Keano Limited has identified an impairment loss of 60 million in one of its cash-generating units (CGUs).

Question:

Keano Limited has identified an impairment loss of €60 million in one of its cash-generating units (CGUs). The CGU showed a carrying amount of €160 million-and a recoverable amount of €100 million at 31 December 2017.

Details of the carrying amount: €Em Goodwill 20 Property 60 Machinery 40 Motor vehicles 20 Other non-current assets 20 160 The fair value less costs to sell of the CGU’s assets is less than their carrying values, except for the property, which had a market value of €70 million at 31 December 2017.

Requirement Allocate the impairment loss arising in accordance with IAS 36 /mpairment of Assets.

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