Impairment Testing – Subsidiary/Joint Venture/ Associate/Non-controlling investment/Goodwill or Intangible Assets
Impairment testing under Ind AS 36/IAS 36/ASC 350

Periodic assessment of Asset Impairment as per Ind AS/ IFRS regulations.

Impairment is a difference between book value and recoverable amount.

Value in use is higher of i)Fair Value (-) Cost to Sell and ii)Value in Use (i.e. present value)

Complexity in exercise is related to impairment testing of foreign investments (subsidiaries, associates, or joint ventures),
private companies, and intangibles.