Report template/sample to communicate goodwill mpairment test outcome to client

[Mau]

Hello wonderful people. I want to check if anyone could help with sample/template for communicating outcome of goodwll impairment test to client. Thanks

[JRSB]

Not sure what you mean..

"Dear Sir, we have concluded you need to book an impairment of £1m against goodwill. Yours etc"

[Marek Muc]

... and then some client-specific discussion if needed. For exampme, you can compare value in use vs last year and identify key drivers behind its decrease (lower cash flow projections, higher discount rate)

[Mau]

Thanks, always.

[Mau]

Hi,

Following an example in your writ-up below in computing carrying amount of a CGU. In my own case, I want to ask if LOAN RECEIVABLE qualifies to be part of CGU figure?


https://ifrscommunity.com/knowledge-bas ... lue_in_use

Calculation of recoverable amount of the CGU (value in use)

Calculation of carrying amount of the CGU:

3,760 Goodwill
7,230 Property, plant and equipment
1,320 Intangible assets
400 Other assets
12,710 Total carrying amount

[Marek Muc]

no, loan receivable is a financial asset that is tested for impairment separately from non-financial assets
https://ifrscommunity.com/knowledge-bas ... mpairment/

[Mau]

This is noted. Thank you Marek. I am undoubtedly gaining knowledge from this community day-by-day.