IFRS 5 AND IAS 12

DT Balance before clasf less DT Balance after class = DT Mvm for impairment

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Investment property


  • Use CGT rate for investment property that was recovered through use but now deemed to be recovered through sale because it is a NCAHFS
  • If they tell you IAS 40 asset is recovered through use, use the 27%
  • DT Balance should reflect tax consequences of amounts recognized in SFP

Always have a seperate income tax calc for Consolidated SPL to get DT adjustements mark

Presenting a discontinued OP in SPL--> Part B
Seperate SOCFs

A discontinued sub

  • Recognise Impairment= (NAV100% less FVLCTS)
  • Recognise in Profit on Sub

Disclosing a discontinued sub

  • Note is basically an SPL to show that single amount
  • If classified in CY there'll be impairment
  • Show tax sep