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IFRIC 10 Interim Financial Reporting and Impairment

Published July 2006. Effective 1 November 2006.

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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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Annual period starts Effective version of standard Notes on amendments
On or after 1 January 2018 IFRIC 10 2019 Required Standards Includes amendment 1
1 January 2016 – 31 December 2017 IFRIC 10 2017 Required Standards Does not include the amendment

Required Standards book for a particular year assumes that there is no early application of issued but not yet effective IFRSs; The Issued Standards book assumes early application of all issued IFRSs.

For the latest version of the interpretation, and where the amendment is to be adopted early, refer to IFRIC 10 2019 Required Standards.

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