Business Combinations-Avanti Communications plc

Extract Rating: 
4
Period End: 
30/6/12
Listing Status: 
AIM
ICB Industry Classification: 
6575 Mobile Telecommunications
Auditor: 
PricewaterhouseCoopers
Extract Commentary: 

Avanti Communications in line with IFRS 3 "Business Combinations" presents disclosures in respect of a business combination achieved without the transfer of consideration (para 43). The combination stems from Avanti receiving enhanced security in relation to loans to a third party. As no consideration is transferred the equity interests held by other parties represent a non-controlling interest (para 44). Extract from page 54 of the Avanti Communications 2012 Annual Report.

Business Combinations-Avanti Communications plc
Click on the image to enlarge
0
Your rating: None