Accounting policies and other information The goodwill balance in the separate financial
statements of Nam entertainment on 30 April 2021 is a result of when Nam entertainment acquired
a group of assets and liabilities from a competitor that met the definition of a business combination
in terms of IFRS 3 Business Combinations. Nam entertainment does not guarantee the creditors
of the subsidiary obtained. The group has never impaired goodwill as the recoverable amounts of
the both investments exceeded the carrying amounts in all years under consideration. All ordinary
and preference dividends were paid on 30 April 2021. No preference dividends were in arrears on
or since the acquisition date of Golden. Assume a normal tax rate of 28% for all financial years
under consideration and for all the companies in the Nam entertainment Group. Non-controlling
interests are accounted for at proportional share for all the companies in the Nam entertainment
Group. Broadcasting rights are accounted for as intangible assets in the Nam entertainment Group
and have never been impaired. The group accounts for intangible assets using the cost model in
terms of IAS 38 Intangible Assets. Investments in subsidiaries and associates are accounted for at
fair value through other comprehensive income in terms of IFRS 9 Financial Instruments in the
separate financial statements of Nam entertainment.
Accounting policies and other information The goodwill bala.pdf
1. Accounting policies and other information The goodwill balance in the separate financial
statements of Nam entertainment on 30 April 2021 is a result of when Nam entertainment acquired
a group of assets and liabilities from a competitor that met the definition of a business combination
in terms of IFRS 3 Business Combinations. Nam entertainment does not guarantee the creditors
of the subsidiary obtained. The group has never impaired goodwill as the recoverable amounts of
the both investments exceeded the carrying amounts in all years under consideration. All ordinary
and preference dividends were paid on 30 April 2021. No preference dividends were in arrears on
or since the acquisition date of Golden. Assume a normal tax rate of 28% for all financial years
under consideration and for all the companies in the Nam entertainment Group. Non-controlling
interests are accounted for at proportional share for all the companies in the Nam entertainment
Group. Broadcasting rights are accounted for as intangible assets in the Nam entertainment Group
and have never been impaired. The group accounts for intangible assets using the cost model in
terms of IAS 38 Intangible Assets. Investments in subsidiaries and associates are accounted for at
fair value through other comprehensive income in terms of IFRS 9 Financial Instruments in the
separate financial statements of Nam entertainment
