GENERAL MEETING DRAFT - Bankier.pl

Goodwill is recognised at cost less any cumulative impairment losses and is not amortised.
Goodwill is impairment tested annually, as for other intangible assets with an indefinite useful life. To this
end it is allocated to the Group’s business areas identified as the Cash Generating Units (CGUs).
Goodwill is monitored by the CGUs at the lowest level in line with its business model.
Impairment losses on goodwill are recognised in profit and loss item 260 “Impairment losses on goodwill”.
In respect of goodwill, no write-backs are allowed.
Please see Section B 13.3 Intangible Assets – Further Information below for further information on
intangibles, goodwill, the CGUs and impairment testing for these.
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Non-current assets and the group of associated liabilities (i.e. a group of units generating financial cash
flow) whose sale is highly probable, are recognised in item 150 “Non-current assets and disposal groups
held for sale” and item 90 “Liabilities associated with held-for-sale assets” respectively at the lesser of the
carrying amount and fair value net of disposal costs.
The balance of revenue and expense relating to discontinued assets and liabilities (dividends, interest,
etc.) and of their measurement as determined above, net of current and deferred tax, is recognised in the
item 310 “Gains (losses) on groups of assets held for sale net of tax”.
The revaluation reserves relating to Non-current assets held for sale, which are recorded as a contra item
to changes in value relevant for this purpose (see A.1 – General, Section 2 General Principles), are
reported separately in the Statement of Comprehensive Income.
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Income tax, calculated in accordance with local tax regulations, is recognised as a cost in relation to the
taxable profit for the same period.
A deferred tax asset (item 140 b) is recognised for all deductible temporary differences to the extent that it
is probable that in the future taxable profit will be available against which the asset can be utilised, unless
it arises from the initial recognition of an asset or a liability in a transaction which:
� is not a business combination; and
� at the time of the transaction, affects neither accounting profit nor taxable profit (tax loss).
A deferred tax liability is recognised for all taxable temporary differences, unless the deferred tax liability arises from:
� the initial recognition of goodwill; or
� the initial recognition of an asset or liability in a transaction which:
o is not a business combination; and
o at the time of the transaction, affects neither accounting profit nor taxable profit (tax
loss).
2009 CONSOLIDATED REPORTS AND ACCOUNTS
210