[Kalkulos]

Solution;
The above scenario does not meet the definition of Govt grant in accordance with IAS 20, also the condition for the reimbursement does satisfy the criteria for the recognition of grant.

[Kalkulos]

Solution
Calculation of impairment loss and reversal

Assets CA before imp Imp.Loss CA aft Imp Reversal CA aft Rev
$m $m $ $ $

Goodwill 40 40 0
Patent 20 20 0
NCA 80 20 60 10 70
140 80 60 10 70
According to the standard only $10m will be reversed to take the asset should be if the impairment had not occured(80-10)

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