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Depends on probability – gteater than 50%, calculate probable amount and include it. Only possible, exclude – and amend calculations when probability resolved
Mike is this treatment (from 2010) still valid?
If the deemed probable consideration turns out to be different is goodwill recalculated?
Whooah! I hadn’t spotted that this was so old even though you actually spelled it out for me :-(((
Contingent consideration IS included as a liability in the calculation of goodwill as at date of acquisition.
If / when the contingency becomes more clear / probable and there is a better idea of the value of the liability (if any) there is no recalculation of the goodwill. Any adjustment goes through statement of profit or loss
OK?
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