Artículo 47. IAS 21 Paragraph 47

Any goodwill arising on the acquisition of a foreign operation and any fair value adjustments to the carrying amounts of assets and liabilities arising on the acquisition of that foreign operation shall be treated as assets and liabilities of the foreign operation. Thus they shall be expressed in the functional currency of the foreign operation and shall be translated at the closing rate in accordance with paragraphs  39 , 41A and 42 . [ Refer: Basis for Conclusions paragraphs BC26⁠–⁠BC32 ]