Company: CHNR
Filing Date: 2025-01-27
Form Type: POS AM
Source: 0001079973-25-000143
Chunk: 208

Company: CHINA NATURAL RESOURCES INC
Filing Date: 2025-01-27
Form: POS AM
Chunk 208
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 accounted for using
the acquisition method. The consideration transferred is measured at the acquisition date fair value which is the sum of the acquisition
date fair values of assets transferred by the Group, liabilities assumed by the Group to the former owner of the acquiree and the equity
interests issued by the Group in exchange for control of the acquiree. For each business combination, the Group elects whether to measure
the non-controlling interests in the acquiree at fair value or at the proportionate share of the acquiree’s identifiable net assets.
All other components of non-controlling interests are measured at fair value. Acquisition-related costs are expensed as incurred.

The Group determines that it has acquired
a business when the acquired set of activities and assets includes an input and a substantive process that together significantly contribute
to the ability to create outputs.

When the Group acquires a business, it assesses
the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms,
economic circumstances and pertinent conditions as of the acquisition date. This includes the separation of embedded derivatives in host
contracts of the acquiree.

If the business combination is achieved in
stages, the previously held equity interest is remeasured at its acquisition date fair value and any resulting gain or loss is recognized
in profit or loss.

Any contingent consideration to be transferred
by the acquirer is recognized at fair value at the acquisition date. Contingent consideration classified as an asset or liability is measured
at fair value with changes in fair value recognized in profit or loss. If the contingent consideration is not within the scope of IFRS
9, it is measured in accordance with the appropriate IFRSs. Contingent consideration that is classified as equity is not remeasured and
subsequent settlement is accounted for within equity.

Goodwill is initially measured at cost, being
the excess of the aggregate of the consideration transferred, the amount recognized for non-controlling interests and any fair value of
the Group’s previously held equity interests in the acquiree over the identifiable assets acquired and liabilities assumed. If the
sum of this consideration and other items is lower than the fair value of the net assets of the subsidiary acquired, the difference is,
after reassessment, recognized in profit or loss as a gain on bargain purchase.

After initial recognition, goodwill is measured
at cost less any accumulated impairment losses. Goodwill is tested for impairment annually or more frequently if events or changes in
circumstances indicate that the carrying value may be impaired. The