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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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.