legal rights such as copyrights, a restraint of trade agreement (where permitted)or by a legal duty on employees to maintain confidentiality.15 An entity may have a team of skilled staff and may be able to identifyincremental staff skills leading to future economic benefits from training. Theentity may also expect that the staff will continue to make their skills availableto the entity. However, an entity usually has insufficient control over theexpected future economic benefits arising from a team of skilled staff and fromtraining for these items to meet the definition of an intangible asset. For asimilar reason, specific management or technical talent is unlikely to meet thedefinition of an intangible asset, unless it is protected by legal rights to use itand to obtain the future economic benefits expected from it, and it also meetsthe other parts of the definition.16 An entity may have a portfolio of customers or a market share and expect that,because of its efforts in building customer relationships and loyalty, thecustomers will continue to trade with the entity. However, in the absence oflegal rights to protect, or other ways to control, the relationships withcustomers or the loyalty of the customers to the entity, the entity usually hasinsufficient control over the expected economic benefits from customerrelationships and loyalty for such items (eg portfolio of customers, marketshares, customer relationships and customer loyalty) to meet the definition ofintangible assets. In the absence of legal rights to protect customerrelationships, exchange transactions for the same or similar non-contractualcustomer relationships (other than as part of a business combination) provideevidence that the entity is nonetheless able to control the expected futureeconomic benefits flowing from the customer relationships. Because suchexchange transactions also provide evidence that the customer relationships areseparable, those customer relationships meet the definition of an intangibleasset.Future economic benefits17 The future economic benefits flowing from an intangible asset may includerevenue from the sale of products or services, cost savings, or other benefitsresulting from the use of the asset by the entity. For example, the use ofintellectual property in a production process may reduce future productioncosts rather than increase future revenues.Recognition and measurement18 The recognition of an item as an intangible asset requires an entity todemonstrate that the item meets:(a) the definition of an intangible asset (see paragraphs 8–17); and(b) the recognition criteria (see paragraphs 21–23).This requirement applies to costs incurred initially to acquire or internallygenerate an intangible asset and those incurred subsequently to add to, replacepart of, or service it.
đang được dịch, vui lòng đợi..
