PBE IPSAS 21 Impairment of Non-Cash-Generating Assets

  • Not-for-profit
  • Public Sector

Requires an entity to recognise an impairment loss if its non-cash generating assets are carried at more than their recoverable amount, specifies when an entity should reverse an impairment loss and prescribes disclosures.

  • PBE IPSAS 21 – This version is effective for reporting periods beginning on or after 1 Jan 2019 (early adoption permitted)

    Date of issue: Sep 2014 Date compiled to: 31 Jan 2018 (excludes PBE IFRS 9 and PBE FRS 48)
    Additional material: PBE IPSAS 21 IPSASB BC 2017 Handbook

Amendments

  • Impairment of Revalued Assets – This version is effective for reporting periods beginning on or after 1 Jan 2019 (early adoption permitted)

    Date of issue: Apr 2017

Previous Versions

  • PBE IPSAS 21 – This version is effective for reporting periods beginning on or after 1 Jan 2017

    Date of issue: Sep 2014 Date compiled to: 31 Jan 2017 (excludes PBE IPSASs 34-38 and PBE IFRS 9)
  • PBE IPSAS 21 – This version is effective for reporting periods beginning on or after 1 Jan 2016

    Date of issue: Sep 2014 Date compiled to: 31 Dec 2015
    Additional material: PBE IPSAS 21 IPSASB – 1 Jan 2016