[abcefg1234]

Seems like you are the only person in this whole thread with the same exam as me.

Goodwill –
This was ok just did the translations, I reckon some of the rates I got wrong..
Did u get 24m USD for goodwill?
It was strange the HR was 1:1 for dinar : usd so it basically stayed the same, did u find the same? (For GW) then assets translated at CR.
Btw did u alsonthrow a lot of definitions in there…I put a lot like control definition and IFRS3 etc presentation currency IAS 21 etc

TCI for NCI (9 marks)

My worst question I probably got 1-2 mark here from definitions if I’m lucky
But I moved on pretty quick once i got stuck because from experience I knew what would happen if I tried figuring it out any longer beyond the 9×1.8 mins

EPS-
What did u say in the eps question? I just defined eps and diluted eps and talked about share based payments could increase the denominator in the eps formula and thus impact diluted eps because of the “potentially outstanding shares”
I also said investors see diluted eps as “worst case” and I said basic eps wouldnt be impacted

IFRS13-
Question with Alternate Co, I mentioned like u the fv hierarchy but because question specifically mentioned business model and financial assets I talked about the ifrs9 business model thingy
Like held to collect only is amortised cost and held to collect and sell is fvtoci etc
Did u say similar thing?

SBP-
The calculation question was equity settled right? I got caught off guard by the “cash settled” tax liability part…but if the whole calc was cash settled it would’ve been SARs that were issued to employees not share options no?
For the calc I did the usual formula with the expense being the balancing figure but I messed up something with the vesting period elapsed

Sale of trademark-
Did usay IAS 10 events after the reporting period?
There was a court case that was settled right, did u say adjusting event? I.e they had to adjust financial statement

Internet domain name-
I said the obvious IAS38 intangible assets etc
I said also they made the right choice not to capitalise cost because internet domain name is not internally generated intangible asset and even then it would not be r&d and even then only the development phase expenditure can be capitalised IF the PIRATE thingy applies
What were your thoughts?

SBP- purchase raw cotton
I think ur right …it was IFRS 2 equity settled…
I think I got this wrong..
I said IFRS9 …I thought it was a futures contract because the entity was a manufacturer and raw cotton is a commodity asset…sigh.

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