Search found 17 matches
- 08 Oct 2021, 15:17
- Forum: IFRS-related topics
- Topic: Borrowing costs per IAS 23
- Replies: 6
- Views: 1545
Re: Borrowing costs per IAS 23
Marek, hello. Thank you, this looks more straightforward now!
- 29 Sep 2021, 11:55
- Forum: IFRS-related topics
- Topic: Borrowing costs per IAS 23
- Replies: 6
- Views: 1545
Re: Borrowing costs per IAS 23
thank you
- 29 Sep 2021, 11:19
- Forum: IFRS-related topics
- Topic: Borrowing costs per IAS 23
- Replies: 6
- Views: 1545
Re: Borrowing costs per IAS 23
hello, yes, it's a question of presentation per IAS 1, but when someone aggregates borrowing costs, currency exchange loss and pl on derivatives under the same line "finance costs', what logic do they follow? Is it acceptable to aggregate these items under finance costs, given that borrowing co...
- 29 Sep 2021, 10:54
- Forum: IFRS-related topics
- Topic: Borrowing costs per IAS 23
- Replies: 6
- Views: 1545
Borrowing costs per IAS 23
In accordance with IAS 23 borrowing costs may include FOREX changes of borrowings denominated in the foreign currency (as well as PL results of the derivatives that hedge this currency exposure). My question is - is it appropriate to use this guidance for financial institutions? IAS 23 for the most ...
- 08 Apr 2021, 13:17
- Forum: IFRS-related topics
- Topic: Modification gain or loss for POCI
- Replies: 5
- Views: 1516
Re: Modification gain or loss for POCI
CAEIR is credit adjusted effective interest rate.
But how would you disclose this change of ECL in the statement of comprehensive income? Should it be disclosed on the face of SOCI?
But how would you disclose this change of ECL in the statement of comprehensive income? Should it be disclosed on the face of SOCI?
- 08 Apr 2021, 12:34
- Forum: IFRS-related topics
- Topic: Modification gain or loss for POCI
- Replies: 5
- Views: 1516
Re: Modification gain or loss for POCI
Marek, hi. I've seen this example before, but my questions are - 1) do you account for this impairment gain of 445 as an ECL PL charge or do you account for it as a one-off modification gain? 2) Is it acceptable not to disclose a separate ECL PL charge and just show income at CAEIR + modification ga...
- 08 Apr 2021, 10:50
- Forum: IFRS-related topics
- Topic: Modification gain or loss for POCI
- Replies: 5
- Views: 1516
Modification gain or loss for POCI
Hi, all Can someone please share their experience with POCI loans? The question is - how do you account for changes in expected cash flows of POCI loans. For example, Company A acquires a POCI loan with a balance value of 100 (Gross = 300, ECL = 100). If Gross changes to 350, how would you account f...
- 16 Feb 2021, 16:34
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
Re: IFRS 16 retro bonuses
not really, since the company has a local gaap, we have to derecognize the book value of the asset and then recognize the investment in leasing. Then we have to recognize financial income on this lease. So, we don't have purely IFRS accounting, we have to transform local gaap accounts to IFRS
- 16 Feb 2021, 16:04
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
Re: IFRS 16 retro bonuses
Sorry, yes, in terms of lessor accounting you have to recognize an investment in leasing. Again, we are a lessor not a lessee.
- 16 Feb 2021, 07:08
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
Re: IFRS 16 retro bonuses
1/ purchase the equipment
Dr Equipment Cr Settlements
Dr Settlements Cr Cash
and 2/ lease it out
Dr PPE Cr Finance obligations
Dr Equipment Cr Settlements
Dr Settlements Cr Cash
and 2/ lease it out
Dr PPE Cr Finance obligations
- 15 Feb 2021, 09:22
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
Re: IFRS 16 retro bonuses
Thank you Marek, but I'm not sure the dealer-lessors guidance applies here. Not entirely sure. But the point about IAS 34.B23 seems to be applicable, since this 'rebate' is non-discretionary in nature. Thank you!
- 12 Feb 2021, 16:07
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
Re: IFRS 16 retro bonuses
Marek, hello. We are a lessor and we have a supplier, which is a third party. And then there's a lessee. A lessor, a supplier and a lessee all in all. The question relates to the accounting treatment from the lessor point of view. A supplier pays a bonus to us (a lessor). But the amount of the bonus...
- 12 Feb 2021, 14:40
- Forum: IFRS-related topics
- Topic: IFRS 16 retro bonuses
- Replies: 13
- Views: 3284
IFRS 16 retro bonuses
Hello everyone, We have an arrangement with a supplier that pays a premium to us if we lease out their equipment. It looks like a rebate which decreases the cost of the equipment, which itself is subsequently derecognised and turned into NIL. The final rebate is determined upon meeting certain comme...
- 25 Jan 2021, 15:48
- Forum: IFRS-related topics
- Topic: EIR calculation based on success rate
- Replies: 11
- Views: 2699
Re: EIR calculation based on success rate
Thank you a lot for such a prompt reply!
- 25 Jan 2021, 15:32
- Forum: IFRS-related topics
- Topic: EIR calculation based on success rate
- Replies: 11
- Views: 2699
Re: EIR calculation based on success rate
Yes, such market expenses are only incurred if a loan is granted, no loan - no expense
- 25 Jan 2021, 14:52
- Forum: IFRS-related topics
- Topic: EIR calculation based on success rate
- Replies: 11
- Views: 2699
Re: EIR calculation based on success rate
Marek, thank you! If I'm reading the guidance correctly (B5.4.2), fees that are an integral part of the effective interest rate of a financial instrument include compensation for activities such as evaluating the borrower’s financial conditions , in other words, scoring. Does it not contradict this ...
- 25 Jan 2021, 14:15
- Forum: IFRS-related topics
- Topic: EIR calculation based on success rate
- Replies: 11
- Views: 2699
EIR calculation based on success rate
Hi, everyone. I have a question regarding the implementation of IFRS 9.B5.4.2. We have a portfolio of individual loans and we bear expenses on scoring and verification of potential borrowers. In accordance with IFRS 9.B5.4 such expenses are in essence - origination fees received by the entity relati...