Batch #12 of extracts from the ESMA database of IFRS decisions

Published on: 11 Oct 2012

The European Securities and Markets Authority (ESMA) has published the twelfth batch of extracts from its confidential database of enforcement decisions taken by European national enforcers.

Topics covered in the latest batch of extracts, twelfth in the series, include:

Standard	Topic
IAS 38 Intangible Assets	Capitalisation of intangible assets — recognition of a 'candidate database' intangible asset related to identifying and recruiting candidates
IAS 27 Consolidated and Separate Financial Statements	Control over a subsidiary — more than one entity controlling a subsidiary
IAS 40 Investment Property and IAS 1 Presentation of Financial Statements	Fair value of investment property: Disclosure — description and disclosures related to the methods and significant assumptions applied in determining the fair value of investment properties,
IAS 18 Revenue	Revenue recognition — transfer of land to a housing cooperative
IFRS 8 Operating Segments	Identification of chief operating decision maker (CODM) and one operating segment — identifying the entire board of directors as the CODM and only one operating segment for an overall business
IAS 36 Impairment of Assets	Discount rate used in determining value in use — treatment of cash flows denominated in a foreign currency, determination of market risk premium, use of beta, calculation of the cost of debt, determination of the debt/equity ratio and the determination of a discount rate for each CGU.
IAS 36 Impairment of Assets	Reasonable changes in estimates — disclosure of the sensitivity to key assumptions used in the impairment test of goodwill
IAS 36 Impairment of Assets	Impairment testing of goodwill — justification of the assumptions used based on reasonable and supportable assumptions, cash flow projections used by the issuer taking into account investments in working capital or in operating assets to maintain the cash-generating units (CGUs) in their current condition
IAS 36 Impairment of Assets	Disclosure of cash-generating units — confidentiality not a valid reason for not disclosing the carrying amounts of goodwill and intangible assets with indefinite useful life by CGU