS RECOGNISED AFTER DEDUCTING ANY ACCUMULATED DEPRECIATION 530 (AMORTISATION) AND ACCUMULATAED IMPAIRMENT LOSSES THEREON 551 DOES NOT INCLUDE THE CARRYING AMOUNT OF ANY RECOGNISED LIABILITY, UNLESS THE RECOVERABLE AMOUNT OF THE CASH GENERATING UNIT CANNOT BE DETERMINED WIHTOUT CONSIERATION OF THIS LIABILITY
CARRYING AMOUNT OF CGU CARRYING AMOUNT OF CGU - EXCLUSIONS CARRYING AMOUNT OF CGU - EXCLUSIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH FLOW PROJECTIONS CASH GENERATING UNIT CASH GENERATING UNIT - IDENTIFICATION
555 THEIR CARRYING AMOUNT CANNOT BE FULLY ATTRIBUTED TO THE CGU UNDER REVIEW 555 THEY DO NOT GENERATE CASH INFLOWS INDEPENDENTLY FROM OTHER ASSETS OR GROUPS OF ASSETS
550 EXAMPLE 7.4 (QUESTION)
Key Word
CASH GENERATING UNIT - IDENTIFICATION CASH GENERATING UNIT - IDENTIFICATION CASH-GENERATING UNIT CASH-GENERATING UNIT CASH-GENERATING UNITS CASH-GENERATING UNITS CGU TESTING WITH GOODWILL FOR IMPAIRMENT