Search found 7 matches

by hishamshams
22 Nov 2021, 06:42
Forum: IFRS-related topics
Topic: Youtube channel - Intangible asset
Replies: 5
Views: 1957

Re: Youtube channel - Intangible asset

Not entirely. The channel acquired is primarily for the videos saved to the channel that's monetised, the cash-flow that'd be generated from the views as well as the no. of subscribers (all complementary to each other). Post acquisition, the login credentials and all access/rights associated with th...
by hishamshams
21 Nov 2021, 15:42
Forum: IFRS-related topics
Topic: Youtube channel - Intangible asset
Replies: 5
Views: 1957

Youtube channel - Intangible asset

Hello all, Just a quick query regarding intangible assets. Let’s say, a Company has purchased a YouTube channel (with a good number of subscribers and some content) from a third-party at a consideration agreed by both the parties. The Company that’s acquiring the channel is in visual media communica...
by hishamshams
17 May 2021, 09:58
Forum: IFRS-related topics
Topic: Combined financial statements - New entity added to the group
Replies: 4
Views: 1486

Re: Combined financial statements - New entity added to the group

Hi Marek, there's no apparent reason for adding the 5th entity. Since owned by the same shareholder, he would like to include the 5th entity to the combined FS. Further, management expects the results of the 5th entity to improve over the next couple of years, so as an add-on, they would like to see...
by hishamshams
17 May 2021, 09:43
Forum: IFRS-related topics
Topic: Combined financial statements - New entity added to the group
Replies: 4
Views: 1486

Combined financial statements - New entity added to the group

Hi guys, This query/thread is in relation to combined financial statements. As per IFRS conceptual framework’s Chapter 3 (under “the reporting entity” section), if a reporting entity comprises two or more entities that are not all linked by a parent-subsidiary relationship, the reporting entity’s fi...
by hishamshams
03 Mar 2021, 20:08
Forum: IFRS-related topics
Topic: IAS 32 Compound Instrument - Debit balance in equity
Replies: 10
Views: 3011

Re: IAS 32 Compound Instrument - Debit balance in equity

Yes, this is not a transaction that'd happen in an ideal scenario. But assuming that the entity issues convertible bond with a conversion option at a higher coupon rate than the market rate, again the possibility of such an issuance of bond with a huge premium is remote I feel, how would the debit b...
by hishamshams
03 Mar 2021, 19:48
Forum: IFRS-related topics
Topic: IAS 32 Compound Instrument - Debit balance in equity
Replies: 10
Views: 3011

Re: IAS 32 Compound Instrument - Debit balance in equity

Hi Marek, this is a technical query we've received from one of our clients. Currently they have issued bonds at a coupon rate lower than the market rate for a similar instrument with no conversion option. So there's no issue with the accounting. However, the client is curious to know how should the ...
by hishamshams
03 Mar 2021, 18:49
Forum: IFRS-related topics
Topic: IAS 32 Compound Instrument - Debit balance in equity
Replies: 10
Views: 3011

IAS 32 Compound Instrument - Debit balance in equity

Dear fellow members, This query/forum thread is in relation to a technical query regarding the treatment of compound financial instruments as per IAS 32. Per the standard, the residual value measured i.e. the difference between the fair value of the compound instrument (computed using the market rat...