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Goodwill in accordance with IFRS 3

 
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Goodwill in accordance with IFRS 3
hinanifaf
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#1
03-11-2010, 05:49 PM
Good Members,
Q
On 30Sept 2009, P LTD purchased 80% of the ordinary share capital of C ltd for 1.45mil.The book value of C LTD'S net assets at the date of acquisition was 1.35mil.A valuation exercise showed that the fair value of C LTD'S property,plant and equipment at that date was 100000 greater than book value and C ltd immediately incorportated this valuation into its own books.C LTD'S financial statements at 30 Sept 2009 contained notes referring to a contingent liability with a fair value of 200000.Poly ltd acquired C ltd with the intention of restructuring the latter's production facilities. The estimated cost of the restructuring plan totalled 115000.

What will be the goodwill in accordance with IFRS 3 Business Combination.
Thanks
Flora
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Goodwill in accordance with IFRS 3 - by hinanifaf - 03-11-2010, 05:49 PM
[No subject] - by Muhammad Amir - 03-15-2010, 07:13 AM

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