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An impairment loss recognised for goodwill must not be reversed in a subsequent period.

b)

Business combinations

Business combinations are accounted for using the acquisition method.

The application of the acquisition method requires, as indicated in IFRS 3, Business

Combinations, at the acquisition date, the recognition and fair value measurement of the

identifiable assets acquired, the liabilities assumed and any non-controlling interest in

the acquiree, and the recognition and measurement of a gain from a bargain purchase

made on very favourable terms.

The acquirer shall identify the acquisition date, which is the date on which it obtains

control of the acquiree.

The cost of a business combination is the sum of the acquisition-date fair value of the

consideration transferred, and the amount of any non-controlling interests in the

acquiree. For each business combination, the acquirer shall measure any non-controlling

interest in the acquiree either at fair value or at the non-controlling interest’s

proportionate share of the acquiree’s identifiable net assets.

The costs incurred to issue equity or debt securities given up in exchange for the items

acquired are not included in the cost of a business combination.

Also, the cost of a business combination does not include the fees paid to legal advisers

and other professionals involved in the combination, or any costs incurred internally in

this connection. Such amounts are charged directly to the Group's consolidated profit or

loss.

Any contingent consideration the Group transfers in exchange for the acquiree shall be

recognised at the acquisition-date fair value.

At the acquisition date, the acquirer shall recognise a gain or goodwill, measured as the

excess of the aggregate of the consideration transferred measured at acquisition-date

fair value and the amount of any non-controlling interest in the acquiree over the net of

the acquisition-date fair value amounts of the identifiable assets acquired and the

liabilities assumed. If consideration is lower, the resulting gain shall be recognised in

profit or loss.

The consideration the acquirer transfers in exchange for the acquiree includes any asset

or liability resulting from a contingent consideration arrangement. The acquirer shall

recognise the acquisition-date fair value of contingent consideration as part of the

consideration transferred in exchange for the acquiree.

If the initial accounting for a business combination is incomplete by the end of the

reporting period in which the combination occurs, the acquirer shall report in its financial

statements provisional amounts for the items for which the accounting is incomplete, and

the provisional amounts may be adjusted in the period required to obtain the necessary

information. However, in no case shall the measurement period exceed one year from

the acquisition date. The effects of measurement period adjustments are recognised

retrospectively against goodwill, and comparative information for prior periods must be

revised as needed.

Subsequent changes that are not measurement period adjustments to the fair value of

the contingent consideration classified as an asset or a liability shall be recognised in

accordance with IAS 39, with any resulting gain or loss recognised either in profit or loss

or in other comprehensive income, unless the contingent consideration has been

classified as equity, in which case it shall not be remeasured and its subsequent

settlement shall be accounted for within equity.