CERTYNEX IFRS ACADEMY

Cerdane group holds two classes of intangible assets: industrial patents, for which there is no active market, and taxi licences, traded on an active market. The CFO wishes to move to the revaluation model for all its intangible assets. Which analysis is correct?

All the group's intangible assets may be revalued, on the basis of internal appraisals.

The taxi licence class may be revalued; the patents remain measured at cost.

Only licences whose market value exceeds cost may be revalued.

No revaluation is possible as long as one class has no active market.