lued amount 80 (13.3) 66.7 Plant and equipment, at cost 100 (16
On 30 June 2018, HTL Bhd classifies a business segment as a disposal group for sale. The
carrying amount and the impairment loss recognised are as follows:
Before
RM’m
Impairment
RM’m
After
RM’m
Property, at revalued amount 80 (13.3) 66.7
Plant and equipment, at cost 100 (16.7) 83.3
AFS investment at fair value 40 - 40
Other monetary assets 30 - 30
Net amount 300 (80) 220
On 31 December 2018, the fair value of the AFS investment increase to RM45m. On this
date, HTL Bhd signs an agreement with a third party to dispose of the business for a
consideration of RM240m. Costs to sell are estimated at 3% of the consideration.
Required:
Compute the reversal of impairment loss that shall be recognised on 31 December 2018.
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