Search found 6 matches

by DSD
17 Apr 2024, 18:57
Forum: IFRS-related topics
Topic: Accounting for reverse acquisitions in separate financial statements
Replies: 2
Views: 668

Accounting for reverse acquisitions in separate financial statements

Hi, A pretty niche one, but we have a parent company made up of a number of distinct CGUs/business lines, that recently sold one of its 'businesses' (trade and assets deal, with all relevant inputs and processes) to a subsidiary that had been set-up with the aim of taking on this part of the busines...
by DSD
14 Mar 2023, 19:30
Forum: IFRS-related topics
Topic: Property lease transfer between subsidiaries - nil consideration
Replies: 2
Views: 772

Property lease transfer between subsidiaries - nil consideration

Hi, I'm struggling to wrap my head around the implications for the following situation and was wondering whether anyone could help. We have a property lease which is being transferred from one group company to another (so the lease is essentially being assigned such that the company B will take on t...
by DSD
19 Aug 2021, 12:54
Forum: IFRS-related topics
Topic: Lease Renewal - derecognise original ROU Asset?
Replies: 3
Views: 8647

Re: Lease Renewal - derecognise original ROU Asset?

Thank you for the response! That's really helpful. So in line with that, the original lease effectively didn't end in substance and was then modified by the new agreement, and therefore no disposal of the original cost or depreciation?
by DSD
18 Aug 2021, 16:27
Forum: IFRS-related topics
Topic: Lease Renewal - derecognise original ROU Asset?
Replies: 3
Views: 8647

Lease Renewal - derecognise original ROU Asset?

Hi, We have a situation where our lease expired and moved onto a rolling contract whilst a new lease was agreed. The new lease was subsequently signed a few months later for the same space (same right of use asset) and backdated to the end of the previous lease agreement. A question has arisen as to...