Goodwill and capital reserve on consolidation

Can goodwill of parent company be set off with capital reserve arising on account of consolidation of subsidiary company... Please clarify

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Quick Summary
This discussion clarifies that goodwill and capital reserves arising from company consolidation cannot be netted off against each other. Goodwill is treated as an intangible asset, subject to impairment testing, while capital reserves stem from capital profits. Accounting standards do not permit the offsetting of these distinct items, and any such transactions should be disclosed in the notes to the consolidated financial statements.

Or it is to be netted and disclosed as notes to consolidated financial statements

Goodwill is an intangible asset.

Acquired goodwill is annually tested for impairment and written off.

Internally generated goodwill is written off.

Bargain purchase- negative goodwill is taken to income statement.

It cannot be setoff with any other head. 

Goodwill and capital reserve are not like profit and loss
Those two terminology are used to express whether the acquisition of a company is beneficial to the company or not to the shareholder.
So netting off of both goodwill or capital reserve is not allowed by the standard.
Goodwill is an intangible asset.
capital reserves are out of capital profit.
No adjustment allowed.

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