This FAQ provides guidance on where you need to map your impairments accounts in the Financials IFRS template.

This FAQ is related to the October 2020 Financials IFRS release template. 

Please ensure that the new mapping structure has been copied from the template to the engagement file, and that the Income statement, Finance income and expenses Note and results for the year note has been updated.

Receivables and financial assets

Impairments of receivables and financial assets can be presented on the income statements or within the finance income and expense note.

Income statement

To disclose the amount as a line item in the income statement, the account will need to be mapped to the following mapping numbers:

Impairment of receivables:

• 2.1.3.500 - Reversal of impairment losses on Receivables 

• 2.5.6.630 - Impairment losses on Receivables (Function)

• 2.6.6.630 - Impairment losses on Receivables (Nature)

Impairment of financial assets:

• 2.5.6.950.900.004 - Impairment and reversal of impairment for financial assets (Function - calculated)

• 2.5.6.900.100.100.400 - Loans to group companies

• 2.5.6.900.100.100.450 - Other financial assets

• 2.5.6.900.100.100.600 - Loans to directors, managers and employees

• 2.6.6.950.107 - Impairment and reversal of impairment for financial assets (Nature - calculated)

• 2.6.6.520.100.130 - Loans to group companies

• 2.6.6.520.100.150 - Other financial assets

• 2.6.6.520.100.210 - Loans to directors, managers and employees

Finance income and expenses note

Finance income

To disclose the reversal of impairment within the finance income section of the note, please map the accounts to:

• 2.1.6.100 - Reversal of impairment losses on financial assets

• 2.1.6.105 - Reversal of impairment losses on receivables

Finance expenses

To disclose the impairment within the finance expenses section of the note, please map the accounts to:

Impairment losses on financial assets:

• 2.5.6.530.200 - Impairment losses on financial assets(Function)

• 2.6.6.530.200 - Impairment losses on financial assets(Nature)

Impairment losses on receivables:

• 2.5.6.530.210 - Impairment losses on receivables (Function)

• 2.6.6.530.210 - Impairment losses on receivables (Nature)

Impairments of non-financial assets

For impairment of non-financial assets it will be disclosed in the income statement as follows:

• Income statement by function -  it will be disclosed within other expenses

• Income statement by nature - it will be disclosed within the depreciation and amortisations expense

Results for the year

In the results for the year note, the impairments of non-financial assets are broken down into each category of the non-financial assets. This is for both nature and function categories.

Please map your accounts to the appropriate categories in:

• 2.5.6.900.100.100 - Depreciation, amortisation and impairments (Function)

• 2.6.6.520 - Depreciation, amortisation and impairments (Nature)