The goodwill represents the excess of total consideration paid over the difference between
the fair value of acquired assets and liabilities assumed on the takeover date of the
acquired company.
Goodwill is capitalized as an intangible asset and any impairment is recognized in the
statement of operations. Whenever the fair value of the acquired assets and assumed
liabilities exceeds total consideration paid, the full difference will be recognized in the
consolidated comprehensive loss on the acquisition date.
The Corporation’s intangible assets are described in Note 14.