Public Benefit Entity International Public Sector Accounting Standard 21

Impairment of Non-Cash-Generating Assets


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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.

Applicable for reporting periods as indicated. Versions prior to the previous version can be found on the archive page.

  • PBE IPSAS 21 – This version is effective for reporting periods beginning on or after
    1 Jan 2023 (early adoption permitted)

    Date of issue: Sept 2014

    Date compiled to: Dec 2022

    Download

    Additional materials

    IPSAS 21 IPSASB BC (Handbook of IPSAS Pronouncements)

    External Resource

Amendments

  • 2022 Omnibus Amendments to PBE Standards – These amendments are effective for reporting periods beginning on or after 1 Jan 2023 (early application permitted)

    Date of issue: Jun 2022

    Download

Previous versions

  • PBE IPSAS 21 – This version is effective for reporting periods beginning on or after 1 Jan 2022 (early application permitted)

    Date of issue: Sept 2014

    Date compiled to: Jan 2021

    Download

    Additional materials

    IPSAS 21 IPSASB BC (Handbook of IPSAS Pronouncements)

    External Resource

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