IAS 36 Impairment of Assets

The carrying amount of an entity’s net
assets is lower than the entity’s number of
shares in issue multiplied by its share price

Dear Sir, but Revision Kit BPP has shown as indicator of impairment although this statement is not applicable for indicator of impairment

pls help

because

“Note that assets in this case include all tangible and intangible assets. It does not include assets
such as inventories, deferred tax assets, assets arising under IAS 19 Employee Benefits and
financial assets within the scope of IFRS 9 Financial Instruments as these standards already have
rules for recognising and measuring impairment.”

External sources::

“Carrying amount of net assets of the entity exceeds market capitalisation”