Specific disclosures for each combination

Learning objectives

• Identify the primary reasons for the business combination and the pro forma information among the required disclosures.L2, L3, L4

Normative references

• IFRS 3 §B64The disclosures required for each business combination in the period are in para. B64 (with B65 for individually immaterial combinations considered collectively and B66 for those after the end of the reporting period); among them are the primary reasons for the business combination and how control was obtained (B64(d), which the 2024 Exposure Draft proposes to supplement), and the revenue and profit or loss of the combined entity as though the acquisition date for all business combinations in the period had been the beginning of the period (B64(q)(ii)). The amendments made by IFRS 18 (para. 64R) change, in the current text, only the title of IAS 8 cited in B64(q).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

2 questions

• Among the disclosures on the period's business combinations, which one corresponds to the pro forma information provided for?L3
• The IASB's March 2024 exposure draft on business combinations is a standard in force that already requires acquirers to disclose the strategic rationale of business combinations.L3