Page 78 - Topic 1 - 1.3. Business Combinations

CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS

Calculations

Comment

• Inventory and trade debtors

• The IFRS 3 fair value adjustments made to trade debtors

and inventory at acquisition must again be reversed

when the underlying assets are derecognized.

• Since trade receivables and inventory are current

assets, they are expected to realize within 12 months

if no other information is provided.

• These fair value adjustments are therefore reversed at

year end.

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