| What impairment indicators do you apply to assess if a statutory receivable is impaired? |
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Statutory receivables are assessed for impairment at each reporting date to determine if there is a loss, or if the likelihood of collecting the receivable is reduced. GRAP 108 on Statutory Receivables sets out how statutory receivables should be grouped and assessed for impairment.
Indicators of impairment are listed in GRAP 108. A debtor applying for debt counselling or decreases in the collectability of customers’ debt in an area due to unemployment, are examples of such indicators.
The list of indicators in GRAP 108 is not exhaustive. An entity may consider other impairment indicators for statutory receivables. |
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| Share your views on the GRAP 108 impairment indicators |
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| The Board, as part of the Post-implementation Review of GRAP 108 [ED 207] would like to understand if the GRAP 108 indicators are helpful, and if there are any other indicators that you consider. Please share your comment on this with the Board. |
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