Disclosure of information about current business combinations
An acquirer is required to disclose information that enables users of its financial statements to evaluate the nature and financial effect of a business combination that occurs either during the current reporting period or after the end of the period but before the financial statements are authorised for issue. [IFRS 3.59]
Among the disclosures required to meet the foregoing objective are the following: [IFRS 3.B64-B66]
name and a description of the acquiree acquisition date percentage of voting equity interests acquired primary reasons for the business combination and a description of how the acquirer obtained control of the acquiree description of the factors that make up the goodwill recognised qualitative description of the factors that make up the goodwill recognised, such as expected synergies from combining operations, intangible assets that do not qualify for separate recognition acquisition-date fair value of the total consideration transferred and the acquisition-date fair value of each major class of consideration details of contingent consideration arrangements and indemnification assets details of acquired receivables the amounts recognised as of the acquisition date for each major class of assets acquired and liabilities assumed details of contingent liabilities recognised total amount of goodwill that is expected to be deductible for tax purposes details about any transactions that are recognised separately from the acquisition of assets and assumption of liabilities in the business combination information about a bargain purchase information about the measurement of non-controlling interests details about a business combination achieved in stages information about the acquiree's revenue and profit or loss information about a business combination whose acquisition date is after the end of the reporting period but before the financial statements are authorised for issue
Disclosure of information about adjustments of past business combinations
An acquirer is required to disclose information that enables users of its financial statements to evaluate the financial effects of adjustments recognised in the current reporting period that relate to business combinations that occurred in the period or previous reporting periods. [IFRS 3.61]
Among the disclosures required to meet the foregoing objective are the following: [IFRS 3.B67]
details when the initial accounting for a business combination is incomplete for particular assets, liabilities, non-controlling interests or items of consideration (and the amounts recognised in the financial statements for the business combination thus have been determined only provisionally) follow-up information on contingent consideration follow-up information about contingent liabilities recognised in a business combination a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period, with various details shown separately the amount and an explanation of any gain or loss recognised in the current reporting period that both:
relates to the identifiable assets acquired or liabilities assumed in a business combination that was effected in the current or previous reporting period, and is of such a size, nature or incidence that disclosure is relevant to understanding the combined entity's financial statements.
