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The directors assess the company's tangible assets for evidence of impairment at each reporting date. Where
there are indicators of impairment, the directors calculate recoverable amount of the asset(s) and compare this
with the carrying amount. If recoverable amount is lower than carrying amount, the asset is written down to
recoverable amount by way of an impairment loss which is recognised in profit or loss for the year. Impairment
losses are reversed when there is evidence that the reasons giving rise to the original impairment loss have ceased
to apply. Impairment losses are reversed through profit and loss, but only to the extent that the reversal does not
increase the carrying amount of the asset to the amount which would have been stated, net of depreciation, had
no impairment loss been recognised.
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