CERTYNEX IFRS ACADEMY

Velmorat is preparing the note on its Operating licences class, made up of finite-life assets measured under the cost model. Which of these items must it include?

The fair value of each licence at the reporting date.

The line items of the statement of comprehensive income in which amortisation is included.

The reconciliation of the carrying amount at the beginning and end of the period.

The budget for licence acquisitions planned for the following year.

The amortisation methods used.