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A new research project which the subsidiary has correctly expensed to profit or loss but the directors of the parent have reliably assessed to have a substantial fair value
This has been treated as an intangibles,but what is the reason of doing so since it is a research expenses,and on general sense research project expenses are not intangibles,but written as expenses.
Hi,
On consolidation all assets and liabilities are measured at fair value under IFRS 3, so if the fair value of the research can be evaluated then it can be capitalised in the group accounts. It still cannot be capitalised in the individual financial statements per IAS 38.
Thanks
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