IFRIC 10 Interim Financial Reporting and Impairment

Synopsis

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

• Read the unaccompanied version of IFRIC 10

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Which version of the interpretation?

Financial Reporting Faculty members who joined the faculty prior to 1 November 2022 have premium access to the consolidated edition of IFRS and amendments through the IASB's IFRS Standards Navigator service. Please log into IFRS Standards Navigator to access electronic versions of the standards through these links.

Please be aware that as part of the changes to ICAEW faculty membership, this service will be withdrawn after 31 December 2022.

IFRSs Referred to by IFRIC 10

• IFRS 9 Financial Instruments
• IAS 34 Interim Financial Reporting
• IAS 36 Impairment of Assets

This page was last updated 4 February 2022.