IFRS Notes

Internally generated intangible assets


IAS 38-pr54, 57
Internally generated intangible assets are
(1) not recognised as an asset from a research phase
(2) recognised as an asset from a development phase,
if and only if certain conditions are met.


IAS 38-pr57
When are internally generated intangible assets from a development phase
recognised as asset?

If and only if the conditions (1) - (6) are demonstrated:
(1) completion is technically feasible
(2) intention to complete
(3) ability to use or sell
(4) resources are available to complete and use or sell
(5) probable future economic benefits
(6) costs can be reliably measured


IAS 38-pr63
The following are not recognised as internally generated intangible assets:
(1) customer lists
(2) brands
(3) publishing titles