Impairment loss

Impairment loss

	Impairment test (under each inequality, impairment loss is recognized):	Impairment loss	CV after impairment loss
U.S.GAAP	Fair value < Carrying value (including goodwill) or Net book value(CV) > Undiscounted cash flows	(CV - FV)	FV
IFRS	Recoverable amount < Carrying value (including goodwill)	(CV - FV)	FV

The decline is considered to be permanent, the impairment loss is recognized on the income statement.