As part of adopting IFRS,goodwill acquired in a business combination is no longer amortised.Instead,the acquirer shall test goodwill for impairment (IFRS 3 Business Combinations).When is goodwill considered to be impaired?

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Goodwill is considered to be impaired if the recoverable amount of the cash generating unit is less than the carrying amount. The recoverable amount is the higher of the fair value less costs to sell and the value in use, which is the present value of expected future cash flows. If the recoverable amount is less than the carrying amount, the goodwill is impaired and must be written down to its recoverable amount.

As Part of Adopting IFRS,goodwill Acquired in a Business Combination