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I note even the most recent taxonomy includes old items such as Available for Sale movements....ahhhh

Hi, I have gone through IFRS Committee staff recommendation related to your query below: 1. presentation of items aggregated in a single line item; or 2. or presentation of items separately by nature; 3. or presentation of items separately by nature aggregated within the corresponding line item of ...

Ta. What's your professional capacity @pub_accro, in broad terms, if I may ask? I don't imagine many people study the IFRS taxonomies

JRSB wrote: ↑11 May 2020, 16:30

pub_acco wrote: ↑11 May 2020, 16:20 How about IFRS Taxonomy Illustrated?

https://www.ifrs.org/issued-standards/i ... trated2020

Looks like p 36 doesn't include all the OCI items ?

Oh p 13/14 might be just the ticket

pub_acco wrote: ↑11 May 2020, 16:20 How about IFRS Taxonomy Illustrated?

https://www.ifrs.org/issued-standards/i ... trated2020

Looks like p 36 doesn't include all the OCI items ?

What about debt classified as FVOCI (to collect cash flows and for trading, ie held for liquidity positions) etc?

(This is why I'm looking for a comprehensive list)

Oh, could be either IAS 1, 82A(B) the share of the other comprehensive income of associates and joint ventures accounted for using the equity method, separated into the share of items that, in accordance with other IFRSs: (i) will not be reclassified subsequently to profit or loss; and (ii) will be ...

Thanks. Is that the correct classification for share of Assoc/JV OCI?

Hi, out of interest is anyone aware of a comprehensive list of items that might appear in OCI, split of course by those which will be subsequently recycled and those which won't? It can be found by going through each standard naturally but I don't think I've seen some 'complete' summary of these. I ...

But they might already know that it is the value of staff skills which can't be recognised but which might also be expected to bring benefits for 20 years?

• In-process research and development costs as long as it is probable that future benefits will accrue from them • Customer contracts and related relationships • Non-contractual customer relationships • Production processes or know-how • Trademarks • Non-compete agreements • Patents • Unpatented tec...

Presumably as at 31 December 2019, €2m will be due to be paid back within 12 months? However you also have to think about the accounting presentation of the liability don't you as it may not be shown just at the nominal cash value.

Has IFRScommunity submitted it's response to the IFRS 16 ED re Corona-related rent concessions? What did it say?

Perhaps differed tax is a whole new world we haven't considered yet!

I referenced this a lot...

https://www.pwc.com/gx/en/audit-service ... y-2018.pdf

Is this relevant to you?

https://www.bdo.com.au/en-au/insights/r ... incentives

How long are the contracts?

Retention seems to me to be a very basic liability, perhaps the opposite of a deposit. Is it repayable in more than one year perhaps?

Even under an amortisation model those same human beings still need to identify and apply impairments in order to get to relevant information? So it doesn't completely resolve the issue.

No I think that's right, because there was no cost..... what you're saying I suppose is that the fair value would be higher, but you only need cost in this case.

Inventory once rocks are separated, based on lower of cost vs NRV including variable costs of production. Is it sold to the parent at nominal value or cost plus?

Perhaps the issue is more around the standing or powers or expectations of auditors rather than the standards.

How did you account for the original purchase then?

I suppose I'm in favour of robust identification of intangible assets and more aggressive/timely impairment rather than amortisation.

That is exploration and evaluation but presumably this was confirmed resource from the start.

Agree but most companies I review don't bother. Which means it lingers for ever.

I would like companies to have to decide and disclose what the goodwill actually represents, rather than an unknown benefit ascribed to overall general benefits. This could have the effect of bringing staff skills on to the balance sheet, but if that's what you pay an excess for then so be it. Audit...

What was the accounting since 1990? Need more info but presumably the original purchase was an intangible (right to extract) which is amortised in line with resource estimates. Or did it buy the land including the quarry outright? Is there an obligation to rehabilitate the land once the quarry is ex...

I guess the date of commitment would be the date of signature by both parties unless there another convention in your legal jurisdiction.