528 paragraphs found in AASB 136
At the end of 20X0, entity T acquires entity M for CU10,000. M has manufacturing plants in three countries. Schedule 1. Data at the end of …
End of 20X0 Allocation of purchase price Fair value of identifiable assets Goodwill(a) CU CU CU Activities in Country A 3,000 2,000 1,000 Activities in Country B 2,000 1,500 500 Activities in Country C 5,000 3,500 1,500 Total 10,000 …
Because goodwill has been allocated to the activities in each country, each of those activities must be tested for impairment annually or more frequently if there is any indication that it may be impaired (see paragraph 90 of …
The recoverable amounts (ie higher of value in use and fair value less costs of disposal) of the cash-generating units are determined on the basis of value in use calculations. At the end of 20X0 and 20X1, the value in use of each cash-generating unit …
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). …