Company: COOT
Filing Date: 2025-05-30
Form Type: 10-Q
Source: 0001641172-25-013065
Chunk: 8

Company: Australian Oilseeds Holdings Ltd
Filing Date: 2025-05-30
Form: 10-Q
Item: Item 8
Chunk 8
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 fair value less transaction costs, subsequently financial liabilities are measured
at amortised cost using the effective interest rate method.

The
financial liabilities of the Company comprise trade payables, bank and other loans, lease liabilities, and financial instruments.

Financial
instruments were reviewed at Quarter end and there were no material changes in their fair values noted between balance dates.

    8

(e)
Impairment of non-financial assets

At
the end of each reporting period the Company determines whether there is evidence of an impairment indicator for non-financial assets.

Where
an indicator exists and regardless of goodwill, indefinite life intangible assets and intangible assets not yet available for use, the
recoverable amount of the asset is estimated.

Where
assets do not operate independently of other assets, the recoverable amount of the relevant cash-generating unit (CGU) is estimated.

The
recoverable amount of an asset or CGU is the higher of the fair value, less costs of disposal and the value in use. Value in use is the
present value of the future cash flows expected to be derived from an asset or cash-generating unit.

Where
the recoverable amount is less than the carrying amount, an impairment loss is recognised in profit or loss.

Reversal
indicators are considered in subsequent periods for all assets which have suffered an impairment loss, except for goodwill.

(f)
Intangible assets

Goodwill

Goodwill
is carried at cost less accumulated impairment losses.

The
value of goodwill recognised on the acquisition of each subsidiary in which the Company holds less than 100% interest will depend on
the method adopted in measuring the aforementioned non-controlling interest. The Company can elect to measure the non-controlling interest
in the acquiree either at fair value (full goodwill method’) or at the non-controlling interest’s proportionate share of
the subsidiary’s identifiable net assets (proportionate interest method’). The Company determines which method to adopt for
each acquisition.

Under
the ‘full goodwill method’, the fair values of the non-controlling interests are determined using valuation techniques which
make the maximum use of market information where available.

Goodwill
on acquisitions of subsidiaries is included in intangible assets. Goodwill on acquisition of associates is included in investments in
associates. Goodwill is not amortised but is tested for impairment annually at the end of financial year and is allocated to the Company’s
cash generating units or groups of cash generating units, which represent the lowest level at which goodwill is monitored