IFRScommunity.com

Thanks for the info. So, if i understood correctly the IFRS, since company A will use the commodity in its normal operations, there are 2 options: - not applly IFRS 9 and continue to record this operation as a spot acquistion in 2024 / 2025 (example); - apply IFRS 9 and record a MTM but if it decide...

Hello. Company A celebrate an agreement with a commodity supplier for acquistion of x vols and fixed price for 2024 and 2025 (for example). Between the agreement and the date 2024 / 2025 the company can sell the agreement to other company. Should company A record a mark to market adjustment between ...

Yes, mtk and admin is clear that need to be excluded.
The other ones are more tricky.

Thanks!!

So, for example, if you have a (internal) team already in the new facility managing the construction / renewal and implementing the plans for the facility construction / machines implementation, you consider this as attributable costs or as these "costs of open a facility"? Because i do no...

Hello all. A quick question: IAS 16 refers that costs of open a new facility are not attributable direct costs and therefore can not be capitalized. However, do not provide examples of this opening costs. For example, for open a new facility, if a company have to purchase some equipment or construct...

Not only to post carbon credits but if a company will have to post for example a provision for this type of costs.

Hello all, As you all may be aware, one the most discussed topics is sustainability and environement. I read something about carbon credits net zero where company can offset their co2 footprint buying projects that create offset the footprint. Someone has some inputs or info about this and the IFRS ...

Yeah, thats what i thought.
Regards.

Hello. Company A has a building rent with a lease period of 2 years + renewals of 2 yers. The rent started 01-01-2019. The company assess the period and create an ifrs 16 rent of only 2 years. At 31-12-2020, after 2 years, lease end. At 01-01-2021 the company decided to renew the contract for more 2...

So to be clear, you have a standalone company which has goodwill in it's own books? How did that arise, did it acquire some trade and assets as a business? And in your country, for tax purposes you get an allowable deduction against tax for goodwill? Which country is that? Hello, yes, that is the c...

So, yes, there should be recognized deferred taxes correct?

I read that but stay with some doubts even
Because, at least for me, it is the first time i get this situation.

Regards.
Artur.

No deferred taxes at the creation of the GW because it is assumed that the GW is not taxable accepted and because it is impossible to estimate (it will be as circule).
But in this case is taxable accepted even the depreciations. The problem are the amortizations and to the GW for the Group.

Hello all. I have a question, sorry is it already been answered in a previous topic. Example: Company A has a Goodwill and it is allowed to be amortized over 10 years from a tax perspective. For a Group level, Goodwill is not amortized and for group accounts the amortizations are reversed. The group...

Hello. @itwentup50 thanks for the additional slides. Regarding the "substantially all of the remaining benefits from the asset" i still believe they are transfered and are on SupplyME side. If we take a look at the risk model, we can see that all the market, unsold and operationl risks are...

I think the control is transfered (according to some assumptions, because i think unfortunatly we do not have all the info). As was said, "Control of an asset refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset". If we think th...

Hi I checked the company web and it is good idea. If i understood correctly, the investors buy the goods, receive a fee /coupon and then when the company sell the goods cancels the cuopon and pay to the investor. My only concern is the transfer of property. As i see it, i think it is on the investor...

Maybe @HaDo is referring to subsquente events?

I believe if that is the case, the lease is not disclosure, unless off course it affects the business continuity.
It is a different story the Covid 19, that is an event that could affect significatly the operations and finance.

Regards.

It is a good point of view.
For Brazil, for example, it is allowed...

Thanks.
Regards.

One additional question: some countries, such as Brazil, allows the subsidiary to pay an interests to parent company related with share capital (in simple terms). For example, subsidiary has a share capital of 1,000 Eur and the allowed interest rate is 1% (example). So, each year, the subsidiary rec...

Sorry for the delay.

IAS 1 indeed answer directly to the question.
Thanks a lot.

Regards.

Ok, i see you point.
But in the standards i was not able to find what is the treatment for this; is like as grey area.

Yes, our corporate law allows this kind of distributions. And i know some other countries that also allows, for example Brazil.

For example, you will distribute dividends in 2020 regarding the net income of 2020. Normally, at least here in Portugal, the distribution is made after the year is closed, and therefore the bookings in the company that distribute are in equity (as a decrease of retained earnings). Now, for example,...

Sorry for short info.

Company A, individual financial statements.

Regards.
Artur.

Hello.

One question: how do you recognize antecipated dividends to paid to an Holding?
As equity or profit and loss?

For example, company A will pay to company B (Holding) an antecipated dividend of 1,000m.
Is recognized as equity of profit and loss?

Regards.
Artur.

There is /was also a project very interesting from my point of view: the headroom aproach. If i understood correctly, the goal was to exclude from the annual analysis the headroom (margin) indentified at the acquisition. In other word, if we made an impairment analysis in moment zero, what was the m...

Hello Marek. Thank you for your answer.

I think this may help.
Regards.

Hello all. Company A is a parent holding and held several investments (subsidiaries) in the BS. At a consolidated level, the CGUs are analyzed at a region level and only 3 regions were identified. Therfore, all the impairment analysis in the consolidation is made under these 3 regions. The question ...