GENERAL MEETING DRAFT - Bankier.pl

The acquisition date is the date on which the acquirer effectively obtains control of the acquiree. When
this is achieved through a single exchange transaction, the date of exchange coincides with the
acquisition date.
However, a business combination may involve more than one exchange transaction, for example when it
is achieved in stages by successive share purchases. When this occurs:
� the cost of the combination is the aggregate cost of the individual transactions; and
� the date of exchange is the date of each exchange transaction (i.e. the date that each individual
investment is recognised in the financial statements of the acquirer), whereas the acquisition date
is the date on which the acquirer obtains control of the acquiree.
The acquirer shall, at the acquisition date, allocate the cost of a business combination by recognising the
acquiree’s identifiable assets, liabilities and contingent liabilities that satisfy the recognition criteria.
The acquirer shall recognise the acquiree’s identifiable assets, liabilities and contingent liabilities
separately at the acquisition date only if they satisfy the following criteria at that date:
� in the case of an asset other than an intangible asset, it is probable that any associated future
economic benefits will flow to the acquirer, and its fair value can be measured reliably;
� in the case of a liability other than a contingent liability, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation, and its fair value can be
measured reliably;
� in the case of an intangible asset or a contingent liability, its fair value can be measured reliably.
Positive difference between the cost of the business combination and the acquirer’s interest in the net fair
value of the identifiable assets, liabilities and contingent liabilities so recognised is accounted for as
goodwill.
After initial recognition, goodwill is measured at cost and tested for impairment at least annually.
If the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities
exceeds the cost of the business combination, the acquirer shall reassess the fair values and recognise
immediately any excess remaining after that reassessment in profit or loss.
��������������
Derecognition is the removal of a previously recognised financial asset or financial liability from an entity’s
balance sheet.
Before evaluating whether, and to what extent, derecognition is appropriate, under IAS 39 an entity
should determine whether the relevant conditions apply to a financial asset in its entirety or to a part of a
financial asset. The standard is applied to a part of financial assets being transferred if, and only if, the
part being considered for derecognition meets one of the following conditions:
� the part comprises only specifically identified cash flows from a financial asset (or a group of
assets), e.g. interest cash flows from an asset;
� the part comprises a clearly identified percentage of the cash flows from a financial asset, e.g., a
90 per cent share of all cash flows from an asset;
� the part comprises only a fully proportionate (pro rata) share of specifically identified cash flow,
e.g. 90 per cent share of interest cash flows from an asset.
In all other cases, the standard is applied to the financial asset in its entirety (or to the group of similar
financial assets in their entirety).
2009 CONSOLIDATED REPORTS AND ACCOUNTS
216