If so, what was the impairment loss for the current year, and does that number mean?
The company stated that property, plant, and equipment are recorded at cost less accumulated depreciation and accumulated impairment losses (pg. 8,) and that the same applies for intangible assets. However, how am I suppose to figure out the impairment loss?

On pages 28,29 it says “At each reporting date if there is objective evidence that an impairment loss has been incurred on financial assets, the amount of the loss is measured as the difference between the asset’s carrying amount and the present value of estimated future cash flows.”
I'm not sure I understand what it means.

Also, here is the link to Bauer's 2014 annual report
http://www.performancesportsgroup.co...wres-pages.pdf

The present value is a mathematical calculation and the methodology is well documented, The assets carrying value is the written down value in the books. The value of accumulated depreciation should be ascertainable from the accounts and therefore it should be possible to calculate the value allowed for impairment. Note 13 tells you what the value of net assets is, you need to learn to read the accounts.

Impairment means an additional writeoff over about depreciation and amortisation because projected values are lower than the carrying value. In other words the future of the business might be changing