This preview shows page 1. Sign up to view the full content.
Unformatted text preview: ied as
operating cash flows.
o) Intangible assets
Intangible assets acquired in a business combination
All intangible assets acquired in a business combination are initially measured at cost. The cost of an intangible asset
acquired in a business combination is its fair value as at the date of acquisition. All potential intangible assets are
identified and recognised separately from goodwill where they satisfy the definition of an intangible asset and their
fair value can be measured reliably. Following initial recognition, intangible assets are carried at cost less any
accumulated amortisation and any accumulated impairment losses. Internally generated intangible assets, excluding
capitalised developments costs, are not capitalised and expenditure is recognised as an expense in the period
The useful lives of intangible assets are assessed to be either finite or indefinite. Intangible assets with finite lives are
amortised over the useful life and assessed for impairment whenever there is an indication th...
View Full Document
This document was uploaded on 02/06/2014.
- Spring '14