528 paragraphs found in AASB 136
If an impairment loss attributable to a non-controlling interest relates to goodwill that is not recognised in the parent’s consolidated financial statements (see paragraph C4 ), that impairment is not recognised as a goodwill impairment loss. In such …
Illustrative Example 7 illustrates the impairment testing of a non-wholly-owned cash-generating unit with goodwill. …
The following terms are also used in this Standard with the meaning specified. A not-for-profit entity is an entity whose principal objective is not the generation of profit. A not-for-profit entity can be a single entity or a group of entities comprising …
Paragraphs 126–137 do not apply to entities preparing general purpose financial statements that apply AASB 1060 General Purpose Financial Statements – Simplified Disclosures for For-Profit and Not-for-Profit Tier 2 Entities. Illustrative …
Contents from paragraph 1 IDENTIFICATION OF CASH-GENERATING UNITS IE1 A Retail store chain IE1 B Plant for an intermediate step in a production process IE5 C Single product entity IE11 D Magazine titles IE17 E Building …
Store X belongs to a retail store chain M. X makes all its retail purchases through M’s purchasing centre. Pricing, marketing, advertising and human resources policies (except for hiring X’s cashiers and sales staff) are decided by M. M also owns five …
In identifying X’s cash-generating unit, an entity considers whether, for example: (a) internal management reporting is organised to measure performance on a store-by-store basis; and (b) the business is run on a store-by-store profit basis or on a …
All M’s stores are in different neighbourhoods and probably have different customer bases. So, although X is managed at a corporate level, X generates cash inflows that are largely independent of those of M’s other stores. Therefore, it is likely that X …
If X’s cash-generating unit represents the lowest level within M at which the goodwill is monitored for internal management purposes, M applies to that cash-generating unit the impairment test described in paragraph 90 of AASB 136. If information about …