Impairment

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November 28, 2016 at 4:52 pm #352205
seista
Member
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Hello sir.
I have noticed in a question that we deduct impairment of associate from group retained earnings
Is there any circumstance on when this has to be done ?or should the impairment of associate be deducted from group retained earnings everytime ?
November 28, 2016 at 9:28 pm #352253
MikeLittle
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“Is there any circumstance on when this has to be done ?”

I believe that this should read “Is there any circumstance on when this has NOT to be done ?”

Not that I’m aware of – it’s the impairment of an asset and should be deducted from group retained earnings
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