Huawei 2013 Annual Report Download - page 66
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65
Notes to the Consolidated Financial Statements Summary
If any such evidence exists, any impairment
loss is determined and recognised as
follows:
■ For investments in associates and joint
ventures accounted for under the equity
method (see note 1(f)), the impairment
loss is measured by comparing the
recoverable amount of the investment
with its carrying amount in accordance
with note 1(l)(ii). The impairment
loss is reversed if there has been a
favourable change in the estimates used
to determine the recoverable amount in
accordance with note 1(l)(ii).
■ For unquoted equity securities carried
at cost, the impairment loss is measured
as the difference between the carrying
amount of the financial asset and the
estimated future cash flows, discounted
at the current market rate of return for
a similar financial asset where the effect
of discounting is material. Impairment
losses for equity securities are not
reversed.
■ For trade and other current receivables
and other financial assets carried at
amortised cost, the impairment loss is
measured as the difference between
the asset’s carrying amount and the
present value of estimated future cash
flows, discounted at the financial asset’s
original effective interest rate (i.e. the
effective interest rate computed at initial
recognition of these assets), where the
effect of discounting is material. This
assessment is made collectively where
these financial assets share similar risk
characteristics, such as similar past due
status, and have not been individually
assessed as impaired. Future cash flows
for financial assets which are assessed
for impairment collectively are based on
historical loss experience for assets with
credit risk characteristics similar to the
collective group.
If in a subsequent period the amount of
an impairment loss decreases and the
decrease can be linked objectively to
an event occurring after the impairment
loss was recognised, the impairment
loss is reversed through profit or loss.
A reversal of an impairment loss shall
not result in the asset’s carrying amount
exceeding that which would have been
determined had no impairment loss
been recognised in prior years.
■ For available-for-sale securities, the
cumulative loss that has been recognised
in the fair value reserve is reclassified
to profit or loss. The amount of the
cumulative loss that is recognised in
profit or loss is the difference between
the acquisition cost (net of any principal
repayment and amortisation) and
current fair value, less any impairment
loss on that asset previously recognised
in profit or loss.
Impairment losses recognised in profit
or loss in respect of available-for-
sale equity securities are not reversed
through profit or loss. Any subsequent
increase in the fair value of such assets
is recognised in other comprehensive
income.