Impairment loss reversal

Hi, The rules are different for IP and IFRS 5. Thanks

There is no such thing as the impairment of IP. IAS 36 does not cover IP, IP is governed by IAS 40. The rules in IAS 40 state that the IP is revalued to FV at each reporting date with gain/losses through profit or loss. So if the value goes down it goes through profit or loss, and if it goes up it goes through profit or loss, there is no capping as it depends upon the fair value. Thanks