case #3.PDF - AsiaCase.com the Asian Business Case Centre...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Asia Case .com the Asian Business Case Centre BIOSENSORS INTERNATIONAL GROUP: VALUATION AND IMPAIRMENT TESTING OF INTANGIBLES Patricia Tan Mui Siang and Jian Ming HBP No. NTU053 Publication No : ABCC-2014-009 Print Copy Version: 7 Jul 2014 Associate Professor Patricia Tan and Associate Professor Jian Ming prepared this case using published sources. As the case is not intended to illustrate either effective or ineffective practices or policies, the information presented refl ects the authors’ interpretation of events and serves merely to provide opportunities for classroom discussions. COPYRIGHT © 2014 Nanyang Technological University, Singapore. All rights reserved. No part of this publication may be copied, stored, transmitted, altered, reproduced or distributed in any form or medium whatsoever without the written consent of Nanyang Technological University. For copies, please write to The Asian Business Case Centre, Nanyang Business School, Nanyang Technological University, Nanyang Avenue, Singapore 639798 Phone: +65-6790-4864/5706, Fax: +65-6791-6207, E-mail: [email protected] Biosensors International Group (BIG), a biotechnology company listed in Singapore Exchan J W Medical Systems Ltd in 2011. This resulted in a signifi cant increase in reported goodw intangible assets. On 2 July 2012, Matthew Tay, an analyst with MMB Ltd (an equity resear in Singapore), sat staring at the balance sheets of BIG. The sum total of intangible assets constituted 62% of total assets compared to 4% the year before. He knew that the huge i due to the acquisition of JW Medical Systems in 2011. He wondered what these intangible goodwill represented, how they were accounted for and how they should be interpreted. This case study deals with the valuation and the impairment testing of intangibles (includ reported in the fi nancial statements of BIG, and describes the acquisition transaction and acquisition fi nancial position. This document is authorized for use only by Yilin Tan ([email protected]). Copying or posting is an infringement of copyright. Please contact [email protected] or  800-988-0886 for additional copies.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Page 2 ABCC-2014-009 Asia Case .com the Asian Business Case Centre On 2 July 2012, Matthew Tay, an analyst with MMB Ltd (an equity research company in Singapore), sat staring at the balance sheets of Biosensors International Group. The sum total of intangible assets and goodwill constituted 62% of total assets compared to 4% the year before. He knew that the huge increase was due to the acquisition of JW Medical Systems in 2011. He wondered what these intangible assets and goodwill represented, how they were accounted for and how they should be interpreted. BIOSENSORS INTERNATIONAL GROUP Biosensors International Group (BIG) was incorporated on 28 May 1998 and listed on the Singapore Stock Exchange Mainboard on 20 May 2005.
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern