Search found 12 matches
- 19 Nov 2023, 18:19
- Forum: General accounting and financial reporting discussion
- Topic: Contribution by parent company to sub
- Replies: 4
- Views: 815
Re: Contribution by parent company to sub
Thanks for the explanation! If I am understanding the ask, in terms of legal structure this was done through shares/equity (issue of new shares at tradeco level) So, there is a 3 tier structure: Topco (1st) holds 100%equity shares in Holdco (2nd); and Holdco owns 100% shares in Tradeco (3rd) Tradeco...
- 19 Nov 2023, 16:17
- Forum: General accounting and financial reporting discussion
- Topic: Contribution by parent company to sub
- Replies: 4
- Views: 815
Re: Contribution by parent company to sub
Hi Marek, Thanks for getting back. This is very well appreciated. In this case, the underlying reason for this cash transfer was to constitute the share capital of the tradeco. Eventually to be used for tradeco's operations. For now the only transaction booked was Tradeco: Dr: Cash Cr: Share Capital...
- 17 Nov 2023, 23:17
- Forum: General accounting and financial reporting discussion
- Topic: Contribution by parent company to sub
- Replies: 4
- Views: 815
Contribution by parent company to sub
Hi all I would like some guidance on the journal entries to pass for the below transactions. Details are as follows: Topco owns 100% of Holdco which in turn owns 100% of Tradeco. Consolidation is done at Topco level. Topco directly contributed (in cash) €100,000 to Tradeco. This €100,000 was capitil...
- 19 Sep 2023, 14:12
- Forum: IFRS-related topics
- Topic: Branch Accounting
- Replies: 5
- Views: 20660
Re: Branch Accounting
Confirmed, that they will become one legal entity
- 18 Sep 2023, 13:11
- Forum: IFRS-related topics
- Topic: Branch Accounting
- Replies: 5
- Views: 20660
Re: Branch Accounting
Many thanks for your reply. So in this case the share capital of the Italian parent would remain EUR 20,000 on the face of the balance sheet. What would be the journal entry of the €10,000 which was previosly the share capital of the german entity (now the branch of the parent)? How is the €10,000 r...
- 18 Sep 2023, 08:01
- Forum: IFRS-related topics
- Topic: Branch Accounting
- Replies: 5
- Views: 20660
Branch Accounting
Hi everyone, I would like to ask a question with respect to branches and branch accounting By way of an example: Company A - is the parent company in Italy . Another German entity is going to be merged with the Italian parent company. The german entity will be a branch of the Italian entity. The Ita...
- 04 Jan 2022, 00:28
- Forum: IFRS-related topics
- Topic: Return of Capital on Fixed-Income Investment (Bonds)
- Replies: 8
- Views: 3090
Re: Return of Capital on Fixed-Income Investment (Bonds)
Much appreciated Marek for your comprehensive replies!
Thanks a lot
Thanks a lot
- 23 Dec 2021, 15:11
- Forum: IFRS-related topics
- Topic: Return of Capital on Fixed-Income Investment (Bonds)
- Replies: 8
- Views: 3090
Re: Return of Capital on Fixed-Income Investment (Bonds)
Thanks for your reply Marek! this is truly appreciated. Just to confirm my understanding is correct so if I can add on to this example. The entry to pass when the return of capital occurs would be: DR Bank EUR 50,000 CR Investment in Bond A EUR 50,000 Being original return of capital after 2 years I...
- 22 Dec 2021, 17:19
- Forum: IFRS-related topics
- Topic: Distribution Proceeds from Investment in a Fund
- Replies: 13
- Views: 47485
Re: Distribution Proceeds from Investment in a Fund
Thanks a lot both, I am in line with your understanding ! This is truly appreciated
- 22 Dec 2021, 07:43
- Forum: IFRS-related topics
- Topic: Distribution Proceeds from Investment in a Fund
- Replies: 13
- Views: 47485
Distribution Proceeds from Investment in a Fund
Dear all, I am writing to ask whether someone could provide some insight with a question I have on Fund Investment from an IFRS stand-point. For ease of reference below a simplified example: An investment company reporting under IFRS which keeps its investments at FVTPL (therefore all fair value and...
- 22 Dec 2021, 07:40
- Forum: IFRS-related topics
- Topic: Return of Capital on Fixed-Income Investment (Bonds)
- Replies: 8
- Views: 3090
Re: Return of Capital on Fixed-Income Investment (Bonds)
Thanks for your kind reply and help JRSB, much appreciated !
Wishing you a good day
Wishing you a good day
- 21 Dec 2021, 18:12
- Forum: IFRS-related topics
- Topic: Return of Capital on Fixed-Income Investment (Bonds)
- Replies: 8
- Views: 3090
Return of Capital on Fixed-Income Investment (Bonds)
Dear all, I am writing to ask whether someone could assist me with a question I have on Fixed Income Investment from an IFRS stand-point and general accounting principles. For ease of reference below a simplified example: An investment company reporting under IFRS which keeps its investments at FVTP...