This appendix is an integral part of the IFRS.
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"active market" |
A market in which transactions for the asset or liability take place with sufficient frequency and volume to provide pricing information on an ongoing basis. |
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"cost approach" |
A valuation technique that reflects the amount that would be required currently to replace the service capacity of an asset (often referred to as current replacement cost). |
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"entry price" |
The price paid to acquire an asset or received to assume a liability in an exchange transaction. |
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"exit price" |
The price that would be received to sell an asset or paid to transfer a liability. |
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"expected cash flow" |
The probability-weighted average (ie mean of the distribution) of possible future cash flows. |
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"fair value" |
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. |
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"highest and best use" |
The use of a non-financial as |