64
STAMFORD LAND CORPORATION LTD
Notes to Financial Statements
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’D)
(ii)
Basis of consolidation
Business combinations
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assumed. Any goodwill that arises is tested annually for impairment.
When the excess is negative, a bargain purchase gain is recognised immediately in profit or loss.
The consideration transferred does not include amounts related to the settlement of pre-existing
relationships. Such amounts are generally recognised in profit or loss.
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in the consideration transferred. If the contingent consideration that meets the definition of a financial
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profit or loss.
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measurement basis taken is elected on a transaction-by-transaction basis. All other NCI are measured
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that the Group incurs in connection with a business combination are expensed as incurred.
Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted
for as transactions with owners in their capacity as owners and therefore no adjustments are made
to goodwill and no gain or loss is recognised in profit or loss. Adjustments to NCI arising from
transactions that do not involve the loss of control are based on a proportionate amount of the net
assets of the subsidiary.
