CERTYNEX IFRS ACADEMY

Over the years, Mirabel has built its own customer list, which it could rent to business partners, as is common practice in its industry. The finance director argues that, since the list is identifiable, it must be recognised as an intangible asset. What conclusion should be drawn?

The list is not identifiable, because Mirabel has never rented it out.

The list is identifiable and must be recognised, because it could be rented out.

The list is identifiable, but an internally generated customer list is not recognised as an intangible asset.

The list is identifiable only if a contract protects the data it contains.