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| Column1 | Conventional acquisition | Reverse acquisition [IFRS 3(2008)] |
| Consolidated financial statements issued | In the name of the legal parent. | In the name of the legal parent (with disclosure in the notes that they are a continuation of the financial statements of the legal subsidiary). |
| Consideration transferred | Fair value of consideration given by legal parent. | Fair value of the notional number of equity instruments that the legal subsidiary would have had to issue to the legal parent to give the owners of the legal parent the same percentage ownership in the combined entity. |
| Net assets of legal subsidiary (accounting acquirer) | Recognised and measured in accordance with IFRS 3(2008) – generally restated to fair value. | Not restated from pre-combination carrying amounts. |
| Net assets of legal parent (accounting acquiree) | Not restated from pre-combination carrying amounts. | Recognised and measured in accordance with the requirements for acquirees under IFRS 3(2008) – generally restated to fair value. |
| Goodwill/gain on bargain purchase | Consideration transferred less identified net assets of legal subsidiary. | Consideration transferred less identified net assets of legal parent. |
| Consolidated retained earnings and other equity balances at date of combination | Legal parent only. | Legal subsidiary only. |
| Consolidated equity instruments | Equity instruments of legal parent. | Issued equity instruments of legal subsidiary outstanding before the business combination plus the fair value of the legal parent. |
| Non-controlling interests in legal subsidiary | Non-controlling interest’s proportionate share of legal subsidiary net assets, or at fair value. | Non-controlling interest’s proportionate share of legal subsidiary net assets at pre-combination carrying amounts. No fair value option. |
| Comparative information | Legal parent only. | Legal subsidiary only, but retroactively adjusted to reflect the legal capital of the legal parent. |
| Earnings per share of current period | Earnings based on consolidated earnings. Weighted average number of shares reflects actual shares issued for legal subsidiary from date of acquisition. Earnings based on consolidated earnings. | Weighted average number of shares reflects legal subsidiary’s weighted average pre-combination ordinary shares multiplied by the exchange ratio established in the acquisition, and the weighted average total actual shares of the legal parent in issue after the date of acquisition. |
| Earnings per share of comparative period | Acquirer only. | Earnings of legal subsidiary. Legal subsidiary’s weighted average ordinary shares multiplied by exchange ratio established at acquisition. |
| Separate financial statements of legal parent | Legal parent. | Legal parent. |
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