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CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
Goodwill or gain on bargain purchase
• Goodwill is recognised as a non-current asset in the
statement of financial position.
• Gain on bargain purchase is recognised as a gain
(other income) in the profit or loss section of the
statement of profit or loss and other
comprehensive income in the year in which the
acquisition took place.
• If the gain on bargain purchase relates to a subsidiary
acquired in a prior period, it will be recognised as part of
opening retained earnings in the statement of changes
in equity.
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