74Paragraphs 78, 105, 111, 130 and 134 are amended as follows (new text is underlined and deleted text is struck through):

74 Paragraphs 78, 105, 111, 130 and 134 are amended as follows (new text is underlined and deleted text is struck through):

78 It may be necessary to consider some recognised liabilities to determine the recoverable amount of a cash-generating unit. This may occur if the disposal of a cash-generating unit would require the buyer to assume the liability. In this case, the fair value less costs to sell of disposal (or the estimated cash flow from ultimate disposal) of the cash-generating unit is the estimated selling price to sell for the assets of the cash-generating unit and the liability together, less the costs of disposal. To perform a meaningful comparison between the carrying amount of the cash-generating unit and its recoverable amount, the carrying amount of the liability is deducted in determining both the cash-generating unit’s value in use and its carrying amount.

105 In allocating an impairment loss in accordance with paragraph 104, an entity shall not reduce the carrying amount of an asset below the highest of:

(a) its fair value less costs to sell of disposal (if determinable measurable);

111 In assessing whether there is any indication that an impairment loss recognised in prior periods for an asset other than goodwill may no longer exist or may have decreased, an entity shall consider, as a minimum, the following indications:

External sources of information

(a) there are observable indications that the asset’s market value has increased significantly during the period;

130 An entity shall disclose the following for each material impairment loss recognised or reversed during the period for an individual asset, including goodwill, or a cash-generating unit:

(f) if recoverable amount is fair value less costs to sell of disposal, the basis used to determine measure fair value less costs to sell of disposal (such as whether fair value was determined measured by reference to a quoted price in an active market for an identical asset). An entity is not required to provide the disclosures required by AASB 13; and

(g) …

134 An entity shall disclose the information required by (a)–(f) for each cash-generating unit (group of units) for which the carrying amount of goodwill or intangible assets with indefinite useful lives allocated to that unit (group of units) is significant in comparison with the entity’s total carrying amount of goodwill or intangible assets with indefinite useful lives:

(c) the recoverable amount of the unit (or group of units) and the basis on which the unit’s (group of units’) recoverable amount has been determined (i.e. value in use or fair value less costs to sell of disposal);

(d) if the unit’s (group of units’) recoverable amount is based on value in use: