Hi Marek,
Do you still think its not applicable for RoU assets and Why?
Search found 25 matches
- 09 Mar 2023, 11:08
- Forum: IFRS-related topics
- Topic: Disclosure of sublease
- Replies: 6
- Views: 1739
- 06 Mar 2023, 20:11
- Forum: IFRS-related topics
- Topic: Disclosure of sublease
- Replies: 6
- Views: 1739
Re: Disclosure of sublease
Why is it not applicable to RoU assets? it is shown in PPE right.
- 06 Mar 2023, 17:00
- Forum: IFRS-related topics
- Topic: Disclosure of sublease
- Replies: 6
- Views: 1739
Re: Disclosure of sublease
No, i didnt find anything particularly for subleased RoU. I just found the below Operating leases (Text from the standard) 95 For items of property, plant and equipment subject to an operating lease, a lessor shall apply the disclosure requirements of IAS 16. In applying the disclosure requirements ...
- 06 Mar 2023, 10:08
- Forum: IFRS-related topics
- Topic: Disclosure of sublease
- Replies: 6
- Views: 1739
Disclosure of sublease
Hello All, As per IFRS 16, the company has to disaggregate the assets of PPE subject to operating lease and not subject to operating lease. Operating leases (Text from the standard) 95 For items of property, plant and equipment subject to an operating lease, a lessor shall apply the disclosure requi...
- 09 Jan 2023, 15:54
- Forum: IFRS-related topics
- Topic: IFRS 15 - amendement to the contract
- Replies: 1
- Views: 1260
IFRS 15 - amendement to the contract
Hi All, The contract contains delivery 6 machines, 3 has been delivered and acceptance has been received and revenue has been recognised. Company and customer amended the contract to receive the final acceptance to recognise revenue for the remianing machines but while providing the acceptance , the...
- 14 Dec 2022, 15:37
- Forum: IFRS-related topics
- Topic: Purchase of asset with put option
- Replies: 0
- Views: 41986
Purchase of asset with put option
Hi All, We buy the asset (purchase price 400000), paid in installment of 4000 monthly. Also we have a right to sell the asset back to the original seller at the price (400000-installments paid) at the end of 12 months and Original seller has the obligation to buy. if we initially decide to sell - is...
- 01 Dec 2022, 15:57
- Forum: IFRS-related topics
- Topic: IAS 32- Classification of Financial instruments
- Replies: 1
- Views: 967
IAS 32- Classification of Financial instruments
Hello All, The contract with the investor specifies up to a maximum of 600,000 shares will be issued at a issue price determined on the capital increase resolution day (average of last 5 days share price). Plan is to get an amount of 1.5 million (not mentioned in the contract), so the number shares ...
- 24 Aug 2022, 16:32
- Forum: IFRS-related topics
- Topic: Share based payment
- Replies: 5
- Views: 1559
Re: Share based payment
Hi, What is the entry when the employee exercises the options under ESOP? Considering the expenses recognised each year and granted options 10000 for 5 employees and exercise price 13. All the 10000 shares are exercised Year 1 Debit ESOP expense 100 Credit ESOP reserve (equity) 100 Year 2 Debit ESOP...
- 24 Aug 2022, 16:29
- Forum: IFRS-related topics
- Topic: Share based payment
- Replies: 5
- Views: 1559
Re: Share based payment
employee stock option plan
- 24 Aug 2022, 16:02
- Forum: IFRS-related topics
- Topic: Share based payment
- Replies: 5
- Views: 1559
Share based payment
Hi All, What is the entry when the employee exercises the options under ESOP? Considering the expenses recognised each year and granted options 10000 for 5 employees and exercise price 13. All the 10000 shares are exercised Year 1 Debit ESOP expense 100 Credit ESOP expense 100 Year 2 Debit ESOP expe...
- 05 Jul 2022, 11:15
- Forum: IFRS-related topics
- Topic: Sale and lease back with variable payments
- Replies: 2
- Views: 2122
- 01 Jul 2022, 16:40
- Forum: IFRS-related topics
- Topic: Sale and lease back with variable payments
- Replies: 2
- Views: 2122
Sale and lease back with variable payments
Hi Everyone, Company is entering into sale and leaseback transaction where the lease payments are dependent on CPI. There was a committee's decision in case of sale and leaseback transaction with variable lease payments depending on revenue of lessee that entity needs to estimated the expected futur...
- 14 Jun 2022, 10:57
- Forum: IFRS-related topics
- Topic: Sale and lease back of building in use
- Replies: 13
- Views: 4600
Re: Sale and lease back of building in use
Yes, it will be accounted as sale. Also there is a first charge on the building for loan taken from Bank. buyer will not purchase unless the charge is removed and the discussion with bank is ongoing. even it falls under IFRS 5, since there is a charge, we can argue that it is not available for immed...
- 14 Jun 2022, 10:13
- Forum: IFRS-related topics
- Topic: Sale and lease back of building in use
- Replies: 13
- Views: 4600
Re: Sale and lease back of building in use
I found this write up from Grant Thornton where it says IFRS 5 is not applicable.
- 10 Jun 2022, 11:59
- Forum: IFRS-related topics
- Topic: Sale and lease back of building in use
- Replies: 13
- Views: 4600
Sale and lease back of building in use
Hello Everyone, Company is planning to sell the office building and factories and lease them back for 20 years with extension for 5 years. The property has been marketed and the potential buyer has been given exclusivity period to carry on the due diligence. Planning to close the deal by July end. S...
- 03 May 2022, 09:56
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
the estimated useful life of the machinery is considered to be 7 years. our sales department is still working on this, as this is something new that we are planning to offer.
Yesterday, i received this discount model.
Yesterday, i received this discount model.
- 02 May 2022, 10:09
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
I am still trying to collect this information. I will get back to you with these details.
- 02 May 2022, 09:36
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
Thank you Leo.
I did speak internally today. unfortunately the margin at 60 is less than the expected/estimated margin.
I did speak internally today. unfortunately the margin at 60 is less than the expected/estimated margin.
- 01 May 2022, 14:16
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
Thank you so much for the detailed explanation Leo. This unlimited offer applies when this particular product is sold with a machinery (a significant component) and also when the product is sold separately at 100 (the unlimited offer is included to buy at discounted price when it fails ) to the cust...
- 30 Apr 2022, 01:53
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
Yes, our estimation is that the product fails in 6th or 7th and the client gets 30% to 40% discount on the following product.
since this is unlimited, how do we consider it as a separate performance ? it would be difficult to estimate how many products.
since this is unlimited, how do we consider it as a separate performance ? it would be difficult to estimate how many products.
- 29 Apr 2022, 15:31
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
Yes, based on the historic record product has failed in 6 or 7 month.
- 29 Apr 2022, 13:57
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
It is not based on the price of first and second. third one will be sold at 80 again.
- 29 Apr 2022, 11:43
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
Thanks Leo. if this offer is unlimited ie the customer can purchase the third one fails at discounted price if the second one fails and if the third one fails, they can buy fourth at discounted price and so on. Does it still fall under 'Option to purchase additional goods' section. Thanks, Anuradha
- 28 Apr 2022, 13:07
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Re: Option to purchase additional goods at discounted price in case the product fails
no refund, customer can buy the new one at discounted price
- 28 Apr 2022, 12:32
- Forum: IFRS-related topics
- Topic: Option to purchase additional goods at discounted price in case the product fails
- Replies: 21
- Views: 7493
Option to purchase additional goods at discounted price in case the product fails
Hi Guys, Company provides an option to purchase an additional good at a discounted price if the product fails to function, if it fails in 1st month, at 80% discount, if its in 2nd month, 70% discount and so on, if it fails in 12th month, no discount and customer has to pay full to purchase the produ...