Search found 8 matches
- 08 May 2024, 14:55
- Forum: IFRS-related topics
- Topic: Financial guarantee
- Replies: 2
- Views: 49
Financial guarantee
Hello there! I am having a case whereas my company got a bank loan with a personal guarantee by the shareholder. Once the funds were received fron the bank they were sent to the shareholder to secure the facility and guarantee. My question is whether this falls under financial guarantee IFRS9. Shoul...
- 25 Apr 2024, 07:19
- Forum: IFRS-related topics
- Topic: Change of lessor
- Replies: 5
- Views: 121
Re: Change of lessor
Restructuring
- 23 Apr 2024, 14:19
- Forum: IFRS-related topics
- Topic: Change of lessor
- Replies: 5
- Views: 121
Re: Change of lessor
So I continue my lease as initially calculated with the first party right?
- 23 Apr 2024, 12:58
- Forum: IFRS-related topics
- Topic: Change of lessor
- Replies: 5
- Views: 121
Change of lessor
Hi there! What happens when my lessor changed / replaced by some other party but the terms remain the same? Does it affect my lease? Is it consider to be a new lease then? I guess the modification doe not apply here right?
- 28 Dec 2023, 08:20
- Forum: IFRS-related topics
- Topic: Lease liability interest
- Replies: 4
- Views: 654
Re: Lease liability interest
It is my understanding that for the first period the NPV of the rent payment would not have any interest... The forst period covers a whole year so even if they paid 3months after it is still in my first period with no interest. So shall I calculate an interest using the same rate implicit for only ...
- 27 Dec 2023, 09:42
- Forum: IFRS-related topics
- Topic: Lease liability interest
- Replies: 4
- Views: 654
Lease liability interest
Hi there! So my company leases an office for the period 01/04/xxx0 until 31/03/xxx1 and pays the rent in advance annually. The company thought this time failed to pay on time i.e 01/04/xxx0 and instead paid 3 months after. Should recognise an interest for these 3 months?
- 22 Dec 2023, 09:08
- Forum: IFRS-related topics
- Topic: IFRS16 extension of lease
- Replies: 3
- Views: 611
Re: IFRS16 extension of lease
They didn't vacate the office, but they signed the extension on the last day of the old contract. Lets say the old contract was for the period upto 01/12. The nea extension document is signed on 01/12 also.
- 21 Dec 2023, 14:04
- Forum: IFRS-related topics
- Topic: IFRS16 extension of lease
- Replies: 3
- Views: 611
IFRS16 extension of lease
Hi! So here is my question: Company A enters into a lease agreement for an office with Company B for two years plus two more years an an extension option. At the expiry of the four years, they decide to extend the lease for another two years. Is this a new lease agreement? Should we recognised a new...