Neo Ias. PDF fileNeo Lithium Corp Notes to Condensed Interim Consolidated Financial Statements For the Three Months Ended March 31 2021 (Expressed in Canadian Dollars) Unaudited 4 IAS 29 Financial Reporting in Hyperinflationary Economies (continued).
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PDF fileNEO LITHIUM CORP CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS THREE AND SIX MONTHS ENDED JUNE 30 2021 (EXPRESSED IN CANADIAN DOLLARS) (UNAUDITED) NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51102 part 4 subsection 43(3)(a) if an auditor has not performed a review of the.
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In accordance with IAS 36 Impairment of Assets the recoverable amount of Neo’s CGUs was determined based on fair value less cost of disposal for the Magnequench segment and value in use for the C&O and the Rare Metals segments As a result of the impairment test Neo recognized an impairment charge of $591 million as of June 30 2020 with $351 million.
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