In 2011, the impairment test for long-term tangible and intangible assets changed with the adoption of ifrs. Ias 36 impairment of assets applies to all assets, unless they are specifically excluded because of a requirement in another standard: an asset is impaired if its carrying amount exceeds its recoverable amount. It is possible for an asset not to be impaired at the subsidiary level but to be impaired at the consolidated level. For each cash-generating unit, the allocated value is compared with the fair value of the unit"s identifiable net assets: the difference = goodwill of the cash-generating unit. First, to reduce the carrying amount of any goodwill and. Second, to the other assets of the unit pro rata based on the carrying amount of each asset. Impairment losses on assets other than goodwill can be reversed only to the extent of the pre-loss carrying amount of the intangible asset.