IFRScommunity.com

Yes free shares have already been received

Sorry maybe I didn't explain fully.

We will receive normal compensation for the licensing agreement
The free preference share's received were a once off non refundable sweetener to lock in the deal.

G

Hi, Need a little help on accounting treatment for free preference shares received. Shares are not publicly traded but have been independently valued. They were issued to use as part of an overall licensing agreement but are non refundable if the agreement does not work out (agreement has been signe...

Hi All, I have read the standard again and specifically IG4 and has some further discussion with management and I have now some further info. As mentioned previously this share based payment program is dependent on an IPO or company sale. After further investigation there is also a service condition...

Thanks for the responses but I am still a little unclear. Let me expand my query a little further. Today there is an agreement in place that essentially states that if the business is sold or there is an IPO, that certain people will be issued with Phantom shares. (at the discretion of the board) Th...

Hi, A share based payment has been agreed (Phantom shares) that are dependent on a future event and the future value is unknown and cannot be predicted with a level of certainty. Does the above 'Share based payment' need to be recognized in the financial statements (P+L and BS) on grant or are there...

Hi, Query regarding the initial recording of a long term loan received and further restatement. Background. Loan agreement €1,000,000 Drawdown 01/01/2021 €500,000 Repayment in 5 years as a lump sum repayment i.e 31/12/2025 Interest paid every qtr Under IFRS 13 It's my understanding that at initial r...

Hi, Getting confliction reports on the below query. Moving to IFRS from FRS 102 Previously all development costs were expenses. 01/01/2021 is the date of transition to IFRS. At that date do we retrospectively review what the development costs would have been up to that point, if IFRS was always in p...

Hi, Hope you guys can help. We are in the process of moving from FRS102 to IFRS. Our auditors are stating a Transition/Position paper is required. However they are not very forthcoming with how this paper should look and feel. Any of you guys have any templates or experience on this subject. Any inf...