ICAEW.com works better with JavaScript enabled.

IAS 36: Impairment of assets

The accounting standard IAS 36 ensures that the assets of an entity are carried at no more than their recoverable amount and sets out the criteria for defining how recoverable amount is determined. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • Example accounts
  • eBooks
  • Guides
  • Online articles
  • Articles and books from the Library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

T  +44 (0)20 7920 8620

Full text standard

Unaccompanied version of IAS 36
The International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website. Free registration is required.

This unaccompanied version does not include additional content that accompanies the full standard, such as illustrative examples, implementation guidance and bases for conclusions.


IAS 36 – Impairment of Assets
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Impairment of assets
Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

Example accounts

IFRS checklists and model financial statements
Online disclosure checklists, general IFRS illustrative statements and compliance questionnaires collected by the ICAEW Library.

Best practice

Company Reporting (Croner-i)
The ICAEW Library can provide examples of real-life company reports to help keep you up-to-date with reporting practices and benchmark your financial reporting compliance. As well as extracts from reports filed by all major public companies, Company Reporting also offers weekly CR Monitor Reports detailing changes to reporting practice and a broader monthly CR Review.

Contact us on +44 (0)20 7920 8620, by web chat, or at library@icaew.com to get any documents from Company Reporting.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

IFRS 2018: Interpretation and application of IFRS standards
PKF (2018)
This Wiley guide has been fully updated to help practitioners apply and comply with the latest international financial reporting standards. It provides detailed guidance along with illustrative examples. The chapter on impairment of assets and non-current assets held for sale covers:

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

IASB news

Date Update
16 September 2014 IASB publishes proposals for measuring quoted investments in subsidiaries, joint ventures and associates at fair value
News alert from the IASB issued on 16 September 2014 announcing an Exposure Draft with proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28 and IAS 36.
29 May 2013 IASB issues narrow-scope amendments to IAS 36 Impairment of Assets
Project update issued on 29 May 2013.
2 July 2009 The Financial Reporting Review Panel welcomes improvements in Impairment Disclosures
Press release issued by the FRRP on 2 July 2009.
22 December 2008 The Financial Reporting Review Panel announces Review of Impairment Disclosures
Press release issued by the FRRP on 22 December 2008.

Guides and publications

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

Testing for impairment in the upstream industries: Top reminders
Guide produced by PwC in March 2015 examining key issues for the oil and gas sector when applying the IFRS impairment model.

Impairment of non-financial assets: Expanding on the top 5 tips for impairment testing
Guide produced by PwC in March 2015 looking at methods and examples for impairment testing.

Impairment accounting - the basics of IAS 36 Impairment of assets
Guide published in 2010 by EY which looks at the practical application of IAS 36 and provides an overview of key requirements.

IAS 36: Impairment of assets
Companies with substantial intangible assets may find themselves under the impairment disclosure spotlight – and facing significant charges – as the financial crisis continues. Technical article from ACCA published in 2009.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.