The IASB published Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36). These amendments clarify that the disclosure of information about the recoverable amount of impaired assets is limited to the recoverable amount of impaired assets that is based on fair value less costs of disposal.

The amendments are to be applied retrospectively for annual periods beginning on or after 1 January 2014.

Earlier application is permitted for periods when the entity has already applied IFRS 13 Fair Value Measurement.

Please find the press release herewith attached.