• 2023 Issued Standards – IFRIC 10
  The IFRIC Interpretations are available in the 2023 Issued Standards, which include all amendments issued up to and including 1 January 2023.

Registration is required to access the free version of the Issued Standards. This version does not include additional documents that accompany the full standards (such as illustrative examples, implementation guidance and basis for conclusions).

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.