IFRS 3Chapter 6Lesson 2
The other exceptions: indemnification, leases, reacquired rights, shares and more
Step 1 of 6Learning objectives
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Several items acquired follow their own rule: the indemnification asset is measured like the item indemnified, employee benefits fall under IAS 19, leases under IFRS 16, reacquired rights use a contractual term, share awards fall under IFRS 2, assets held for sale under IFRS 5 and insurance contracts under IFRS 17.
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Learning objectives
- Calculate and record an indemnification asset, with its contractual cap.
- Identify the standard that governs each measurement exception.
- Apply the calculations for the lease liability, the reacquired right and the replacement award.