Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2018, for £494,000,000, and recorded goodwill of £52,000,000 as a result of that purchase. At December 31, 2018, Pere Products had a recoverable amount of £383,000,000. The December 31, 2018 book value of Pere Products was £356,000,000 (including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2018 under IFRS?

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The Answer of Deluxe Corp. has four international divisions. One of them, Pere Products, was acquired on January 1, 2018, for £494,000,000, and recorded goodwill of £52,000,000 as a result of that purchase. At December 31, 2018, Pere Products had a recoverable amount of £383,000,000. The December 31, 2018 book value of Pere Products was £356,000,000 (including goodwill). What amount of loss on impairment of goodwill should Deluxe record in 2018 under IFRS?