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Saturday, April 24, 2010

Value in use

Value in use means either:

  • The present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life (IFRS 5), or;
  • The present value of the future cash flows expected to be derived from an asset or cash-generating unit (IAS 36).
Source: Glossary of Terms of IFRSs as at 31 December 2008.