IFRS Notes

Reversal of impairment loss


IAS 36-pr124
For goodwill,
impairment loss is not reversed in subsequent periods.

IAS 36-pr114
For assets other than goodwill,
impairment loss is reversed if and only if (1)
(1) there was a change in estimates used in (1a)
(1a) estimation of recoverable amount

IAS 36-pr117
Increase in carrying amount > impairment loss already recognised,
it is a case of revaluation.

IAS 36-pr119
Reversal of impairment loss is recognised in profit or loss,
except for revalued asset

For revalued asset,
reversal of impairment loss is treated as (2)
(2) revaluation increase under IAS 16