Hi!! How to present time deposits on balance sheet? As receivables or financial assets at amortised cost?? Duration is 3+ months.
Thank you!!
Time deposits
Re: Time deposits
A receivable is a financial asset.
Re: Time deposits
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?
Re: Time deposits
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.
Re: Time deposits
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
- Cash & cash equivalents
- Term deposits
- Trade receivables
- Bonds
- Other financial assets