Time deposits

[Auditsux]

Hi!! How to present time deposits on balance sheet? As receivables or financial assets at amortised cost?? Duration is 3+ months.

Thank you!!

[JRSB]

A receivable is a financial asset.

[Auditsux]

I know,so? I have 2 separate fslis on my balance sheet, financial assets at amortised cost which also includes some bonds and some other stuff and trade and other receivables. Where should i include the time/term deposits? Or it doesnt really matter is what you mean?

[DJP]

It should be in financial assets at amortised cost. Although 'Trade receivables' is also a financial asset, it is a separate category required by IAS 1.

[Auditsux]

Thanks, appreciate you.

[Marek Muc]

When designing the layout of SoFP, consider what would be most helpful while satisfying the minimum requirements in IAS 1.54. For instance, you can present the following line items:
- Cash & cash equivalents
- Term deposits
- Trade receivables
- Bonds
- Other financial assets