1) How does Etisalat Company account for goodwill, other intangible assets? State the amounts of each intangible asset as it appears in the annual report for 2020. Support your answer by writhing the page number in annual report. 

2) Does Etisalat Company make any acquisitions during 2020? and how do these acquisitions affect the goodwill? Support your answer by writhing the page number in annual report.

3) From the annual report for the fiscal year 2020:

• Determine the total amount of non-controlling interest
• State in which statement it is disclosed and in which section.
• State the amount of controlling interest share and non-controlling interest share in Etisalat Company’s profit.
• State the amount of non-controlling interest share in Etisalat Company’s dividends.
• Etisalat company prepared its consolidated financial statements in accordance with the International Financial Reporting Standards (“IFRS”) as mentioned in its annual report. Assuming that it was not mentioned in the annual report that the company is following IFRS, can you provide evidence from annual report (related to course subjects studied) that indicate that the company is following IFRS?

Write your answer in the space provided in the following table:

Answer	Page(s) in Annual report
Total non-controlling interest
which statement it is disclosed and in which section?
- Controlling interest share - Non-controlling interest share in Etisalat Company profit
Non-controlling interest share in Etisalat Company dividends
Evidence from annual report (related to course subjects studied) that indicate that the company is following IFRS

4) Etisalat Company reported impairment losses for the impairment of goodwill and other intangible assets in its annual report for 2020. Referring to Etisalat's 2020 annual report, address the following:

1. State the amounts of impairment losses of goodwill and other intangible assets.

Which cash generating unit suffered an impairment loss of goodwill? 

2. What were the underlying business reasons that required Etisalat to record a goodwill impairment in 2020? 
3. How did Etisalat reflect the 2020 goodwill impairment in its income statement and cash flow statement?

Write your answer in the space provided in the following table:

Answer	Page(s) in Annual report
Amounts of impairment losses
cash generating unit suffered an impairment loss of goodwill
the underlying business reasons that required Etisalat to record a goodwill impairment
How did Etisalat reflect the 2020 goodwill impairment in its income statement and cash flow statement?

Answer rating: 100% (QA)

1 2 3 4 Answer Goodwill arising on consolidation represents the excess of the co... View the full answer