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Notes to the fnancial statements
For the fnancial year ended 31 March 2012
2. Significant accounting policies (continued)
2.6 Impairment of non-fnancial assets
Property, plant and equipment are reviewed for impairment whenever there is any objective evidence or indication that
these assets may be impaired.
For the purpose of impairment testing of these assets, the recoverable amount (i.e. the higher of the fair value less cost to
sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash fows that
are largely independent of those from other assets. If this is the case, the recoverable amount is determined for the CGU
to which the asset belongs.
If the recoverable amount of the asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of
the asset (or CGU) is reduced to its recoverable amount.
The difference between the carrying amount and recoverable amount is recognised as an impairment loss in proft or loss.
An impairment loss for an asset is reversed if, and only if, there has been a change in the estimates used to determine the
assets’ recoverable amount since the last impairment loss was recognised. The carrying amount of an asset is increased
to its revised recoverable amount, provided that this revised recoverable amount does not exceed the carrying amount
that would have been determined (net of accumulated depreciation) had no impairment loss been recognised for the
asset in prior years. A reversal of impairment loss for an asset is recognised in proft or loss.
2.7 Financial assets
(a) Classifcation
The Company classifes its fnancial assets in the following categories: loans and receivables and available-for-
sale. The classifcation depends on the nature of the asset and the purpose for which the asset was acquired.
Management determines the classifcation of its fnancial assets at initial recognition.
A-ITRUST ANNUAL REPORT 2011/2012 157