PPE Fair value after acquisition

All topics related to IFRS Standards.
Post Reply
Njabulo
Posts: 8
Joined: 11 Aug 2020, 10:49

PPE Fair value after acquisition

Post by Njabulo »

Hi everyone,

If the assets acquired from the subsidiary were fair valued, what happens to the fair valued assets after acquisition at the Group level? what value do i reflect these assets at? Sub values or group fair values after acquisition?

Note: the accounting policy of PPE is at cost
JRSB
Trusted Expert
Posts: 1308
Joined: 01 Mar 2020, 01:10
Location: UK

Re: PPE Fair value after acquisition

Post by JRSB »

Do you mean 'assets acquired by the subsidiary'? If the group accounting policy is cost then present at cost... basically reverse the FV adjustments at group level.
User avatar
Marek Muc
Site Admin
Posts: 3226
Joined: 15 Oct 2018, 17:21
Contact:

Re: PPE Fair value after acquisition

Post by Marek Muc »

or maybe with the subsidiary, i.e. through business combination?
or just a parent (or other group entity) acquires a single asset from another group entity?
JRSB
Trusted Expert
Posts: 1308
Joined: 01 Mar 2020, 01:10
Location: UK

Re: PPE Fair value after acquisition

Post by JRSB »

a small word makes a big difference!
Post Reply