Fodder Ltd is a well-regarded restaurant chain that has encountered a challenging year. Due to the presence of impairment indications, company management have decided to do an impairment test. The following is the statement of financial position with the carrying amount of the assets of their flagship restaurant (determined to be a cash generating unit) as at 31 December 2020: Assets Buildings Equipment Patent Goodwill Inventory Receivables Cash Total Liabilities and Equity Liabilities Equity Total Share Capital Share Premium Revaluation Reserve Retained Earnings 150,000 150,000/ 130,000 155,050 730,000 20,500 15,000 9,000 3,600 750 6,200 785,050 200,000 585,050 785,050 Liabilities Equity Total Share Capital Share Premium Revaluation Reserve Retained Earnings 150,000 150,000 130,000 155,050 200,000 585,050 Page 7 of 9 785,050 When the company carried out the impairment test on 31 December 2020 the cash generating unit's fair value less costs to sell was assessed as 628,000 and value in use was calculated as 565,000. The revaluation reserve balance relates to the buildings. Required: i) Calculate the impairment for the cash generating unit as at 31 December 2020 in accordance with IAS 36 Impairment of assets, explaining to management how any impairment is determined and allocated. Show the statement of financial position and the income statement extract to be reported as at 31 December 2020. (17 marks) II) Discuss four potential impairment indications for Fodder Ltd. (6 marks) (Total: 23 marks)