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Unformatted text preview: r impairment at each reporting date, with the recoverable amount being estimated when events or changes
in circumstances indicate the carrying value may be impaired.
For assets that do not generate largely independent cash inflows, the recoverable amount is determined for the cashgenerating unit to which the asset belongs, unless the asset’s value in use can be estimated to be close to its fair
An impairment exists when the carrying value of an asset or cash-generating unit exceeds its estimated recoverable
amount. The asset or cash-generating unit is then written down to its recoverable amount.
An item of property, plant and equipment is derecognised upon disposal or when no further future economic benefits
are expected from its use or disposal. Any gain or loss arising on de-recognition of the asset (calculated as the
difference between the net disposal proceeds and the carrying amount of the assets) is included in profit or loss in the
year the asset is derecognised.
Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event,...
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This document was uploaded on 02/06/2014.
- Spring '14