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If not, the change in the useful life assessment from indefinite to finite is accounted for as a change in an accounting
estimate and is thus accounted for on a prospective basis.
Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net
disposal proceeds and the carrying amount of the asset and are recognised in profit or loss when the asset is
Goodwill acquired in a business combination is initially measured at cost, representing the excess of the cost of
acquisition over the net fair value of the identifiable assets, liabilities and contingent liabilities acquired. Goodwill is
recognised as an asset and not amortised, but tested for impairment annually and more frequently if there is an
indication that the carrying amount may be impaired.
For the purpose of impairment testing, goodwill acquired in a business combination is, from the acquisition date,
allocated to each of the Group's cash-generating units, or groups of cash-generating uni...
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- Spring '14
- Wellcom Group, Wellcom Group Limited