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CONSOLIDATIONS AFTER THE DATE OF ACQUISITION

Transaction costs at acquisition of

investment in subsidiary

• IFRS 3 determines that acquisition related costs are

expensed in the consolidated financial statements

in the period in which they are incurred.

• Acquisition-related costs are defined as costs the

acquirer incurs to effect a business combination.

• Those costs include finder’s fees; advisory, legal,

accounting, valuation and other professional or

consulting fees; as well as general administrative costs,

including the costs of maintaining an internal acquisition

department (IFRS 3.53).

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