Search found 5 matches

by Radhika
20 Oct 2020, 07:34
Forum: IFRS-related topics
Topic: IFRS as adopted in the UK?
Replies: 6
Views: 49

Re: IFRS as adopted in the UK?

Hi All,

I understand that UK exit from Brexit could have some exemptions removed like requirement to prepare consolidation of accounts for UK companies having EU parent companies. Where can i get more information about this applicability and from when will this change affect UK companies.
by Radhika
20 Oct 2020, 07:26
Forum: IFRS-related topics
Topic: Electricity contract
Replies: 10
Views: 129

Re: Electricity contract

Yes it is a primary indicator that there exist a lease. Therefore, if you read my reply i have said we have to also see if the supplier has right to sell to other parties when the full capacity is not utilised by the Company. In the case of electricity contracts fully sold to the Company it is diffi...
by Radhika
18 Oct 2020, 08:27
Forum: IFRS-related topics
Topic: Electricity contract
Replies: 10
Views: 129

Re: Electricity contract

Hi Leo, Since your company has the right to purchase the whole of electricity produced by the supplier, therefore it seems that the company obtains substantially all of the economic benefit from the contract. However, if the supplier has the right to sell the remaining capacity to another customer, ...
by Radhika
22 Jul 2020, 19:23
Forum: IFRS-related topics
Topic: Discount rate under IFRS 16
Replies: 2
Views: 49

Discount rate under IFRS 16

I need some pragmatic approach taken for inter group companies that are fully funded by their parent companies.
Is group discount rate appropriate as starting point to determine the entity's incremental borrowing rate.
by Radhika
18 Jul 2020, 18:05
Forum: IFRS-related topics
Topic: IFRS 16 sub lease
Replies: 11
Views: 127

Re: IFRS 16 sub lease

This is a situation common with intergroup companies with one company having the agreement with external party and the other group companies using the asset. It is not necessary that there has to be agreement in writing. In this case there is implicit agreement between the two parties. you will have...