528 paragraphs found in AASB 136
At the beginning of 20X2, a new government is elected in Country A. It passes legislation significantly restricting exports of T’s main product. As a result, and for the foreseeable future, T’s production in Country A will be cut by 40 per …
The significant export restriction and the resulting production decrease require T also to estimate the recoverable amount of the Country A operations at the beginning of …
T uses straight-line depreciation over a 12-year life for the Country A identifiable assets and anticipates no residual value. …
To determine the value in use for the Country A cash-generating unit (see Schedule 2), T: (a) prepares cash flow forecasts derived from the most recent financial budgets/forecasts for the next five years (years 20X2–20X6) approved by management. (b) …
The recoverable amount of the Country A cash-generating unit is CU1,360. …
T compares the recoverable amount of the Country A cash-generating unit with its carrying amount (see Schedule 3). …
Because the carrying amount exceeds the recoverable amount by CU1,473, T recognises an impairment loss of CU1,473 immediately in profit or loss. The carrying amount of the goodwill that relates to the Country A operations is reduced to zero before …
Tax effects are accounted for separately in accordance with AASB 112 Income Taxes (see Illustrative Example 3A). Schedule 2. Calculation of the value in use of the Country A cash-generating unit at the beginning of 20X2 Year Long-term growth rates …
Use the data for entity T as presented in Example 2, with supplementary information as provided in this example. …