Disclusore of loss by the impairment applied to fixed assets: analysis of the IBrX-50 companies

Abstract

The CPC 01 (R1) technical Pronouncement, which deals with the impairment of assets, after approved by CVM 639/10 Resolution, made it mandatory for public companies to test the recoverability and, if necessary, the recognition of impairment loss. This study aimed to examine whether the companies listed on the Brazilian 50 (IBrX-50) index, which recognized impairment loss relating to fixed assets in 2011, followed the guidelines laid out in CPC 01 (R1) concerning the disclosure. The research was descriptive and documentary and the approach to the problem is qualitative. To perform the analysis, a frame/chart was drawn with a selection of standard requirements regarding the disclosure of the impairment loss. It allowed the proofing and the comparison of compliance with the requirements of the CPC 01 (R1) entities. The study revealed that none of the companies analyzed completely met all the determinations of the Technical Pronouncement. The most disclosed pieces of information were the amount of loss and the nature of the asset. Braskem and Petrobras stood out in meeting the standards. It was also found that the entities that best publicized mandatory information were also among those that also provided the most amount of information, even beyond the required. It was possible to conclude that the requirements of the CPC 01 (R1) have not been totally observed yet by the companies object of study.