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CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS
Calculations
C2. Reacquired right
COMMENT
• Impact of reacquired right on the separate financial
statements:
• IFRS 3 requires that Italia recognise a gain or loss on
this settlement of favourable/unfavourable
component of the reacquired right at acquisition date
(in Italia’s separate financial statements).
• The gain/loss to be recognised is measured at the lower of:
• the amount the contract is favourable/unfavourable
from the acquirer’s perspective; and
• the amount of any settlement provision to the
counterparty to whom the contract is unfavourable.
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