text: (cid:129)*IAS 36,*
  
  *Impairment of Asset (IAS 36)*– In May 2013, the IASB 
  amended IAS 36 to clarify the circumstances in which the recoverable 
  amount of assets or cash-generating units is required to be disclosed, 
  to clarify the disclosures required, and to introduce an explicit 
  requirement 
  rate used in determining 
  impairment (or reversals) where the recoverable amount (based on 
  fair value less costs of disposal) is determined using a present value 
  technique. The amendments are effective for annual periods 
  beginning on or after 
  January 1, 2014, with early adoption 
  permitted. We early adopted this policy as of January 1, 2013 and 
  made the required disclosures. 
  
  to disclose the discount 
  
  **New Accounting Standards**
  We adopted the following new accounting standards effective 
  January 1, 2013, of which none had a material impact on prior periods. 
  (cid:129)*IFRS 10, Consolidated Financial Statements (IFRS 10) –*As a result of 
  the adoption of 
  IFRS 10, we have changed our approach to 
  determining whether we have control over and consequently whether 
  we consolidate our investees. IFRS 10 introduces a new control model 
  that is applicable to all investees. Among other things, it requires the 
  consolidation of an investee if we control the investee on the basis of 
  de facto circumstances. In accordance with the transitional provisions 
  of IFRS 10, we re-assessed the control conclusion for our investees at 
  January 1, 2013. We made no changes in the current or comparative 
  period as a result of this assessment. 