CERTYNEX IFRS ACADEMY

Velmor, a manufacturer of industrial pumps, carries out the following activities. Which ones are development under IAS 38?

Designing and testing a prototype of a substantially improved pump, before its commercial production.

Experiments to discover new properties of an alloy, with no specific application.

Applying the results of a study to the design of a new assembly process, before its commercial use.

Mass production of a pump model already on the market.

Work aimed at deepening the theoretical understanding of fluid flows.