Ved at tillade, at den finansielle goodwill — som er den goodwill, der ville have været bogført, hvis virksomhederne var blevet sammensluttet — opstår særskilt, også uden at der foreligger en virksomhedssammenslutning, udgør den anfægtede foranstaltning en undtagelse fra referencesystemet.
Thus, by allowing financial goodwill, which is the goodwill that would have been booked if the companies had combined, to appear separately — even without there being a business combination — constitutes a derogation from the reference system.