The International Accounting Standards Board (IASB) has issued amendments to IAS 36: Recoverable Amount Disclosures for Non-Financial Assets.
The amendments relate to the disclosure of information concerning the recoverable amount of impaired assets if that amount is based on fair value costs of disposal.
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The IASB has clarified the scope of those disclosures as "limited to the recoverable amount of impaired assets that is based on fair value less costs of disposal".
The amendments can be applied retrospectively for annual periods beginning on or after 1 January 2014. However, earlier application is permitted for periods when the entity has already applied IFRS 13.
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International Accounting Standards Board
