Question
4) Etisalat Company reported impairment losses for the impairment of goodwill and other intangible assets in its annual report for 2020. Referring to Etisalat's 2020
4) Etisalat Company reported impairment losses for the impairment of goodwill and other intangible assets in its annual report for 2020. Referring to Etisalat's 2020 annual report, address the following:
a) State the amounts of impairment losses of goodwill and other intangible assets. (3 marks)
b) Which cash generating unit suffered an impairment loss of goodwill? (1 mark)
c) What were the underlying business reasons that required Etisalat to record a goodwill impairment in 2020? (5 marks)
d) How did Etisalat reflect the 2020 goodwill impairment in its income statement and cash flow statement? (3 marks)
Write your answer in the space provided in the following table: Answer Page(s) in Annual report
Amounts of impairment losses
cash generating unit suffered an impairment loss of goodwill
the underlying business reasons that required Etisalat to record a goodwill impairment
How did Etisalat reflect the 2020 goodwill impairment in its income statement and cash flow statement?
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