Founded in 1987, Huawei is a leading global provider of information and communications

(i) Recognition and derecognition
Financial instruments, comprising financial 
assets and financial liabilities, are recognised 
in the consolidated statement of financial 
position when the Group becomes a party to 
the contractual provisions of the instrument.
The difference between the fair value of the 
consideration paid and the fair value of net 
identifiable assets is recorded as goodwill. 
Transaction costs incurred in an acquisition 
are recognised in profit or loss. Where the 
fair value of the assets acquired less liabilities 
assumed exceeds the consideration paid, the 
excess is recognised immediately in profit or 
loss as a gain.