IFRS Treatment on additional Acquisition

[Former Member]

Dear Experts,

Below is my scenario;

Company "A" acquired 80% share of Company "B" in the year of 2013. All the adjustments like Goodwill, Minority Interest are calculated with full consolidation method. In 2014 there is no change in the ownership. In the year of 2015 Company "A" acquired additional 8%  in Company "B". As per IFRS standard, do we need calculate goodwill again for the additional 8% ?

Please clarify.

Regards,

Raja

[former_member225135]

Hi Raja,

As per IFRS, The acquirer shall re-measure its previously held equity interest in the acquiree at its acquisition-date fair value. IFRS doesn't says about anything on additional acquisition as in your case.

Regards,

Rahul