Publicly quoted companies in Italy. Consolidated Balance Sheet
2005 – application of International Accounting Standards
– I.A.S. no. 36 and 38.
Since 2005, International Accounting Standards must be
applied in Italy when preparing the Consolidated Balance Sheets
of publicly quoted companies. In this context, we wish to recall
the important issue relating to determination of the "fair
value of intangible assets" – I.A.S.no.38 – which
include trademarks and patents.
In particular, trademarks which have not been generated internally
(that is, those acquired separately or through extraordinary operations
such as mergers, grants, acquisitions of companies or divisions
thereof) and having an undefined life cycle can be revaluated
or depreciated (Impairment test – I.A.S no.36) to integrate
the value of the balance sheet to reflect the market value or
value in use.
In the ambit of its institutional aims, Barzanò & Zanardo
has established a specialized team, with specific legal, technical,
fiscal and auditing expertise, which has acquired considerable
experience in this area of evaluation and has been recognised
and appreciated by Italian and foreign companies and groups.
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