This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

IFRIC 10 — Interim Financial Reporting and Impairment


  • IAS 34 Interim Financial Reporting
  • IAS 36 Impairment of Assets
  • IAS 39 Financial Instruments: Recognition and Measurement
  • IFRS 9 Financial Instruments


Date Development Comments
12 January 2006 IFRIC D18 Interim Financial Reporting and Impairment published Comment deadline 31 March 2006
20 July 2006 IFRIC 10 Interim Financial Reporting and Impairment issued Effective for annual periods beginning on or after 1 November 2006

IAS Plus Newsletter

Summary of IFRIC 10

The Interpretation addresses an apparent conflict between the requirements of IAS 34 and those in other standards on the recognition and reversal in financial statements of impairment losses on goodwill and certain financial assets.

IFRIC 10 concludes that:

  • An entity shall not reverse an impairment loss recognised in a previous interim period in respect of goodwill or an investment in either an equity instrument or a financial asset carried at cost.
  • An entity shall not extend this consensus by analogy to other areas of potential conflict between IAS 34 and other standards.

Note: Consequential amendments have been made to IFRIC 10 by IFRS 9. Accordingly, entities that have adopted IFRS 9 (mandatory for annual periods beginning on or after 1 January 2018) apply the guidance above only in respect of goodwill and not equity instruments or financial assets carried at cost.

IFRIC 10 is effective for annual periods beginning on or after 1 November 2006. Earlier application is encouraged.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.