528 paragraphs found in AASB 136
Parent acquires an 80 per cent ownership interest in Subsidiary for CU2,100 on 1 January 20X3. At that date, Subsidiary’s net identifiable assets have a fair value of CU1,500. Parent chooses to measure the non-controlling interests as the proportionate …
The assets of Subsidiary together are the smallest group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Therefore Subsidiary is a cash-generating unit. Because other …
At the end of 20X3, Parent determines that the recoverable amount of cash-generating unit Subsidiary is CU1,000. The carrying amount of the net assets of Subsidiary, excluding goodwill, is …
Goodwill attributable to non-controlling interests is included in Subsidiary’s recoverable amount of CU1,000 but has not been recognised in Parent’s consolidated financial statements. Therefore, in accordance with paragraph C4 of Appendix C of AASB 136, …
In accordance with paragraph 104 of AASB 136, the impairment loss of CU850 is allocated to the assets in the unit by first reducing the carrying amount of …
Therefore, CU500 of the CU850 impairment loss for the unit is allocated to the goodwill. In accordance with paragraph C6 of Appendix C of AASB 136, if the partially-owned subsidiary is itself a cash-generating unit, the goodwill impairment loss is …
The remaining impairment loss of CU350 is recognised by reducing the carrying amounts of Subsidiary’s identifiable assets (see Schedule 2). Schedule 2. Allocation of the impairment loss for Subsidiary at the end of 20X3 End of 20X3 Goodwill Net …