I have an investment in a holding company that had been previously impaired in a prior year. This investment has now been reviewed and the value of this investment has now increased. Under IAS 36(Impairment of assets) I believe that it is possible to reverse this impairment so long as it doesn’t go above the initial investment amount. My understanding would be that the reversal would go through the p&l.
My knowledge of FRS102 is not extensive and thus was wondering if anyone could provide further guidance on this issue.