Word limit: 1500 words 32 Marks
Find the Annual Report Medibank for 2018 on the Australian Securities Exchange (www.as.com.au). Evaluate this Annual Report consistent with the requirements of AASB 13/IFRS 13 Fair value Measurement, AASB 116/IAS 16 Property Plant and Equipment, and AASB 136/IAS 39 Impairment of Assets.
Required:
(a) Which assets are carried at fair value? (2 marks)
(b) State where and what disclosures regarding the fair value measurement of assets have been made. (15 marks)
(c) Which assets are tested for impairment? (2 marks)
(d) State where and what disclosures regarding the impairment of assets have been made.
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