Document ID: chunk:federal_register_of_legislation:F2023C00180:front:0:p1
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Compiled AASB Standard  AASB 136

Impairment of Assets

This compiled Standard applies to annual periods beginning on or after 1 January 2023 but before 1 July 2026.  Earlier application is permitted for periods beginning after 24 July 2014 but before 1 January 2023.  It incorporates relevant amendments made up to and including 15 December 2022.
Prepared on 6 February 2023 by the staff of the Australian Accounting Standards Board.

Compilation no. 3

Compilation date:  31 December 2022

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© Commonwealth of Australia 2023
This compiled AASB Standard contains IFRS Foundation copyright material.  Reproduction within Australia in unaltered form (retaining this notice) is permitted for personal and non-commercial use subject to the inclusion of an acknowledgment of the source.  Requests and enquiries concerning reproduction and rights for commercial purposes within Australia should be addressed to The Managing Director, Australian Accounting Standards Board, PO Box 204, Collins Street West, Victoria 8007.
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Contents

COMPARISON WITH IAS 36
ACCOUNTING STANDARD
AASB 136 IMPAIRMENT OF ASSETS

from paragraph
Objective 1
Scope 2
Definitions 6
Identifying an asset that may be impaired 7
Measuring recoverable amount 18
Measuring the recoverable amount of an intangible asset with an indefinite useful life 24
Fair value less costs of disposal 25
Value in use 30
Basis for estimates of future cash flows 33
Composition of estimates of future cash flows 39
Foreign currency future cash flows 54
Discount rate 55
Recognising and measuring an impairment loss 58
Cash-generating units and goodwill 65
Identifying the cash-generating unit to which an asset belongs 66
Recoverable amount and carrying amount of a cash-generating unit 74
Goodwill
Allocating goodwill to cash-generating units 80
Testing cash-generating units with goodwill for impairment 88
Timing of impairment tests 96
Corporate assets 100
Impairment loss for a cash-generating unit 104
Reversing an impairment loss 109
Reversing an impairment loss for an individual asset 117
Reversing an impairment loss for a cash-generating unit 122
Reversing an impairment loss for goodwill 124
Disclosure 126
Estimates used to measure recoverable amounts of cash-generating units containing goodwill or intangible assets with indefinite useful lives              134