Mfrs 3
MFRS 3
Malaysian Financial Reporting Standard 3
Business Combinations
This version includes amendments resulting from MFRSs with effective dates no later than 1 January 2012.
Amendments with an effective date later than 1 January 2012
MFRS 3 has been amended by:
MFRS 9 Financial Instruments*
(IFRS 9 Financial Instruments issued by IASB in November 2009)
MFRS 9 Financial Instruments*
(IFRS 9 Financial Instruments issued by IASB in October 2010)
MFRS 10 Consolidated Financial Statements*
MFRS 13 Fair Value Measurement*
Those amendments have an effective date after 1 January 2012 and are therefore not included in this edition.
*
effective date 1 January 2013
129
MFRS 3
CONTENTS paragraphs Preface
INTRODUCTION
IN1–IN13
MALAYSIAN FINANCIAL REPORTING STANDARD 3
BUSINESS COMBINATIONS
OBJECTIVE
1
SCOPE
2
IDENTIFYING A BUSINESS COMBINATION
3
THE ACQUISITION METHOD
4–53
Identifying the acquirer
6–7
Determining the acquisition date
8–9
Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree
10–31
Recognition principle
10–17
Recognition conditions
11–14
Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
15–17
Measurement principle
18–20
Exceptions to the recognition or measurement principles
21–31
Exception to the recognition principle
22–23
Contingent liabilities
22–23
Exceptions to both the recognition and measurement principles
Income taxes
24–28
24–25
Employee benefits
26
Indemnification assets
27–28
Exceptions to the measurement principle
29–31
Reacquired rights
29
Share-based payment transactions
30
Assets held for sale
31
Recognising and measuring goodwill or a gain from a bargain purchase Bargain purchases
130
32–40
34–36
©
IFRS Foundation
Malaysian Financial Reporting Standard 3
Business Combinations
This version includes amendments resulting from MFRSs with effective dates no later than 1 January 2012.
Amendments with an effective date later than 1 January 2012
MFRS 3 has been amended by:
MFRS 9 Financial Instruments*
(IFRS 9 Financial Instruments issued by IASB in November 2009)
MFRS 9 Financial Instruments*
(IFRS 9 Financial Instruments issued by IASB in October 2010)
MFRS 10 Consolidated Financial Statements*
MFRS 13 Fair Value Measurement*
Those amendments have an effective date after 1 January 2012 and are therefore not included in this edition.
*
effective date 1 January 2013
129
MFRS 3
CONTENTS paragraphs Preface
INTRODUCTION
IN1–IN13
MALAYSIAN FINANCIAL REPORTING STANDARD 3
BUSINESS COMBINATIONS
OBJECTIVE
1
SCOPE
2
IDENTIFYING A BUSINESS COMBINATION
3
THE ACQUISITION METHOD
4–53
Identifying the acquirer
6–7
Determining the acquisition date
8–9
Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree
10–31
Recognition principle
10–17
Recognition conditions
11–14
Classifying or designating identifiable assets acquired and liabilities assumed in a business combination
15–17
Measurement principle
18–20
Exceptions to the recognition or measurement principles
21–31
Exception to the recognition principle
22–23
Contingent liabilities
22–23
Exceptions to both the recognition and measurement principles
Income taxes
24–28
24–25
Employee benefits
26
Indemnification assets
27–28
Exceptions to the measurement principle
29–31
Reacquired rights
29
Share-based payment transactions
30
Assets held for sale
31
Recognising and measuring goodwill or a gain from a bargain purchase Bargain purchases
130
32–40
34–36
©
IFRS Foundation
References: MFRS 3 (IFRS 3 as revised by IASB in 2008) amended paragraphs 65, 81, 85 and 139; deleted paragraphs 91–95 and 138 and added 3 (IFRS 3 revised by IASB in 2008) for an earlier period, the amendments shall also be applied for that earlier period. C1 In accordance with MFRS 3 (IFRS 3 as revised by IASB in 2008),