Commission Regulation (EC) No 495/2009 of 3 June 2009 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standard (IFRS) 3 (Text with EEA relevance) (revoked)

EU Regulation No 495/2009 · Adopted 3 June 2009 · Extends to United Kingdom

Contents

1. 1Article 1 Repealed
2. 2Article 2 Repealed
3. 3Article 3 Repealed
4. Signature
5. Annex Repealed
6. Division Repealed
7. INTERNATIONAL FINANCIAL REPORTING STANDARD 3Business Combinations Repealed
8. OBJECTIVE Repealed
9. 1The objective of this IFRS is to improve the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. To accomplish that, this IFRS establishes principles and requirements for how the acquirer: Repealed
10. SCOPE Repealed
11. 2This IFRS applies to a transaction or other event that meets the definition of a business combination. This IFRS does not apply to: Repealed
12. IDENTIFYING A BUSINESS COMBINATION Repealed
13. 3Division 3 Repealed
14. THE ACQUISITION METHOD Repealed
15. 4Division 4 Repealed
16. 5Applying the acquisition method requires: Repealed
17. Identifying the acquirer Repealed
18. 6Division 6 Repealed
19. 7Division 7 Repealed
20. Determining the acquisition date Repealed
21. 8Division 8 Repealed
22. 9Division 9 Repealed
23. Recognising and measuring the identifiable assets acquired, the liabilities assumed and any non-controlling interest in the acquiree Repealed
24. Recognition principle Repealed
25. 10Division 10 Repealed
26. Recognition conditions Repealed
27. 11Division 11 Repealed
28. 12Division 12 Repealed
29. 13Division 13 Repealed
30. 14Division 14 Repealed
31. Classifying or designating identifiable assets acquired and liabilities assumed in a business combination Repealed
32. 15Division 15 Repealed
33. 16In some situations, IFRSs provide for different accounting depending on how an entity classifies or designates a particular asset or liability. Examples of classifications or designations that the acquirer shall make on the basis of the pertinent conditions as they exist at the acquisition date include but are not limited to: Repealed
34. 17This IFRS provides two exceptions to the principle in paragraph 15: Repealed
35. Measurement principle Repealed
36. 18Division 18 Repealed
37. 19Division 19 Repealed
38. 20Division 20 Repealed
39. Exceptions to the recognition or measurement principles Repealed
40. 21This IFRS provides limited exceptions to its recognition and measurement principles. Paragraphs 22–31 specify both the particular items for which exceptions are provided and the nature of those exceptions. The acquirer shall account for those items by applying the requirements in paragraphs 22–31, which will result in some items being: Repealed
41. Exception to the recognition principle Repealed
42. Contingent liabilities Repealed
43. 22IAS 37 Provisions, Contingent Liabilities and Contingent Assets defines a contingent liability as: Repealed
44. 23Division 23 Repealed
45. Exceptions to both the recognition and measurement principles Repealed
46. Income taxes Repealed
47. 24Division 24 Repealed
48. 25Division 25 Repealed
49. Employee benefits Repealed
50. 26Division 26 Repealed
51. Indemnification assets Repealed
52. 27Division 27 Repealed
53. 28Division 28 Repealed
54. Exceptions to the measurement principle Repealed
55. Reacquired rights Repealed
56. 29Division 29 Repealed
57. Share-based payment awards Repealed
58. 30Division 30 Repealed
59. Assets held for sale Repealed
60. 31Division 31 Repealed
61. Recognising and measuring goodwill or a gain from a bargain purchase Repealed
62. 32The acquirer shall recognise goodwill as of the acquisition date measured as the excess of (a) over (b) below: Repealed
63. 33Division 33 Repealed
64. Bargain purchases Repealed
65. 34Division 34 Repealed
66. 35Division 35 Repealed
67. 36Before recognising a gain on a bargain purchase, the acquirer shall reassess whether it has correctly identified all of the assets acquired and all of the liabilities assumed and shall recognise any additional assets or liabilities that are identified in that review. The acquirer shall then review the procedures used to measure the amounts this IFRS requires to be recognised at the acquisition date for all of the following: Repealed
68. Consideration transferred Repealed
69. 37Division 37 Repealed
70. 38Division 38 Repealed
71. Contingent consideration Repealed
72. 39Division 39 Repealed
73. 40Division 40 Repealed
74. Additional guidance for applying the acquisition method to particular types of business combinations Repealed
75. A business combination achieved in stages Repealed
76. 41Division 41 Repealed
77. 42Division 42 Repealed
78. A business combination achieved without the transfer of consideration Repealed
79. 43An acquirer sometimes obtains control of an acquiree without transferring consideration. The acquisition method of accounting for a business combination applies to those combinations. Such circumstances include: Repealed
80. 44Division 44 Repealed
81. Measurement period Repealed
82. 45Division 45 Repealed
83. 46The measurement period is the period after the acquisition date during which the acquirer may adjust the provisional amounts recognised for a business combination. The measurement period provides the acquirer with a reasonable time to obtain the information necessary to identify and measure the following as of the acquisition date in accordance with the requirements of this IFRS: Repealed
84. 47Division 47 Repealed
85. 48Division 48 Repealed
86. 49Division 49 Repealed
87. 50Division 50 Repealed
88. Determining what is part of the business combination transaction Repealed
89. 51Division 51 Repealed
90. 52A transaction entered into by or on behalf of the acquirer or primarily for the benefit of the acquirer or the combined entity, rather than primarily for the benefit of the acquiree (or its former owners) before the combination, is likely to be a separate transaction. The following are examples of separate transactions that are not to be included in applying the acquisition method: Repealed
91. Acquisition-related costs Repealed
92. 53Division 53 Repealed
93. SUBSEQUENT MEASUREMENT AND ACCOUNTING Repealed
94. 54In general, an acquirer shall subsequently measure and account for assets acquired, liabilities assumed or incurred and equity instruments issued in a business combination in accordance with other applicable IFRSs for those items, depending on their nature. However, this IFRS provides guidance on subsequently measuring and accounting for the following assets acquired, liabilities assumed or incurred and equity instruments issued in a business combination: Repealed
95. Reacquired rights Repealed
96. 55Division 55 Repealed
97. Contingent liabilities Repealed
98. 56After initial recognition and until the liability is settled, cancelled or expires, the acquirer shall measure a contingent liability recognised in a business combination at the higher of: Repealed
99. Indemnification assets Repealed
100. 57Division 57 Repealed
101. Contingent consideration Repealed
102. 58Some changes in the fair value of contingent consideration that the acquirer recognises after the acquisition date may be the result of additional information that the acquirer obtained after that date about facts and circumstances that existed at the acquisition date. Such changes are measurement period adjustments in accordance with paragraphs 45–49. However, changes resulting from events after the acquisition date, such as meeting an earnings target, reaching a specified share price or reaching a milestone on a research and development project, are not measurement period adjustments. The acquirer shall account for changes in the fair value of contingent consideration that are not measurement period adjustments as follows: Repealed
103. DISCLOSURES Repealed
104. 59The acquirer shall disclose information that enables users of its financial statements to evaluate the nature and financial effect of a business combination that occurs either: Repealed
105. 60Division 60 Repealed
106. 61Division 61 Repealed
107. 62Division 62 Repealed
108. 63Division 63 Repealed
109. EFFECTIVE DATE AND TRANSITION Repealed
110. Effective date Repealed
111. 64Division 64 Repealed
112. Transition Repealed
113. 65Division 65 Repealed
114. 66Division 66 Repealed
115. Income taxes Repealed
116. 67Division 67 Repealed
117. WITHDRAWAL OF IFRS 3 (2004) Repealed
118. 68Division 68 Repealed
119. ADefined terms Repealed
120. BApplication guidance Repealed
121. CAmendments to other IFRSs Repealed