CERTYNEX IFRS ACADEMY

Ondéa, a broadcaster, measures its class of broadcasting licences using the revaluation model. It acquires a new licence in the same class, traded on an active market. How is this licence measured after initial recognition?

At cost until the end of its first year, then as Ondéa chooses.

Using the revaluation model, like the other licences in the class.

Using the model of its choice, each acquisition giving rise to a new choice.

At cost, unless its fair value rises above its acquisition cost.