International GAAP 2021

Chapter 10Business combinations under common control

• 1 INTRODUCTION
  • 1.1 Common control transactions
  • 1.2 Group reorganisations
  • 1.3 Scope of this chapter
• 2 THE IFRS 3 SCOPE EXCLUSION
  • 2.1 Business combinations under common control
    • 2.1.1 Common control by an individual or group of individuals
    • 2.1.2 Transitory control
• 3 ACCOUNTING FOR BUSINESS COMBINATIONS INVOLVING ENTITIES OR BUSINESSES UNDER COMMON CONTROL
  • 3.1 Pooling of interests method or acquisition method
  • 3.2 Application of the acquisition method under IFRS 3
  • 3.3 Application of the pooling of interests method
    • 3.3.1 General requirements
    • 3.3.2 Carrying amounts of assets and liabilities
    • 3.3.3 Restatement of financial information for periods prior to the date of the combination
    • 3.3.4 Equity reserves and history of assets and liabilities carried over
    • 3.3.5 Acquisition of non-controlling interest as part of a business combination under common control
• 4 ACCOUNTING FOR TRANSACTIONS UNDER COMMON CONTROL (OR OWNERSHIP) INVOLVING A NEWCO
  • 4.1 Introduction
  • 4.2 Setting up a new top holding company
    • 4.2.1 Setting up a new top holding company: transactions effected through issuing equity interests
    • 4.2.2 Setting up a new top holding company: transactions involving consideration other than equity interests
  • 4.3 Inserting a new intermediate parent within an existing group
  • 4.4 Transferring businesses outside an existing group using a Newco
• 5 ACCOUNTING FOR TRANSFERS OF ASSOCIATES OR JOINT VENTURES UNDER COMMON CONTROL
• 6 FUTURE ...