Impairment of non-deductible goodwill Goodwill of £10 million (not tax-deductible) arose on a business combination in 2006. In accordance with…
Depreciation of non-deductible PP& During the year ended 31 March 2014 an entity acquires an item of PP& for €1…
Tax deduction for land An entity that pays tax at 35% acquires land with a fair value of €5 million.…
Asset non-deductible at date of acquisition later becomes deductible During the year ended 31 March 2014 an entity acquired an…
Compound financial instrument An entity issues a zero-coupon convertible loan of €1,000,000 on 1 January 2014 repayable at par on…
Acquired subsidiary accounted for as asset purchase An entity (P) acquires a subsidiary (S), whose only asset is a property,…
Temporary differences associated with subsidiaries, branches, associates and joint arrangements On 1 January 2013 entity H acquired 100% of the…
BP p.l.c. (2011) Notes on financial statements [extract] 1 Significant accounting policies [extract] Customs duties and sales taxes Revenues, expenses…
Calculation of deferred tax depending on method of realisation of asset A building, which is fully tax-deductible, originally cost €1…
Applying IFRIC 15 to commercial real estate An entity buys a plot of land for the construction of commercial real…