IFRIC 10 Interim Financial Reporting and Impairment
Published July 2006. Effective 1 November 2006.
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- Synopsis (including link to unaccompanied version of IFRIC 10)
- IFRSs referred to
Financial Reporting Faculty members only
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
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IFRSs Referred to by IFRIC 10
This page was last updated 4 February 2022.