Zephryus Company has been experiencing declining market conditions for its sportswear division. Management decided to test the assets of the division for possible impairment. The test revealed the following: book value of divisions assets, $28.5 million; fair value of divisions assets, $22.0 million. Assume that the present value of the estimated future cash flows generated from the divisions assets is $23.0 million and that their fair value approximates fair value less costs to sell. What amount of impairment loss should Zephryus recognize if the company prepares its financial statements according to IFRS?