Communication No. 2 The Minister Of Finance Of 29 March 2012 On The Announcement Of The Resolution Of The Committee Of The Accounting Standards Board On Adoption Of Revised National Accounting Standard No. 4 "impairment Of Assets"

Original Language Title: KOMUNIKAT NR 2 MINISTRA FINANSÓW z dnia 29 marca 2012 r. w sprawie ogłoszenia uchwały Komitetu Standardów Rachunkowości w sprawie przyjęcia znowelizowanego Krajowego Standardu Rachunkowości Nr 4 "Utrata wartości aktywów"

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Shall be the resolution No. 2/12 of the accounting standards Committee of 14 February 2012 on the adoption of a revised National accounting standard no. 4 "impairment of assets", annexed to the communication.



Minister of Finance: wz. M. Orłowska annex 1. [Resolution No. 2/12 of the accounting standards Committee of 14 February 2012 on the adoption of a revised National accounting standard no. 4 "impairment of assets"]

Annex to the communication, no. 2 the Minister of Finance dated 29 March 2012 (item 15) resolution No. 2/12 of the accounting standards Committee of 14 February 2012.

on the adoption of a revised National accounting standard no. 4 "impairment of assets" on the basis of § 6 (2). 1. § 2 paragraph 1 of the regulation of the Minister of Finance of 28 November 2001 on the scope and manner of Organization Committee of the accounting standards Board (Journal of laws No. 140, item 1580, with further amendments) shall adopt, as follows: section 1. 1. the Committee shall adopt the amendment to the National accounting standard no. 4 "impairment of assets", annexed to this resolution.

2. the Standard referred to in paragraph 1. 1, shall enter into force on the date of the notice in the official journal of the Ministry of finance.

3. the repealed resolution No. 6/07 Accounting Standards Committee of 26 June 2007 on the adoption of a National accounting standard no. 4 "impairment of assets".

§ 2. Resolution shall enter into force on the day.

The Secretary of the Committee, Chair of the accounting standards Committee, Aneta Gołdyń, Joanna Dadacz, the annex to resolution No. 2/12 of the accounting standards Committee of 14 February 2012.

The NATIONAL ACCOUNTING STANDARD No. 4 "IMPAIRMENT of ASSETS" and. purpose and scope of STANDARD 1.1. The purpose of this National accounting standard (hereinafter referred to as the Standard) is a development of the provisions of the Act of 29 September 1994 on accounting (Journal of laws of 2002 No. 76, item 694 with subsequent. d., hereinafter referred to as the accounting act or Act), specifying the rules for fixing and recognition in the accounts and reporting in the financial statements of impairment losses the carrying amount of the assets of the unit, due to partial or total loss of the ability to generate economic benefits to the enterprise through these assets.

1.2. the update to the real height of the carrying amount of the assets included in the unit's resources, because they satisfy the conditions of article 81(3). 3 paragraphs 1 and 2. 1 point 12 of the accounting Act, is designed to ensure a fair picture of the achievements and potential of the Unit presented in the accounts and the financial statements, and also protects against losses justify societal as assets. Associated with updating the need to verify the ability of an asset to generate future economic benefits of the enterprise and the desire to maintain the comparability of the solutions used in this area justifies the application of the procedure laid down in this standard.

1.3. The valuation of assets follows with caution (article. 7. paragraphs 1 and 2. 1 paragraph 1 of the law). The precautionary principle requires an update of the value of the assets in which they are entered in the accounts and financial statements to their values to recover, if it is lower than the value at which an asset is accounted for in the accounts of the balance sheet date. This implies the need to take into account in measuring the carrying amount of the assets of the planned reduction of their value (is depreciation and write-downs umorzeniowe certain assets-article 32 and article 33 (1) of the Act) and the previously unscheduled reduction value in use or commercial value assets, both long-and short-term (article 28 paragraph 7; 34 paragraph 5; article 34a paragraph 5; article 35 (2)-3; article 35a 35b; (2) of the Act). The subject of the standard is to, inter alia, to clarify the rules for the measurement of impairment of assets caused by other reasons than their depreciation (amortisation).

1.4. Valuation of the asset in the balance sheet should be in the value at which it was introduced to the books, not exceeding the value of the economic benefits possible to obtain through his possession (the exercise of control over it). This rule shall not, however, certain assets for which the accounting Act and the Ordinance of the Minister of Finance of 12.12.2001 on detailed rules for recognition, the valuation methods, the scope of the disclosure and presentation of financial instruments (OJ No 149 poz., 1674, and from 2004, No 31, item 266 and 2005 No. 256, poz. 2146, hereinafter referred to as "the regulation of 12.12.2001. or regulation) provides for their valuation : in market value, fair value, the value established under the equity method or the adjusted cost (amortised cost). Only in respect of the asset may be an increase in the value of the accounts on the balance sheet date (the revaluation in plus), which is the case in this case, when you specify for the asset market value, fair value, respectively, the value established under the equity method or the adjusted purchase price will be higher than the value resulting from the accounts. Otherwise, it is established that the value of the asset to be recovered is lower than the value resulting from the accounts, the downward revaluation, which is synonymous with making resale for taking into account the loss of the value of the asset.

1.5. If at the balance sheet date resulting from the accounts the value measured at its asset is higher than the economic benefits it will bring, as defined in accordance with this standard, this means that an asset has lost – depending on the situation, is wholly or partly the ability to generate economic benefits to the enterprise, what consequence is the need to make a copy of the impairment loss, defeat at the balance sheet date, the carrying amount thereof.

1.6. Standard-although it contains tips on how to carry out an assessment of the loss of the ability of assets to generate economic benefits to the enterprise is often refers to the need to use professional judgment based on knowledge, knowledge of things, and experience. Requires it to make such arrangements, which, in its view, allow you to reflect assessed the situation in a way that is closest to reality.

1.1 Standard introduces a procedure for the determination of resale valuation of both operational assets and investment assets in the event of a loss by not values and applies to all assets of the entity. Way it is recommended to learn to highlight:-the need for a comprehensive approach to impairment of assets-similarities between the procedure for setting the resale valuation of the assets to the loss of value by them regardless of whether they are assets related to operating activities of the unit or investments, – rules arising from the Act valuation of balance sheet assets, reflecting any, both favorable and unfavorable (due to the loss of value) for the effects of current market price movements and changes in the fair value of certain long-and short-term assets unit , is a way of recognising in the accounts of the resale, which depends on the nature of the asset concerned,-the need to respect the principle of the individual balance sheet valuation of assets (article 7 (3) of the Act), even when these components do not generate economic benefits alone, but in a group, along with other assets.

1.8. Having regard to: – art. 28 paragraph 1. 7 of the Act, according to which the permanent impairment to justify making race an asset value of resale from the accounts to the net selling price, and failing – to be determined otherwise fair value – art. 7 paragraph 1. 1 of the Act, pursuant to which the behavior of the precautionary principle, the valuation of assets requires the reduction of the value in use, and at the same time taking into account the fact that:-many of the assets of the unit generate economic benefits to the team (as a group), and their sale is not expected, the valuation of the asset net selling price, and, in the absence thereof, in fair value in a different way, not in any case provides reliable , IE. justified its function in the presentation of the value of the asset, shall be considered as a refinement in the case of balance sheet valuation issues appropriate permanent impairment of assets. This allows you to include next to commercial value also use assets as a basis for determining their values possible to recover (i.e. recoverable) thanks to the commercial or economic use of these assets. Using the delegation contained in art. 10 paragraph 1. 3 of the law, Standard shows the procedure to be applied in this regard.

1.9. Each time you establish the new carrying amount of the asset is carried out according to the Standard provided for in the procedure for setting the resale valuation of assets caused by the loss of values, can affect the need to determine the value of assets and deferred tax liabilities. This should be done in accordance with national accounting standard (hereinafter CRS) 2 – income tax.

1.10. in the case when an employee benefit program leads to assets related to these programs is not to apply the provisions of this standard.

1.11. To certain categories have been introduced, niewyodrębnione in the Act to allow for transparent pricing, shows how the value of the assets and the determination of resale value resulting from the accounts. Explained to them in chapter II.


1.12. Whenever a standard reference is made to influence or cash expenses shall mean either receipts or expenses of cash and cash equivalents.

II. DEFINITIONS of TERMS used in the STANDARD Used in the standard concept of means: 2.1. Future economic benefits is configured for a given asset or group of assets measurable potential to contribute in a unit with this component, either individually (in the country) or in conjunction with other components of assets: ● the generation and disposal of products (goods and services) and goods which are the subject of the operating units and maintain investment, with which the body, on the basis of justified reasons, can expect future cash inflows, or ● reducing future operating cash expenses or ● replace the current form for the future cash receipts, even if you can predict the next chain one form instead of an asset to another, however, with a view to the impact of the final link, cash, ● reduce future expenditure repayment of current or future liabilities.

2.2. Future economic benefits (net cash flow)-projected cash receipts potentially associated respectively with the asset or group of assets, less any cash forecast expenditure arising out of the delivery by the component or by a group of assets projected cash inflows.

2.3. Procedure for determining impairment impairment loss of assets valuation due to the loss of value by (hereinafter also the revaluation procedure interchangeably) is undertaken at the balance sheet date and string arrangements as a result of the determination of the height of the resale value of the assets of the unit, as a result of her accounts at the balance sheet date, and to establish an updated carrying these assets (i.e., the values presented in the books and in the financial statements on the same balance sheet date).

2.4. Impairment of assets is ascertained in the course of the procedure the revaluation a strong likelihood that controlled by the asset in a significant part or in its entirety does not bring future economic benefits net corresponding to at least the value resulting from the accounts on the balance sheet valuation day.

2.5. assets with economic benefits alone-assets, having largely ability to bring economic benefits. Having this ability is considered when a single asset, you can assign specific as to the kind of future economic benefits arising from its use (use) or maintain.

2.6. economic benefits generating (also called interchangeably the Center) is the smallest identifiable group of assets that generate economic benefits in groups, largely irrespective of the economic benefits derived from other assets-generating units one at a time or for other economic benefits economic benefits-generating unit.

2.7. common Assets-other than the value of the company assets that contribute to the formation of future net economic benefits possible to achieve by the body due to their use in conjunction with at least two assets economic benefits-generating unit individually and/or economic benefits-generating unit.

2.8. assets with economic benefits as a group-economic benefits generating unit with its assets to it common, goodwill or negative goodwill.

2.9. evaluation of impairment-asset wypracowujący economic benefits or assets with economic benefits as a group including relevant to them in accordance with the rules laid down in this Standard the obligations, liabilities and deferred revenue, for which there is a high probability that he lost entirely or in part the ability to bring economic benefits. Liabilities, reserves and deferred income is taken into account only if the recycled value (see paragraph 2.12) of the object is not possible without them.

2.10. Commercial value is mentioned in the article. 7 paragraph 1. 1 p. 1 of the Act and determined in connection with the application of the principle of prudence, the value of future economic benefits from the net assessment of the loss of values, determined on the assumption that there is an active market (see point 2.17) for this object. This value corresponds to the net selling price (within the meaning of article 28 (5) of the Act) of the object assessment of impairment. In the case of inability to determine net selling price available in an active market is commercial value impairment assessment object specifies its estimated fair value (within the meaning of article 28 paragraph 6 of the law) minus expected to bear and be directly attributable to the disposal of the object assessment of impairment of the cash expenditures totalling expected costs of sale (disposal/liquidation) of this object, with the exception of the financial costs and tax burdens.

2.11. The value in use is mentioned in the article. 7 paragraph 1. 1 section 1 of the Act and determined in connection with the application of the principle of prudent valuation of the asset's economic usefulness, that in respect of financial asset can be measured in accordance with the principles set out in the standard, and in relation to the assets-the value of the discounted future net economic benefits from the assessment of the impairment is determined assuming the continuing use of (maintaining) 1.

2.12. The value of the recovered-the higher of the two values: (a) the commercial value or (b) the value in use of the object assessment of impairment.

2.13. the carrying amount of the asset valuation Level is defined in the Act or regulation of 12.12.2001, dependent on the type of asset categories, followed by its balance sheet valuation. This can be for example: commercial value. net sales price, and, in the absence thereof otherwise determined the fair value (article. 28. paragraphs 1 and 2. 1 point 1, 1a, 2, 3, 4 and articles. 28 paragraph 1. 7 of the Act), the value resulting from the application of the equity method (article 28 (1) of section 4), the purchase price or production cost is not higher than the net selling price at the balance sheet date, the net selling price (article 28 paragraph 2. 1. section 6 of the Act), the market price, the purchase price or market price, whichever is lower, and, in justified circumstances-the fair value (article. 28. paragraphs 1 and 2. 1 section 5 of the Act), the amount of the required payment is determined with caution (article 28 paragraph 1, point 7, and 35b of the Act), the corrected purchase price (§ 16 para 1 and 2 of the regulation of 12.12.2001).

2.14. Impairment value of an asset due to the loss of value is determined on valuation day value in excess of the carrying amount of the asset arising from accounts on the balance sheet valuation day on the value of the recovered.

2.15. asset impairment due to the permanent loss of its value-asset impairment assets established for the assessment of the impairment for which was permanent loss of value.

2.16. The reversal of the resale value of an asset due to the loss of value is the value determined as a result of the revaluation procedure undertaken at the balance sheet date, which is in legitimate circumstances-affect the carrying amount of the asset as determined on this day by reducing the current resale value of an asset due to loss of value.

2.17. An active market is the market where: (a) goods that are the subject of trade are homogeneous in nature, (b) almost always occur the purchaser and dealer interested in the good, (c) information on the prices of these goods is widely available.

III. Conditions of use and the stages of the revaluation procedure 3.1. The valuation of the assets carrying amount for taking into account the possible loss of their values, precedes the evaluation of the role of the assets over which the entity has control, will meet in its activities in the future.

As a result of this assessment follows to determine which assets are used in the unit to operating activities and which are held as investments.

3.2. Then, according to the accepted rules of accounting policy unit determines the level of the valuation of the carrying amount of each asset.

3.3. To assets is attributed to those related liabilities, reserves and income of future periods, which are about the possibility of reaping future economic benefits from that asset. (For example, this occurs when the disposal of an asset may only occur with the sale of closely related.) The purpose of this assignment is an indication, in respect of which the assets to determine the benefits of these economic benefits requires commitments, reserves and deferred revenue affecting their value.

3.4. Another subject to revaluation procedure is specifying economic benefits, these assets will bring the unit in the future. Such information should ensure that working in the unit, trustworthy and efficient planning system for, allowing for reliable determination of the expected economic benefits, both for assets used in operations, and held as investments.


It is important that the expected economic benefits, both from assets used in operating activities and investments (regardless of the planning system solutions adopted for the management of the business units) can be attributed to assets-generating units one at a time and economic benefits economic benefits-generating unit assets as a group.

3.5. Procedure for determining impairment impairment loss of assets valuation caused by loss of values includes the following steps: (a) the revaluation procedure needs assessment) certain assets to loss of value by (chapter IV), (b)) to identify assets of economic benefits-generating unit individually and objects evaluation of impairment (chapter V), c) the assessment of whether there has been a loss of values and to establish, where necessary, resale value of assets of the economic benefits-generating unit one by one (Chapter VI) :-measured at fair market value or equity method (6.1), is measured in the amount required to be paid or the adjusted cost (section 6.2), is measured at cost or cost or revalued amount (point 6.3), d) to identify the assets of the economic benefits-generating unit as a group and to determine the impairment assessment objects (Chapter VII), e) the assessment of whether there has been a loss of values and to establish, where necessary, resale value of assets of the economic benefits-generating unit groups (Chapter VIII) covering:-the determination of the accounts of the value of the assets economic benefits-generating unit in groups (point 8.1), to determine the future economic benefits (section 8.2), the establishment and settlement of resale valuation of the assets of economic benefits-generating unit in groups (point 8.3).

3.6. In subsequent periods, after the revaluation procedure, it may be appropriate to increase or reversal of resale valuation of assets previously carried out in the course of balance sheet valuation this applies to assets-generating units economic benefits alone and in groups. The changes previously made resale does not constitute a basic error within the meaning of article 3. 54 paragraph 1. 3 of the Act on accounting. The recommended procedure if you need to change the height of the previously made resale presents chapter IX.

3.7. Any conduct the revaluation procedure and the reversal of the resale of their valuation, including evaluations, estimates and calculations, requires the appropriate document in proof of the underlying internal entries in accounts and the disclosure of data relating to impairment of assets pursuant to chapter XI standard.

IV. Assessment of the need to carry out the procedure for setting the resale valuation of assets 4.1. Not less than the unit at each balance sheet date to determine whether there is a need to carry out the procedure for setting the resale valuation of assets caused by the loss of values, both in respect of assets used for operating activities and investments, regardless of whether they are available for use (i.e., adapted to use), or not yet. Assist in the verification of the circumstances test is determined on the basis of external and internal sources of information.

4.2. the need for revaluation procedure based on the circumstances, be established on the basis of the external sources of information is reviewed at least the following matters: (a)) or the circumstances occurred indicating that the body may not be due to reasons independent from each other due to its monetary amounts, other financial assets, goods or benefits? This can for example be caused by: the occurrence of negative changes in the technological, market, economic, environment, legal and other, the issuers of financial instruments held by the unit, its debtors and other contractors, and that result in their activities a significant financial difficulties or other nature, failure to comply with the terms of the agreement by issuers, debtors or other contractors and default or non-payment in paying due interest or the nominal value of the asset high probability, liquidation, bankruptcy or restructuring for issuers, debtors or other contractors, the disappearance of an active market for owned assets because of financial difficulties or other relating to issuers, debtors or other contractors with this component.

The disappearance of an active market due to withdrawal from the market of the financial instrument or the provision of goods resulting from economic considerations and niewymuszony difficulties, there is no evidence of impairment of the assets held by the unit. It is not considered for impairment in the sense of Standard short term decline in value (fair market, determined in accordance with the equity method or the adjusted purchase price) an asset for which the accounting act or regulation from 12.12.2001. provides this level of balance sheet valuation. Objective evidence for impairment of assets valued at the balance sheet date in these values, however, considered a significant and prolonged decrease in their value (fair market, determined in accordance with the equity method or the corrected acquisition price) below the value determined at the time of their introduction to the accounts unit. The decline in value of indicates that the expenditure incurred in the acquisition of assets will not be recovered.) The need to carry out the revaluation procedure can also indicate changes in national or local economic situation, such as, for example, rising unemployment, declining real estate prices, the decline in prices of certain goods, etc., if they can adversely affect the implementation of the agreements concluded with the issuers, debtors and other contractors.

(b)) or the recovery of the costs incurred for the execution of long-term service is likely despite the questionable contract validity: the ongoing trial related to the contract, the inability to complete the unit or the other party to the agreement and subsequent obligations?

(c)) or estimated earlier at the time of distribution of proceeds expected from the specified asset is going to change? This can occur for example, when economic or legal reasons, the unit shall grant the debtor or other counterparty facilities resulting from its financial difficulties or other, which otherwise is not simple.

(d) loss of market value), or the individual assets that took place during the reporting period, is much higher than the loss, which can be expected as a result of the passage of time or normal use?

(e)) or within the reporting period or the date of the financial statements followed a fall in prices on the markets of the recipients or the increase in prices in the markets for suppliers, on which the body carries on its activities?

(f)) is the increase in costs needed to bring about the sale of products, goods, etc. to fruition?

g) Or on markets in financial instruments and investments, with which the body uses, there were adverse changes in the value of?

h) Or during the reporting period have occurred or will occur in the near future there will be significant, detrimental to units, change of the nature of the technological, market, economic or legal environment in which the enterprise operates or in the market to support the unit's assets are used?

and reporting during the period) whether there has been an increase in market interest rates or other market rates of return on investment, and whether it is likely that this increase will affect the discount rate used to calculate the value of the asset and substantially reduces the present value of expected net economic benefits from this component?

(j)) or of the accounts net asset value on the balance sheet date is higher than the market value or fair value of shares issued by this unit?

k) or to any other indication can be considered to be that resulting from the accounts at the balance sheet date, the value of some (or all) assets is sensitive to the circumstances and found changes?

4.3. The study need for revaluation procedure based on the circumstances, be established on the basis of internal information sources is considered at least the following matters: (a)) or there is evidence that there has been physical damage to tangible assets. This is due to the nature of the Census findings, melds with producing, or impairment of inventory or receivables to failure by contractors terms of payment-as demonstrated by the retention of certain assets, both long-and short-term?

(b)) or in the course of the reporting period there have been or it is likely that in the near future, there will be significant, detrimental to individuals, changes in the scope or the way in which all or only some of the assets are, or-as expected-will be used?

(c)) or a Unit intends to waive or restructure operations, which are used in certain assets? Do you intend to sell or liquidate some assets before the previously expected date?

d) whether there is evidence that the economic effects of the use of any assets, or in the future will be worse than expected?

(e)), or it can be considered that the value of some (or all) assets that originates from accounts at the balance sheet date is sensitive to other established circumstances and changes?


4.4. The test referred to in point 4.2 and 4.3, is finding assets whose ability to generate economic benefits in the future will most likely change for the worse in comparison to the original plans to accompany their acquiring (purchase or production). In carrying out this test, it is necessary to the professional judgment of the observed circumstances other than listed above.

4.5. If it is established that on the balance sheet date, there is none of the circumstances indicate the need to carry out the revaluation procedure, the unit shall be valued at the balance sheet date: – assets valued in accordance with the law or regulation of 12.12.2001, fair market value established under the equity method or the corrected acquisition price – in these values, – other assets – in their net worth resulting from accounts at the balance sheet date taking into account the foreign currency assets in the case of their current exchange rate at the balance sheet date.

4.6. where it is found, however, that on the balance sheet date, there is one or more of the circumstances referred to in paragraphs 4.2 and 4.3, the unit performs further stages of the revaluation procedure to the likely loss of value by (chapter V-VIII).

4.7. The reassessment of the need for a procedure to revaluation loss values shall be carried out no later than the next balance sheet date in the same way, and it again all the assets of the unit. During subsequent analysis of particular attention those assets whose value was already in the earlier periods, adjusted for impairment, and those that are most sensitive to the occurrence of the circumstances listed in pkcie 4.2 and 4.3.

Example 4.1. Indications coming from internal sources providing information about the need for a revaluation procedure caused by the loss of values in the JG on the end of the financial year, it was found that: 1) provided for in its budget (financial plan) for subsequent years cash expenses related to the operation of the building intended for rent (and which is the most important component of investments) are much higher than the amount originally planned, 2) after conclusion of the results of the operation of the building for the current period also found body that the result obtained is much lower than that expected in this period.

These facts were considered evidence which may provide enough of a serious change in circumstances accompanying the operation of the building and because of this, it is considered appropriate for conducting the revaluation procedure to suspect the loss by the building value.

V. IDENTIFICATION of ASSETS-GENERATING UNITS ECONOMIC BENEFITS ALONE and OBJECTS EVALUATION of IMPAIRMENT of 5.1. The unit identifies the assets considered as objects of evaluation of impairment, which may relate to the effects of the circumstances listed in chapter IV, the current at the balance sheet date. The identification of the subject are all the assets, which may include the effects of the circumstances that point to the possible loss of their values. assets used for operating activities and investments, with the exception of deferred tax assets and the assets reported in the balance sheet at their nominal value (e.g., cash).

5.2. determination of impairment assessment objects require professional judgement and reasonable assessment, taking into account the nature of the activities, previous experience and plans for the units associated with the use of individual components of its assets.

5.3. Of the identified assets referred to in point 5.1, the first extracts-as assessment of impairment of assets-with economic benefits alone (see point 2.5).

5.4. In the event of difficulties, uniquely identify an asset as having ability to significantly develop the economic benefits, the body turns the component (regardless of whether it is used for operating activities, or whether it is investment) to generating economic benefits and conduct themselves in a way that is discussed in Chapter VII. This may for example relate to cases where the use of an asset to some extent depends on the use of another asset (for example, to reap the benefits of renting real estate investing involves the provision of garage in another object, which is used primarily for operating activities).

5.5. Certain assets are present in significant quantities in the body, have a similar character, comply with similar functions, are valued at the balance sheet date using the same principles and involve them similar risks. The unit can be considered a reasonable treatment of a group of such assets as a separate object unit economic benefits alone. In particular, it is justified in respect of: financial instruments with similar credit risk characteristics, to large emerging commercial duty, similar as to the title of their creation, the nature of the debtor/contractor, principles of their repayment, homogeneous stock groups generically and regulatory functions. In rare cases, this may involve homogeneous generically of fixed assets, intangible assets, or investment in kind or in the form of intangible assets. Requirement for a group of assets assets with economic benefits alone, however, is that each component of the kind of assets was used in the same (and the same) conditions, the same features that can be considered to be performed regardless of the use of the other assets of the unit, have similar economic period life in the unit and be depreciated using the same method and rate; In addition, it should be just as sensitive as the other components of this group on the risks associated with the use of such assets. The ability to treat a number of assets as one unit economic benefits alone does not apply to assets that are individually significant, even if they do not meet in the different function than other assets of a similar nature.

For a number of assets deemed it wypracowujący economic benefits alone may not be included in any component whose impairment is no longer sure. Such a component if it was covered by the group, it must be switched off.

5.6. If the unit there are commitments, reserves or future periods revenues linked in such a way that identified an impairment assessment, that the economic benefits are possible in the future to get by this object depends on the value of those liabilities, deferred revenues or reserves, such liabilities, reserves and deferred income is attributed to the assessment of the impairment.

5.7. Analysis and findings referred to the unit performs on each day of the revaluation procedure.

3.6. It is important that subsequent periods the unit verified again economic role each asset recognised for assets with economic benefits alone. If the enterprise does not change the role of the asset unit still treats it as an asset wypracowujący economic benefits individually and-for the record-notes this fact in the records of a separate asset.

5.9. If the period there will be a change of plans as to the destination or the economic function of the asset, which is considered so far for wypracowujący economic benefits alone, because this component is up to its revised role – will no longer be alone's objective with respect to economic benefits, is a unit-in accordance with section 5.4 – enables it to generating economic benefits as a group.

5.10. After extracting – as shown in pktach 5.1-5.9-objects evaluation of impairment of economic benefits-generating unit individually, the revaluation procedure carried out in accordance with the rules discussed in chapter VI.

VI. determination of the RESALE VALUE of the ASSETS ECONOMIC BENEFITS-GENERATING UNIT INDIVIDUALLY 6.1. Assets valued at fair market value or equity method.

6.1.1. The unit shall determine which of the assets turnover and assets identified in the manner prescribed in chapter V and declared with economic benefits, should be in accordance with the Act on accounting and regulation of 12.12.2001 and adopted by the rules of accounting policies is valued at market value at the balance sheet date or otherwise referred to fair value or equity method.

In particular: a) investments in real estate and intangible assets in investments where valued at wreaking in the market price, or otherwise referred to fair value (article 28 (1) of section 1a of the Act), b) long-term subordinated units, shares, if they are measured at fair value, or using the equity method (article 28 (1) of section 4 of the Act), c) long-term stakes in other units If they are measured at fair value (article 28 (1) of section 3), d) long-term investments, other than those listed in subparagraphs (a) to (c))), if they are measured at fair value (article 28 (1) of section 3 of the Act), e) short-term investments valued at the price (s) in the market, and short-term investments, for which there is an active market and which are measured at fair value (article 28 (1) of section 5 of the Act).


6.1.2. In the first place, the unit shall be determined at the balance sheet date, in accordance with the adopted for individual assets valuation level carrying – their market value (net selling price) estimated fair value, or a value specified by property rights, guided by the provisions of article 8. 28 paragraph 1. 6, art. 44B, and art. 63 of the Act and section 14 of the regulation of 12.12.2001 and rules allowing for reliable determination of these values.

6.1.3. the unit Then compares the value of the asset as determined in accordance with section 6.1.2 of the its value at the balance sheet date resulting from the accounts. Lowering the value of the asset occurs when the value of the accounts exceeds the value determined in accordance with the valuation level, it provided for carrying. Otherwise, the value of the asset arising from accounts at the balance sheet date, requires an increase in the level of the valuation rules provided for carrying.

6.1.4. Appropriate arrangements referred to in section 6.1.3, the value of such assets at the balance sheet valuation resulting from the accounts adjusted in plus or minus revaluations, and differences in addresses, according to the investment company or the nature of the asset and measured at its operating pursuant to the provisions of the accounting act or regulation from 12.12.2001. in respect of these assets on the financial result (financial income or expense other revenues or operating costs) or, where applicable, on the revaluation capital (article 35 (3) and (4) of the Act, and section 21 (2) of section 2 of the regulation of 12.12.2001). In consolidated financial statements, in the case of share valuation in another unit under the equity method, as a result of this entity is accounted for in the profit and loss account in a separate row, as "profit (loss) from shares in subordinated units measured under the equity method".

6.1.5. for financial assets measured at fair value, when the revaluation effects related to revaluation in accordance with § 21 paragraph 1. 2 section 2 of the regulation of 12.12.2001, aggregate capital negative write-down is possible as long as they do not have the nature of a permanent impairment. At the balance sheet date, on which the body finds the existence of grounds for permanent impairment measured at its asset-in accordance with § 24 paragraph 1. 2 paragraph 2 of regulation from 12.12.2001.-shall be the difference between the purchase price of the asset and its fair value at the balance sheet date. This difference delineates the amount of the resale value of an asset. In accordance with section 24 paragraph 1. 1 point 2 regulation of 12.12.2001. unit does this copy as follows: moves aggregate loss to this day in the capital of the revaluation reserve relating to the asset for the financial costs, and then the difference between the value of the asset arising from accounts and its fair value at that date are recognised in the financial costs while reducing the value of the asset, the value of his asset measured at its fair value at the balance sheet date.

Any further (for the next days balance) copies of the fair value of the asset unit are recognised as an expense.

6.1.6. For debt financial instruments, measured in accordance with section 21 paragraph 1. 2 section 2 and section 24 paragraph 1. 2 section 2 of the regulation of 12.12.2001, a unit shall be determined at the balance sheet date, the fair value, which means the current value of the expected cash flows discounted using the current market rate of return for similar financial instruments. If the revaluation of fair value at the balance sheet date reduces the revaluation capital below zero, the unit shall determine whether the reduction in the carrying amount of the asset stems from the indications for permanent loss of value. When this occurs, the difference between the balance sheet date resulting from the accounts of the value of the debt instrument in the adjusted purchase price, calculated according to the existing rules and its fair value is measured at its value impairment of an asset caused a permanent loss of value. Current value of capital from revaluation of the asset and an impairment is recognised in the profit and loss account, at the same time, the value of his asset measured at its fair value at the balance sheet date. From the date on which the copy was made from a title of a permanent impairment, interest income shall be calculated using the market interest rate adopted when determining the fair value of the asset revaluation.

Otherwise, the effects of the reduction of the balance sheet date, the fair value of the asset an reveals the capital revaluation.

6.1.7. If in the next period the value of the revalued asset will increase, and the increase may be linked to the disappearance of the insured previously identified causes of loss for him, a reversal of resale are classified as financial income up to the amount of the impairment.

6.1.8. in the case of a financial instrument, which cannot be measured in market value or fair value (for example, because it is not an equity instrument), and there is objective evidence that there has been a loss of its value, is the amount of impairment loss caused by the loss of its unit values shall be determined at the balance sheet date as the difference between the value of the asset as a result of the accounts and the present value of estimated future net economic benefits are discounted using a current market rate of return for a similar financial asset. So given an impairment in the financial costs. In the future, this copy cannot be reversed.

6.1.9. To non-financial assets, for which the fair value cannot be determined reliably, an enterprise should apply the procedure for the determination of resale valuation of assets caused by the loss of the value provided for assets measured at cost (purchase) or cost (point 6.3).

6.1.10. If it is established that in relation to the financial asset measured at its equity method there are objective indications that the goodwill associated with the participation of the individual in the fair value of the net assets of subordinated units will not bring economic benefits, an enterprise determines the recoverable amount of the asset. For this purpose shall be the higher of the two: the commercial value of the asset or its value in use, expressed as the present value of the expected – thanks to its maintenance-future economic benefits of the net, discounted using the current market rate of return for a similar financial asset. If the recoverable amount of the asset is higher than its value established under the equity method, it is considered that there has been a loss of goodwill associated with this asset. Otherwise, the unit shall determine impairment the goodwill associated with the asset in the amount of the difference between the estimated value and recoverable amount at the balance sheet date, the value specified on the same day under the equity method, up to a maximum of the value of the company as established for that asset on the balance sheet date (i.e. after taking into account its accumulated depreciation and accumulated impairment losses so far). The amount of impairment loss the enterprise recognises in profit and loss account as other operating expenses.

So fixed resale goodwill associated with asset wycenianym for under the equity method, no turns. To the asset value of resale requires correct depreciation for goodwill is included in the value of the asset.

If the difference between the estimated value at the balance sheet date, recoverable amount of the asset and its value at the same date the equity method exceeds the value of the company as determined for the asset on the balance sheet date (i.e. after taking into account its accumulated depreciation and accumulated impairment losses so far) is a unit of treats this surplus as a share of impairment in the fair value of the net assets of the entities below it.

So given the value of the individual share of impairment in the fair value of the net assets of subordinated units can be reversed only if the termination causes indicating permanent impairment by the asset.

Example 6.1. To determine the resale value of the financial assets, which do not relate to income from interest, measured at fair value at the balance sheet date through revaluation 1. JG unit at the end of the financial year, it was found that in the past year have occurred in its economic environment events, which allow you to believe that it is justified at the balance sheet date, financial assets revaluation procedure caused a permanent loss of value.

2. the circumstances indicate that the impairment of concern may, inter alia, one asset measured at its fair value, classified by the available-for-sale assets and valued at-in accordance with the applicable rules in this field and adopted by JG principles accounting policies – by the revaluation.


3. The acquisition of the asset by JG occurred some time ago and was associated with expense 10 0.0-j.p. (monetary units). In periods since the introduction of this component to the accounts to the balance sheet date the fair value of the asset was determined at each balance sheet date and is currently 9000.0-j.p. of accounts shows that the cumulative to date valuation of balance sheet items revaluation related to this asset is negative 1000.0-j.p.

4. The unit has established that at the balance sheet date, the fair value of the asset is 7000.0-j.p. Since the acquisition of this component for 10000.0-j.p. suffered so on the loss of 3000.0-j.p. (i.e. 10 000-7000). Having regard to the circumstances invoked JG believes that the impairment is permanent, because in the long run you can't expect better conditions due to severe financial difficulties. JG decides so to carry out the relevant entries in the accounts and disclosures arising from the revaluation procedure caused a permanent loss of value by a valued asset.

5. asset impairment at the balance sheet date is 3000.0-j.p. and the amount the entity shall disclose in the notes to the financial statements.

6. the accounts unit and reduces the value of the asset and is debited to the profit and loss account for the amount of 2000.0-j.p.. the difference between the fair value of the asset on the balance sheet date (7000 j.p.) and its value as a result of the accounts on this day (9000 j.p.). In addition, moves to the profit and loss account negative revaluation capital (-1000 j.p.) associated with wycenianym asset.

7. In this way, JG shall determine the carrying amount of the asset (7000 j.p.) at fair value at the balance sheet date, the amount of the total financial cost-intensive 3000.0-j.p. and reveals information about updating an extract of 3000.0-j.p.

Example 6.2. To determine the resale value of non-financial assets measured at fair value at the balance sheet date 1. JG unit at the end of the financial year, it was found that during the previous financial year there were circumstances which point to the need to carry out an update procedure at the balance sheet date (as a result of permanent impairment) the value of the investment property being valued at market value.

2. The purchase price of the property was 30 000,-and the value shown in the accounts-32 000,-. In recent times there have been changes in the market value of the property that caused both increase and decrease its value related to the welfare of other operating revenues or load other operating charges.

3. real estate market price at the balance sheet date is 24 000,-; an entity determines that a reduction in its value is 8000.0-(32 000-24 000), by the amount of other operating costs.

4. the body shall be determined, therefore, the carrying amount of EUR 24 000,-, in other operating costs, the amount of 8000.0-and discloses in the notes to the financial statements the amount of 8000.0-as impairment value of property being valued.

Example 6.3. To determine the resale value of financial assets with which relate to income from interest is measured at fair value at the balance sheet date through revaluation 1. JG has for two years the enterprise debt financial assets of the other enterprise, which categorizes available-for-sale assets and shall be valued in accordance with the accepted principles of accounting policies fair value through revaluation. The initial value of the asset was 500 0.0-and recognised in the accounts was a unit under date 1.01.20 A1.

2. on the initial recognition of the asset JG has for him the original effective rate of return-13.8165% (according to the method set out in example 6.5).

3. Having regard to the original effective interest rate unit has established that in the case of the behavior of the distribution of the payments provided for in the contract two years ago, the agreement in the following years, the financial asset should be accounted for in the financial statements for the next days balance in the adjusted purchase price as follows: on the day of the interest income (IRR x SCN) the adjusted purchase price (SCN) initial recognition of 500 000 A1 31.12.20 A1 01.01.20 31.12.20 69 083 424 083 A2 A3 A4 31.12.20 46 655 239 331 31.12.20 58 593 337 676 33 067 127 398 31.12.20 A5 17 602 00 method of calculation * see example 6.5.

4. Until the date of the balance sheet valuation JG skumulowała revaluation of the asset in the amount of 25 917, which was due to the fact that at the end of the year 200A1 the fair value of the instrument is determined by the current market rate of return was 450 000,-.

5. on the day of the 31.12.20 A2 JG finds circumstances to serious economic difficulties of the issuer of the financial instrument; It is already certain that JG must determine another distribution of cash flows associated with the asset, because there are conditions for a sustained loss of its value.

6. on the day of the 31.12.20 A2 r. JG has established the fair value of the asset expected discounting proceeds according to the new distribution of cash flows using the current market rate of return for a similar financial instruments amounts to 15,4473%: on the day of the fair value of the expected cash flows according to the new payment distribution 31.12.20 A3 A4 A5 31.12.20 75 029 31.12.20 86 620 64 990 31.12.20 A6 A7 Total 17 067 31.12.20 56 294 300 0000 7. Unit, confirming the permanent impairment of the asset impairment, shall be its value as follows: balance sheet date Adjusted purchase price (SCN) fair value impairment caused by the loss of the value of the 31.12.20 A2 337 676 300 0000 37 676 carrying 300 0000 8. Wyksięgowuje unit (reverses) positive cumulative impairment on revaluation capital in the amount of 25 917,-, shall be debited to the cost of an asset valuation updating financial to fair value at the balance sheet date and reveals the asset value impairment caused a permanent loss of value of 37 676,-.

Example 6.4. To determine the resale value of the assets valued at the balance sheet date the equity method 1. A significant investor, the JG notes at the end of the financial year, that in the past year have occurred in the economic environment of the unit with it associated events that caused that an associate feels serious economic difficulties.

2. The investment made 5 years ago in the shares of that undertaking (initial value, i.e. the purchase price 40 0.0-j.p. and 30% of the ownership rights to the net assets of the associate) is valued in the balance sheet of the JG equity method.

3. At the date of acquisition of these shares of JG set up the goodwill of an associate in the amount of 5000.0-j.p. so the purchase price included in this day of participation in the fair value of the net assets of the associate in the amount of 35 0.0-j.p. and goodwill-5000.0-j.p. Significant investor has at the same time, a 10-year period to amortise the goodwill.

4. the financial results achieved by an associate in previous periods (from the time of the acquisition of its shares) were different: in the first two years, there have been gains, in the third year, the loss has occurred, but the value of the shares exceeded the price of acquisition (was 0.0 47-j.p.). In the fourth year of an associate loss was significant, and the recognition of the loss under the equity method resulted in that the carrying amount of the investment (shares) is determined at the end of the fourth year was lower than its initial value at 36 0.0-j.p.

5. Ending the year (fifth year of maintaining this investment) it was not for the associate successful. The share of loss of an associate JG amounted to 3500.0-j.p. at the balance sheet date, the value of this investment resulting from the accounts and is determined by the equity method is so 0.0 32-j.p. this amount includes the value of the company – 2500.0 – (i.e. 5000-5 x 500) and a 30% share in the net assets of the associate in the amount of 29 500.0-(i.e. 35,000 + 8500-10 500-3500).

6. To the existence of grounds for permanent impairment, an enterprise concludes at the balance sheet date, that from the moment of the acquisition of shares by 40 0.0-j.p. has suffered a loss of 8000.0-j.p., and circumstances indicate that it is not possible to expect more favourable results due to existing circumstances giving rise to serious economic difficulties of the associate. In this connection, the JG shall undertake the procedure for fixing the resale valuation of this investment caused a permanent loss of value, and sets up the recoverable amount of the investment in the amount of 30 0.0-j.p. difference between amount of 32 0.0-j.p. and recoverable (30 000 j.p.). 2000.0-j.p. JG treats the impairment the goodwill associated with the associated unit caused a permanent loss of the ability to generate economic benefits to the costs and recognised JG.

7. Finally-at the balance sheet date is disclosed in the balance sheet of the JG value of investment in an associate amounting to 30 0.0-j.p. and reveals in the notes impairment of its value in the amount of 10 0.0-j.p. at the same time, JG verifies the principle, on a basis of future periods, the remaining goodwill (500 j.p.) associated with the associated unit.


8. Disclosed in the notes on impairment value of an investment in an associate amounting to 10 0.0-j.p. represents the difference between the value of the recoverable amount of the investment and its value as a result of the accounts on the balance sheet valuation day, after applying the procedures for the valuation of equity method and includes: investment write-downs arising from participation in the increased JG net assets of the associate (i.e. the amount of negative 5500 j.p.) so far, the depreciation of goodwill of an associate (IE. 2500 j.p.) and impairment the goodwill relating to the investment (j.p.). A copy of this is equal to the amount of the burden of financial costs made at the balance sheet date in accordance with the applicable policy in this case.

6.2. The assets valued at an amount required to be paid and the adjusted purchase price 6.2.1. The unit shall determine which of the assets turnover and assets identified in accordance with chapter V and recognized for the assets with economic benefits alone should be in accordance with the Act on accounting and regulation of 12.12.2001 and adopted by the rules of accounting policies is valued at the balance sheet date of the amount required to be paid with caution (in accordance with article 28 (1) of section 7 of the Act) or the adjusted purchase price (as specified in § 16 para 1 and 2 , section 24(3). 1 and 2, paragraph 1 of the regulation of 12.12.2001). These are debts and other financial instruments, which are not valued at fair value.

6.2.2. The amount required to pay the debt financial instruments at fair value, niewycenianych is the value determined in the amount of the adjusted purchase price.

6.2.3. How to determine the amount required to pay import duties of care depends on whether the claims arose as a result of: (a)) issue of cash and financial assets will be paid (financial assets classified as financial instruments), b) to sell or issue or the provision of goods and services is paid in full will be monetary assets (financial assets not classified as financial instruments), c) issue of monetary assets and will be governed by the supply of goods or services (assets leveled with assets or intangible kind; they include in particular the advance on the supply of stocks services, fixed assets, intangible assets).

6.2.4. the amount required to pay the duties resulting from the release of cash and financial assets to be reimbursed (6.2.3) classified by the unit to one of the following categories: loans and receivables or of their own financial assets held-to-maturity, shall designate the adjusted purchase price of niepomniejszona for a copy of the caused loss of values (6.2.7).

According to § 16 para 3 of regulation from 12.12.2001. receivables with a short maturity for which the interest rate is not specified, you can according to § 16 para 1 of 12.12.2001. measure the required amount of payment determined in accordance with section 6.2.8, unless an entity finds that it does not differ significantly from the present value of the expected cash flows through it from the accounts receivable determined using the assigned receivables interest rate.

6.2.5. the amount required to pay the duties resulting from the sale or shipment of goods or the provision of services and of monetary assets (6.2.3). designates the adjusted purchase price of niepomniejszona for a copy of the loss value that enumerates the unit as the current value of the expected future cash flows using a market rate of return for debt financial instruments with similar characteristics. In this case, assumes that the market rate of return and the effective rate of return are equal. The difference between the nominal value and the initial value of receivables is accounted for at the time of using the effective rate of return in accordance with section 6.2.7.

For receivables with a short maturity. up to 3 months, the amount of the payment required may be determined in the manner provided in section 6.2.8, unless an entity considers that this value does not differ significantly from the present value of the expected cash flows through it from this duty is determined by applying the reference interest rate charges.

6.2.6. the amount of the required constitute payment of an advance on the stocks of supplies, services, fixed assets, intangible (point 6.2.3 c) specifies the value of the goods or services they receive from a counterparty is expected, is determined by the unit at the balance sheet date at the price of sale (purchase) of goods or services plus VAT (if appropriate). It could be the whole or part of this value is determined according to the agreement, which was accompanied by the advance. In the case where the payment of debts in the form of the supply of goods or services originating in the importation, the amount required for payment should take into account the average rate by NBP established the correct currency of the balance sheet date. The unit shall be determined on the day of the exchange differences relating to the advance payment. (If the payment is an advance on the purchase of fixed assets or intangible assets, which will create together with the other components of the economic benefits generating assets, it's determination of the possible resale of the amount of import duties shall be in accordance with the explanations of Chapter VII to VIII standard, however, taking into account that the losses for the receivables at the balance sheet date that do not affect the amount of loss caused by asset resale value).

6.2.7. The adjusted purchase price of niepomniejszona for a copy of the loss of values correspond to the amount at which the asset entered in the accounting ledgers (initial value) minus the proceeds of repayments (e.g. loan installments) cumulative adjusted the amount of the difference between the value of the original component and its value at maturity, calculated using the effective interest method. The adjusted purchase price receivables expressed in foreign currency shall be established first in foreign currency using the assigned this duty is the effective interest rate. Expressed in a foreign currency, the value of the amount required to be paid at the balance sheet date are converted into then having regard to established by NBP the average rate of the currency of the balance sheet date.

6.2.8. the amount required to pay dues to short-term maturities (up to 3 months) regulated cash, for which the interest rate is not specified, sets the nominal amount due. In special cases, the amount of the payment required may increase contractual penalties, awarded court costs and due to arrears in payment of contractual or statutory interest, which, as at the balance sheet date, expects unit. In determining the amount of payment required unit does not charge his client due to interest, if you do not claim not to blame. If the payment of the debts in foreign currency, the amount required to be paid in gold shall be determined by applying a fixed average rate by NBP of the currency of the balance sheet date.

6.2.9. the updates, at the balance sheet date, in the accounts of the amount of the required payment in the manner specified in paragraph 6.2.10-6.2.12, and then follow the recommendation given in section 6.2.13.

6.2.10. the amount required to pay import duties and the adjusted purchase price debt financial instruments as determined in accordance with section 6.2.7, shown in the accounts of an enterprise updates at the balance sheet date. To this end, compares the value of debts resulting from the accounts of the amount required to be paid on the same day and increases the value of the debts at the same time recognizing the financial income.

6.2.11. the amount required to pay import duties for a short period due date determined in accordance with section 6.2.8 shown in the accounts of an enterprise updates at the balance sheet date is to put its increase as income or other operating income, depending on whether you want to increase the amount required for payment arises from laws or contractual interest, which, as at the balance sheet date, the entity expects, or other titles.

6.2.12. the amounts required to pay debts incurred as a result of the release of monetary assets interest paid delivery of goods or services (this includes in particular the advance on the stocks of supplies, services, fixed assets, intangible assets) arising at the balance sheet date of the accounts does not update the unit due to the loss of value, if the amount of payment required is determined at the balance sheet date in accordance with section 6.2.6 is higher than the amount required for payment shown in the accounts on the same day. If the amount required to be paid at the balance sheet date in accordance with section 6.2.6 impact Exchange, an enterprise does not treat them as amounts affecting the amount of the resale proceeds.

6.2.13. Reality updated as at the balance sheet date of the amount required to pay the charges in each case shall be subject to verification of the degree of probability of getting it (article 35b (1) of the Act on accounting). To this end, the unit shall proceed in accordance with section 6.2.14-6.2.20.


6.2.14. The first unit decides which claims are barred at the balance sheet date, discontinued or uncollectible as a result of which the amount of their required payment (including the value of the fixed as the adjusted purchase price minus a copy due to a permanent loss of value) cannot be considered real. Their settlement is not, in fact, due to the passage of time law provided for the investigation of claims on the way of a civil action, which releases the debtor from the obligation to pay it (Statute of limitations), the contractor of liabilities and the abandonment of recovery (remission) or due to a documented uncollectability cost-effectively (declared irrecoverable). In each of these cases the unit write off the debt of the accounts, burdening the financial costs or other operating costs depending on whether the asset is a financial instrument or not.

6.2.15. At the balance sheet date, the entity shall determine those charges which, although they are neither past due nor waived, nor bad but there are questionable, which means that their payment has passed and/or are affected by the high probability of default. An entity determines its value resulting from the accounts – if appropriate – and for such currency calculations after receivables impairment loss valuation shall be the values taking into account the principles set out below.

6.2.16. Payment of import duties, in particular if in doubt (article 35b law):-bring the debtor in liquidation or receivership; the unit shall determine the impairment caused by the loss of the value of the difference between the amount of duty resulting from the accounts and the value of the guarantee or other security charges notified the liquidator or the judge of the Commissioner in bankruptcy, a court application for dismissal of bankruptcy or insolvency proceedings, redemption, because the debtor is not sufficient to cover the costs of the insolvency proceedings; the unit shall determine the impairment caused by the loss of values in the full amount of the debts resulting from the accounts, is a challenge by the debtor or by the accumulation of wages, and the material and financial assessment of the situation of the debtor indicates that repayment of debts in the amount of the contract is not probable; the unit shall determine the impairment caused by the loss of the value of the difference between the amount of duty resulting from the accounts and the value of the guarantee or other security duties,-an increase in charges had already been updated due to the loss of value; the unit shall determine the impairment caused by the loss of value in an amount corresponding to the increase in import duties previously established and already updated, when experience has shown that with the type of activity or group of recipients (e.g. in terms of energy, gas, telecommunications, municipal economy, economy, housing resources, selling HP), involves a significant probability of default parts of both the duties expired and nieprzeterminowanych; the unit sets the overall impairment charges caused a loss in value of time structure taking into account the maturities of receivables (receivables according to the dates of sales conditions arising from payment) and the experience of the unit or its available characteristics to reliably determine the probability of payment in whole or in part. For example, if the import duties due from the Group and the audience in a time interval of 30-60 days from the date of maturity are usually repaid in 80%, then the impairment shall be 20% of the amount of duty to be paid; If the import duties payable at the interval 61-90 days shall be repayable in 60%, the impairment is 40% of the amount of duty to be paid in this time period; If the probability of payment of outstanding debts within a period of 180 days or more after the due date is very low, then the impairment for these receivables amounts to 100% of their amount. In the case of the analysis of the likelihood of payment by a different audience reasoning may be similar, but the probability of adjustment of import duties could be different and therefore different will be the amount of impairment charges from the audience.

6.2.17. Where it is found that is probable that the unit does not get cash receipts at the time and/or the values stated in the contract relating to the receivables being valued at the corrected purchase price, then it sets the amount possible to recover from being valued. This amount represents the present value of expected cash flows by the unit in other than the originally expected time and/or in other than originally expected amounts of revenue, discounted using the original effective interest rate. The original effective interest rate is the rate that the body established for this import duties on its initial recognition in the accounts. Measurement of impairment of the asset loss value of the unit shall be in the amount of the difference between its value recognised in the accounts in accordance with section 6.2.10 and fixed in this way the amount to be recovered. In the case where it is established that is probable that the unit does not get cash receipts at the time and/or the values stated in the contract relating to the receivables with a short maturity (up to 3 months) being valued at face value, then it shall be possible to recover the amount of the import duties being valued based on this amount represents the present value of expected cash flows by the unit in other than the originally expected time and/or in other than originally expected amounts of influence , discounted using a market rate of return at the balance sheet date. Measurement of impairment of the asset loss value of the unit shall be in the amount of the difference between its value recognised in the accounts and fixed in this way the amount to be recovered. If in the next periods, there is a need to make subsequent valuation of impairment of the asset, the market rate of return adopted shall apply as if they represented the original effective interest rate.

6.2.18. If an enterprise concludes that the current price at the balance sheet date of sale (purchase) of goods or services they receive from a counterparty is expected, is lower than the amount paid on delivery of the advance, and the advance payment is not refundable and there is no likelihood of total or partial non-delivery, is a unit determines the recoverable amount of the goods or services. In the case when the set value of the recovered is lower than the selling price (purchase) of goods or services, the amount of the debt (down payment) shall be reduced by impairment caused by the loss of the values given in the amount of the difference between the advance payment and lower the value of the recovered. The amount of the difference shall be debited to the other operating costs. In the case where there is a likelihood of total or partial non-delivery, the enterprise treats the advance as a dubious claim and proceed as described in section 6.2.15.

6.2.19. The amount of the impairment reduces the value of the receivables resulting from the accounts and shall be charged in the case: the charges are considered financial instruments-financial costs, the remaining duties. as a result of the sale or release of goods or services – other operating costs. The value impairment charges resulting from the lease agreement concluded between the beneficiary and the financing charges financial expenses or other operating costs, depending on the type of financing activities.

6.2.20. Surplus skompensowanej duties with a commitment to the same contractor (according to article 498 and further act of 23 April 1964 Civil Code, OJ of 1964 No 16 item 93 as amended) shall be assessed by the impairment on the principles referred to above.

Example 6.5. -To determine the resale value of the assets valued at adjusted acquisition price 1. The enterprise has two years to claim JG another unit, which categorizes into loans and receivables. The initial value of the accounts receivable was 0.0 500 – and recognised in the accounts was a unit under date of 2.01.20 A1.

2. Because this duty is allocated not JG for sale, at the balance sheet date are valued at the purchase price adjusted it less impairment loss the measurement values (rather than at fair value).

3. On the day of the uprising found duties with the debtor that he will repay this debt in equal installments over a period of five years after the 0.0 145-per year.

4. on initial recognition of the import duties (introduction to the books) a unit established for this duty is the original effective rate of return at the internal rate of return (the so-called. IRR) calculated by conversion of the formula: where: PV-initial value of the asset, the IRR is the effective interest rate (the so-called internal rate of return), and periods of anticipated revenue and expenditure related to the asset, k-period last payment and/or last expenditure associated with the following assets at constant nominal interest rate associated with the asset or time, followed by the closest of interest rate adjustment NCFi-predicted for the period and net cash flows associated with the asset.

5. in carrying out the relevant conversion: 500 000 = 145 000/(1 + IKR) 1 + 145, 000/(1 + IRR) 2 + 145, 000/(1 + IRR) 3 + 145, 000/(1 + IRR) 4 + 145, 000/(1 + IRR) 5 unit established the original effective interest rate (%) 13,8165 13.82


6. The unit has established that in the case of preservation of payment method provided for in the agreement two years ago (i.e. undistorted repayment of the import duties and related interest) this duty using the original effective interest rate should be, in the following years, reported in the financial statements on the following days in the balance sheet of the adjusted purchase price as follows: on the day of payment of interest and instalments of debts (NCFi = wpływyi-wydatkii) interest income (IRR x SCN) the adjusted purchase price at the end of the period, adjusted rates acquisition (SCN) initial recognition of 01.01.20 A1 31.12.20 A1, 500 0000 500 0000 145 000 13.8165% x 500 000 = 69 083 500 0000 + 69 083-145 000 = 424 083 424 083 A2 31.12.20 145 000 13.8165% x 424 083 = 58 593 424 083 + 58 593-145 000 = A3 31.12.20 337 676 337 676 145 000 13.8165% x 337 676 = 46 655 337 676 + 46 653-145 000 = 239 331 239 331 31.12.20 A4 145 000 13.8165% x 239 331 = 33 067 239 331 + 33 067-145 000 = 127 398 127 398 31.12.20 A5 145 000 13.82% x 127 398 = 17 602 127 398 + 17 602-145 000 = 80 00 7. On the day of the 31.12.20 A2 r. JG has shown in the accounts receivable in the adjusted purchase price 337 676,-. On this day it was found, however, the circumstances of the serious economic difficulties of the debtor; It is already certain that JG has to renegotiate the terms of the agreement and not to lose this duty is extended its repayment and fix a different distribution of repayments.

8. It was found that the amount of proceeds expected from the dues (originally in the period 31.12.20 A3-31.12.20 A5) will not change and will continue to be 435 000,-. However, there will be changes in the distribution of the proceeds; It is expected that they will take place as follows: on the day of payment of interest and instalments of debts (NCFi = wpływyi-wydatkii 31.12.20 100 000 100 000 A4 31.12.20 A3 31.12.20 A5 100 000 100 000 A6 A7 31.12.20 31.12.20 35 000 Total 435 0000 9. JG found on day 31.12.20 A2 r. possible to recover the amount of the receivables discounting the expected proceeds according to the new schedule of payments using the original effective interest rate fixed in advance for this import duties (13,8165%).

10. Calculating the amount to be recovered: on the day of payment of interest and instalments of debts (NCFi = wpływyi-wydatkii) the discount Factor given by the original effective discount rate (IRR = 13,8165%)

The present value of the expected cash flow 31.12.20 A3 100 000 0.878607 31.12.20 87 861 A4 100 000 0.771951 31.12.20 77 195 A5 0.678241 A6 31.12.20 67 824 000 100 100 000 0.595908 31.12.20 59 591 35 000 18 325 0.523569 A7 Together 435 x 310 796 11. Unit, confirming the permanent impairment of the receivables, the impairment determined its height as follows: balance sheet date Adjusted purchase price (SCN) amount to recover the impairment caused by the loss of the value of the 31.12.20 A2 337 676 310 796 26 880 carrying 310 796 12. The unit enters the impairment to the accounts and the carrying amount of the receivables amounting to 796 310,-, which is the corrected acquisition price (337 676) less any impairment of this rental (26 880). Impairment 880.0 26-intensive financial costs.

6.3. The assets are valued at acquisition price (purchase), at cost or revalued amount 6.3.1. The unit shall determine which of the assets turnover and assets identified in the manner prescribed in chapter V as with economic benefits, should be in accordance with the Act on accounting and adopted by the rules of accounting policies-valued on the balance sheet at cost (purchase) cost no higher than net selling price, the purchase price or market price, whichever which of them is lower, and those that should be valued at purchase price or at cost or revalued amount less any depreciation or umorzeniowe and impairment caused by the loss of value.

This may include: (a)), property, financial assets measured at cost (purchase) cost no higher than net selling price (article 28 (1) of section 6 of the Act), b) short-term investments are valued at the price (s) in the market or purchase price, whichever is lower (article 28 (1) of section 5 of the Act), c) long-term subordinated units of shares (article 28 (1) of section 3 and 4 of the Act) and the long-term stakes in other units (article 28 (1) point 3) valued at purchase price, d) the investments covered by the category of available-for-sale financial assets for which there is a definite maturity and of fair value cannot be determined, and therefore measured at cost (§ 16 para 3 of regulation of 12.12.2001), e) investments in real estate and intangible assets in investments, valued at purchase price or at cost or revalued amount (after the revaluation of fixed assets) minus depreciation or umorzeniowe (article 28 paragraph 2. 1, paragraph 1a of the Act), f) other than those long-term investments if they are valued at the purchase price (article 28 (1) of section 3 of the Act), g) fixed assets under construction is priced at their acquisition or production cost (article 28 (1) of section 2 of the Act), h) fixed assets and intangible fixed assets are valued at purchase price or at cost or revalued amount (after the revaluation of fixed assets) minus depreciation or umorzeniowe (article 28 (1) of section 1 of the law), 6.3.2. The unit shall be valued individually these assets that are individually significant and distinct as to the nature and function of an adjacent unit. Other assets of the unit can measure them individually or in a group valuation in determining the required on individual values. separately for a group of assets referred to under point 5.5.

6.3.3. the impairment of tangible assets (stocks held for use in operating cycle or other tangible assets held for disposal within the next 12 months) measured at cost (purchase) cost no higher than the net sales price of the unit shall be determined in accordance with section 6.3.8-6.3.17.

6.3.4. Impairment of short-term investments valued at cost price or market (value) whichever is less, the unit shall be determined in accordance with paragraph 6.3.18-6.3.22.

6.3.5. The loss of the value of the long-and short-term interests in other entities and investments that are classified to the category of financial assets available for sale, but without a specific maturity date, measured at its unit shall be determined in accordance with point 6.3.23-6.3.26.

6.3.6. Impairment of fixed assets and intangible assets, fixed assets under construction, investments in real estate and intangible assets and other investments that are valued at purchase price or at cost (or revalued amount) less any depreciation or umorzeniowe and impairment caused by the loss of the value of a unit shall be determined in the manner discussed in chapters VII and VIII , except that an assessment of impairment is only considered a single asset, rather than a team of economic benefits-generating unit assets as a group. Check whether the value of the required future economic benefits from the net a single object evaluation of impairment, which specifies the value (see section 2.10) or the value in use (see point 2.11)-depending on which is higher – no less than the book value of that object at the balance sheet date which justifies making a resale.

Usually without much difficulty-already at an early stage-can be assessed, when the body have greater economic benefits from that asset: selling it is fixed then its commercial value, if using (keeping) continues to conduct its business is determined then its value in use.

If, however, the commercial value of such component will be impossible to determine, but preliminary analysis indicate that it will probably be higher than the value of its use, then further steps depend solely on determining value in use, taking into account the recommendations set out in paragraph 8.2.8-8.3.29.

In the case when the object's value in use is expected to evaluate impairment unit economic benefits alone will be less than its commercial value, or the value in use of estimates for various reasons can not be well documented for determining the recoverable amount of the object role pivotal plays its commercial value.

If at the balance sheet date the body, guided by the article. 4.1 paragraph 1. 1 and 2 of the accounting Act and the desire for a fair and clear presentation of the material and financial situation and profit, extracts the assets and/or intangible assets (or other assets, including their group), used before the balance sheet date for operating activities, but at the balance sheet date, withdrawn from use, and are intended to be disposed of over the next 12 months, to the valuation of these assets the unit applies the rules on property, current assets presented at 6.3.8-6.3.17.


6.3.7. Impairment of active accruals measured with care unit shall be determined in accordance with point 6.3.27-6.3.30.

Tangible fixed assets turnover 6.3.8. The unit extracts objects evaluation of impairment identified as with economic benefits in kind components individually operating assets within the meaning of article 3. 3 paragraphs 1 and 2. 1, paragraph 19 of the accounting Act (i.e. the materials purchased for own-account consumption, manufactured or processed by the finished products – products and services – fit for sale, or in the course of production, semi-finished products and goods purchased for resale in unaltered state). An enterprise may also include these components withdrawn at the balance sheet date and are intended to be disposed of over the next 12 months fixed assets and/or intangible assets (see section 6.3.6 last paragraph).

6.3.9. The basic premise to justify recognition of a financial asset for impairment assessment objects are arrangements made in accordance with chapter V, as well as finding during an inventory of the nature, inspection, data analysis of records of the rotation (time of leaving), etc., that they have lost part or all of the value in use or trade (article 7 (1) of the Act). This may occur, for example, as a result of the damage, deterioration, zeschnięcia, loss of aesthetic characteristics, ageing, changes in customer preferences, technical progress, over the season, reduced market demand, or to dispose of economic reasons. Another premise impairment may be likely at the balance sheet date, an increase in the estimated cost necessary to bring sale to effect, the fact that the purchase price (purchase) of certain goods or materials due to adverse or transactions costs of manufacture of some products due to the boot, or-on the contrary-blanking production process, etc. are higher than their net selling prices.

The valuation of the carrying amount of property, assets, for which such indications do not occur, at the level of the accounts on the balance sheet date. the purchase price, purchase, cost, or if it occurs-in net worth.

6.3.10. where the existence of conditions, indicating that there has been a reduction of the value or values of the commercial components of the property, current assets, these assets shall be valued individually on the net selling prices (article 28 (5) of the Act). The starting point for the establishment of the current at the balance sheet date, net selling price is the selling price of the asset. Depending on the type of asset for the selling price shall be adopted listing stock exchanges, the prices charged by competitors, prices at its own price list entity or the prices resulting from the agreements with the recipients if they are reliable. If, for a component of operating assets in kind valued at it is not possible to determine the selling price, in this way it should be in some other way to determine its fair value at the balance sheet date.

6.3.11. Impairment valuation of the tangible operating assets in case of a surplus value of this component of the accounts on the balance sheet valuation day (purchase price, purchase, cost, or, if there is a net value) on its net selling price. A copy of this lowers the valuation day value of the carrying amount of the asset and, at the same time, it is also referred to the financial result (article 34 (5) of the Act on accounting).

6.3.12. If Unit maintains supplies of tangible current assets in an amount exceeding its economic needs considered normal, the amount of the excess shall be valued at the net selling price, if they are lower than the prices of acquisition, purchase or production cost of these components. While the amount of economically useful shall be valued at purchase price, purchase or cost. For the production of components, such as stocks. materials, semifinished items are valued at the purchase price, purchase cost only if it is anticipated that other assets (for example, finished goods, fixed assets under construction), which in the future will come stock components in accordance with their intended purpose, bring the unit expected economic benefits. If it is anticipated that with the assets, which will be currently valued components of the stocks, the future economic benefits will most likely be lower than originally expected, as for example. will bring losses to the carrying amount of such items shall be determined at the level of the net sales price, if they are lower than the prices of acquisition, purchase or production cost of these items.

6.3.13. If an entity maintains adequate inventory (e.g., finished products, goods), intended for sale to an anonymous recipient in the amount of excessive in relation to the possibility of their disposal during the period considered to be normal, then the carrying amount of these excessive assets should not exceed the height of the net selling price received for it, for example. at periodic sales. An enterprise should determine the applicable rules in this respect, providing that the ownership at the balance sheet date, the status of such items is divided into parts, taking into account the possibilities and sales policy provided for in the subsequent periods by the unit for such stocks. This means that the carrying amount of the item will be determined as the sum of:-the value of the parts of the item provided to dispose of during the period following the balance sheet date fixed, depending on which of the values at the balance sheet date is lower-cost level, the purchase cost or the value of the net selling price, the value of the parts of the item provided for disposal in another, later you determine the price level unit of acquisition, purchase or cost or reduced, eg. for a specified percentage of the net selling price (whichever is the lower).

If the sale of the item will be also in future periods, when determining the value of the parts of the item for sale in these economic times the unit accepts the above procedure having regard to the legitimacy of further reduction of net selling prices, depending on the type and destination of the stocks, their sensitivity to changes in fashion, design, technical progress, etc.

6.3.14. Stocks valued at net sales, where prices are lower than the prices of acquisition, purchase or cost, analyses to be broken down into the types of stocks-in principle-the position after position. However, in the case provided for in point 5.5, due to the adopted valuation principles and at the same time an individual valuation can be one indicator of the cumulative value of inventory reductions make the accounts. The cumulative reduction is possible for a group of items, a homogenous due to the purpose, material, origin, produced in the same geographical area and the characteristics of the ingredients covered by this group. It is not making the same bulk rate reductions in the value of the total finished, General materials, etc. If they do not constitute a homogeneous group.

6.3.15. Stocks may include products during manufacture for individual orders (e.g. homes built by developers, industrial buildings, ships, turbines, etc.). An enterprise should analyze the risks arising from an individual, unique and mostly long-term nature of contracts (contracts) and assess their impact on the valuation of the carrying amount of such assets. In particular, the risks can be caused by changes in the scope of production, insufficient appreciation of the product design and technology, nietrafnym zapreliminowaniem the cost of manufacture, etc., so that the costs will not be covered in the selling price. If such items relating to construction services not finalised by their balance-sheet valuation unit shall be carried out in accordance with the CRS 3-Uncompleted building services. If an entity other than the construction of a long-term service contract, it is up to the balance sheet valuation related assets also recommended the appropriate application of the provisions of the CRS 3-Uncompleted building services. For the rest of the work in progress under individual orders, the unit shall determine the difference between contract selling price (excluding VAT) adjusted downward the impact on the price of such adverse events as changing exchange rates, if the contract price thereof on foreign currency, penalties accruing to the customer for failure to comply with the by product of the declared parameters or the expected delay in the fulfilment of the contract, etc. and the value of the asset is measured at its resulting from the accounts, plus the amount of the costs which are incurred by individual assessment made at the balance sheet date is necessary for the fulfilment of the contract.

6.3.16. Determined in the manner described in section 6.3.14 and 6.3.15 net sales price over book value of surplus stocks justifies making resale valuation to the loss of value by the pomniejszającego the value of stocks resulting from accounts at the balance sheet date, while at the same time incriminating profit or loss of the period. In the case of reverse the book value of the item remains unchanged.


6.3.17. the recognition in the accounts, the balance sheet date, the inventory value adjustments arising from accounts at the balance sheet date for impairment-to their valuation in the lower net selling price, depending on the adopted unit registration solutions. Impairment may be treated as a deviation from the cost of a particular group of stocks (materials, goods, products, etc.), or extracted as a revaluation of the Group of stocks due to loss of value. In any case, a copy of the resulting from the reduced value of the accounts of certain components of the inventory, and the later partial or total inventory issue entails the need to determine the portion of the allowance requires generating in the wake of an issue.

Example 6.6. -Measurement of tangible operating assets in the production company 1. An enterprise that manufactures upholstered furniture sets JG on individual orders on 31.12.20 A1 r has tangible assets with a different purpose.

2. At the balance sheet date, JG concludes that it is appropriate to carry out the revaluation of these assets, to the existence of facts that point to the loss of their values.

3. JG determines that property assets should measure individually, because they are the assets of the wypracowującymi benefit economically one by one and have a significant personal value, and which may form a homogeneous group, also recognised as assets with economic benefits alone.

4. inventory JG is 510 m2 organic skin of the purchase price (wholesale) £ 30/m2. Due to the trends in furniture production rates in the last year have deteriorated and amounts at the balance sheet date 27 PLN/m2. At the same time, JG notes that were also lowering market prices upholstered leather. It further argues for making the resale value of the item of the skin and reduce its valuations to 27 PLN/m2. Impairment inventory value organic skin is 510 m2 x (30-27) = 1530.0 and the enterprise recognises it in separately from the records of the deviations from the standard price, placing other operating costs.

5. JG also finds excessive in relation to the needs of the store glue carpentry. Glue the purchased last period at a price 20 zł/litre. JG believes that excessive in relation to its needs, includes 20 litres. The body, fearing the expiry of the suitability of the glue to use, was already a potential client, which declares a desire to redeem the excessive £ 17, item/litre, provided the glue to the store of the recipient. The expected cost of transport unit is estimated at 100.0. JG sets the new value of the item of the excessive glue of 240.0 (i.e. 20 gallons x $ 17/litre-100). Impairment of 160.0-(400-240) charges other operating costs.

6. also notes that JG has a store three identical sets of wholesome products tapicerowanej joinery. The cost of each of these sets is 5600.0-. However, in the last period, the value of these sets has been updated, as JG has lowered the selling price due to the fashion fabric pattern already, which we used for upholstering furniture. At the balance sheet date, the Enterprise again lowers sales price, resulting in the net selling price is 5400.0-per set. JG shall determine impairment value of these three sets of-600.0-(i.e. 3 x (5600-5400)) and recognised it as an adjustment of the value of the products resulting from the accounts, as well as a load of other operating charges.

7. In connection with the withdrawal of the use of machines for the manufacture of curved furniture with which this production unit resigns, intended to dispose of the machine, at the balance sheet date, in accordance with the accepted principles of accounting policies-JG shows the net value of this machine 0.0 14-in property assets. The machine is prepared for sale (disassembled) and agreed with the potential buyer sales price is 11-700.0. In accordance with the agreement will bear the costs of security special yet JG this machine during transport, which, according to an estimate will amount to 200.0. JG are valued at net selling price of the machine in the amount of 11-500.0 (i.e. 11 700-200) and impairment in the amount of 3500.0, which charges other operating costs. In view of the withdrawal of this machine it is necessary to also update the inventory value for spare parts for this machine. The value of the acquisition of those parts of the item was 1000.0-and there was not yet updated, because there were no indications that they become unusable. The buyer of the machine does not, however, expressed a desire to purchase spare parts. That's why J.G. must acknowledge store of spare parts for the economically useless, because they cannot be used for other machines and cannot sell to anyone else. JG is going to in the next period of spare parts for recycling and scrap expects to receive 350.0. The cost of transport to the point of buying the scrap will be 50.0. JG acknowledges that the value of the item is portion of the balance sheet date, 600.0-(1000-350-50) and difference (400) as impairment relates to other operating costs.

Example 4.2. -Inventory valuation in company 1. JG trading has on A1 31.12.20. stock according to the following specifications, which stated the need to update their pricing.

The value of the stock component at its Current net write-downs resulting from the accounts (2-3) net selling price (the inventory quantity x unit price) special selling value in the net selling price (5-6) to increase the resale (4-7) the carrying amount (2-3-8) (1) (2) (3) (4) (5) (6) (7) (8) (9), wooden garden planters 11 100 11 100 9 0000-9 0000 2 100 9 0000 industrial Plastic containers, composts 12 200 1 0000 11 200 9 wide garden mats Wicker 300 700 8 600 2 600 8 600 20 100 20 100 18 0000 600 17 400 2 700 17 400 Pillows to 5 600 700 4 900 2 300 2 300 2 600 2 300 garden furniture garden umbrellas 12 400 1 400 11 0000 10 0000-10 0000 1 0000 10 0000 portable Decorative Lighting equipment for gardens, ornamental Figurines 30 0000 30 0000 23 0000 23 0000 7 0000 23 0000 for gardens

7 0000 7 0000 2 0000-2 0000 5 0000 2 0000 Wooden garden houses (elements of) 44 0000 44 0000 30 0000 500 29 500 14 500 29 500 Plastic garden furniture is 17 0000 2 0000 15 0000 10 0000 10 0000 5 0000 10 0000 6 0000 6 0000 1 0000 1 0000 5 0000 1 0000-CD Calendars for the past year 1 200 1 200 00-00 1 200 00 Christmas ornaments 4 200 1 0000

-3 200 2 100 2 100 1 100 2 100 Total 170 800 6 100 164 700 X X X 49 800 114 900 2. Each of the following groups of items, despite the diversity, it is considered as a homogeneous group of JG and assets – each individual is treated as assets with economic benefits alone.

3. the carrying amount of the Valuation of goods, which involved an increase in resale: 31.12.20 A1 Value stocks at cost (2) impairment valuation (3 + 8) (9) value of stocks resulting from impairment losses Increased 170 800 6 100 164 700 accounts 49 800 (49 800) the carrying amount of inventories of goods 170 800 55 900 114 900 4. JG has these stocks in the Group of goods in carrying 114 900.0-and at the same time charges other operating costs an upgrading of 49-800.0. In the notes to the financial statements, an enterprise discloses the value impairment valuation of the item of goods in the amount of 55-900.0.

5. detailed records of the goods item unit shows data on initial value of stocks at cost, initial state, increases and reductions, impairment and their end-state for the individual components of the inventory groups.

6.3.18 short-term investments. The unit shall be those recognized under the explanations of chapter V of the assets with economic benefits alone short-term investments, which in accordance with the law and adopted by the policy unit in accounting policies-are valued at the balance sheet date at the price (s) in the market or in the purchase price whichever is lower (article 28 (1) of section 3 of the Act). This may include such assets. are not counted to works of art, antiques, coins with Numismatic value, medalierskie and other collectibles, the stocks of bullion, jewellery, valuables, letters, and other assets, meeting in the role of investment and intended for disposal over the next 12 months.


6.3.19. assets such are valued individually. For short-term investments, for which there is an active market is determined by their market value. Depending on the type of asset, market value prices shall be documented as a result of sales transactions recently made publicly available pricing, specialized shops, auction houses, antique shops and other units involved in the marketing of such goods. If measured at its short-term investment component, it is not possible to determine a reliable market value, its fair value at the balance sheet date is referred to in a different way, using for example the services of Appraisers.

6.3.20. Impairment valuation of such short-term investments in the event of excess at the balance sheet date, the value of this investment resulting from the accounts, over its market value. A copy of this lowers the valuation day value of the carrying amount of the asset and, at the same time, it is also referred to the financial result (updated value investing).

6.3.21. If the value of the short-term investments resulting from the accounts on the balance sheet date is not its value at cost (as previously made write-downs cost), and the market value determined on the day is higher than the value of the investment at the price of its acquisition, the entity shall determine the difference between the lower value resulting from the accounts and higher than the value in the purchase price, and then increases the value resulting from the accounts to bring it up to the market value not in excess of the original purchase price that in such a case, shall designate the carrying amount of the investment. The amount of the increase in the carrying amount of the investment term unit refers to the financial result (updated value investing).

6.3.22. the recognition in the accounts, the balance sheet date, value adjustments in short-term investment resulting from the accounts of impairment depends on the adopted unit registration solutions. A copy can be extracted as a revaluation of the investment due to the loss of value or reduce the value of investments directly resulting from the accounts. It is recommended to use the first solution. In the case of a homogeneous group of investment resulting from the reduced copy of the accounts the value of the group, and later the partial or complete disposal of investments covered by the Group makes it necessary to determine the appropriate part of the allowance requires generating in the wake of an issue.

Example 4.2. -The valuation of investments at the lower of the two values: the acquisition price or at the price (s) in the market 1. At the beginning of the 20A1 r. JG unit purchased at auction a valuable collection of coins, paying for it-0.0 53. The unit considered that this investment will be short term in nature and has adopted an appropriate level for her.

2. At the end of the first half-year financial statements and reviewing JG therefore has also carried out a valuation of a collection of coins. Its carrying amount stood at 48 0.0-because the value of the point measurement of the coins according to the current catalogue prices quoted on the market of the pickers. JG considered it appropriate to make a resale value of an investment in the amount of 5000.0. A copy of the financial result has been charged.

3. on the 31.12.20 A1 r. JG still classifies a set of coins to the investment group.

4. In connection with the valuation at the balance sheet date, JG again uses the current directory for this day prices and finds that the current at that date the value set is 50-0.0.

5. She is still lower than the cost of a set of 3000.0. However, the current market value (50 000) is higher than the value resulting from the accounts of the day (48 000) of 2000.0.

6. The valuation of this investment in the current fair market value and therefore the value of the investment increases the JG-2000.0, setting its carrying amount (50 000) at current market prices at the balance sheet date (but still less than the purchase price). At the same time, JG acknowledges the financial result (updated value investing).

7.30.06.20 A2 r. JG again prepares the financial statements.

8. On that day the market value of the coin set is already 56-0.0. and is higher than the value resulting from the accounts (50 000) of 6000.0. It is also higher than the acquisition price (3000).

In this connection, on the A2 30.06.20, J.G. leads stemming from the accounts of the value of the investment to its value in the purchase price (53 000), which follows by increasing its value to 3000.0. As before, the JG considers financial result (updated value investing) and thus brings the carrying amount of the investment to the value of the purchase price (53 000).

Financial assets with indefinite maturity 6.3.23. The unit shall determine which of the investments classified into the category of available-for-sale financial assets do not have a specific maturity date and are recognized by the unit, in accordance with chapter V, for the assets with economic benefits alone. If such financial instruments unit cannot determine the fair value, are valued at them (according to § 16 para 3 and § 24 paragraph 1. 2. section 3 of the regulation of 12.12.2001) at cost less impairment caused by the loss of values.

6.3.24. For each component of the financial assets, as referred to in paragraph 6.3.23, the individual shall be determined separately whether occurring at the balance sheet date, the circumstances indicate impairment of the asset (within the meaning of article 28 paragraph 7 and article 35b of the accounting Act). If adverse circumstances have a temporary character and entity finds a permanent impairment, the carrying amount of the asset shall be determined according to the value of this investment resulting from the accounts on the balance sheet date.

6.3.25. where a permanent loss of the asset value of a unit shall be a surplus value of the asset arising from accounts on the balance sheet date, the present value of future cash flows expected from the asset by the enterprise, discounted using the current market rate of return for an asset valued at selected, respectively, and used for similar financial instruments (section 24 (2) of section 3 of the regulation of 12.12.2001). Impairment reduces the value of the asset arising from accounts at the balance sheet date and shall be debited to the financial costs. If the excess referred to do not occur, the carrying amount of the asset is its value as a result of the accounts on the balance sheet date.

6.3.26. the balance sheet shows investment in net worth, but in the books of the impairment value of an investment is recognised separately from the cost of the investment.

Example 4.3. -To determine the resale value of the financial asset of an unspecified due date 1. JG unit has in the portfolio of securities actions of another unit, which it acquired for 100 000,-. Categorizes these shares at the date of acquisition to the available-for-sale assets. Unit devoted not for sale, because it has not yet decided whether the resale them przysZ1ości, or rather will be further nabywała shares in the unit to create a package.

2. Not yet carried out any revaluation caused a permanent loss of the value of these shares, because there are no grounds to justify this need. JG once even received due to its dividend.

3. At the end of the current financial year (31.12.20 A1) JG has stated that in the last quarter of this financial year, there were suddenly some events in the economic environment of the issuer of the shares, which resulted in quite a long time that it will survive a serious economic difficulties. JG believes that these difficulties will be permanent, because they can take up to 4 years. Shares lose very quickly to market value. Despite this, the body does not want to sell the shares because it believes that after a difficult four-year period, the company will begin to prosper better, and then the sale may prove to be beneficial. JG is not expected to until it was possible to obtain some dividends.

4. JG carefully estimated that hold shares in the portfolio for five years and sell them at the beginning of the year 20A7. According to experts from the capital employed in the selling price can be action likely JG 130-0.0.

5. JG establishes that at the balance sheet date, 31.12.20 A1. the current value of the future cash flows expected from the sale of shares is 61-893.0 (in an industry in which the company works, the current interest rate (rate of return) is 16%, and at this rate the discount factor for the fifth year is 0,4761).

6. The resulting impairment calculations the value of investments is 38-107.0 (i.e., 100 000-61 89). At the balance sheet date are recognised in the records it JG separately from the value of the shares at the purchase price and charge costs.

7. The carrying amount of the investments is 61-893.0, and disclosed in the notes to the financial statements impairment-38-107.0.

Prepayments 6.3.27. The unit shall determine which of the long-and short-term Accruals are recognized in accordance with chapter V of assets with economic benefits, and which ones are operational expenditures of future periods, and which are caused by the recognition of the difference between the higher obligation acquired cash and lower the amount actually received (article 39 paragraph 4 of the accounting Act).


6.3.28. In assessing whether or not impaired at the balance sheet date effective accruals included in accordance with article 4. 39 paragraph 4 of the law on the accounting unit examines the accounts shown is still a commitment, with which it was associated the emergence of these settlements. In the case of limitation or balance for the whole of such an undertaking an entirely write off the value of these accounts the financial costs. In the case of a partial redemption of such an undertaking unit write off the portion of accruals, which corresponds to the umorzonej part of the liabilities.

6.3.29. deferred expenditure Operating unit is valued at in accordance with article 4. 39 paragraph 3 of the Act on accounting in shown in the accounts as at the balance sheet date have not yet cleared the amount of caution. Their being shown in the financial statements is appropriate when an individual has not changed their plans aiming to reap the benefits of (paid in advance) the benefits provided by other entities on its behalf. Otherwise, and in particular, where the contract accompanying the creation of such accounts cannot be terminated or does not provide for the reimbursement of paid upfront sums, estimated unit in which periods will be yet to reap the benefits of these benefits; This part of the inputs, which is for a period exceeding the time requires writing and constitutes impairment value of these inputs. Billing rate adjustments will affect the results in the following periods, starting from the next by a load of profit.

6.3.30 unit shall be determined as is being shown in the accounts of the short-and long-term deferred expenditures (such as for example: charge: rents, fees for operating lease, insurance, subscriptions, overhauls, the first equipment, etc.) the amount outstanding at the balance sheet date is reasonable, or whether the amount of this settlement on another reporting period should be reduced due to the loss of future economic benefits of services provided by the effort. If it is concluded that the economic benefits will be smaller, resulting from the accounts the value of such an interim between the settlement requires. The height of the resale shall be determined on the basis of professional judgement, which occurs between the heading accruals and planned activities of the unit. Valuation allowances accrued increase up other operating costs.

Example 6.10. -Impairment short-term accruals 1. JG unit on A r 31.12.200. prepayments and accrued income are paid from the Directorate of the fair rent for renting exhibition premises, together with the necessary equipment. Accruals for settlement for next year are 1000.0-and long-term accruals the revenue-2000.0-.

2. The rent was paid in accordance with the agreement two years ago, five years in advance, at the rate of 5000.0.

3. Two years ago, an enterprise, provided for the use of rented exhibition surface in a very intense way.

4. In the next year will only surface use 200B per hour. There is no provision for the possibility of sub-license to other individuals that surface because the tenancy agreement does not allow. In the following years, again expected to make full use of the surface.

5. It was estimated that in the next year, the rented area shall be used only in 20%, it is justified to reduce the tendency in the report ending 200A year value of this effort (of accounts) for impairment 800.0-(i.e. 80% x 1000) and to determine the carrying amount of this settlement of 200.0. The amount of long-term settlement of rent-2000.0-remains unchanged.

VII. IDENTIFICATION of ASSETS-GENERATING UNITS ECONOMIC BENEFITS AS a GROUP and to establish IMPAIRMENT ASSESSMENT OBJECTS 7.1. The procedure set out in this chapter, an entity shall apply to these assets – impairment assessment objects, which may relate to the effects of the circumstances referred to in chapter IV and identified as current at the balance sheet date, the assets and which have not been considered with economic benefits alone.

For this purpose an entity first determines the centers with economic benefits (cf. para. 7.4-7.8), then sets the common assets (para. 7.9, 7.10) and goodwill or negative goodwill due to the economic benefits generating (paragraphs 7.11-7.14). In turn, the unit-if necessary-adjusted fixed assets with economic benefits as a group and finally (7.15-7.17) specifies the objects group assessment of impairment.

7.2. It is important that subsequent periods the unit consider the role each asset applying consistently once accepted the Division of the assets or the adjusted assets with economic benefits as a group. If you do not change the economic role of the asset, it continuously falls within it to a collection, to which the asset was originally assigned. To this end, detailed records of intangible assets, property, plant and equipment, investments and other assets-generating units economic benefits as a group, the corresponding annotation, indicate their allocation for a given set of economic benefits-generating unit assets as a group.

7.3. If the changes carried out during the reporting period, for example. the reorganization, which resulted in changes to the composition of the assets in the wypracowującym economic benefits, to which they have been assigned common assets and/or the value of the company, the timeliness and accuracy of the mapping requires verification. If, in subsequent periods there will be a change of plans as to the destination or the economic function of the asset, the asset is up to its revised role-as appropriate to another (competent) set of assets or assets adjusted economic benefits-generating unit as a group.

Economic benefits generating 7.4. Economic benefits generating it is-as pointed out in point 2.6 is the smallest identifiable group of assets-generating units economic benefits (net cash flow) in groups, in a manner largely separate from the assets of the economic benefits-generating unit individually, or other economic benefits-generating unit as a group. The ability to generate future economic benefits unit block occurs when subject to reap the benefits from the use of (maintain, or dispose of) individual asset is its use (maintenance or disposal) together with other ingredients.

Generating economic benefits can also be a group of assets, manufactures the products used (in whole or in part) on the personal needs of the unit, despite the fact that the work of this group of assets does not cause direct impact of cash from units or individuals from the environment of the unit. Requirement for this group of assets for generating economic benefits is for the products manufactured by the group assets, there was an active market.

7.5. Using by identifying generating economic benefits is to recognize: (a) how to supervise the activities of the unit (according to the separate management reasons, responsibility centres and operation of the central unit, or by product, industry, location, region, etc.), (b) decisions to continue or discontinuance and further use or disposal of the assets.

7.6. Generating economic benefits may include: only the assets used for operating activities, only investments or assets used for operating activities and investments.

7.7. the economic benefits generating unit identified and mapped it assets, bearing in mind that the use of some of the investment component to some extent may depend on the use of some kind of asset for operating activities, or vice versa. If both an asset of an investment and asset associated with its use to operating activities includes one generating economic benefits. Is not mapped to the assets previously recognised assets with economic benefits, even if physically (e.g. storage) these assets are kinder to the generating economic benefits. For example, to generating economic benefits to the entity mapped property, deemed assets with economic benefits alone (cf. chapter. V) and measured according to the rules set out in chapter VI.

7.8. An enterprise may at the balance sheet date to identify several economic benefits-generating unit to which it will be necessary to carry out the revaluation procedure. Fixing those economic benefits-generating unit requires professional judgment and subjective evaluation, at the heart of which lie the unit plans relating to the use of its assets and the conditions laid down in chapter IV.

Joint assets


7.9. The unit shall determine, in turn, that its assets are assets that are common to at least two economic benefits-generating unit, as it is not possible to direct, unambiguous allocation of the asset to a specific generating economic benefits, because this component is used in a variety of ways, or in a different scale, few economic benefits wypracowującym centres. Special feature of joint assets is that in the course of their use, it is not possible to determine the economic benefits achieved by these assets without their functions at least two wypracowującymi centres, economic benefits and that for such assets economic benefits can be determined individually only when an entity decides to their disposal. (If you take such a decision, this kind of asset shall be considered as assets with economic benefits individually and valued in the manner discussed in chapters V and VI).

7.10. Assignment of assets common to the various economic benefits-generating unit, followed by the ułamkowo, on the basis of professional judgement, using reasonable and coherent (i.e. statistically) of Division resulting from the economic role of joint assets – and in the wake of the values resulting from the accounts on the balance sheet date is between centers with economic benefits, through which they are used. This can include such assets, such as the multifunctional: buildings, along with their equipment, squares, magazines, research centres which do not have the ability to be independent from other assets generating economic benefits, and their work supports at the same time, several objects evaluation of impairment. The assignment of the value of assets common to several economic benefits-generating unit shall be in accordance with pktem 8.1.

Goodwill and negative goodwill 7.11. If, as a result of the business combination unit producing assets, including the company name, then it is attributed, in accordance with point 8.1, on the basis of professional judgement, in relevant sections-to individual economic benefits-generating unit, from which it expects will bring economic benefits through a combination of units. The value of the company itself does not have the capacity to develop economic benefits; This ability is achieved only in conjunction with, and with whom. If the value is negative, the Enterprise attributes benefit (as in the case of allocating to assets liabilities, which depends on the height of the performance by the enterprise of economic benefits) to the economic benefits-generating unit, with whom she originally implied. Classification of both positive and negative value to economic benefits-generating unit occurs regardless of whether the centres have been assigned to other assets (common) and liabilities of the acquiree, or not.

7.12. An important criterion for allocating goodwill to economic benefits-generating unit is the level at which the Executive Board oversees the unit (monitor) this category. Allocation of goodwill between centers with economic benefits would be affected, if the Board keeps track of changes in factors that determine the value of the company at a higher level than the one such Center. This happens usually when the value of the company brings economic benefits to several centres, and its influence on the benefits of one of them cannot be specified without affecting the benefits wrought by another. In the case of such goodwill is determined for generating economic benefits to senior management. multiple (two or more) economic benefits-generating unit. If appropriate, this first goodwill impairment will reduce this value (point 8.3). Any economic benefits generating unit or an Assembly of such centres, to which is assigned the goodwill or negative goodwill should therefore correspond to the lowest level at which goodwill or negative goodwill is monitored for internal management needs; Center or their team should not be larger than the one segment of the business unit (professional or geographical).

7.13. If, during the reporting period the unit has divested, or part of the frontier for generating economic benefits, to which is assigned the value of the company, the goodwill on the part of the still running shall be determined in proportion to the resulting from the accounts, the share value of the parts of the still functioning in the value-generating economic benefits from changes. Part of the value of the company concerning the disposed or likwidowanej for generating economic benefits charges the result of divesting assets covered by a given object.

7.14. Analogous-as indicated in paragraph 7.11-7.13-progressed from negative goodwill.

Group objects evaluation of impairment of 7.15. Economic benefits-generating unit assets as a group (see point 2.8) is attributed to the undertaking or reserves associated with these assets, if the height of the economic benefits possible to obtain in the future depends on these liabilities or reserves. Economic benefits-generating unit assets as a group, the Enterprise attributes benefit deferred income recognised and treated in time, in accordance with article 4. paragraph 41. 2 of the accounting Act, if they are defined, assigned to a given economic benefits generating assets (fixed assets, intangible fixed assets under construction) obtained free of charge, including by way of donations.

7.16. assets with economic benefits as a group including its obligations to them, reserves and deferred revenue (if appropriate), identified as being at risk of losing value, shall be referred to as object impairment assessment group. It includes the revaluation procedure, since the Unit considers it likely that checking the value of the services provided by future net economic benefits can indeed influence the evaluation of the carrying amount of the assets included in the composition of these groups of objects evaluation of impairment.

7.17. Analysis and findings referred to the unit performs every day making the revaluation procedure caused by the loss of values.

Example 7.1. -To determine the economic benefits-generating unit in an undertaking operating a network of retail stores-ŚSD 1. The company operates a network of retail stores ŚSD; total has 25 shops.

2. the 5 of them are located in different districts of the city of M, and 20 other stores each in a different city.

3. Of the 25-five stores, 3 stores were purchased together with other 4 stores five years ago from another network; in the books included the related goodwill.

4. pricing, marketing, advertising, and human resources management in chain stores (with the exception of recruitment cashiers and dealers working in the shop A) determines the Central Executive Board of the company. All stores (including A store) are managed in the same way.

5. all purchases are centralized and follow through the Purchasing Department. With regard to 20 stores located in other cities than M shopping followed by a "just-in-time". These stores do not have storage facilities. With regard to the 5 shops in the good girl gone bad (M) shall be used, where appropriate, for the storage of foreign goods warehouses and then takes the goods to individual shops, taking advantage of the transport services of other enterprises.

6. the Management Board of the company decided to build a new, 26-this store in another (non-M). To this end, the Bank loan was raised.

7. Collected before deciding to build the new store the company own ŚSD have been placed on the contributions and partly in shares of the company with the investment company will use to pay expenses as far as the progress of the construction.

In determining what the centers with economic benefits in the present case, the extract, you need to have regard to, inter alia: (a)) what is organized records and internal reporting; is it possible to measure the results of each of the different stores?

(b)) in what follows the management shops; If the parameter in the management of income or is the result obtained by individual shops, or income or outcome at the level region of the country or city?

In this case, despite the fact that shops are managed centrally, each of them is because of the location and the different group of customers-generate cash receipts (sales), which are largely independent of those obtained by other stores. Over the various shops is roztoczony and utargi obtained are observed. Therefore, each of the stores can be considered economic benefits generating, what justifies the establishment of the assets of an undertaking operating in a cross-section of the places it is used, that is to say.

An example of a specification benefit-generating unit in ŚSD and assets in them used to represent as follows: part 1 the centres with economic benefits (OWKE) covering the assets used for operating activities, the value resulting from the accounts of Assets at the balance sheet date, the commitments It assessment of impairment-1 Group three-four shops on a common goodwill 1 OWKE-1: retail store 1 in rented premises-in X

 

 

 


l assets-racking X l fixed assets-weight X (l) fixed assets-fixed assets l X refrigerator-cash X l fixed assets-other equipment X (l) Inventories – assortment and X l Stocks-range B X l X l cash accruals in respect of rent paid for 5 years in advance for wynajmowaną surface items for store 1 X 2 OWKE-2 : Retail store 2 located in its own building-in s l fixed assets-racking X l fixed assets-weight X (l) fixed assets-fixed assets l X refrigerator-cash X l fixed assets building X l fixed assets-other equipment X l Stocks-range B X l Wrestling-an assortment of C X l cash X 3 OWKE-3: retail store 3-city of l fixed assets-Dummies X l fixed assets-racking X l fixed assets-hangers X l fixed assets- cash X l fixed assets-shop building X (l) fixed assets-other equipment X l Stocks-D X l Stocks-range E X l X 4 cash goodwill related to the acquired stores group together 5 years ago.

X an object of evaluation of impairment-2 Group 5 shops in M with the common storage building OWKE 1-4: retail store 4-in M l Assets according to their types of X 62 OWKE-5: retail store 5-in M l Assets according to their types of X 2 OWKE-6: retail store 6-in M l Assets according to their types of X 4 OWKE-7: retail store 7-in M l Assets according to their types of X 5 OWKE-8 : Retail store 8-in M l Assets according to their types of X 6 storage Building, in which the storage area used by the unit for the bulk supply of 5 shops in M X Object evaluation of impairment-3 Group the remaining shops 1 OWKE-9: retail store 9-in L l Assets according to their types of X.

 

 

OWKE 17-25: retail store 25 in K l Assets according to their type of impairment assessment of the Object X-4 Shop under construction 1 OWKE-27 under construction Shop l fixed assets under construction X l Wrestling-equipment purchased for installation in built store X part 2 Centers with economic benefits, including the investment Value arising from accounts at the balance sheet date, the assets of the undertaking It assessment of impairment-5 investment property podnajmowana other OWKE 1-27 investment property with the equipment l Building together with constant equipment X l Electronic System to monitor the terrain around the building X l System its own wastewater treatment plant X l lighting System of the site X 2 reserve for liquidation of its own wastewater treatment plant X Object evaluation of impairment-6 OWKE-27 Ground maintained investment purposes along with the fence 1 OWKE-27 Ground along with the fence l Land X l assets (wrought iron) fence land X part 3 Assets common to all economic benefits of Value-generating unit accounts on the balance sheet date, intangible assets- computer software X fixed assets-fixed assets X administrative building-building equipment X fixed assets-hardware X fixed assets-equipment office space X fixed assets-brand car with finance lease X example, 7.2. -To determine the economic benefits-generating unit in the wielozakładowym production company-WPP 1. Production company WPP has several production facilities, including: Z1 and Z2.

2. the final product is produced by Z2; 80% of production is sold outside the enterprise (external recipients), and 20% is used in the undertaking for its own purposes.

3. Bet Z2 consumes up to the production of semi-processed goods manufactured by Z1.

4. The products manufactured at the plant Z1 in 60% are submitted after the internal transfer prices to Z2, and 40% sold to external customers.

In determining what kind of development centres of the economic benefits it would be advisable to extract, you need to keep in mind, inter alia, the following: (l) Whether there is an active market for the products of the plant and plant products Z1 Z2?

(l) whether the company Z1 and Z2 can generate economic benefits to a considerable extent independently of each other?

If there is an active market for the products is Z2 Z1 and at least in theory – bet Z1 could sell their products outside of the enterprise and not uzależniałby of their production needs, notified by Z2. In turn, he could purchase the meal needed Z2 in an active market and their products sell outside of the enterprise. Both Z1 and Z2 could therefore work independently of each other and therefore they will be separate centers with economic benefits, although part of their products is used inside the company.

Another would be if the products of the plant did not exist, and an active market Z1 products Z2 occurred in an active market. In such circumstances, due to the fact that most of the products used, for Z1 operation of the Z1 is dependent on demand made by Z2. Due to the least economic benefits generating constitute both bets together.

Example 7.3. -To determine the economic benefits-generating unit in the company wielozakładowym producing one product – WPPJP 1. The company has three production plants WPPJP Z1, Z2 Z3, each of which is located in another region of Polish.

2. Z1 produces pre-manufactured (components) that are processed in the Z2 or Z3.

3. Z1 produces as many components as objects need Z2 and Z3 and passes them on to the internal transfer prices after.

4. the Z2 and Z3 produce independently of each other the same kind of finished goods that sell at home and abroad.

5. It may happen that products manufactured in Z2 will be sold also by Z3 (or vice versa) depending on which plant they may be customers faster.

6. The degree of use of the assets of the Z2 and Z3 depends on the size of the possible sale by these establishments.

In determining what in this case to extract economic benefits with resorts, you need to keep in mind, inter alia, the following: 1. Whether there is an active market for the products (components) of the plant Z1, Z2 and Z3 plant products?

2. betting Z1, Z2 and Z3 can generate economic benefits to a considerable extent independently of each other?

3. How is organized records and internal reporting? Is it possible to measure the results of each bet?

4. How is sales management establishments Z2 and Z3? If this parameter is the management of the result obtained at the level of individual establishments, or the score at the level of the individual location (geographical segments)?

If there is an active market for products of Z1, it means that the Z1 could independently from the other two plants dispose of their products (components). In order to be able to recognize the Z1 for the benefits of generating system of records and internal budgeting and reporting used in that undertaking should provide information about the sizes of production in the Z1, the related costs and the expected prices.

With regard to the Z2 and Z3 it is important that the results of these bets depend on different (depending on the specific circumstances) the ability of plants to respond quickly to the needs of the markets and not operated by allocated to them on the basis of production volumes. If the establishment and observation result, followed by the total for both plants, this means that it is not probable that the future economic benefits for the two plants can be set separately. Therefore, both Z2 and Z3 shall be construed together as one generating economic benefits. However, the situation would be different, if for each of these establishments (Z2, Z3) was separately records, reporting, and established bartery.


As far as the products not active market, there would be a Z1, the future economic benefits of the plant would be completely dependent on the Z1 orders by Z2 and Z3. This would mean that Z1 is not able to generate economic benefits. Taking also into account the explained above how managed Z2 and Z3, and the fact that the possibility of production in these plants (in the absence of an active market for components) depends entirely on the production of a Z1 would consider that all three establishments can operate independently. In the case of such economic benefits generating constitute Z1, Z2 and Z3.

Example 7.4. -To determine the economic benefits-generating unit in the enterprise publishing-CHURCH 1. Enterprise CI seems to 20 titles of magazines, of which 8 have been redeemed, and 12 were created from scratch.

2. The purchase price magazines included intangible value of the redeemed, and the costs associated with the creation of new titles been deducted on the financial result in the period of incurring these costs.

3. It is possible to determine the proceeds of sales and advertising for each title separately.

4. manage the titles (the policy drafting, the size of the input) is focused on market segments varied in terms of customers buying individual magazines.

5. prices for ads submitted photograph in the journal depends on m.in. whether in a given circle of customers are sold other titles of magazines, or not.

6. The management has adopted the principle that in the event of cessation of the issuance of the old title of the magazine, it is immediately replaced with a new title for the same circle of clients.

Given that the revenue from the sale of magazines and advertisements can be determined for each journal separately (although the amount of advertising revenue depends on the sales of the other magazines in the segment, the ability to advertise is independent of the other titles), and that the decision to discontinue the issue of journal individually falls in relation to the title and does not entail the cessation of issuing other titles can be considered that generate economic benefits to the individual titles in a way largely independent of each other. Therefore, each title of the magazine is a separate Centre for developing the economic benefits.

VIII. To DETERMINE the RESALE VALUE of the ASSETS-GENERATING UNITS ECONOMIC BENEFITS MASSIVELY 8.1. To determine the value of the object class assessing impairment resulting from the accounts of 8.1.1. On the day of the assessment of the impairment of individual impairment assessment objects group, extracted as a result of conduct described in Chapter VII, is attributed to the resulting from the accounts of the day, the value of the whole or part of the assets included in this object, depending on the findings. This allows for each object class-assessment of impairment – compare the value of the object of requiring the determination (according to the principles set out in paragraph 8.2) the value of the future economic benefits of the net, which you can expect from this object and-where necessary-to determine the amount of the resale valuation of the assets constituting the object group concerned the assessment of impairment.

8.1.2. Resulting from the accounts the value object class assessing impairment, in accordance with paragraphs 7.15-includes:-the sum of the net value of all the assets that make up the economic benefits generating-increasing the value of the part of the net asset value of the common on the Center, increasing the value part of the net worth of the company binding two or more centres on Center (or requiring consideration of the part of the negative goodwill) – reducing so fixed the value of the undertaking and, where the reserve potential divestment of this or of its assets by acquiring entity requires specific commitments or reserve.

8.1.3. The net value of the assets to the assigned directly to include their initial value, less depreciation and impairment losses, if any, caused a permanent loss of value. When determining the net value of individual assets are not taken into account the sources of their funding. the grants received. If the composition of the medium enters the asset to be used under the terms of a lease that meets at least one of the conditions referred to in article 1. 3 paragraphs 1 and 2. 4 of the Act, the value of this component does not affect unpaid on the day the undertaking to the lessor.

8.1.4. Part of the value of assets common to several economic benefits-generating unit assigned to the concerned (in accordance with Chapter VII) that increases its value, shall be determined on the basis of professional judgement. This requires that you apply to the clearance of the accounts of the value of assets at the balance sheet date, common to several key centres, taking into account the economic role of the assets jointly used. For example, the key that may be – if appropriate – a surface, volume of assets common to several resorts or the use of time by different centers. It is impossible to determine a single key, because it has to reflect the function of which have assets common to several economic benefits-generating unit as a group.

The selected billing key shall apply to the settlement of accounts on the balance sheet date, net asset value common to several centres, including the starting value, depreciation and any impairment due to loss of value.

If this is not possible a reasonable selection of the key to the settlement of the assets concerned values common to several centres, this unit again (in accordance with Chapter VII) identifies, but at a higher level of aggregation. This means that the more determined group of assets including the assets forming part of the Centre (s), which at the same time assigns to them in a reasonable manner part of the value of assets common to several centres.

8.1.5. On the Centre part of the goodwill or negative goodwill goodwill involving two or more centres (and corresponding to the concerned in the manner discussed in Chapter VII) shall be also based on professional judgment. Resulting from the accounts on the balance sheet date: – the net value of the company – includes initial value, depreciation and any impairment due to loss of value – negative goodwill – includes initial value less the amount settled before the balance sheet date.

Recognition of how to establish goodwill per individual centers with economic benefits for a reasonable requires consideration of all the factors and the use of the results of the analyses carried out by the acquisition of net assets, with which the value of the companies involved. Only then you can, in fact, determine the key that allows for reasonable allocation of goodwill to the various resorts. This key can be-for example-the fair value of acquired net assets. This could also be the key natural-like. the number of employees using the assets forming the centers-in particular, if these centers generate economic benefits, above all thanks to the work of employed people in them. It is impossible to determine a single key, because it has to reflect the expected results of the work and functions of the centres, where the value of the company.

Also per economic benefits generating part of the negative goodwill, involving two or more centres, shall be determined in this way, but it does not diminish it, resulting from the accounts on the balance sheet date, the value to which it relates.

8.1.6. Established in this way the value of the obligation or reduced the reserve assigned to the resort in a way discussed in Chapter VII.

8.1.7. In case when the resort includes assets (fixed assets, intangible assets, fixed assets under construction) accepted free of charge, as well as financed by grants, the fixed unit, in accordance with article 4. paragraph 41. 2 of the accounting Act, the proceeds of future periods and recognises them in the accounts. They are charged in parallel to the depreciation of the assets free of charge adopted. If appropriate, the revenues of future periods referred to, reduces the settlement established by the amount of the resale value of the loss resulting from the asset financed by the revenue (8.3.10). Such revenues are deducted from the object values not deferred the assessment of loss of value resulting from the accounts on the balance sheet date. However, if this revenue resulted for example. with the grant, which requires repayment, the amount of those revenues should out the value of the object class assessing impairment, to which it refers.

Example 8.1. -Assignment of obligations (or reserves) – arising from accounts at the balance sheet date-generating economic benefits 1. JG unit engaged in the extraction of minerals by surface established at the end of the 200A, that economic benefits generating unit comprises two apartments close to each other outcrops, under common leadership.

2. The sum of the net value of individual assets that make up the economic benefits generating unit amounts at the balance sheet date, 5000.0-and includes the net value heavy equipment mining, pompowniczych devices, conveyor belts, and the right to exploit the deposits.

3. In accordance with the provisions for the protection of the environment, after the end of the exploitation of the deposit (which will be done in 10 years), the body must rekultywować past the area. The cost of reclamation will include inputs related to the playing of the original landscape in the past, which requires leveling the site and its disposal.


4. At the time of the acquisition of the rights to exploit the deposits (i.e. three years ago) the value of the acquisition of those rights increased projected expenditure on rehabilitation (as they are covered by the amount of 5000), creating at the same time, for this purpose a special reserve. This reserve is at the balance sheet date, 1500,-.

5. If the disposal occurred over the next few years past (what JG does not preclude) the buyer will assume the obligation to land remediation and past. Therefore, the eventual sales price of such past take into account not only the value of the assets of the mine, but the related obligations included in the reserve for the remediation of the site.

6. bearing in mind the related centre of load in the form of reserves – the value of both past (and therefore the entire generating economic benefits) is determined on the balance sheet date prior to the revaluation procedure this is 3500.0-(5000 – 1500).

Example 8.2. -Assigning a value to-arising from accounts at the balance sheet date-generating economic benefits 1. JG unit engaged in the provision of printing services at the end of the two year 200A printers. Both printers operate independently from each other, one in label printing, the second – in print. Each of them has his own graphic design studio and sales department. They provide economic benefits with centers working on their own, but within the framework of the tasks designated by the Board of Directors of the unit.

2. In the current reporting period (200A) JG took over other printing company, specializing in the printing of books, including the two printing houses and administrative building with their equipment. As a result of the acquisition of established goodwill.

One of these printers (after some technical changes) the Board decided to use for the production of labels that sell well, but the production requires a wider base.

The second printing will be used in accordance with its original purpose, to print books. Administrative building unit is going to renovate for rent as an asset.

3. The value of the company, was formed as a result of this acquisition, will be supervised on the horizontal print printing books, since this area of operation of the central unit will result in intangible qualities acquired goodwill.

The value of the company will not matter when printing labels, and managing the building for rent, as well as the importance of the acquisition of this company had for the unit primarily: the location of the printer with the print books, its technical condition, qualified personnel and support included already (and potential).

In the described condition on A whole year 31.12.200 goodwill will increase – resulting from the accounts on this day is the value of the printer that prints books.

4. If the latter seized the printer was not intended to print the labels, and you still have to deal with print books, is a reasonable one could consider the allocation of goodwill in two parts, on a pro rata basis, for example, to the value acquired as a result of the acquisition of the assets of either the printer or the annual production capacity of the two printers.

So you can do, if the period of the economic life of each printer would be similar. Otherwise, it would be advisable to consider the assignment of goodwill both printers in proportion to the value of the assets of each of them, weighted expected economic period life (similarly as present this example for assigning the value of the assets of the joint a couple of wypracowującym centres economic benefits) or to all the further period of economic use of the production potential of both.

Example 8.3. -Assignment of the value of the assets of joint-arising from accounts at the balance sheet date-to a few economic benefits-generating unit 1. On A unit in 31.12.200 JG extracted three centers with economic benefits-OWKE 1-3.

2. the resulting from the accounts of the day value of these centres shall be: OWKE 1-1000,-, 2-OWKE 1500.0-OWKE and 3-2000.0-and does not include the value of the company.

3. The assets jointly used by these resorts are the assets of the headquarters unit of the value of the 2000.0-including the building of the headquarters unit (1500) and the Central Office of the research project (500).

4. It was considered that a reasonable basis for assigning resulting from the accounts the value of building the headquarters for economic benefits-generating unit can be (as a result of the accounts on this day) value of these centres.

5. Unfortunately, you cannot specify a reasonable analogue principles for allocating the value of the assets constituting the Central Office of the design research.

6. It is estimated that OWKE 1 will still be in JG functioned for 10 years, while for OWKE 1 and 2 provides for even 20-year-old economic period. For building the headquarters unit is assumed to be a 10-year useful life and use straight-line depreciation during that time.

Due to the different period of economic use of economic benefits-generating unit and asset common to these resorts, it is advisable to assign the value of the assets of the joint to the value of the individual centers in proportion to the value of the centres (resulting from the accounts on this day) weighted time to use them.

This value shall be determined as follows: 31.12.200 and r.

OWKE 1 OWKE 1 OWKE 1 Time Value resulting from the accounts of 1 0000 1 500 2 0000 4 500 expected period of economic use of 10 years 20 years 20 years X Weight resulting from the economic use of period 1 2 2 X 1 0000 3 0000 4 0000 8 0000 weighted percentage of weighted values of individual centres of 1 000 to 8 000 = 12.5% of the 3 000 to 8 000 = 37.5% 4 000 to 8 000 = 50% = 100% of the value of the unit's headquarters building centres Assignment 12.5% x =% x 37.5 187 1 500 1 500 = 563 50% x 1 500 = 750 1 500 the total value of the accounts 1 187 2 063 2 750 6 0000 Because you cannot specify a reasonable allocation policy centers of the value of the assets of the Central Office of the research and its assets will be included in the value of the unit as a whole, which is the center of the developing economic benefits at the highest level and this level of the Central Office of the research project will be analyzed for possible impairment of assets.

8.2. determination of the future economic benefits from the object group net loss of value assessment.

8.2.1. In order to verify that there has been a loss of the value of the assets covered by the group a loss assessment, determine the value of the required future economic benefits net of this object, which determines its commercial value and value in use. The unit shall take into account the higher of the two values, in determining whether there is a need to estimate the loss caused by asset resale values and in what amount. The chosen value determines the recoverable amount of the object class assessing impairment.

8.2.2. determination of the recoverable amount of a particular object class assessing impairment requires therefore-in principle-determine both its commercial value, as well.

However, if management believes the units on the day of the assessment of at least one of these values is higher than that resulting from the accounts of the value of the object class assessing impairment, it is not necessary to determine both values. You just need to determine the values for which it is expected that it will be higher than the value resulting from the accounts.

If it is estimated that the value in the object class assessing impairment will not materially differ from possible to establish commercial value, it can be assumed the recoverable amount of the commercial value of the object. This may in particular be the case if prior run-up to dispose of the resort. If the commercial value of the object class assessing impairment is not possible, a unit shall be determined as the recoverable value in use. This can for example. apply to the case where there is no reliable basis for an estimate of the amount that you would get from the sale of the facility on market conditions or when it is not the intention of the unit to its disposal.

The relationship between the value and the value in use of the objects of evaluation of the loss of value of the economic benefits-generating unit in groups at an early stage of the analysis are not always easy to identify. Often difficult will be to decide which of these values is likely to be higher and eventually set will be recoverable. In the event that it is necessary to apply a more thorough procedures for determining both the commercial value (para. 8.2.3-8.2.7) and the value in use (section 8.2.8-8.2.29). You should expect the differences between these values, if only because of the market power (external) and an internal evaluation and the valuation effect of the total use of individual assets included in this object class assessing impairment.

8.2.3 commercial value. To determine the commercial value requires analysis of all reasons to objectively determine the ability of the object assessment of impairment to bring economic benefits to the entity in the event that it became the subject of the disposal.

8.2.4. the commercial value of the object of the evaluation of loss of values determine alternatively: * net selling price (within the meaning of article 28 (5) of the Act on accounting),


* the fair value (within the meaning of article 28 paragraph 6 of the accounting Act) minus expected to incur in connection with the sale of cash expenses and other outlays totalling the expected costs of disposal.

8.2.5. In determining the commercial value of the object assessment of impairment of the unit shall be guided by information from actual sales contracts concluded in the past on market conditions, the transaction between knowledgeable, willing parties, if such an agreement reflects the potentially possible transaction, which could be the object on similar market conditions.

Such an agreement may, however, form the basis of the commercial value of the object only if the agreement: (a) concerns the identical or similar assets, (b) was concluded at no distant period in relation to the determination of this value, (c) does not correspond to an awkward situation.

In the absence of such information as the basis for the determination of commercial value may be: (a) the date the purchase price of the object similar to the, which is the price is usually the most appropriate market price, or, in the absence thereof – (b) the price of the last made a similar deal, but provided that, in the period from the date of the transaction until the date the assessment of the loss not notable changes in economic conditions , potentially affecting the change in the price of assets similar to the object, or the lack of such opportunities-(c) the value resulting from the reliable information about transactions concerning assets similar to the object concerned, carried out under market conditions, between knowledgeable, willing parties.

8.2.6. The fair value of the object of the evaluation of impairment are deducted from: a) the possible liabilities and the reserves assigned to the assessment of the impairment, if considered (as a basis of reference) the agreement does not contain information about the same or similar commitments and reserves associated with the zbytym object, b) the costs of disposal of the object, even if the agreement constituting the basis for the determination of fair value does not contain information on such costs and they could be associated directly with the object, if it was the subject of the disposal; These could be e.g.: costs necessary for disposal: legal services, notary, stamp taxes, the tax burden associated with the transaction, remove the component from the place of the current use, bring the State to its sale.

8.2.7. No account shall be taken of the commercial value of the object concerned in the assessment of the impairment of the costs of: (a)) related to the termination of a contract of employment would qualify for a solution in the event of disposal of the object concerned, b) necessary – after the disposal is the reorganization of the business and other costs or benefits potentially lost because of operating restrictions as a result of the disposal.

Value in 8.2.8. To determine the value in use requires the analysis of all reasons to objectively determine the ability of the object assessment of impairment to bring economic benefits to the entity in case if he still used (maintained) in the unit in accordance with planned tasks for him.

8.2.9. Use the object shall be determined taking into account: (a)) estimated net cash flows, (projected), the unit can expect thanks to its use (see point 8.2.15) and disposal after use (see section 8.22), b) expectations as to changes in the amounts and at the time of these flows, c) of the time value of money, by the application of the current risk-free market interest rate (discount rate) , d) impact on data uncertainty resulting from the characteristics of the object e) other circumstances, which it considers an important the valuation of future cash flows, which get it can expect from the assessment of the impairment.

In the absence of the possibility of determining a discount rate based on the current market interest rate, the individual may as the basis for determining a discount rate to accept:-średnioważony cost of capital of the unit established the technique of CAPM2,-loan's incremental borrowing rate, other rate market loans/credits.

The discount rate (point c) should in any case reflect listed in b and d)) pkcie risk relating to the object of the assessment of the impairment, if an entity does not take into account the possible effects of this risk by correction of projected net cash flows.

To take into account the factors referred to in (b) and (d)) pkcie) follows up by correction of projected net cash flows or the calculation of the discount rate, which you can take into account the factors referred to in point (c)) and (e)).

8.2.10 it. A key element in determining the value in use is the reliable forecast net cash flows of the object concerned; It is inherently fraught with significant subiektywizmem predictions for future accomplishments. By predicting the particular role played by information from outside sources, relevant to the assessment of future business unit. For predictions is appropriate involvement of the most qualified people in this field.

8.2.11. Subject to recognition of net cash flow forecast as credible is: (a) the application, coming from the outside of the unit, data about the overall economic conditions concerning him or her, and that will continue to use the object concerned during the assessment of the impairment, (b) to build on the current, acceptable management plan activities, (c) to take into account any of the estimated revenue and expenditure of funds, which as expected, the unit can be expected from restructuring to which the unit committed or already incurred expenses related to the improvement/enhancement of the results obtained through use of the object.

The reliability of the forecast net cash flows estimates compare favors carried out in previous years for the object concerned with actually obtained flows. This allows you to identify meaningful key gaps and improve subsequent estimates, however, taking into account the conditions that may occur in the future.

8.2.12 planning. The estimate shall be made for a maximum five-year periods, unless they adopt a longer period will increase the reliability of the estimates. Where the forecast covers a period of more than five years-to the value of the net cash flows beyond the period of the first five years is based on projections extrapolating applies for plan, but using a constant or declining growth rate for subsequent years.

It can also be applied to increasing growth rate, not greater than historical data-based long-term average growth rate of prices of products for sectors of activity and for countries in which the body carries on business. The adoption of a higher rate than the growth rate requires a rational justification.

8.2.13. If an entity does not prepare business plans for periods longer than five years, estimates of the net cash flows is based on the most current reliable five-year plan.

Plans for forming the basis of cash flow forecasts of the object concerned the assessment of impairment may be considered reliable if they are based on prudent and documented outcomes and activities resulting from the comprehensive analysis of future conditions for the unit.

8.2.14. Estimates (projected) net cash flows associated with the object of assessing impairment include: (a) an estimate of the cash inflows from continuing use (or continuation) of the object, (b) an estimate of the cash expenditure (including expenses related to the preparation of the object to use, with his support), which can be directly (in its entirety) or indirectly (reasonably fixed part) assigned to the object, and which must be incurred so you can get cash inflows from continuing use (or continuation) of the object, (c) the amount of net cash, which will be obtained from the sale of the object after the end of its useful life (or keeping).

To the estimated net cash flows do not include income tax expenditure and the revenue and expenditure of the financial activities (within the meaning of the CRS 1-cash flow statement).

If the resulting from the accounts of the value of the object assessment of impairment are not yet all the inputs that are necessary to make it suitable for further use or sale (this may be the case for example in the case of a building under construction or development work in progress), the estimates of future economic benefits brought about by the object evaluation of impairment, the future costs of this kind are treated as projected cash expenses Regardless, whether it be with them was the cash flow or not. The individual may in fact use non-monetary assets are already held in order to complete the assessment of the impairment. Consumption of these assets does not produce cash spending, and will result in an increase in the value of the object.


8.2.15. The estimated net cash flows include only those values that relate to the future work of the object concerned the assessment of impairment in its current physical condition and its current capabilities. Estimates should not be based on assumptions as to the further activities of the units that were not sanctioned by the adopted for the implementation of the plans. For this reason, the projected net cash flow included projected cash flow potentially related to the object of the evaluation of loss of value, but the resulting from nieskonkretyzowanych yet planned events that may change the physical state of the object, its economic functions or the terms of use, and thus affect his later commercial potential.

For example, the estimate should not include future revenue and expenditure that is expected in connection with: (a) future restructuring, if an entity has not taken even the arrangements that oblige it to the relevant restructuring measures, (b) improve or improve products (results) of the object, if such actions are merely the intent.

8.2.16. If an entity has adopted arrangements for the restructuring, which means that it will be carried out in accordance with the special restructuring program that can change the value of the use of the object concerned the assessment of impairment, net cash flow estimates for this object of expenditure savings and other benefits shall be taken into account that the restructuring is going to bring for the object. To avoid double counting of the same elements, estimates of future net cash flows, not the expected restructuring of expenditure which have been included in the relevant restructuring reserves or liabilities associated with it.

8.2.17. where it is planned to improve/refine the results obtained with the object concerned the assessment of impairment, and not accompanied by the creation of a special reserve the special-purpose, receipts and expenditure relating to the operation shall be taken into account in the estimate of net cash flows of the object. To the estimated net flows associated with the object of no account, however, the economic benefits are expected as a result of such actions until the pending improvements.

8.2.18. net cash flow estimate related to the object of the evaluation of impairment count against the expenditure to be incurred, in its current state, it can perform economic functions attributed to it and bring the estimated proceeds. If it requires replacement of parts or components for a shorter period of use, and they are essential to its use, it is assumed that the Exchange even entire assets (for example, some of the machines in the production string), rather than just their component parts, is part of the current support for the object, regardless of whether such exchanges are classified as repairs or improvements. No account is taken of the depreciation expenses.

8.2.19. in the case of the object for which the value loss assessment used are internal transfer prices (billing) unit – in order to determine future economic benefits the net for this object and other objects related to the assessment of the impairment-takes into account the market price determined in accordance with the best of our knowledge, and not the internal transfer prices.

8.2.20. Respect the net cash flows associated with the object of assessing impairment may also influence attributed in whole or in part, the value of the company. In the case of this projected cash flow for the object concerned should take into account the impact on the amount of benefits relating to it, i.e.. of the features associated with this evaluation of impairment and unidentified as separate assets.

8.2.21 since. Estimates of net cash value loss assessment objects shall not be taken into account at the time of the transfer of the proceeds in respect of debts or expenditure in respect of the liabilities associated with the operation of the given object. This simplifies the respect and it is justified by the fact that in the long term the value of the proceeds from the repayment of import duties and value adjustment of expenditure commitments will be in the close. Exception to this rule of investment evaluation objects may be affected by the loss of values associated with their operation, if the regulation of obligations associated with a way of generating economic benefits through the net.

8.2.22 occasionally, for the amount of net cash, which will be obtained from the sale of the object assessment of impairment after the end of its useful life (keep), shall be the amount which is expected to receive an object from the sale the following as part of the transaction the market between knowledgeable, willing parties, less the expenditure estimates decreasing this transaction.

In determining this amount, the unit takes dominant per day estimate the price of similar objects whose lifetime (or keeping) has already been completed, and that were operated (or maintained) in conditions similar to those in which they will be used (or held) the object evaluation of impairment. These prices shall be fixed unit alternative: (a) taking into account the expected changes in the market price of the object assessment impairment has not caused inflation or (b) taking into account both the changes in market prices and inflationary price increases. In the case of (a) the discount rate chosen should take into account the effect of inflation, and in the case of (b) the discount rate should be so chosen as to this effect into account.

8.2.23. Estimates of cash flow in future periods of operation (or maintenance) of the assessment of the impairment can be expected to take into account the likelihood of receiving or expending the estimated amounts.

8.2.24. Estimated in the manner described in section 8.2.23-8.2.14, future net cash flows are expressed in their current (discounted) value. For this purpose, established for subsequent years net cash flow shall be converted using the discount rate before taxes, reflecting: (a) the current market assessment of the time value of money and (b) the risk of the subject not included in the estimate of net cash flows.

8.2.25. An estimate of the net future cash flows and the discount rate should be based on consistent assumptions about price increases due to general inflation. If the inflationary effects of the increase in the price is included in the estimate of net cash flows, and the forecast is nominal, the discount rate shall be expressed in nominal height, policzonej, taking into account established at the balance sheet date, the real discount rate and the expected rate of inflation.

If, however, the forecast is real value, it shall be a real discount rate determined on the day.

8.2.26. Real discount rate corresponds to, which oczekiwaliby investors when deciding on investments that generate cash in the amount and timing of cash flows to estimated net for the object. The discount rate is the default rate of return and its selection may be based on: (a) the weighted average cost of capital, which utilizes a single asset or group of assets with the potential of use similar to that of the object concerned has the assessment of impairment, or (b) a discount rate (rate of return) of current market transactions, the object is an object that is similar to the object concerned the assessment of impairment.

8.2.27. Usually it is advisable the use of a single discount rate to net cash flows projected for different periods of the object concerned activities assessment of impairment. However, if those periods is expected to impact risk (included in the rate) with varying strength, to the current (discounted) value of the estimated net cash flows for different periods of discount rates. It may also take place when over the projection period provides for the different severity (rate) inflation.

8.2.28. If the cash or part thereof in a foreign currency, it shall be estimated in this currency, and then discounted using a discount rate appropriate for the currency. Down in this way in a foreign currency current value estimate shall be converted into national currency using the prevailing at the balance sheet date average rate fixed for a given currency by the Polish National Bank.

8.2.29. As a basis for the next stage of the revaluation procedure due to impairment of selected commercial value or value in use of the object assessment of impairment of whichever is the higher. The selected value is the value of the recoverable amount of the object assessment of impairment, which minimizes the assigned to this object (and included in its value) and reserve.

Example 8.4. -Estimating the net cash flow from the assessment of the impairment, taking into account the probability of their implementation 1. In the enterprise, on A r 31.12.200. estimated for a further period of 5 years net cash flow associated with the generating economic benefits. Guided by the precautionary principle in the estimates, JG determined a minimal amount of expected cash inflows and all expected cash expenditure.

2. the appropriate constant is JG throughout the period of the discount rate at 18%.

3. Estimates of net cash flows represent the j ak follows: 200B per hour Year 200 c 200 d 200E 200F


The nominal value of expected net cash flows to which the body recognises that there is a high probability of their implementation in a given year + 100 000 + 120 000 + 144 000 + 172 800 + 207 360 discount Factor in the interest rate, for example. 0.8475 0.6086 0.4371 0.5158 0.7182 18% of the current value of estimated cash flows NET 84 750 86 184 87 638 89 130 90 637 4. The value of one of the expected (and significant estimates) proceeds of title X (not yet included in the above statement) could not be attributed uniquely to the specific year because JG provides that the amount of this effect may be made with varying degrees of probability in different periods, as it assesses the following: year 200B per hour 200 c 200 d 200E 200F the nominal value of the expected impact of title X 1000 1000 1000 probability of its realization in the following years, 10% 60% 30% to take into account in the estimates and impact requires discount of its value in the following periods and take into account the likelihood of implementation, as follows: 200B per hour 200 c 200 d 200E 200F the nominal value of the expected impact of title X 1000 1000 1000 discount Factor in the interest rate, for example. 18% 0.8475 0.7182 0.6086 the current value of the net cash flows estimated 848 718 608 Likely implementation in the following years, 10% to 60% of the 30% of the current value of the Expected impact of title X 85 430 182 5. In relation to the impact of another title (s), generating economic benefits, JG is able to determine the impact of this term (year 200 c), but at the balance sheet date can not determine exactly the estimated amount as close as it can range from 2000.0 to 11 000,-, each of the values of this range is just as likely. In this situation, it is considered justified by the expected value and impact averaging nominal at 200 c (r) of 6500.0-(IE. [2000 + 11 000] ÷ 2). The current value of this impact is 4668.0 (i.e., 6500 x 0,7182).

6. in addition to the expenses already included in previous estimates, JG expects significant expenditure associated with the functioning of the generating economic benefits, for which JG provides that it can occur in the year amounting to 200F from 1000.0-up to 10 000,-, but the most likely is the amount of 4000,-. It was considered that, given the difficulty of reliably determining the likelihood of the occurrence of any of the amounts from this range is appropriate averaging above three values and determine the expenditure in the year the amount is 5000.0 200F (IE. [1000 + 4000 + 10000] ÷ 3). The current value of this expenditure is-2186.0-(i.e. 5000 x 0,4371).

7. Statement of all expected cash flows associated with the operation of the generating economic benefits for 31.12.200 and onwards is as follows: current value: Year 200B per hour 200 c 200 d 200E 200F Estimated Net cash flow with different titles (other than X, Y, Z) 84 750 86 184 87 638 89 130 90 637 Effect of title X 85 430 182 Impact of Y 4 668 Outlook with the title (2186) Total current value according to the years 84 835 91 282 87 820 89 130 88 451 Time value in 441 518 an example 8.5. -A comparison of the current value of estimated net cash flows for estimating flows in real or nominal, assuming a constant rate of inflation during the period of the forecast 1. In the enterprise, on A r 31.12.200. estimated net cash flow associated with the generating economic benefits for a period of five years, taking into account the 2% increase in the price of the market.

2. the estimated value of these flows are as follows: 200B per hour 200 c 200 d 200E 200F par 102 0000 104 040 106 121 108 243 110 408 real value of 100 0000 100 0000 100 0000 100 0000 100 0000 3. As a result of the earlier findings of the real discount rate before taxes was established on 31.012.200 and at the level of 20%. The nominal rate (2% inflation rate assumed it was as follows: r = (20% + 2% to + 20% x 2%) = 22,40%.

4. An estimate of the present value of expected net cash flows: Variant 1 year 200B per hour 200 c 200 d 200E 200F nominal value discount Factor 102 0000 104 040 106 121 108 243 110 408 at its nominal discount rate 22.40% = 1 + (1 + 0,224) n 0.8170 0.6675 0.5453 0.4455 0.3640 83 334 69 447 57 868 48 222 40 189 299 060 Together option 2 the value of the real discount rate Factor 100 0000 100 0000 100 0000 100 0000 100 0000 at its nominal discount rate of 20% = 1 ÷ (1 + 20 0.8333 0.5787 0.4019 0.4823 0.6944) n 83 330 69 440 57 870 48 230 40 190 Time value in 299 060 example, 8.6. -A comparison of the current value of estimated net cash flows for estimating flows in real or nominal, assuming the variable rate of inflation during the period of the forecast 1. In the enterprise, on A r 31.12.200. estimated net cash flow associated with the generating economic benefits for a period of five years taking into account the 2% increase in the price of the market.

2. the estimated value of these flows are as follows: 200B per hour 200 c 200 d 200E 200F real value of 150 0000 170 0000 100 0000 120 0000 180 0000 Estimated inflation rate 2% 3% 4% 2% 1% of the nominal value of 153 0000 178 602 109 262 133 737 202 612 3. As a result of the earlier findings of the real discount rate before taxes was established on 31.012.200 and at the level of 20%. Nominal rate discount for subsequent years is established as follows: 200B per hour. = (20% + 2% to + 20% x 2%) = 22.40% of the 200 c r = (20% + 3% + 20% x 3%) = 23.60% 200 d r = (20% + 4% + 20% x 4%) = 24.80% 200E r = (20% + 2% to + 20% x 2%) = 22.40% 200F r = (20% + 1% + 20% x 1%) = 21.20% 4. Dyskontujące factors at different nominal discount rates for subsequent years is established as follows: 200B per hour 1 ÷ (1 + 0.2240) 0.8170 200 c 1 ÷ [(1 + 0,2240) (1 + 0,2360)] 0.6610 200 d 1 ÷ [(1 + 0,2240) (1 + 0,2360) (1 + 0,2480)] 0.5296 200E 1 ÷ [(1 + 0,2240) (1 + 0,2360) (1 + 0,2480) (1 + 0,2240)] 0.4327 200F 1 ÷ [(1 + 0,2240) (1 + 0,2360) (1 + 0,2480) (1 + 0,2240) (1 + 0,2120)] 0.3570 5. The estimate of the present value of expected net cash flows: Variant 1 year 200B per hour 200 c 200 d 200E 200F nominal value discount Factor 153 0000 178 602 109 262 133 737 202 612 at different nominal discount rate 0.8170 0.6610 0.5296 0.4327 0.3570 Total value of option 2 431 131 125 001 118 055 57 876 57 867 72 332 real discount rate Factor 150 0000 170 0000 100 0000 120 0000 180 0000 at a real discount rate of 20% = 1 + (1 + 0.20) n 0.8333 0.6944 0.5787

0.4823 0.4019 124 995 118 048 57 870 57 876 72 342 Time value in 431 131 8.3. The establishment and settlement of resale valuation 8.3.1. In order to determine whether there has been a loss of the value of the object of the assessment of impairment, the recoverable amount of that object is compared with its value as a result of the accounts on the balance sheet date. The loss of value occurs when the recoverable amount is lower than the value resulting from the accounts, justifying the update this value. If at the balance sheet date resulting from the accounts object value is lower than the recoverable amount, it is not necessary to update it.

8.3.2. If the object of non-impairment assessment of impairment is not update the value of assets covered by the object and it's also when the commercial value of the specified object part of the asset is less than its value resulting from the accounts.

8.3.3. The difference between the higher resulting from the accounts, the value of the object assessment of impairment and lower its value recoverable amount determines the height of the performed at the balance sheet date, assets valuation resale conciliator new carrying this object to its recoverable amount.


8.3.4. Impairment value of assets covered by the block exemption an impairment assessment accounts for between individual assets forming part of this object, in proportion to their existing net worth resulting from accounts at the balance sheet date. When clearing resale skips any liabilities, reserves and deferred revenue assigned to the object.

8.3.5. If a given object is allocated goodwill: a) impairment decreases in the first place the value of the company; a copy of the charge up the other operating costs and makes an adjustment for future annual depreciation amount (i.e. depreciation rate) balance of goodwill; in consolidated financial statements goodwill impairment is recognised in a separate line, "a copy of the goodwill", b) impairment exceeds the amount of goodwill is the excess copy of accounts for between individual assets that make up the object evaluation of impairment in proportion to their current values (net) resulting from the accounts on the balance sheet date; copies of these are deducted from the existing value of individual assets.

8.3.6. Impairment (minus the copy to reduce the value of the company in accordance with the pktem 8.3.5) tentatively settled between individual assets covered by a group evaluation of the loss of value resulting from the correction of the accounts, it requires no matter how you determine the recoverable amount, as adjusted value of the asset covered by the group object evaluation of impairment cannot be less than its commercial value. This requires a determination of commercial value-if it were possible to determine-the individual included in the object. (Commercial value can also be null.) If the review reveals that all or part of the resale, per asset, causes the value of the accounts would be less than the commercial value, for all or part of the copy of the corrected value of the remaining covered by an asset (not less than their commercial value). If it turned out that impairment determined to settle on the assets covered by a group evaluation of the loss of values in the original value is higher than the allowance for possible settlement taking into account the above, the surplus not accounted for. As a result of this impairment in the value of the assets eventually block the object evaluation of impairment will be about this difference less than a copy of the originally established.

8.3.7. reciprocal recognition of resale in the accounts depends on whether: (a)) with the group a loss involves negative goodwill, b) with the asset covered by group evaluation object impairment relating to updates of its valuation or outstanding deferred income recognised in the accounts (article 41 (2) of the Act) and, in General, c) valued asset is used for operating activities or whether it represents an investment unit.

8.3.8. If the object of the evaluation of impairment involved negative goodwill, impairment charge drugostronnie for the object in the first place, negative goodwill must be offered in liabilities. If the resale amount is higher than the negative goodwill allocated to the assessment of the impairment, the unit further progresses as follows.

8.3.9. If an asset which the valuation is subject to updates, is shown in the accounts as at the balance sheet date at revalued amount, and the effects of the revaluation referred to the revaluation, the impairment charges in the first place (minimizes) the revaluation of equity for an asset valued at, and then, in part over this part of the capital from revaluation shall be debited to the profit or loss of the period according to the nature of the valued at of the asset (article 32 paragraph 4-5 , art. paragraph 35. 3-4 of the Act).

8.3.10. when the asset, which is subject to valuation update, does not involve revaluation capital at the balance sheet date but relating to deferred income, as referred to in article. paragraph 41. 2 of the accounting Act, this impairment charge (lower) value of these revenues. The amount of deferred income chargeable shall be determined taking into account the degree of funding the asset valued at these revenues. Any excess over the amount of the resale reduces the income of future periods shall be debited to the profit or loss of the period, according to the nature of the valued at of the asset.

8.3.11. Unless the wycenianym asset on the balance sheet date, there is neither a revaluation or deferred income, impairment shall be debited to the profit or loss of the period-appropriate to the nature of the valued at of the asset.

8.3.12. If an asset whose value is updated, shall be subject to depreciation, it terms of resale in the accounts shall be new, used in subsequent periods, the amortisation charge. The new rate of amortyzacyjną (taking into account the residual value of the asset, if any) shall be set taking as a starting point the new carrying amount of the asset, verified Pozostaly okres uzytkowania, and the method of its depreciation.

The point is that after revaluation depreciation followed in a way that will ensure the systematic inventories of newly established the carrying amount for the remaining expected useful life of the asset (article 31 (3) of the Act). In accordance with article 4. 32 paragraph 1. 3 of the Act on accounting, the validity of the applicable periods and rates of depreciation should be verified periodically by the body, causing the appropriate correction made in the following financial years depreciation, regardless of whether the entity performs a test for impairment of assets, or not.

8.3.13. Bearing in mind that the value of the company in accordance with art. paragraph 44. 10 of the accounting Act is subject to depreciation, impairment assessment objects with which it is linked to the value of the company shall be subjected to the revaluation procedure at the balance sheet date, on which States (in the course of the analysis carried out in accordance with the recommendations contained in chapter IV) reasons for the fact that it is likely that the value of the company has lost its ability to generate economic benefits.

In contrast, impairment assessment objects, which involves negative goodwill shall be subjected to the revaluation procedure in case of occurrence of conditions set out in chapter IV.

When the depreciation or impairment resulted in a reduction of goodwill to zero, from the next day, starting at an estimated loss of value of assets following the recommendations of the relevant Standard for the evaluation of impairment of the value of the company.

Similarly, progressed when previously made copies, update object value assessment of impairment, which implied a negative goodwill, have a value of at least the amount of negative goodwill.

Example 8.7. -Determine the value resulting from the accounts on the balance sheet date and the resale value of the assets for economic benefits-generating unit group 1. The enterprise JG on 31.12.200 and r. assessed that the below specified assets in the future, it will not bring the expected economic benefits.

The assets at risk to lose value – a condition for and the value of 31.12.200 resulting from the valuation at the balance sheet accounts 1.

Intangible assets – software diagnostic equipment 2 0000 2.

Fixed assets-building 50 0000 3.

Fixed assets-10 0000 4 diagnostic machine.

Fixed assets-Ergolinia evo4 car (covered by finance leases) 15 0000 5.

Fixed assets under construction is a new diagnostic position 1 0000 6.

Receivables from customers 2 0000 7.

Other receivables 1 0000 8.

Stocks of spare parts 5 0000 9.

Accrued short term (leasing diagnostic equipment) 400 10.

Short-term accruals (charges next to the diagnostic station grounds on which organized parking for 600 clients Together 87 0000 2. JG has established the following assessment of impairment, by making the corresponding assignable to OWKE-X the value of the company (7000), assets (2000): assessment of the impairment of the value of the accounts on the balance sheet valuation day Object evaluation of impairment of wypracowujący economic benefits group assets liabilities 1 OWKE-X-for point of service in the field of computer diagnostics of cars, intangible assets – software diagnostic equipment 2 000 fixed assets-building 50 000 fixed assets-fixed assets 10,000 diagnostic machine-pneumatic lift (covered by finance leases) 15 000

 

 

Accrued short term (leasing diagnostic equipment) 400 short-term accruals (charges next to the diagnostic station grounds on which organized parking for clients) 600 goodwill allocated to OWKE-X 7 000

 

 


Assets common to several centers attributed to OWKE-X 2 000 Total 87 000 impairment assessment Object wypracowujący economic benefits alone 2 receivables from customers other accounts receivable 2 0000 3 1 0000 4 5 0000 7 spare parts Stocks Built diagnostic position-fixed assets under construction is a new diagnostic position 1 000-income periods related to the substantive contribution received for the construction of a new diagnostic position 10 000 96 0000 10 0000 3 Together. Bearing in mind that part of the assets of the unit can measure individually, the JD verified that the carrying amount of these assets should be at the end of the year, 200A, in accordance with the Act on accounting and pursuant to the provisions adopted in the principles of the accounting policy. The analysis found:-receivables from customers should be set higher for 1000.0-as carried out negotiations with the customer and for which was made in the past, many diagnostic services indicate a high probability of recovery a sum in excess of the 1000.0-in relation to the value that you determined in the previous period as possible to obtain (and therefore the previous valuation of accounts receivable balance updated in minus); adjusted current impairment in those duties, plus about 1,000,-;

-a list of car spare parts in nature showed that some of their party (arising from accounts at the balance sheet date, the existing value of 2000) is no longer useful, because the body no longer diagnose car model to which these parts could be used; the value of these parts valued at net sales in the 1500,-; resale item value was made part of the-500,-;

 

Impairment assessment objects with the economic benefits resulting from the value of one of the accounts on the balance sheet valuation day impairment on the carrying and 31.12.200 31.12.200 and impairment assessment Objects declared with economic benefits alone 2 receivables from customers 2 000 + 1 0000 3 0000 3 other Receivables 1 000 x 2 0000 4 Stocks of spare parts 5 000-500 4 500 6 position Built a diagnostic-fixed assets under construction is a new diagnostic position 1 0000 1 0000-deferred Income associated with the grant received material for the construction of a new diagnostic position (1 to 6) 96 000-500 95 500 4. JG on 31.12.200 A r set as the value of the recoverable amount of generating economic benefits OWKE-X its value in use of 61 000,-. In view of the fact that the resulting from the accounts of the value of the assets that is 87 000, – impairment of assets value of this object is 26 000,-; It should be assigned to the assets of the Centre.

5. the structure of the assets covered by the value of the fixed JG an assessment of impairment impairment and accounted for as follows: OWKE-X-for point of service in the field of computer diagnostics of cars resulting from the Value of the accounts on the balance sheet valuation day value share (%) (3 × 100 ÷ 80 000)

Impairment (4 × 19 000) the carrying amount of OWKE-X (3-5) (1) (2) (3) (4) (5) (6) goodwill allocated to OWKE-X 7 0000 7 0000 00 intangible assets – software diagnostic equipment 2 000 475 1 525 2.50 fixed assets-fixed assets 11 875 38 125 62.50 50,000 building-diagnostic machine 2 375 7 625 12.50 10 000 fixed assets-Ergolinia evo4 car (covered by finance leases) 15 000 18.75 3 562 11 438 accruals short term (the fee for the lease of equipment OBD) 0.50 400 95 305 accruals short term (charges next to the diagnostic station grounds on which organized parking for clients) 600 0.75 143 457 Assets common to several centers attributed to OWKE-X 2 000 87 000 26 0000 61 0000 6 100.00 Together 475 1 525 2.50. An enterprise concludes that the determined by the settlement of the amount of the impairment on the individual assets that make up the object for which to determine commercial value, do not reduce their carrying value. To determine the carrying amount of assets determine the amounts shown in column 6.

Example 5.5. -the order of settling resale between individual assets with economic benefits as a group if the value of the company is NOT 1. On A r 31.12.200. an enterprise JG, singled out the three centers with economic benefits-OWKE 1-3.

2. Arising from accounts at the balance sheet date, the value of these centres shall be: OWKE 1-3000,-, 2-OWKE-4500.0-OWKE and 3-6000,-; It does not cover the value of the company.

3. The assets jointly used by Resorts are: storage building Unit (4500), and service (2500).

4. It was considered that a reasonable basis for assigning to these economic benefits-generating unit inventory building values resulting from the accounts could be the value of these resorts resulting from the accounts.

5. Failed to determine reasonable analogue principles resulting from the assignment of the accounts of the value of the assets that make up the service.

6. Taking into account the projected economic periods of use, the value of jointly utilised storage building is assigned to the economic benefits-generating unit; at the balance sheet date values with the assets concerned are as follows: the value arising from accounts at the balance sheet date: 31.12.200 and r.

Time service 2 500 2 500 OWKE 1 OWKE 2 OWKE 3 different assets inventory Building 3 0000 4 500 6 0000 13 500 561 1 689 2 250 4 500 Together 3 561 6 189 8 250 X 20 500 7. By making relevant estimates and calculations, JG has determined the value of the recoverable (at the level of value in use) for each of the centers separately and for economic benefits-generating unit including service center. Service generate additional economic benefits, therefore, the recoverable amount of economic benefits-generating unit including the service point is higher than the recoverable sum of the values in the individual centers. These values are as follows: the value recoverable on 31.12.200 and r.: OWKE 1 OWKE 2 OWKE 3-generating unit economic benefits including Service Center 5 970 4 920 8 130 20 100 8. To determine the value of the assets concerned resale occurs in several stages.

9. In the first phase the unit compares the individual arising from the accounts the value of economic benefits-generating unit (OWKE 1, OWKE 2, OWKE 3 without Service Center) with their recoverable and finds the legitimacy of resale in a total amount of 1 389,-. The following table presents the findings applied: 31.12.200 and r.

 

OWKE 1 OWKE 2 OWKE 3 Total recoverable Value 5 970 4 920 8 130 19 020 consequent accounts 3 561 6 189 8 250 18 0000 impairment value centers will not occur 1 269 120 x Total impairment value of 1 389 centres x 10. In the second stage of a unit shall be determined for each economic benefits-generating unit of the amount of impairment losses, you can refer to a variety of assets that make up the Centers for which impairment to the value of the warehouse building and the associated to individual centers. Appropriate settlement shows the following table: 31.12.200 and r.

 

OWKE 1 OWKE 2 OWKE 3 different assets inventory Building 3 0000 4 500 6 0000 561 1 689 2 250 Time value resulting from the accounts Part 3 561 6 189 8 250 values of different assets in value resulting from the accounting books x 4 500/6 189 = 72.71% 6 000/8 250 = 72.73% of the value of various assets in value resulting from the accounting books of the x 1 689/6 189 = 27.29% 2 250/8 250 = 27.27% impairment attributable to different assets x 72.71% x 1 269 = 923 72.73% x 120 = 87 impairment attributable to inventory building x 27.29% x 1 269 = 27.27 346% x 120 = 33 impairment relating to the value of 1 269 120 centers updated after second stage 3 561 4 920 8 130 Time value centers updated after second stage 16 111

 


11. In the third stage of the unit examines the value of recoverable economic benefits-generating unit including service center. This is due to the fact that it is not possible to determine a reasonable allocation policy of the value of the assets that make up the service and, therefore, its assets will be included in the value of the object assessment of impairment of designated by the value of the economic benefits-generating unit including this point. In determining the value of the assets impairment Service Center, service center to bring economic benefits to the enterprise can only be evaluated from this perspective.

12. to this end the unit compares the recoverable amount of economic benefits-generating unit including Service Center (20 100) with the value of these resorts resulting from the accounts, and fixed after the second stage (19 111.16 611 + 2 500). This calculation is as follows: recoverable centers including service center 20 100 Time value centers updated after second stage 16 611 service point Value resulting from the accounts 2 500 Total value of resorts including the updated service point after the second stage of the recoverable value over Surplus 19 111 updated + 989 13. Recoverable amount (20 100) is higher than the value of the economic benefits-generating unit including Service Center (established after the second stage)-19 111, which means that the service does not lose its value, and thus impairment assets Service Center will not occur. Finally, the carrying amounts of the assets that are measured are as follows: 31.12.200 and r.

The value of the assets resulting from the impairment of the accounts provisionally assigned to the carrying amount of the service 2 500 00 2 500 4 500 379 4 121 storage Building OWKE 1-Miscellaneous assets OWKE 3 0000 3 0000 2 – miscellaneous assets OWKE 4 500 923 3 577 3-Miscellaneous assets 6 0000 87 5 913 Together 20 500 1 389 19 111 14. In relation to the various assets in the OWKE 2 and OWKE 3 is carried out further settlement resale on individual assets covered by the various centres, regardless of to the newly established the carrying amount of the asset was not less than its commercial value. For a non-depreciable asset established new depreciation rates that will be used in subsequent periods of economic use of these assets.

Example 5.5. -the order of settling resale between individual assets with economic benefits as a group if the value of the company is 1. On A r 31.12.200. an enterprise JG, singled out the three centers with economic benefits-OWKE 1-3. From these centres is linked to the value of the company, which is 1000.0, and is to be considered for these centers together, because there you can find reasonable grounds for its allocation to individual economic benefits-generating unit.

2. Arising from accounts at the balance sheet date, the value of these centres shall be: OWKE 1-3000,-, 2-OWKE-4500.0-OWKE and 3-6000,-; It does not cover the value of the company.

3. The assets jointly used by Resorts are: storage building Unit (4500), and service (2500), which are offered only and exclusively the products count economic benefits-generating unit.

4. It was considered that a reasonable basis for assigning resulting from the accounts the value of the warehouse building to economic benefits-generating unit can be the value of these resorts resulting from the accounts.

5. Failed to determine reasonable analogue principles arising from the assignment of the accounts of the value of the assets that make up the service.

6. Taking into account the expected periods of economic functioning of the centres, the value of jointly utilised storage building for economic benefits-generating unit is assigned a value at the balance sheet date with the assets concerned are as follows: the value arising from accounts at the balance sheet date: 31.12.200 and r.

Time value of 1 0000 1 0000 2 500 2 500 service companies OWKE 1 OWKE 2 OWKE 3 different assets inventory Building 3 0000 4 500 6 0000 13 500 561 1 689 2 250 4 500 Together 3 561 6 189 8 250 x 21 500 7. By making relevant estimates and calculations, JG has determined the value of the recoverable (at the level of value in use) for each of the centers separately and for economic benefits-generating unit including service center. Service generate additional economic benefits, therefore, the recoverable amount of economic benefits-generating unit including the service point is higher than the recoverable sum of the values in the individual centers. These values are as follows: the value recoverable on 31.12.200 and r.: OWKE 1 OWKE 2 OWKE 3-generating unit economic benefits including Service Center 4 800 3 120 7 130 15 100 8. To determine the value of the assets concerned resale occurs in several stages.

9. In the first stage, JG shall calculate the amount of the impairment losses for the entire facility assessment of impairment, does this mean for economic benefits-generating unit including service center. To this end, the JG compares the recoverable amount of the entire facility (15 100) with resulting from the accounts of the value of all assets included in this object, together with the value of the company (21). Impairment determined for all assets including is 6400,-. According to the rules of this reduced JG discussed copy in the first place the value of the company (1000).

The value resulting from the accounts on the balance sheet date: 31.12.200 and r.

Total impairment given after the first stage of the goodwill 1 0000 1 0000 1 0000 2 500 2 500 5 400 service OWKE 1 OWKE 2 OWKE 3 different assets inventory Building 3 0000 4 500 6 0000 13 500 561 1 689 2 250 4 500 Together 3 561 6 189 8 250 x 21 500 6 400 10. In the second stage accounted for the remainder of the preconfigured JG resale (5400) between centers with economic benefits and service, as shown in the table: 31.12.200 and r.

The value resulting from the accounts on the balance sheet date: OWKE 1 OWKE 2 OWKE 3 service Together Various assets and inventory building 3 561 6 189 8 250 2 500 20 500 contribution of individual groups of assets totals 17.37% 30.19 40.24 12.20% 100%%% Initially settled the amount of the resale value of individual assets 938 1 868 2 173 659 5 400 11. Then JG shall be the maximum, it is possible to deduct the amount of the impairment, per individual centers and service, taking into account that the newly determined value of these assets may not be less than the recoverable amount or zero. JG shall be possible to take account of the amount of the impairment allowances the value of individual assets. These calculations are as follows: 31.12.200 and r.

 

OWKE 1 OWKE 2 OWKE 3 service Time recoverable amount 4 800 3 120 7 130 501 15 100 the value resulting from the accounts of 3 561 6 189 8 250 2 500 20 500 Tentatively settled amount resale 938 1 868 2 173 659 5 400 Maximum impairment value off Amount 02 3 0693 1 1204 2 450 6 639 centres to continue to settle the accounts of the total value of 4 2805 assets affected by the further settlement of copy x 6 189 x 2 500 8 689 individual asset groups Share in the value of assets affected by the further settlement of copy x 71.23% x 28.77% 100% of the final settlement of the balance for individual resale assets x 3 0496 x 1 2317 4 280 1 total recoverable-recoverable economic benefits-generating unit (15 100-15 050).

2 recoverable amount is higher than the value resulting from the accounts.

3 the recoverable amount is lower than the value resulting from the accounts (3120-6250).

4 the recoverable amount is lower than the value resulting from the accounts just about 1120 (i.e. 7130-8250).

5 Tentatively settled amount less the resale copy for recognition for OWKE 3 (IE. 5400-1120).

6 this amount will be settled on the assets OWKE 2 in full, because it does not exceed the maximum possible amount of resale (i.e. 3069).

7 the amount must still be verified in the course of the third stage; If the third stage will not change its height, 1231.0-minor assets Service Center because it does not exceed the maximum amount of resale (i.e. 2450).


12. In the third stage, the final accounts for the amount of the impairment OWKE 2 between individual assets that, in proportion to their value resulting from the accounts. The settlement shows the table: 31.12.200 and r.

 

OWKE 2 OWKE 3 different 4 500 6 0000 1 689 2 250 storage Building assets Together the value resulting from the accounts Part 6 189 8 250 values of different assets in value resulting from the accounts 72.71 72.73%% of inventory building value in value resulting from the accounts 27.29% 27.27% impairment attributable to miscellaneous assets (which likewise were applied to individual assets) 72.71% × 3 049 = 2 217 72.73% × 1120 = 815 impairment attributable to inventory building 27.29% × 3049 = 832 27.27% × 1120 = 305 13. As a result of the settlement of the unit shall be determined following the carrying amounts of assets: OWKE 1-Miscellaneous assets OWKE 2-Miscellaneous assets OWKE 3-Miscellaneous storage Building assets Together the value resulting from the accounts of 3 0000 4 500 6 0000 4 500 18 0000 impairment value of economic benefits-generating unit carrying amount Is 3 0000 2 283 5 185 3 363 13 831 1 00 2 217 815 1 1371 4 169 is the sum of the accumulated impairment losses on inventory building (i.e. 832 + 305).

14. In the fourth stage of the JG verifies impairment (1231) fixed in advance for the Service Center. To this end, compares the recoverable amount of economic benefits-generating unit including Service Center (15 100) with their value resulting from the accounts, and established after the third stage in the settlement of resale), plus the resulting accounts service value 16 331.0-(i.e. 13 831 + 2500).

15. Because the value of the recoverable amount (15 100) is lower than the value of the economic benefits-generating unit including service center, impairment on object level assessment of impairment will be 1231,-. (A copy of the JG settles on individual assets that point using the principles discussed at the same time, regardless of newly established the carrying amount of the asset was not less than its commercial value.)

16. Finally, as a result of these calculations the following carrying amounts of the assets of the JG: 31.12.200 and r.

The value of the assets resulting from the accounts of impairment, the carrying amount of goodwill 1 0000 1 0000 00 2 500 1 231 1 269 service storage Building OWKE 4 500 1 137 3 363 1-Miscellaneous assets OWKE 3 0000 00 3 0000 2 – miscellaneous assets OWKE 4 500 2 217 2 283 3-Miscellaneous assets 6 0000 815 5 185 Together 21 500 6 400 15 100 17. JG shall carry out further settlement resale on individual assets covered by the OWKE 2 and OWKE 3, heeding to the newly established the carrying amount of the asset was not less than its commercial value, which in this case took place. For depreciable assets, established a new rate of amortyzacyjną taking into account the projected further economic periods.

Example 8.10. -Accounting for resale on individual assets with economic benefits as a group, taking into account that the commercial value of certain individual assets is higher than the value established as a result of the resale accounts carrying 1. On in the enterprise and 31.12.200 JG extracted three centers with economic benefits-OWKE 1-3.

2. After fixing the value of the assets impairment of individual economic benefits-generating unit, the data for further settlement, a copy of the individual assets in these centres is as follows: 31.12.200 and r.

The value of the assets resulting from the accounts of impairment, the carrying amount of service 2 500 00 2 500 4 500 379 4 121 storage Building OWKE 1-Miscellaneous assets 3 0000 00 3 0000 OWKE 2-Miscellaneous 4 500 923 3 577 assets-asset-1 2 0000-asset-2 900-asset-3 800-600 non-materialistic Value-Long-term interim settlement 200 OWKE 3-Miscellaneous assets 6 0000 87 5 913 Together 20 500 1389 19 711 3. When impairment on OWKE 2 (923), it was found that the value of assets structure and in proportion to this structure was applied to the amount of impairment loss between the assets of the Centre. Appropriate settlement shows the table: value of Assets resulting from the structure of the accounts and the value resulting from the impairment of the accounts subject to further verification of the carrying amount subject to further verification of OWKE 2-Miscellaneous assets 4 500 100% 923 3 577-asset-1 2 0000 45% 415 1 585-asset-2 900 20% 185 715-asset-3 800 18% 166 634-Intangible Value 600 13% 120 480-Long-term interim settlement 200 4% 37 163 4. Bearing in mind that the carrying amount of each asset in the OWKE 2 may not be less than their commercial value, examining the relationship between fixed above the carrying amount of trade and the value of individual assets. The following findings are as follows: the carrying amount of the Assets-1 (subject to further verification) the commercial value that determines the minimum level of the carrying amount of each asset adjustment necessary to the carrying amount, the carrying amount of-2 (corrected subject to further verification) OWKE 2-Miscellaneous assets 3 577 x x 3 577-asset-1 1 585 1800 + 215 1 800-asset-2 715 650-114 601-asset-3 634 500-101 533-480 x 480 is not immaterial Value-Long-term interim settlement 163 does not have x amount of 163 215 – Adjusts the carrying amount of an asset-1 in plus by reducing fixed before resale on this measure. At the same time, this amount increases, respectively, the amount of impairment losses recognised the value of other assets, for which it is possible to allocate the value of the trade. For an asset-2, this amount will be determined as follows: 215 × ÷ 900 (900 + 800) = 114,-. For an asset-3:215 × 800 ÷ (900 + 800) = 101,-. As a result of this settlement, it turned out that the newly established the carrying amount of an asset-2 is less than its commercial value, the difference requires clearance on other assets, because the asset-2 should be shown in at least 650,-. This means (as it has done in relation to an asset-1) the need to increase the value of 49.0-(601 to 650). This increase results in the need for a reduction in the value of other assets by increasing the resale thereof, including the amount of 49,-. The settlement could affect an asset 3 and its impairment will be increased by 49,-. The relevant findings shows table: assets carrying amount-2 (corrected subject to further verification) the commercial value that determines the minimum level of the carrying amount of each asset adjustment necessary to the carrying amount, the carrying amount (adjusted subject to further verification) OWKE 2-Miscellaneous assets 3 577 x x 3 577-asset-1 1 800 1 800 1 800-asset-2 601 650 + 49 650-asset-3 533 500-49 484-480 x 480 is not immaterial Value-Long-term interim settlement is not, therefore, 163 x 163 that asset-3 as a result of this correction would be carrying less than its commercial value, and in this case it is necessary to further the carrying amount of the valuation. This means the need to increase the value of this measure for 16.0-(484 to 500) and settlement on other assets. Because these assets (intangible value and long-term interim settlement) do not have commercial value, settlement shall be carried out arbitrarily. It seems that in this case reasonable can be regarded as a copy of the settlement (16) in proportion to the carrying amount of those assets-1. So the value of intangible przypadałoby: 16 × ÷ 480 (480 + 163) = 12, and on the interim settlement: 16 × 163 ÷ (480 + 163) = 4,-.

5. a definitive settlement of the total amount of copy relating to OWKE-2 on each of the assets is as follows: 31.12.200 and r.

The value of the assets resulting from the accounts of the Original impairment write-down Settlement among the various Copy assets to include in the accounts of the carrying amount of goodwill 1 0000 1 0000 1 0000 00 x service x 2 500 400 400 2 100 storage Building x 4 500 379 379 4 121


OWKE 1-3 0000 00 00 3 0000 x 2 OWKE assets Miscellaneous – miscellaneous assets x 4 500 923 923 3 577-asset-1 2 0000 415-215 200 1 800-asset-2 900 185 + 114-49 250 750-asset-3 800 166 + 101 + 49-16 300 500-600 120 non-materialistic Value + 12 132 468-Long-term interim settlement 200 37 + 4 41 159 OWKE 3-Miscellaneous assets 6 0000 87 x 87 5 913 Together 21 500 2 789 x

2 789 18 771 Example 8.11. -Determine the value in use of the object, determination of the resale and on consecutive days in the case of the balance sheet, when there are no grounds for the need to redefine the revaluation procedure 1. 31.12.200 and r. JG Enterprise purchased three plants from another unit IJG for 5,000,-. The establishments are located in three different places and will be in JG centers with economic benefits. At these establishments (centers) will be assessed the results of their operation, and therefore the related goodwill. The value of the company needs to undergo tests for impairment whenever there are indications that may be indicative of the likelihood that she has lost the ability to generate economic benefits.

2. data concerning this purchase are as follows: 31.12.200 and r.

The purchase price allocated to individual establishments, the fair value of the identifiable assets at the date of acquisition goodwill associated with betting on the Z1-Z2 1 1 500 1 0000 500 2 1 0000 750 250-Z3-3 2 500 1 750 750 Total 5 0000 3 500 1 500 3. The recoverable amount of goodwill for each centre is due to the recoverable amount of each plant, which value is the higher of value in use and commercial value, to be determined in this case for each centre.

4. At the end of the 200A recoverable establishments was higher than their value resulting from the accounts.

5. At the end of 200B per hour. There were no rationale that would justify taking the procedure for setting the resale valuation of assets covered by generating economic benefits, but nevertheless verified recoverable values. They were still higher than the value of the assets of these undertakings resulting from the accounts. Has not been so any accumulated impairment losses.

6. At the beginning of the year 200 c (i.e. one year after the passage of the establishments under the leadership of the JG) market conditions changed significantly for products manufactured by the company Z1. In the foreseeable future the production establishment must be significantly reduced, because it decreases the possibility of sales generated by the company products in relation to the original predictions. It is estimated that these sales may be up to 30% less than the previous. For this reason, at the beginning of this year again it was estimated the expected net cash flow from the Z1.

7. Provides for a 12-year period to amortise the plant assets Z1 (straight-line) and does not assume that their residual value (liquidation) was not significant.

8. In determining the value in use Z1 for the nearest five-year period (years 200 c – 200 g) net cash flow forecasts based on your current financial plan approved by the leadership of JG. For the year 200 h predicted that the rate of increase in net cash flows will be 3% (but it will be lower than the long-term average rate of economic growth on the market covering based Z1). For the remaining five years of the establishment Z1 (years 200I-200Ł) assumes the decreasing rate of growth of the net cash flows, amounting to turn up:-2%-6%-15%-25%-67%.

9. It was 15% discount rate, which is the interest rate before tax and reflects the risk directly related with a 1.

10. the values established at the outset by a 200 c times the estimates are as follows: years of plant growth Rate Year cash flow estimates Z1 NET Future net cash flow discount Factor at a rate of 15% of the present value of cash flows 2 200 d pf * 127 96 3 0.7561 200E pf * 136 0.6575 89 4 200F pf * 145 0.5718 83 5 g pf * 152 0.4972 200 h 76 6 + 3% 68 7 0.4323 157 200I-2% 0.3759 154 58 8 200J-6% 145 0.3269 47

200 k 9-15% of the 123 0.2843 35 10 200 l-25% 0.2472 92 200Ł 23 11-67% 30 6 0.2149 value in Z1 according 681 financial plan taking into account the expected (compared to predictions from 200A), lowering the net cash flow as a result of the reduction of 30% of sales on the market operated by Z1.

Since the recoverable amount of the Z1 was established at the beginning of the 200 c, this value is compared to the value of the assets accounts resulting from the Z1 to the beginning of this year. As a result of the accounts asset value of Z1 to 31.12.200 C r identifies the initial value of assets and accumulated to that date their depreciation 83 (1 year x 1000 ÷ 12). Net asset value of Z1 to 31.12.200 C is so 1417,-.

In view of the fact that the value of the recoverable amount of the assets of the Z1 is less (681) of the values resulting from the accounts (1417), 736,-, it is necessary to revise the resale value of assets of the Z1. The first copy of the decrease related to the Z1 goodwill. It can be up to as much as is the value of the company. 500,-. Copy of the remaining amount (i.e., 236) will apply to other assets of the establishment Z1.

Relevant data shows table: asset Type Zaktualizo-Wan value to the beginning of the year carrying value at the end of the previous year-an annual amount gowana Skin application of Value-Struts. of the books of the rachunko-tion at the end of the year (3-4) the value of recoveries-the General Decrease-do not copy update-the increase in the allowance Value-wa bilanso as-update at the end of the year (5 + 7-8) of the skin-the annual amount gowana amortyza-ing for the next year (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) 200A goodwill-500-other the assets of 1 000 – 1 000 ÷ 12 = 83 together 1 500 for example. 1830 – 1 500 200B per hour goodwill 500-500-500-1,000 other assets – 83 917 917 917 ÷ 11 = 83 83 1 417 1,500 together eg. 1 610





1 417

 

200C –początek roku

 

 

 

 

 

 

 

 

 

 

wartość firmy

500

 

 

 



500**

0

 

 

inne aktywa

917

 

 

681*



236**

681***

681 ÷ 11 = 62****

 

razem

1 417

 

 

 

 

 

 

 

200C –koniec roku

 

 

 

 

 

 

 

 

 

 

wartość firmy

0



0

 

 

 

 

 

 

inne aktywa

681

62

619

 

 

 

 

619 ÷ 10 lat = 62

 

razem

681

62

619

 

 

 

 

 

200D –koniec roku

 

 

 

 

 

 

 

 

 

 

wartość firmy

0



0

 

 

 

 

 

 

inne aktywa

619

62

557

 

 

 

 

557 ÷ 9 = 62 time 619 62 559 200E-the end of the year, and the next in the way presented, until finding need to estimate the net economic benefits.

Established at the beginning of the 200 c.

** Copy made at the beginning of the 200 c.

The value is determined at the beginning of the 200 c.

Depreciation will extend to 11 years and will also be the year 200 c, because the resale value of assets of the Z1 were made at the beginning of this year, so the depreciation for this and subsequent years of change.

IX. changes to RESALE VALUATION of ASSETS 9.1. At each balance sheet date the Unit assesses both in respect of assets identified as with economic benefits, individually as well as to the economic benefits-generating unit assets as a group, whether it be beneficial to exist indications that made in prior periods impairment valuation of assets caused by the loss of values, with respect to a particular asset is redundant, or requires a reduction or an increase. To this end, the unit, using the information from external and internal sources, determine what beneficial changes compared to the State during the period when it was made the last resale-have taken place both in its environment as well as internal considerations (cf. Chapter IV standard).


9.2. In the case of the existence of grounds justifying changes (i.e., deletion, inversion, or increasing) resale valuation of assets, the unit verifies (sets) the recoverable amount of the investment and assets used for operating activities, which in the past, in accordance with chapters V to VIII standard, resale has been made.

It is important at the same time, an established by comparing the resulting from the accounts of the net value of the asset with its newly established the value of the recoverable amount, if higher recoverable amount is not due to the reversal of discount. Do not turns because the resale value of an asset just because of the passage of time, if not increases the potential utility of the asset.

5.8. In the case referred to in 9.2, pkcie unit verifies also the remainder of the economic utility of the depreciable asset and its estimated residual value. If in the opinion of the unit resulting from this new verification arrangements or revisions will significantly influence the future economic benefits obtainable through the exercise of control over the object of assessing impairment, consisting of assets subject to depreciation, it is necessary to determine whether these changes will result in an increase in the estimated net economic benefits associated with the job object. So far, it is estimated that the new arrangements will not change substantially the estimate of economic benefits, an enterprise shall be made only in accordance with the arrangements to the rate of change – – depreciation. Otherwise, the unit again determines the recoverable amount of the object assessment of impairment and according to the findings, reverses a copy.

9.4. Made in previous periods of write-downs of individual assets, single or group covered by an assessment of impairment can be reduced only when the newly established recoverable value of these objects indicates an increase in estimates of the economic benefits.

To this end, the unit: again determines the recoverable amount of the whole-group or single-object evaluation of impairment, compares it with the value of this object as a result of the accounts as at the balance sheet date, which shall be recoverable again, specifies the new (reasonable in new conditions) the resale value of this object, this accounted for a copy of the assets forming part of the object concerned the assessment of impairment According to the principles set out in point 5.2 if it is a group object and compares the current impairment in respect of each of the assets covered by the Group impairment assessment object with the value of the component on a copy of the reasoned at the balance sheet date.

9.5. The amount of the correction resale is the difference between a higher recoverable object evaluation of impairment and its lower value resulting from the accounts on the balance sheet date. This adjustment shall not exceed: – previously made (s) copy (s) of the update, the recoverable amount is determined on the balance sheet date.

9.6. If the current valuation of the asset impairment contained in the assessment of the impairment was higher than the per copy of reasonable at the balance sheet date, the entity shall reverse the current resale using the principles set out in section 6.0-6.2.

9.7. determination of the new carrying amount of the assets constituting the object group assessment of impairment due to reversal of write-down of the value of correction follows by reduction of existing impairment value of each asset of the resort with the exception of goodwill. Impairment goodwill cannot be reversed in any subsequent period.

Adjustment of impairment of the asset value may not cause to its carrying amount was higher than the value of the asset in which taking into account accumulated depreciation it would be shown in the accounts as at the balance sheet date, if in the past, in relation to an asset-impairment has occurred at all.

6.1. in the case of the asset unit economic benefits alone, and at the same time, in respect of which it is reasonable to reverse the resale of its valuation, fixed the value of the reversal of the impairment loss is recognised according to the investment company or operational character of this asset and to earlier recognition of its resale value.

If you valued the asset subject to amortization, the reversal of the resale may not result in the determination of its carrying amount at a higher level than the value that the asset would have had at the balance sheet date, if not previously there was no impairment of its valuation.

6.2. If the set again at the balance sheet date, the recoverable amount of assets valued proves to be less than the value resulting from the accounts, an enterprise shall make an increase in the value of the current resale value of valued assets. To this end, the asset's cash-generating unit: in the case of economic benefits to one unit shall apply the rules set out in chapter VI and, in the case of assets of unit economic benefits as a group entity shall apply the rules set out in Chapter VIII.

9.10. If the reversal of the valuation of the asset resale impairment assessment object is higher than the possible corrections to carry out (in the light of the above restrictions), then the excess over possible asset valuation adjustment accounts for the remaining assets covered by the block exemption an assessment of impairment (other than goodwill) in proportion to their value resulting from the accounts on the day of the reversal of the impairment in the resulting from the accounts of the total value of this object to evaluate impairment determined on the same day without the goodwill of this object.

9.11. resale Correction causes an increase in the carrying amount of each asset and other operating income or revenues show: financial impact on profit or loss of the period.

9.12. in the case of the valuation of an asset reported at revalued amount adjustment allowance is for resale an asset – revenue affecting profit or loss of the period, but up to a maximum of the amount corresponding to the previously made (the weight of the financial result) odpisom updating the asset. The possible surplus inverted copy over the amount possible for recognition as a result of the financial period, revenue account unit refers to revaluation of the asset, but only up to the amount determined in accordance with section 9.7.

9.13. in the case of a non-depreciable asset, the need for rate verification causes resale adjustment for depreciation, because the value of the component changes to stave off.

Example 9.1. Inverting the resale in subsequent reporting periods 1. Assumptions of output as in the example 8.10-"to determine the value in use of the object, determination of the resale and on consecutive days in the case of the balance sheet, when there are no grounds for the need to redefine the revaluation procedure.

2. at the end of the year 200 c the enterprise showed in their accounts and supporting documents the following records of the generating economic benefits: Dec..

If the value has not been previously resale value-beginning of the ultimate-Struts. Ordinance for a further year the value of the accounts-the ultimate Struts. carrying amount for the following year Z1-other assets value Zakumu-lowana depreciation War-net value Value St-kowa Zakumu-lowana amortyza-cja impairment to War-bilan-OWL 200A 1 000 – 1 0000 83 1 0000 – 1 0000 83 200B per hour 1 0000 83 917 83 1 0000 83-917 83 * c for 1 0000 166 834

83 1 0000 145 236 619 62 200 d 1 0000 249 751 83 1 0000 207 236 557 62 1 0000 332 668 83 1 0000 1 0000 415 585 83 1 0000 1 0000 498 502 83 1 0000 g 200 h 200F 200E 1 0000 581 419 83 1 0000 1 0000 664 336 83 1 0000 1 0000 747 253 83 1 0000 1 0000 830 170 83 1 0000 k 200J 200I 1 0000 913 87 200 l

87 1 000 1 0000 1 0000 00 200Ł X 1 000 Value resulting from the example how rounding to the unity of the annual depreciation amount in the subsequent 11-years.

** This amount of depreciation will not, however, in the year 200 c registered, because at the beginning of this year there has been a change in estimates; shall be new depreciation amount (after taking into account the resale-236) and the depreciation in the amount of 62.0-([917-236] ÷ 11 years).


3. In the next (200 d) year external circumstances affecting the operation of generating economic benefits have changed significantly. The changes are beneficial and promise higher than thought, the net economic benefits of the use of this resort. So again it was estimated the net economic benefits and the value of the recoverable amount of the facilities; was she-955.0-.

4. r. D 31.12.200 resulting from the accounts of the value of the assets, determined by the previous writ is upgrading 557.0-and can be increased by 398.0-(955-557).

5. Resale shall be made in such a way that there has been an increase in the carrying amount of the Z1 but at the same time, this value was not higher than the limit value odwracanego a copy, which designates the resulting from the accounts the value of Z1 is determined taking into account accumulated depreciation assets Z1 and assuming that there has been no impairment of these assets.

6. a copy of the odwracanego limit is at the end of the 200 d. 751.0. This means the possibility of increasing the current resulting from the accounts, the value of the assets of the Z1-194.0 (751-557) by reducing resale assets Z1; This makes it possible to increase the value of the resort.

7. The carrying amount of the assets of the Z1 is expected at the end of the 200 d, and at the end of the next, for example. two years following, if there will be no rationale to justify a reassessment of the recoverable amount verification: Dec..

Value, if it had not been previously resale value-beginning of the ultimate-Struts. Ordinance for a further year the value of the accounts-bilanso values are the ultimate Struts.-for another year Z1-other assets the value of St-kowa Zakumulo-Wan depreciation NET Value with-wa purchase – depreciation Value in the fi eld-aktualizu Copy lowana bilanso-wa 200A 1 000 – 1 0000 83 1 0000 – 1 0000 83 200B per hour 1 0000 83 917 83 1 0000 83-917 83 * c for 1 0000 166 834

83 1 0000 145 236 619 62 200 d 1 0000 249 751 83 1 0000 207 42 751 83 200E 1 0000 332 668 83 1 0000 290 42 668 83 200F 1 0000 415 585 83 1 0000 373 42 585 83 200 g 200 h 1 0000 498 502 83 1 0000 456 224 320 53 1 0000 581 419 83 1 0000 1 0000 664 336 83 1 0000 1 0000 747 253 83 1 0000 200J 200I 200 k

200 l 1 0000 830 170 83 1 0000 1 0000 913 87 87 * 1 000 1 0000 1000 00 200Ł X 1 0000 8. Assuming that at the end of the year 200 g need re-pricing of recoverable and verify the resulting from the accounts of the value of the assets on the balance sheet date should be Z1, confront again the value of Z1 from accounts (IE. 502) with the value of the recoverable amount, which is, for example, 320.0.

9. the relationship 502.0-and 320.0-indicates the need to increase the resale of 182.0-and correct depreciation (if it is not established that the depreciation period should be different than expected it before) with 83.0-53.0-(i.e. 320 ÷ 6 years).

Example 9.2. Estimating the net cash flows if the restructuring is, resale, the subsequent unwinding of a copy of the 31. 12.200A 1. An enterprise on A r 31.12.200 JG. performs the procedure for evaluation of impairment of generating economic benefits that is bet. 1.2. The value of the establishment of the accounts on this day is 15-0.0 and corresponds to the value of the gross assets of the plant (70 000) less accumulated depreciation (55 000).

3. The expected useful life of the Z1 is 10 years.

4. It has been established that the value of the recovered Z1 sets the value in use of the plant, which is estimated at 14% discount rate before tax.

5. An approved by the management of the financial plan shows that in the year c for this plant will be subject to restructuring, which is expected cost-will be 500.0. The Board expects that the restructuring will cut costs (and, as a consequence, future expenses) associated with the operation of the plant.

Estimating the net cash flow for the Z1 on A r 31.12.200 should occur without taking into account the anticipated financial plan (only after the year 200 c) expenditure arising from restructuring costs and without taking into account the estimated benefits (without the reduction of expenditure), the JG restructuring expected (it will be carried out from the year 200 d as).

Examples of the calculation of value in use at the end of the 200A r. may present as follows: year of Future net cash flow discount Factor at a rate of 14% of the present value of cash flows 1 1 500 1 316 2 0.8772 1 400 c for 200B per hour 0.7695 1 077 3 200 d 0.6750 2 100 1 418 4 200E 2 600 1 539 5 0.5921 200F 0.5194 1 750 909 6 2 100 g 0.4556 0.3996 2 400 200 h 957 7 959 8 200I 0.3506 2 400 841 9 200J

0.3075 200 k 707 10 2 300 2 000 539 0.2697 value in Z1 10 263 recoverable on 31.12.200 and r is 10 263.0-i is lower than that resulting from the accounts the value of Z1-15-0.0. In this connection, A downgrading JG 31.12.200 assets the Z1 to the total amount of 4737 (15 000-10 263). As a result of the carrying amount of the Z1 for that day will be 10-263.0.

Dec.. Value if it had not been previously resale value-beginning of the ultimate-Struts. Ordinance for a further year the value of the accounts-bilanso values are the ultimate Struts.-for another year Z1-other assets the value of St-kowa-Zakumulo wana amortyza-tion net value initial value Zakumulo-Wan amortyza-tion with a copy of the aktualizu-carrying in the fi eld of 200A * 70 0000 55 0000 15 0000 1 500 70 0000 55 0000 4 737 10 263 1 026 * 200B per hour 70 0000 56 500 13 500

200 c 200 d 70 0000 58 0000 12 0000 1 500 1 500 70 0000 56 026 4 737 9 237 1 026 70 0000 59 500 10 500 1 500 70 0000 61000 9 0000 1 500 70 0000 62 500 7 500 1 500 70 0000 64 0000 6 0000 1 500 g 200F 200E 200 h 70 0000 65 500 4 500 1 500 200I 200J 70 0000 67 0000 3 0000 1 500 70 0000 68 500 15 0000 1 500 X 70 0000 70 0000 00 k Expected further lifespan Z1 is eg. 10 years, straight-line depreciation method is used (in place of the previously used method of accelerated).

31.12. 200B per hour 6. Within r 200B per hour, there has been a depreciation of assets Z1 in the amount of 1026.0 (i.e. 10 263 ÷ 10 years).

7. At the end of 200B per hour. the restructuring was not yet in the details of the slated were therefore not in connection with any of the special-purpose reserve.

In the absence of specific restructuring programme 31.12.200 B r. JG cannot change estimates of the net cash flows projected for the year 200 c, or reduce expenses (as the expected benefits from restructuring) from 200 d r. starting. In such a situation, and in the absence of other indications, which could impinge on the need for a reevaluation of the estimates year 200A, recalculation of recoverable amount on the r B 31.12.200. is not necessary.

31.12. c for 8. Over 200 c r, there has been a depreciation of assets in the amount of $ 1026.0 (i.e. 9237 ÷ 9 years).

9. At the end of the 200 c r. restructuring was planned in detail, because it created the special-purpose reserve of 500.0-. in the amount estimated in advance and not requiring, according to best estimates – changes.

10. It is anticipated that the restructuring will be carried out in the 200 d.

11. the reduction in expenses associated with the use of Z1 after this period depends on the size of the expected production in the coming years in the Z1, which is why in every period of the year benefit from the expected starting 200E restructuring will have a different value.

12. Not changed 14% discount rate considering that it is still well founded.

Determine the restructuring programme is the basis of the recognition that economic benefits generating from the moment of the completion of the restructuring will be different's objective with respect to economic benefits. Its use in this case will result in a lower than usual operating expenditure.


Value (of accounts) the assets of the Z1 on 31.12.200 C r is 8211.0 (i.e. 9237-1026). To commit JG to restructure (created the relevant provision in the year 200 c) value in this bet requires verifiable (fixing again).

Keep in mind that here in the first place-in the year 200 c provision for restructuring means that in the year 200 d this restructuring will be implemented (will be borne expenses). However, restructuring expenses cannot be charged cash flows provided as economic advantage from the use of plant Z1 in the year in which the restructuring will be in progress (for the year 200 d). Therefore, the net cash flow for the year 200 d are not (compared to previous estimates) changed because of this. Secondly, since the completion of the restructuring, in net economic benefits forecast shall take into account the benefits arising. It will happen from the beginning of the 200E. The calculation of value in use Z1 at the end of the year 200 c is as follows: year of Future net cash flow after taking into account the benefits of the restructuring of the discount Factor at a rate of 14% of the present value of cash flows 1.

200 d 0.8772 2 100 1 842 2.

200E 0.7695 2 850 2 193 3.

200F 0.6750 1 900 1 283 4.

200 g 0.5921 2 250 1 332 5.

200 h 2 550 0.5194 1 324 6.

200i 0.4556 2 550 1 162 7.

2 400 200J 0.3996 959 8.

200 k 2 050 0.3506 719 value in Z1 10 814 On 31.12.200 (C) recoverable amount bet Z1 (10 814) is higher than its value on the accounts of the day (8211 = 70 000 – 57 052-4737) with 2603.0. In this connection, once again it is necessary to analyse the brings the reversal of part of the resale.

The boundary of the reversal of resale shall appoint, on the one hand, the amount of 12-0.0. the value of the assets would have bet Z1 at the end of the year 200 c, if no impairment was not, on the other hand while carrying on 31.12.200 C does not exceed the recoverable amount at the rate of 10 814.0-designed for the day. This means that the resale value of the assets should lead reversal Z1 to the level of the recoverable amount (10 814), because it is lower. Impairment can be reversed by the amount of 2603.0-(IE. 10814-8211) and at the end of the year it will be 200 c was 2134.0 (i.e. 4737-2603). In this case, there may be a reversal of resale in full (fixed above).

The recognition of the results of the appropriate calculations at the end of the 200 c (and subsequent years, assuming no instance need re-pricing recoverable Z1) is as follows: Dec..

If the value has not been previously resale value-beginning of the ultimate-Struts. Ordinance for a further year the value resulting from the accounts of the Amortyza-tion of the carrying amount for the following year Z1 – other assets of War-to St-kowa Purchase-lowana amortyza-cja War-NET to War-to St-kowa-Zakumulo wana amortyza-tion with a copy of the update-cating carrying 200A * 70 0000 55 0000 15 0000 1 500 70 0000 55 0000 4 737 10 263 1 026 * 200B per hour 70 0000 56 500

13 500 1 500 70 0000 56 026 4 737 9 237 1 026 c for 70 0000 58 0000 12 0000 1 500 70 0000 57 052 2 134 10 814 1 352 * 200 d 70 0000 59 500 10 500 1 500 70 0000 58 404 2 134 9 462 1 352 200E 70 0000 61 0000 9 0000 1 500 70 0000 59 756 2 134 8 110 1 352 200F 70 0000 62 500 7 500 1 500

70 0000 61 108 2 134 6 758 1 352 200 g 70 0000 64 0000 6 0000 1 500 70 0000 62 460 2 134 5 406 1 352 200 h 70 0000 65 500 4 500 1 500 70 0000 63 812 2 134 4 054 1 352 200I 70 0000 67 0000 3 0000 1 500 70 0000 65 164 2 134 2 702 1 352 70 0000 68 500 1 500 1 500 70 0000 66 516 200J

70 0000 70 0000 00 k 2 134 1 350 1 350 x 70 0000 67 866 2 134 00 x the expected further lifespan Z1 is eg. 10 years, straight-line depreciation method will be used (in place of the previously used method of accelerated).

** Adjusted depreciation as a result of an increase in the carrying amount of the Z1 (÷ 10 814 8 years).

Example 9.3. Estimating the net cash flow for the prediction improve or enhance products derived from the object, determination of resale, the subsequent unwinding of a copy of the 31. 12.200A 1. The enterprise JG on 31.12.200 and r. body carries out the procedure for determining the resale valuation of assets generating economic benefits due to the loss of value by the company Z1.

2. The value of the assets of the establishment of the accounts on this day is 15-0.0 and corresponds to the value of the gross assets (70 000) bet less accumulated depreciation (55 000).

3. the expected period of further use of the Z1 is 10 years.

4. It has been established that the recoverable amount of the Z1 sets the value in use of the plant, which is estimated at 14% discount rate before tax.

5. Management planning activities should provide for the estimated costs of the plant use Z1 in its current state and necessary to maintain the desired level of economic benefits.

6. the approved financial plan foresees that in the year of the expenditure will be incurred in the amount of 2500.0 200E-improving quality parameters and efficiency of fixed assets used in a Z1.

The determination of future economic benefits (in the form of value in use) with the Z1 at the balance sheet date and the following year 31.12.200 taking into account (over the entire period of appreciation carried out on this day) expenditure related to use of the plant in its current state, necessary to obtain the expected economic benefits.

Examples of values listed below take into account already. The calculation of value in use at the end of the 200A r. may present as follows: year of Future net cash flow discount Factor at a rate of 14% of the present value of cash flows 1 2 217 1 945 2 0.8772 2 144 c for 200B per hour 1 650 3 2 055 200 d 0.7695 0.6750 1 387 4 200E 2 472 1 464 5 0.5921 200F 2 533 0.5194 1 316 6 200 g 0.4556 2 483 1 131 7 200 h 2 412 0.3996 964 8 200I 895 9 0.3506 2 553

200J 2 423 0.3075 745 10 200 k 2 285 0.2697 616 value in Z1 12 113 presented values of projected net cash flow on the account is not A 31.12.200 nor the expenditure scheduled for the 200E in connection with the intention of improving the quality parameters and efficiency of fixed assets used in a Z1, nor the expected increase in economic benefits. Estimates, in fact, occur in accordance with the current (and 31.12.200) out Z1 and its ability to generate economic benefits.

Recoverable on A 12 year 31.12.200 113.0-and is lower than that resulting from the accounts the value of Z1-15-0.0. Therefore, on A downgrade should JG 31.12.200 assets (as a result of the accounts) the Z1 to the total amount of 2887.0-(15-12). As a consequence, the carrying amount of the assets of the Z1 for that day will be 113.0 12.

Adjusted for the remaining 10 years of the annual amount of depreciation is 1211.0 (i.e. 12 113 ÷ 10 years).

31.12. 200B per hour 7. During the year the assets depreciation charged 200B per hour Z1 of 1211.0-(i.e. 12 113 ÷ 10 years). Value (of accounts) the assets of the Z1 is 31.12.200 B. 10 902.0-(15 000-2887-1211).

8. At the end of 200B per hour. There were no grounds to justify the need to estimate the net cash flows associated with the use of Z1. Established in the year 200A expected net cash flow are still expected in the predicted sizes.

31.12. c for 9. Over 200 c r. was the depreciation of the assets of the Z1 in the amount of 1211.0 (i.e. 10 902 ÷ 9 years). Resulting from the accounts of the value of assets of the Z1 is 31.12.200 C. 9691.0.

10. At the end of the 200 c. There were no grounds to justify the need for a reassessment of the net cash flows associated with the use of Z1. Established in the year 200A expected net cash flow is still expected in the predicted sizes.

31.12. 200 d 11. Over 200 d r. was the depreciation of the assets of the Z1 in the amount of 1211.0. The value resulting from the accounts on 31.12.200 D is 8480.0.

12. At the end of the 200 d. There were no grounds to justify the need to net cash flows forecasting related to use of the Z1. Established in the year 200A expected net cash flow is still expected in the predicted sizes.

31.12. 200E 13. In the 200E. depreciation charged assets Z1 in the amount of 1211.0. The value of the accounts on the 7269.0 E is 31.12.200-.


14. In the course of that year were incurred expenditure on the improvement of the quality parameters have been changed, thanks to which asset performance and Z1. Expenditure amounted to 2500.0-and increased (resulting from the accounts of) the value of the assets of the establishment for the 9769.0.

15. Because the improvements have already been made, and not incurred if the following expenditure at the end of the 200E. the need to justify the reasons were estimates of net cash flows associated with the use of Z1. Net cash-flow estimate has been made for this establishment for the remaining period of its use. Established in the year 200A expected net cash flow require changes to take account of the additional benefits which the undertaking obtains thanks to improve assets (fixed assets).

The calculation of value in use at the end of the 200E. based on the new estimates is as follows: year of Future net cash flow discount Factor at a rate of 14% of the present value of cash flows 1 200F 3 032 0.8772 2 660 2 200 g 200 h 2 520 3 2 141 4 0.6750 3 172 0.7695 3 275 200I 0.5921 3 195 1 892 5 3 310 200J 0.5194 1 719 6 k 2 800 1 276 0.4556 value in Z1 12 208 New recoverable 12 208 -the value of the assets is higher than the Z1 arising from accounts at the balance sheet date (9769) and, therefore, should consider the JG reducing (reversing) resale on the assets of Z1, 2887.0 at the balance sheet date. The limit of the amount of the resale odwracanego the value of the assets, however, that the assets would have value designates the Z1 at the end of the 200E, if previously there has been any impairment, but only increase the value of their investment in improvements. This value is 11 500.0-(15 000-depreciation for 4 years + improvements 2500) and includes the resulting from the original plan assets 15,000,000 collateral trust sinking on 31.12.200 E (9000) and expenditure on the improvement of the 200E (2500). Because this value is lower than the recoverable amount, but higher than the current net asset value of the accounts, a copy can be reversed such that the carrying amount of the assets of Z1 was 11-500.0. The amount of the reversal of the impairment loss is projected to be 1731.0 (i.e. 11 500-9769) and-as the calculation is the reversal will cover only part of the (2887) resale made earlier.

The results of the calculations (assuming that over the next few years there will be no grounds to justify the subsequent estimates of recoverable) table: Dec..

If the value has not been previously resale value Depreciation early the following year the value of the accounts Depreciation carrying amount for the following year Z1-other assets the value of St-kowa Zaku-lowana him the ultimate Value net value-Struts. St-kowa Purchase-lowana-Copy the ultimate Struts. Update cating the value bilanso-wa 200A 70 0000 55 0000 15 0000 1 500 70 0000 55 0000 2 887 12 113 1 * 211 * 200B per hour 70 0000 56 500 13 500 1 500

70 0000 56 211 2 887 10 902 1 211 c for 70 0000 58 0000 12 0000 1 500 70 0000 57 422 2 887 9 691 1 211 200 d 70 0000 59 500 10 500 1 500 70 0000 58 633 2 887 8 480 1 211 200E 72 500 61 0000 11 500 1 917 72 500 59 844 1 156 11 500 1 *** 908 *** 200F 72 500 62 917 9 583 1 917 72 500 61 761

1 156 9 583 1 917 200 g 200 h 72 500 64 834 7 666 1 917 72 500 63 678 1 156 7 666 1 917 72 500 66 751 5 749 1 917 72 500 65 595 1 156 5 749 1 917 200I 72 500 68 668 3 832 1 917 72 500 67 512 1 156 3 832 1 917 72 500 70 585 1 915 1 915 72 500 69 429 1 156 1 915 200J

1 915 200 k x 72 500 72 500 00 72 500 71 344 1 556 00 x the original amount of depreciation at a 10-year period of use Z1.

* Depreciation resulting from the settlement of the carrying amount of the life of the Z1.

Adjusted (due to improvements) depreciation the gross value of the assets of the Z1:11500 ÷ 6 = 1917.0-.

X. GOODWILL LOSS REPORTED in the consolidated financial statements 10. If an entity holds shares in subordinated units and consolidated financial statements, it is determined at the time of the consolidation procedures the consolidated goodwill at each balance sheet date is subject to the assessment of whether or not there has been a loss of its value.

10.2. This assessment is if you have less than 100% share in the unit that underlies-requires:-100% of the value of the company is 100% of the net asset value of the unit that underlies, in the values provided to the recognition in the consolidated report,-100% of the value of the recoverable amount of the unit in the case, which the company concerned is 100% of the difference between the value of the recoverable amount of subordinated units and the value of 100% of the net asset value of the unit that underlies the plus 100% of the value of the subordinated units company – the possible resale value of the company due to the loss of its value (maximum 100%)-a copy of the surplus, if any, of the settlement over the value of the resale value of the company to the individual assets that underlies the units included in the consolidated financial statements.

10.3. the goodwill impairment that underlies the unit covered by consolidation shall be debited to the consolidated profit and loss account; It may not affect the share of minority shareholders in the consolidated result.

10.4. Impairment the individual assets that underlies the unit, included in the consolidated financial statements, shall be charged to the consolidated equity capital revaluation if the subordinated unit occurs at the balance sheet date, the capital and it was the maintenance period of the shares and assets whose value is reduced as a result of the resale. Write-downs reduce the network up to scratch. The surplus on the resale amount of capital from revaluation shall be debited to the consolidated profit and loss account, as well as impairment if revaluation does not occur. A copy of this – to determine the share of minority shareholders in the Group's profit-affects the Group's financial result only in proportion to the ownership rights of the parent in the case.

Example 10.1. Impairment the goodwill shown in the consolidated financial statements 1. on January 1, 200A r. parent JD covered 80% of the shares (shares) in the subsidiary JZ paying for not 8000.0. The fair value of the net assets amounted to JZ-7500.0.

2. at the date of acquisition of JD has established goodwill relating to the subsidiary of JZ-2000.0 (i.e. the 8000-80% x 7500).

3. The parent, in drawing up the consolidated financial statements at the end of the 200A, before the indication of the goodwill it must verify that during the course of this year there has been a loss of goodwill relating to JZ, in which place as generating economic benefits. For this purpose, before the completion of the consolidation procedures, the JD set the recoverable amount of the entire unit JZ, despite the fact that he has this unit is less than 100% of the ownership rights. This value was 5000.0.

4. To determine the possible impairment, JD must specify the resulting from the accounts the value of entire JZ at the end of and on the whole JD 200A goodwill.

5. At the end of the year 100% of the value of the 200A net assets JZ to recognition in the consolidated financial statements amounted to 6750.0, with the participation of minorities falls 1350.0-(i.e. 20% x 6750). The value of the assets amounted to 10 0.0-JZ-3250.0 obligations.

6. Concerning the JD goodwill – 80% 2000.0-hence the 100% of the value of the company is 2500.0 (i.e. 2000 ÷ 0,8).

7. Resulting from the accounts of the value of all assets of the Z1 (the generating economic benefits) is at the end of the 200A. 9250.0-(6750 + 2500).

8. Because the value of the recoverable amount (5000) is less than the resulting from the accounts of the value of the assets-9250.0-Z1, impairment should be 4250.0. Of this amount, the value of the company is 2500.0-(80% of the 2500 = 2000 charge the value of the company down for JD and 20% of the shares of the minority shareholders will be charged 500 = 2500).

9. The remaining copy of the 1750.0-requires settlement of the various assets of the JZ accounted for in the consolidated financial statements.

10. Accordingly, in the consolidation sheet order has been presented in the following table. Table shows only those values that are important to illustrate the procedure.

Items of consolidated financial statements the value of 31.12.200 and r. before taking a measurement procedure impairment Order resulting from the application of the procedure for the measurement of impairment of assets the carrying amount of the item proposed financial statements-consolidate Dt Ct goodwill JZ 2 0000 500 2 000 (1) (2) (3) 500 0 Assets-1 JZ 5 0000 875 (4) Assets 4 125-2 JZ 4 0000 700 (4) 3 300 Assets-3 JZ 1 0000 175 (4) 825 Total assets 12 000

 

 


8 250 Equity-Capital 8 0000 8 0000 primary stakeholders (shareholders) 1 350 500 minority (3) 350 (4) 500 (1) 1 000 consolidated financial result-600 2 0000 (2) 1 400 (4)-4 000 Liabilities and reserves 3 250 3 250 JZ Total liabilities 12 0000 4 750 4 750 8 250 (1) correction of Working company with the value of the company on 20% of the net assets of JZ and for minority shareholders to her 100%.

(2) impairment the goodwill on JZ, but per JD.

(3) Deregistration the value adjustments working company.

(4) the impairment value of individual assets in the consolidated report carried JZ applied (for example, only according to the structure of value) to the individual assets (i.e., taking into account their long-or short-term destination, operational, or the nature of the investment); a copy of the account shall be taken of the fact that in 20% it should charge minority shareholders.

Please note! It would be incorrect to calculate resale based on 80% of the value of the recoverable amount and 80% of the value of the net assets shown in the consolidated data. Such a solution does not correspond to the economic content of the consolidation procedures. Since the consolidation procedures are recognised net assets in 100% impairment should be the full value (rather than 80%) of these assets. Distorted result would be consolidated and the shares of minority shareholders.

XI. Presentation and DISCLOSURE in the financial statements of the DATA RELATING to the IMPAIRMENT of ASSETS 11.1. In accordance with the accounting Act-Appendix 1-unit in the additional information and notes provides information about:-reductions in (write-offs) or value (odwróceniach copies) generic group values of fixed assets, intangible assets and long-term investments (1.1), the height and the reasons for the impairment of fixed assets (section 2.2), the height of the inventory value impairment (2.3), write-offs updating the value of debts, with an indication of the State at the beginning of the financial year , the value of, use of, and the dissolution of the State at the end of the financial year (point 1.2).

11.2. where information other than listed above could significantly affect the assessment of the financial situation, financial and profit or loss of the unit, you must disclose this information (section 9).

This can include: 1) information about the individual assets, for which the related write-downs due to loss of value or in respect of which there have been reversals of resale, and include: – the type of asset, is an indication of whether the recoverable amount of the asset is responsible for its commercial value or value in use, is to give the reasons for the restrictions determine the recoverable amount on the basis of an estimate only one of two values: commercial or use – indication whether recoverable amount corresponding to the commercial value was determined on the basis of the reference to an active market, the amount of impairment loss or the amount of the reversal of the resale and recognition: in the profit and loss account or in equity, in negative goodwill or revenue in future periods;

2) information on centres of economic benefits-generating unit to which the related write-downs due to loss of value or in respect of which there have been reversals of impairment impairment loss include:-description,-an indication of whether the recoverable amount of the match his commercial value or its value in use, is to give the reasons for the restrictions determine the recoverable amount on the basis of an estimate only one of two values: or, is an indication of whether the recoverable amount of the equivalent commercial value has been determined on the basis of a reference to an active market – the amount of impairment loss or the amount of the reversal of the impairment loss allowance, broken down by types of assets assigned to specific generating economic benefits and recognition: in the profit and loss account in equity, in negative goodwill or revenue in future periods, is a group of assets, if has changed;

3) most important events and circumstances that led to the recognition and reversal of impairment losses caused by loss of value.

 

1 within the meaning of the standard value in use is not the same as the value of the use referred to in article 14(2). 31.3. 1 of the accounting Act.

2 the CAPM Capital Asset Pricing Model () is a model describing the relationship between risk and expected rate of return on an asset measured at its. His formula and a description of the assumptions include the development of dedicated financial instruments and financial engineering.

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