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- 2023 Issued Standards – IFRIC 10
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Summary
IFRIC 10 addresses a conflict between IAS 34 and other standards with regard to the recognition and reversal of impairment losses on goodwill and financial assets.
It concludes that:
- Impairment losses recognised in previous interim periods in respect of goodwill, equity instruments held at cost or financial assets held at cost may not be reversed.
- An entity shall not extend this consensus by analogy to other areas of conflict between IAS 34 and other standards.