Notes to the financial statements | Note 2.4

2. Accounting framework and significant judgements
2.4 Significant accounting judgements, estimates and assumptions
 

The preparation of financial statements requires the use of judgements, estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Although these estimates and assumptions are based on management's best knowledge of current events and actions that the Group may undertake in the future, actual results may ultimately differ from those judgements, estimates and assumptions.

The presentation of the results of operations, financial position and cash flows in the financial statements of the Group is dependent upon, and sensitive to, the accounting policies, assumptions and estimates that are used as a basis for the preparation of these financial statements. Management has made certain judgements in the process of applying the Group's accounting policies. These, together with the key judgements, estimates and assumptions concerning the future, and other key sources of estimation uncertainty at the reporting date are as follows:

Significant accounting judgements, estimates and assumptions Note
reference
Significant judgement in measuring the significant financing component in the Google Equiano transaction Note 3.2
Recognition and measurement of revenue Note 3.2
Taxation Note 8.1
Estimation of useful lives and residual values for property, plant and equipment Note 5.1
Impairments of property, plant and equipment Note 5.1
IFRS 16 (Leases) Note 6.3
Estimation of useful lives and residual values for intangible assets Note 5.2
Impairments of intangible assets Note 5.2
CGU and goodwill impairment assessment Note 5.3
Investment property Note 5.4
Impairment of financial assets (expected credit losses) Note 7.1.4
Deferred taxation asset Note 8.2
Inventories Note 4.2
Provisions Note 6.5
Employee benefits Note 10.1
Supply chain financing arrangements Note 4.5
Contingent liabilities Note 6.8
Significant judgement in assessing if Swiftnet SOC Ltd (Swiftnet) meets the conditions to be classified as held for sale in accordance with IFRS 5 (Non-current Assets Held for Sale) Note 12.2