quiktrak announcement, page-21

Blaster...if you are interested....Quiktark owns patents for all of its products.

what do you think formed part of the IP valuation????

Definition of identifiable intangible assets for AIFRS purposes
An identifiable intangible asset is defined by AASB 138 as an identifiable non-monetary asset
without physical substance. These assets are to be distinguished from goodwill.
Intangible assets acquired as part of a business combination are recognised at fair value
(which is usually the value of the consideration paid in an arm’s length transaction) (“Fair
Value”).
• An identifiable intangible asset can only be recognised if:
• it is probable future economic benefits that are attributable to the asset will flow to the
entity. This usually means that:
? the entity has control of the asset; and
? the asset is:
(i) protected (or capable of protection) to retain its value; and
(ii) enduring in nature, so that it may be properly regarded as a capital
asset;
• the cost of the asset can be reliably measured - that is, the initial measurement must
be at cost; or
• arises from contractual or other legal rights, regardless of whether those rights are
transferable or separable from the entity or from other rights and obligations.