A revised SB-FRS 1002 Impairment of Non-Cash-Generating Assets, including a revised Implementation Guidance, effective for annual periods beginning on or after 1 January 2023, have been issued. Early application is permitted.
The key amendments made to SB-FRS 1002 are:
| Paragraphs |
Key Amendments |
| 5A, 13A |
Specified that non-cash-generating right-of-use asset is within the scope of the Standard |
The key amendments made to the Implementation Guidance are:
| Paragraphs |
Key Amendments |
| C2 |
Included an illustrative example on disclosure for reversal of impairment loss
|