AngelAngel is an entity that regularly purchases new subsidiaries. On 30 June 2018, the entity acquired all theequity shares of Prospects for a cash payment of $260 million. The net assets of Prospects on 30 June 2018were $180 million and no fair value adjustments were necessary upon consolidation of Prospects for the firsttime.On 31 December 2018, Angel carried out a review of the goodwill on consolidation of Prospects forevidence of impairment. The review was carried out despite the fact that there were no obvious indicationsof adverse trading conditions for Prospects. The review involved allocating the net asset of Prospects intothree cash-generating units and computing the value in use of each unit. The carrying values of theindividual units before any impairment adjustments are given below.Unit AUnit BUnit C$ million$ million$ millionPatents5– –Property, plant and equipment
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Balance Sheet,Generally Accepted Accounting Principles,$ million,$180 million,$260 million