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Forums › Ask CIMA Tutor Forums › Ask CIMA F1 Tutor Forums › IAS 36 Impairment of assets [disclosures required]
So the Ias 36 disclosures state-
For each class of plant and equipement:
1) “The amount of impairment losses recognised direclty in equity during the period”
I dont understand how losses are recognised in equity direcly, the first two
disclorures state. Losses im p/l and and revarsal in p/l. Do they mean impairment losses directly to revaluation reserve??
2) “The amount of reversals of impairment losses recognised directly in equity during period.
It will be very helpful if you could explain this to me with an example.
Hi,
It is essentially saying that you need to disclose the losses that have gone through profit or loss, and those that have gone through OCI.
Thanks