Ch 7 Impairment of Assets - IAS36 This assignment is related to chapter seven. Once you select the company of choice and have downloaded its annual report, prepare a report containing: Instructions: do the points for adidas company Disclosures relating to impairment of assets - IAS36 Does the Adidas company report any impairment of assets in its financial statements and accompanying notes? Briefly itemized list of each. The disclosure requirements of IAS36 are extremely extensive. For each item below, write a brief description (only few lines.) about: a. The amount of impairment losses recognised as expenses during the period and the line items in the statement of comprehensive income in which these impairment losses are included. b. The amount of reversals of impairment losses recognised as income during the period and the line items in the statement of comprehensive income in which these reversals are included. c. The amount of impairment losses (and reversals) on revalued assets recognised in other comprehensive income during the period. D. The recoverable amount of the asset and whether this is its fair value less costs of disposal or its value in use. Explain how the recoverable amount of an asset is determined?