IAS 36 - Impairment of Assets

The objective of IAS 36 is to ensure that an entity's assets are not carried at more than their recoverable amount. Key points include:

- Determining if an asset is impaired (i.e., if its carrying amount exceeds its recoverable amount).

- Measuring recoverable amounts for assets suspected of impairment.

- Recognizing and recording impairment losses on assets where applicable.

IFRS 13 - Fair Value Measurement

The objective of IFRS 13 is to provide a consistent framework for measuring fair value and enhancing fair value disclosures in financial statements. Key points include:

- Defining fair value as the price received to sell an asset or paid to transfer a liability in an orderly transaction at the measurement date.

- Establishing a fair value hierarchy based on the observability of inputs used in valuation techniques (Level 1, Level 2, and Level 3 inputs).

- Enhancing disclosure requirements to improve transparency regarding fair value measurements