IFRS Reacquired Rights – Financial Reporting Advisory, LLC

IFRS Part 4.2 Reacquired Rights Exception

Reacquired Rights

In a business combination, the acquirer may reacquire a right it had previously granted the acquiree to use the acquirer’s asset. Such a reacquired right is an identifiable asset recognized separately, irrespective of whether the underlying asset was previously capitalized in the acquirer’s financial statements. For example the acquirer may have previously granted the acquiree the right to use its trade name or a license to use its technology. The business combination then results in the acquirer reacquiring this right, even if it continues in legal existence and will be used in the acquiree’s business in the future

Would you like to complete this exception?

Yes

If you are human, leave this field blank.