But it's to get a better market approximation of the value of the company versus a book value.

Indeed, the Commission considers that the book value of TVX Hellas cannot be taken into account for the assessment of the assets’ value, since it takes into account depreciation in the company’s books for taxation reasons (17), therefore it represents the assets’ accounting value.

Previously recognised goodwill—At the beginning of the first annual period in which this IFRS is applied, the carrying amount of goodwill arising from the prior business combination shall be its carrying amount at that date in accordance with the entity’s previous accounting policies.

The amendments are the following: allow a first-time adopter in its separate financial statements to use as the deemed cost of an investment in a subsidiary, jointly controlled entity or associate either the fair value at the entity's date of transition to IFRSs or the previous GAAP carrying amount of the investment at that date; delete from IAS 27 the definition of the ‘cost method’, with the result that an investor is required to recognise as income in its separate financial statements all dividends received from a subsidiary, jointly controlled entity or associate, even if the dividend is paid out of pre-acquisition reserves; clarif ...[+++]y how to determine the cost of an investment under IAS 27 when a parent company reorganises the operating structure of its group by establishing a new entity as its parent and this new parent obtains control of the original parent by issuing equity instruments in exchange for existing equity instruments of the original parent.

Aligning the provisions of the Accounting Directives with existing international standards on fair value accounting will help European companies compete in international capital markets on equal terms with their non-European competitors.

FINTRAC currently receives transaction reports from a broad range of financial institutions and intermediaries, including banks, credit unions and caisses populaires, trust and loan companies, securities brokers, accountants and accounting firms, money services businesses, foreign exchange dealers and casinos.