Document ID: chunk:federal_register_of_legislation:F2025C00209:front:0:p34
Version: federal_register_of_legislation:F2025C00209
Segment Type: other
Provision Reference: 
Character Range: 101669–105091

in paragraph 139.) [Based on IFRS for SMEs Standard paragraph 18.29]
      2.                  If items of intangible assets are stated at revalued amounts, an entity shall disclose the following:
          (a) the effective date of the revaluation;

          (b) whether an independent valuer was involved;

          (c) the methods and significant assumptions applied in estimating the items' fair values; and

          (d) the revaluation surplus, indicating the change for the period and any restrictions on the distribution of the balance to shareholders.

      1.                  An entity shall also disclose for an intangible asset assessed as having an indefinite useful life, the carrying amount of that asset and the reasons supporting the assessment of an indefinite useful life. In giving these reasons, the entity shall describe the factor(s) that played a significant role in determining that the asset has an indefinite useful life.

Business Combinations and Goodwill[18]

For business combination(s) during the reporting period
      1.                  For each business combination during the period, the acquirer shall disclose the following:
           1.                    the names and descriptions of the combining entities or businesses;
           2.                    the acquisition date;
           3.                    the percentage of voting equity instruments acquired;
           4.                    the cost of the combination and a description of the components of that cost (such as cash, equity instruments and debt instruments);
           5.                    the amounts recognised at the acquisition date for each class of the acquiree's assets, liabilities and contingent liabilities, including goodwill;
           6.                     the amount of any excess recognised in profit or loss in accordance with paragraph 34 of AASB 3 Business Combinations and the line item in the statement of comprehensive income (and in the statement of profit or loss, if presented) in which the excess is recognised;
           7.                    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, or intangible assets or other items not recognised in accordance with paragraphs 10–14 of AASB 3; and
           8.                    for each business combination in which the acquirer holds less than 100 per cent of the equity interests in the acquiree at the acquisition date, the acquirer shall disclose the amount of the non-controlling interest in the acquiree recognised at the acquisition date and the measurement basis for that amount.
          [Based on IFRS for SMEs Standard paragraph 19.25]

For all business combinations
      1.                  An acquirer shall disclose a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period, showing separately:
           1.                    changes arising from new business combinations;
           2.                    impairment losses;
           3.                    disposals of previously acquired businesses; and
           4.                    other changes.
     This reconciliation need not be presented for prior periods. [Based on IFRS for SMEs Standard paragraph 19.26]

Leases[19]
      1.                  A lessee shall make the following