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of goodwill or intangible assets with indefnite
useful lives allocated to that unit is signifcant in
comparison with the entity’s total carrying amount
of goodwill or intangible assets with indefnite
useful lives.
The amendments remove the requirement to
disclose the recoverable amount of each cash-
generating unit for which the carrying amount
of goodwill or intangible assets with indefnite
useful lives allocated to that unit is signifcant when
compared to the entity’s total carrying amount of
goodwill or intangible assets with indefnite
useful lives.
Instead, the amendments require entities to disclose
the recoverable amount of an asset (including
goodwill) for which an impairment loss was
recognised or reversed during the reporting period.
The amendments also require additional information
about the fair value measurement when the
recoverable amount of impaired assets is based on
fair value less costs of disposal.
As this is a disclosure standard, it will have no
impact to the fnancial position and fnancial
performance of the Group when adopted in
April 2014.
f) Amendments to FRS 39 Novation of Derivatives and
Continuation of Hedge Accounting
The amendments clarify that hedge accounting
need not be discontinued when derivatives
designated in hedging relationships are required to
be novated to a central counter-party as a result of a
law or regulation.
The exception to the discontinuation requirements
would only apply to novations required by laws
or regulations. For novations that do not meet
the criteria for exception, entities must assess
the changes to hedging instrument against the
derecognition criteria for fnancial instruments
and the general conditions for continuation of
hedge accounting.
The Group does not expect the adoption of the
amendments will have any impact on the fnancial
position of the Group.
34. Authorisation of fnancial
statements
These fnancial statements were authorised for issue in
accordance with a resolution of the Board of Directors
of the Trustee-Manager, Ascendas Property Fund Trustee
Pte. Ltd. on 24 April 2014.