International Accounting Standard (IAS) 22 (revised 1998) «Business combinations»

Published:  Official Journal of the European Union (L 261/184, Volume 46, 13 October 2003)
 
INTERNATIONAL ACCOUNTING STANDARD (IAS) 22
(REVISED 1998)
Business combinations

См. документ на русском языке

IAS 22, accounting for business combinations, was approved in November 1983.

In December 1993, IAS 22 was revised as part of the project on comparability and improvements of financial statements. It became IAS 22, business combinations (IAS 22 (revised 1993)).

In October 1996, paragraphs 39(i) and 69 of IAS 22 (i.e. paragraphs 39(i) and 85 of this Standard), were revised to be consistent with IAS 12 (revised 1996), income taxes. The revisions became operative for annual financial statements covering periods beginning on or after 1 January 1998.

In July 1998, various paragraphs of IAS 22 were revised to be consistent with IAS 36, impairment of assets, IAS 37, provisions, contingent liabilities and contingent assets, and IAS 38, intangible assets, and the treatment of negative goodwill was also revised. The revised Standard (IAS 22 (revised 1998)) became operative for annual financial statements covering periods beginning on or after 1 July 1999.

In October 1998, the IAS С staff published separately a 'Basis for conclusions for IAS 38, intangible assets and IAS 22 (revised 1998)'. The portion of the Basis for conclusions that refers to the revisions made to IAS 22 in 1998 is included as Appendix A.

In 1999, paragraph 97 was amended to replace references to IAS 10, contingencies and events occurring after the balance sheet date, by references to IAS 10 (revised 1999), events after the balance sheet date. In addition, paragraphs 30 and 31(c) were amended to be consistent with IAS 10 (revised 1999). The amended text became effective for annual financial statements covering periods beginning on or after 1 January 2000.

The following SIC Interpretations relate to IAS 22:

—      SIC-9: business combinations — classification either as acquisitions or unitings of interests,

—      SIC-22: business combinations — subsequent adjustment of fair values and goodwill initially reported,

—      SIC-28: business combinations — 'date of exchange' and fair value of equity instruments.

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