IFRS 8

Klancet

Klancet produces and sells its range of drugs through three separate divisions. In addition, it has two laboratories which carry out research and development activities. In the first laboratory, the research and development activity is funded internally and centrally for each of the three divisions. It does not carry out research and development activities for other entities. Each of the three divisions is given a budget allocation which it uses to purchase research and development activities from the laboratory.