05-06-2010, 03:42 AM
AOA.
An entity acquired a number of radio frequency licenses, which it has capitalized in accordance with the requirment of ias-38.
The licenses give the entity contractual right to broad cast
exclusivly on specified radio frequencies for the next ten years.
The licenses can be sold to third parties.
Due to the limited avilability of these licenses, and the commercial
success of the radio stations using those frequencies, management
considers the value of the licenses to be considerably more than
carrying amount and intends to revalue them.
The entity has conducted a valuation using a professional
qualified valuer. (COMMENT).
Regards,
Zia Ahmad
An entity acquired a number of radio frequency licenses, which it has capitalized in accordance with the requirment of ias-38.
The licenses give the entity contractual right to broad cast
exclusivly on specified radio frequencies for the next ten years.
The licenses can be sold to third parties.
Due to the limited avilability of these licenses, and the commercial
success of the radio stations using those frequencies, management
considers the value of the licenses to be considerably more than
carrying amount and intends to revalue them.
The entity has conducted a valuation using a professional
qualified valuer. (COMMENT).
Regards,
Zia Ahmad
