nized cost and revalued amounts for investments and intangible assets.5 The findings regarding revalued property, plant, and equipment (PPE) are less consistent. We find that revalued aggregate PPE is significantly positively associated with share prices for firms in all three industries.
2017-8-17 · plant, and equipm nt ... licensed, rented, or exchanged individually or in aggregate as part of a contract, ... Intangible assets that can be separated and sold (e.g. computer software ...
2021-7-3 · prepaid expenses) or physical substance (fixed assets such as equipment), intangible assets show several characteristics that are described in box 1. Intangible assets (intangibles) are long lived assets used in the production of goods and services. They lack physical properties and represent legal rights or competitive advantages (a bundle of rights) developed or acquired by an owner.
Purchase of intangible assets - (6) Purchase of property, plant and equipment (981) (2,326) Improvement on investment property (36) (32) Proceeds from disposal of property, plant and equipment 68 - Proceeds from disposals 3,989 of other financial assets 344 (Increase) / decrease of cash restricted In use over 3 months (2,800) 5,913
2020-12-31 · Amortisation of intangible assets 2,008 1,610 Impairment of intangible assets and goodwill 3,576 - Changes in fair value of investment properties 4,502 (2,128) Depreciation of property, plant and equipment 33,487 27,650 Equity-settled share-based payment transactions 1,617 1,399 Finance expenses 5,153 1,941
2018-3-12 · • A separate line on the entity''s Balance S heet must present the aggregate amount of intangible assets. PRESENTATION PAST EXPENSES NOT TO BE RECOGNIZED AS AN ASSET • Expenditure on an intangible item that was initially expensed cannot later be capitalized as part of the cost of the intangible asset. • SUBSEQUENT MEASUREMENT
2021-5-3 · Changes in assets and liabilities (35.7) 94.9 7.7 Net cash provided by operating activities $ 218.5 $ 400.4 $ 166.0 Cash flows from investing activities: Purchase of property, plant and equipment $ (77.0) $ (116.4) $ (132.3) Proceeds from sale of property, plant and equipment 0.2 4.8 — Deposits utilized (made) for purchase of property, plant ...
(The term intangible assets is used to refer to intangible assets other than goodwill.) ASC 350-30-35-1: The accounting for a recognized intangible asset is based on its useful life to the reporting entity. An intangible asset with a finite useful life shall be amortized; an intangible asset with an indefinite useful life shall not be amortized.
2019-6-24 · Intangible assets – IAS 38 30 Property, plant and equipment – IAS 16 31 Investment property – IAS 40 32 Impairment of assets – IAS 36 33 Lease accounting – IAS 17, IFRS 16 34 Inventories – IAS 2 35 Provisions and contingencies – IAS 37 36 Events after the reporting period and financial commitments – IAS 10 38
2021-5-11 · Impairment of intangible assets 286 0 - -286 Loss on sale of property, plant and equipment, net 16 0 -16 Audit, legal, consultancy and professional fees 402 617 …
the price system, 105.-Intangible assets, their nature, derivation, and basis, 111.-Summary of analysis of assets, 115.-Tangible and intangible assets distinct, but mutually convertible, 116.-Dependence of all assets on industrial production, 122.-Non-capitalizable income from assets, 125.-Place and function of the "Pecuniary Magnate," 126.-"
Step 1- A goodwill impairment loss is indicated when the fair value of the reporting unit is less than its book value. Step 2- A goodwill impairment loss is measured as the excess of the book value of the goodwill over its "implied" fair value. Note* The "implied" FV of goodwill is a residual amount measured by subtracting the FV of all ...
2001-4-1 · IFRS 6 has the effect of allowing entities adopting the standard for the first time to use accounting policies for exploration and evaluation assets that were applied before adopting IFRSs. It also modifies impairment testing of exploration and evaluation assets by introducing different impairment indicators and allowing the carrying amount to be tested at an aggregate level (not greater than ...
2019-3-7 · The gross carrying amounts and accumulated amortization in total and by major class of intangible assets, the aggregate amortization expense for the period, …
cost allocation for intangible assets. Service Life. the estimated use that the company expects to receive from the asset. Allocation base. the value of the usefulness that is expected to be consumed; the total amount of cost to be allocated over an asset''s service life. Allocation Method.
of the assessment of intangible assets, on the group''s financial statements. However, bp currently estimates that non- cash, pre-tax impairment charges against property, plant & equipment (PP&E) in the range of $8 billion to $11 billion, and write-offs of exploration intangibles in
Where the aggregate value of the assets exceeds the price paid for the business the difference is known as ''negative goodwill''. This is a credit entry in a company''s balance sheet.
Chapter 10 - Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition 10-64 Research Case 10-2 Requirement 1 The appropriate accounting treatment for asset retirement obligations is specified in FASB ASC 410-20 "Asset Retirement Obligations." Section 410-20-25 requires that an existing legal obligation associated with the retirement of a tangible, long-lived asset ...
2010-3-24 · 4Some intangible assets may be contained in or on a physical substance such as a compact disc (in the case of computer software), legal documentation (in the case of a licence or patent) or film. In determining whether an asset that incorporates both intangible and tangible elements should be treated under IAS 16 Property, Plant and Equipment or as an intangible asset under this Standard, an entity …
2020-3-20 · approximately $3.6 trillion in intangible assets in the U.S. nonfarm business sector in the period 2000-2003, compared with some $11 trillion in tangible plant and equipment. These estimates cover both corporate and noncorporate companies, although corporations accounted for …
2015-11-8 · 2015-11-08 17:09 ：92 ：36 ：546 、INCOME STATEMENT Aggregate income statement Operating Results FINANCIAL HIGHLIGHTS Gross revenues / Net revenues / Sales Turnover Cost of revenues Gross profit Gross margin Other income ...
2021-5-3 · ON Semiconductor Corporation (Nasdaq: ON) today announced results for the first quarter of 2021 with following highlights: Revenue of $1,481.7 million increased 16 percent year-over-year GAAP diluted earnings per share of $0.20 as compared to $(0.03) in the quarter a year ago Non-GAAP diluted earnings per share of $0.35 as compared to $0.10 in the quarter a year ago GAAP and non-GAAP …
item of property, plant and equipment. Thus, judgement is required in applying the recognition criteria to an entity''s specific circumstances. It may be appropriate to aggregate individually insignificant items, such as moulds, tools and dyes, and to apply the criteria to the aggregate value. AASB 138 Intangible Assets . An intangible asset is:
2020-3-15 · Property, plant and equipment is often abbreviated as PP&E. Sometimes, property, plant and equipment are referred to as ''fixed assets'' together with intangible assets. PP&E vs. inventory Significance of the PP&E vs. inventory distinction. In some cases, the distinction between PP&E and inventory is not clear cut.
2020-10-13 · Amortisation of intangible assets 7,740 8,062 Impairment of an associate 10,008 - Impairment of goodwill 11,688 22,146 Impairment of intangible assets 5,763 1,457 Impairment of property, plant and equipment 4,458 - Allowance on trade …
IAS 36 seeks to ensure that an entity''s assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use). With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and ...
2017-8-17 · intangible assets, the capitalization threshold is USD 100,000 for all UN secretariat reporting entities. If all of the above criteria are not met, the cost of the item should be fully expensed in ...
2021-4-20 · The aggregate annual amortization expense for other intangible assets subsequent to December 31, 2020 is as follows: Remaining 2021 $ 6,025,000 : 2022 ... stock-based compensation, goodwill, intangible assets, property, plant and equipment and accrued liabilities. These items along with the tax effects of net operating loss (NOL) and tax credit ...
Start studying Ch.11 Property, Plant, and Equipment and Intangible Assets: Utilization and Impairment. Learn vocabulary, terms, and more with flashcards, games, and other study tools.
Intangible assets with definite lives at December 31, 2011 and December 31, 2010 consisted primarily of value assigned to customer relationships. Intangible assets with definite lives are tested for impairment in accordance with ASC 360, Property, Plant and Equipment whenever certain conditions exist which would indicate the carrying amounts of ...
2019-6-24 · Assets – Property, plant and equipment; investment property; intangible assets; financial assets; investments accounted for using the equity method; biological assets; deferred tax assets; current tax assets; inventories; trade and other receivables; and cash and cash equivalents.
In 2019, the Group acquired intangible assets with an aggregate cost of S$18 million of which S$9 million was acquired by means of a swap of shares in Note D3(c). f. In 2019, changes in receivables included an amount of S$58 million of service concession receivables from the Sirajganj Unit 4 power projects which was recognised in accordance with SFRS(I) INT 12 Service Concession Arrangements accounting …
2021-3-24 · NOTE F27 Impairment of property, plant and equipment, intangible assets, and equity method investees NOTE F28 Inventories NOTE F29 Other receivables (current) NOTE F30 Assets held for sale NOTE F31 Equity NOTE F32 Non-controlling interests (continuing operations) NOTE F33 Share-based payments NOTE F34 Provisions
Balance sheet projections exercise. Imagine that we are tasked with building a 3-statement statement model for Apple. Based on analyst research and management guidance, we have completed the company''s income statement projections, including …
