[gidorah]

I suggest you look at the IFRS (International Financial Reporting Standards) which you need to follow if you list in Europe. Goodwill is only on the purchasors balance sheet. You can push goodwill down to subsidiaries, but only under USGAAP.

R&D is expensed.

https://www.iasplus.com/en/standards/ias/ias38

> Initial recognition: research and development costs

> Charge all research cost to expense. [IAS 38.54] Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits. [IAS 38.57]

Edit: added link to IFRS intangible assets

[b20000]

right, so you do put it on the balance sheet. you just need to show you are actually creating a product.