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.
Search found 5 matches
- 20 Oct 2020, 07:34
- Forum: IFRS-related topics
- Topic: IFRS as adopted in the UK?
- Replies: 6
- Views: 1291
- 20 Oct 2020, 07:26
- Forum: IFRS-related topics
- Topic: Electricity contract
- Replies: 10
- Views: 2477
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...
- 18 Oct 2020, 08:27
- Forum: IFRS-related topics
- Topic: Electricity contract
- Replies: 10
- Views: 2477
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, ...
- 22 Jul 2020, 19:23
- Forum: IFRS-related topics
- Topic: Discount rate under IFRS 16
- Replies: 2
- Views: 693
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.
Is group discount rate appropriate as starting point to determine the entity's incremental borrowing rate.
- 18 Jul 2020, 18:05
- Forum: IFRS-related topics
- Topic: IFRS 16 sub lease
- Replies: 11
- Views: 2383
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...