On 1 July, Alpe SA acquires 100% of Dune SA for 2,150,000. Dune's identifiable net assets, measured under IFRS 3, are 2,600,000. Case assumption: after checking the identification of all assets and liabilities and reviewing their measurement, the excess remains; there is no non-controlling interest or previously held interest. Calculate the gain on a bargain purchase recognised in profit or loss.
- Consideration transferred
- 2,150,000
- Dune's identifiable net assets
- 2,600,000