Hello Members,
Thank you very much.
Best regards,
Aga
Search found 14 matches
- 24 Sep 2021, 16:27
- Forum: IFRS-related topics
- Topic: Prepayments
- Replies: 7
- Views: 2123
- 22 Sep 2021, 12:05
- Forum: IFRS-related topics
- Topic: Prepayments
- Replies: 7
- Views: 2123
Re: Prepayments
In substance it is free interest loan to the related party. The purchase price of the goods is lower than for 3parties.
- 22 Sep 2021, 10:34
- Forum: IFRS-related topics
- Topic: Prepayments
- Replies: 7
- Views: 2123
Prepayments
Hello Marek, The Company paid prepayments for the delivery of goods in 2018 to a related party. Prepayments were reclassified from short-term prepayments to long-term aprepayments. The settlement of "prepayments" is likely to take place in the coming years through the delivery of goods. Th...
- 06 Jan 2020, 13:43
- Forum: IFRS-related topics
- Topic: Buy-back transaction between two related entities.
- Replies: 4
- Views: 1408
Re: Buy-back transaction between two related entities.
Thank you very much.
Best regards,
Aga
Best regards,
Aga
- 05 Jan 2020, 18:19
- Forum: IFRS-related topics
- Topic: Buy-back transaction between two related entities.
- Replies: 4
- Views: 1408
Re: Buy-back transaction between two related entities.
Hi, Thank you. Both entities have the same parent company. The buying entity is a bank and regulatory ratios are exceeded on receivables purchased from unit X. The resale was supposed to be to external party, but in a short time it was not possible to reprocess all complience requirements. Regards, ...
- 04 Jan 2020, 09:54
- Forum: IFRS-related topics
- Topic: Buy-back transaction between two related entities.
- Replies: 4
- Views: 1408
Buy-back transaction between two related entities.
Hi Marek, Could you please help me with the below topic? Entity X sold receivables to entity Y two months ago. The transaction was concluded on market terms and was assessed by auditor as true sales. A buy-back transaction up to 1% of not-performing receivables is under consideration. Can this small...
- 29 Nov 2019, 11:57
- Forum: IFRS-related topics
- Topic: Cost or decreased revenue?
- Replies: 5
- Views: 1659
Re: Cost or decreased revenue?
Sorry, I was browsing on my phone and it might not display correctly.
Thank you very much.
Thank you very much.
- 28 Nov 2019, 18:01
- Forum: IFRS-related topics
- Topic: Cost or decreased revenue?
- Replies: 5
- Views: 1659
Re: Cost or decreased revenue?
A standard loan with market interest is valued after initial recognition at amortized cost. It is not possible to predict at the beginning whether the customer will have a problem with repayment and will submit an application for extension of the repayment date. If during the loan period its duratio...
- 28 Nov 2019, 14:49
- Forum: IFRS-related topics
- Topic: Cost or decreased revenue?
- Replies: 5
- Views: 1659
Re: Cost or decreased revenue?
Extension fees are a part of EIR.
- 28 Nov 2019, 06:32
- Forum: IFRS-related topics
- Topic: Cost or decreased revenue?
- Replies: 5
- Views: 1659
Cost or decreased revenue?
Hi, A. Company issues loans for free. 0% interest and 0% commission for new customers. In addition Company will pay the customers extra money when the loans will be repaid on due date without delay. Such expenses should be classified as provisions and recognised at the date of loans issuing? Or the ...
- 21 Nov 2019, 18:36
- Forum: IFRS-related topics
- Topic: IFRS 16 - VAT
- Replies: 10
- Views: 13109
Re: IFRS 16 - VAT
Thank you very much for detailed answer.
- 21 Nov 2019, 07:58
- Forum: IFRS-related topics
- Topic: IFRS 16 - VAT
- Replies: 10
- Views: 13109
IFRS 16 - VAT
Can VAT, which the company cannot deduct, increase the value of the liability and fixed assets recognized according to IFRS 16, or should it be included in P&L right away?
- 28 May 2019, 12:41
- Forum: IFRS-related topics
- Topic: IAS 37 Loan commitments
- Replies: 2
- Views: 2672
Re: IAS 37 Loan commitments
Thank you
- 27 May 2019, 10:20
- Forum: IFRS-related topics
- Topic: IAS 37 Loan commitments
- Replies: 2
- Views: 2672
IAS 37 Loan commitments
I have a commitment to grant a loan. The commitment results from the contract. The customer can decide to take the loan within 2 months of signing the initial contract. If the customer decides to take out a loan, I have to grant the loan. The probability that the customer will benefit from the loan ...