Document ID: chunk:federal_register_of_legislation:F2023C00389:body:0:p46
Version: federal_register_of_legislation:F2023C00389
Segment Type: other
Provision Reference: 
Character Range: 122393–125411

acquired and liabilities assumed or incurred in a business combination include:
(a) AASB 138 prescribes the accounting for identifiable intangible assets acquired in a business combination. The acquirer measures goodwill at the amount recognised at the acquisition date less any accumulated impairment losses. AASB 136 Impairment of Assets prescribes the accounting for impairment losses.
(b) [deleted]
(c) AASB 112 prescribes the subsequent accounting for deferred tax assets (including unrecognised deferred tax assets) and liabilities acquired in a business combination.
(d) AASB 2 provides guidance on subsequent measurement and accounting for the portion of replacement share-based payment awards issued by an acquirer that is attributable to employees' future services.
(e) AASB 10 provides guidance on accounting for changes in a parent's ownership interest in a subsidiary after control is obtained.
          AusB63.1 Further to paragraph B63, for public sector entities, AASB 4 Insurance Contracts provides guidance on the subsequent accounting for insurance contracts acquired in a business combination.

Disclosures (application of paragraphs 59 and 61)
B64 To meet the objective in paragraph 59, the acquirer shall disclose the following information for each business combination that occurs during the reporting period:
(a) the name and a description of the acquiree.
(b) the acquisition date.
(c) the percentage of voting equity interests acquired.
(d) the primary reasons for the business combination and a description of how the acquirer obtained control of the acquiree.
(e) a qualitative description of the factors that make up the goodwill recognised, such as expected synergies from combining operations of the acquiree and the acquirer, intangible assets that do not qualify for separate recognition or other factors.
(f) the acquisition-date fair value of the total consideration transferred and the acquisition-date fair value of each major class of consideration, such as:
(i) cash;
(ii) other tangible or intangible assets, including a business or subsidiary of the acquirer;
(iii) liabilities incurred, for example, a liability for contingent consideration; and
(iv) equity interests of the acquirer, including the number of instruments or interests issued or issuable and the method of measuring the fair value of those instruments or interests.
(g) for contingent consideration arrangements and indemnification assets:
(i) the amount recognised as of the acquisition date;
(ii) a description of the arrangement and the basis for determining the amount of the payment; and
(iii) an estimate of the range of outcomes (undiscounted) or, if a range cannot be estimated, that fact and the reasons why a range cannot be estimated. If the maximum amount of the payment is unlimited, the acquirer shall disclose that fact.
(h) for acquired receivables:
(i) the fair value of the receivables;
(ii) the gross contractual amounts receivable; and
(iii) the best estimate at the acquisition date of the