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Sir,for contingent liabilities in business combination which measured at FV at the acquisition date, will the subsequent change in FV is recognised in Group’s RE or Subsidiary Co’s RE and share between parent Co ‘s owner and NCI and why?
Thank you.
For goodwill – apply IFRS 3 – recognise at FV
At SFP date – apply IAS 37 – disclose not recognise
So there will be a post acquistion gain sometimesWhy? Accounting standards are not consistent.
So that means after the acquisition date, the contingent liabilities will be derecognised and only disclosed it in the notes?
Thank you.
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