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CA Final · Financial Reporting · Ind AS 36 Impairment of Assets

Ind AS 36 deletes the references in paragraphs 103, 137 and C9 to Illustrative Examples. Which pairing of paragraph and the example it referred to is correct?

Paragraph 103 referred to Example 8 of the Illustrative Examples, which illustrated corporate assets. Paragraph 137 referred to Example 9 on disclosures, and paragraph C9 referred to Example 7 on a non-wholly-owned cash-generating unit with goodwill.

  1. AParagraph 103 - Example 8, on corporate assetsCorrect
  2. BParagraph 137 - Example 7, on non-wholly-owned CGU
  3. CParagraph C9 - Example 9, on disclosures
  4. DParagraph 103 - Example 9, on disclosures

Explanation

Per the comparison, paragraph 103 referred to Example 8 on corporate assets, paragraph 137 to Example 9 on disclosures under paragraphs 134 and 135, and C9 to Example 7 on a non-wholly-owned CGU with goodwill. Only option 1 pairs correctly.

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