n IMFO : Official Journal of the Institute of Municipal Finance Officers - Basics of impairment

Volume 14, Issue 4
  • ISSN : 1607-520X



The two standards of GRAP on impairment, namely cash- and non-cash generating assets (GRAP 21 & 26), contain a number of principles within their first few paragraphs which are subject to a huge amount of interpretation, and many times an incorrect interpretation is made. On the difference between a cash generating and non-cash generating asset in a public sector environment heavy discussions have arisen at various forums.

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