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Hi
In terms of the disposal of a sub how do i derecognize the goodwill?? In terms of the cash flow statement do I treat it like an impairment of goodwill?
Hi,
The goodwill is removed to be replaced by the proceeds and group gain/loss on disposal.
The goodwill isn’t treated like an impairment, as it is dealt with as part of the group profit/loss on disposal non-cash item (operating activities), and the net cash inflow for the cash received net of cash leaving with the sub (investing activities).
Thanks
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