Accounting Solutions: March 2009

Each month, experts at PwC consider the accounting implications of key IFRS changes

Impairment of a listed associate

Entity KeepWarm plc applies IAS 39, Financial Instruments: Recognition and Measurement, to identify potential impairment indicators in Umbrella Plc, an associate undertaking accounted for under IAS 28, Investments in Associates. The share price of Umbrella plc has significantly declined. Is the investment subject to an impairment test in accordance with IAS 36, Impairment of Assets?

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Impairment of a listed associate

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