BC16 [Deleted]

BC16A The Board observed that in a business combination both criteria, the probability criterion and the reliability of measurement criterion, will always be met.

Probability recognition criterion

BC17 In revising IAS 38, the Board observed that the fair value of an intangible asset reflects market expectations about the probability that the future economic benefits associated with the intangible asset will flow to the acquirer. In other words, the effect of probability is reflected in the fair value measurement of an intangible asset. [IFRS 13 Fair Value Measurement, issued in May 2011, defines fair value and contains the requirements for measuring fair value.] Therefore, the probability recognition criterion is always considered to be satisfied for intangible assets acquired in business combinations.