Ch 27.6.3.4
amortising customer relationships and similar
dilapidation and other provisions relating to leased assets,
intangible assets, Ch. 17, 9.2.1.A
Ch. 27, 6.9
residual value, Ch. 17, 9.2.4
environmental provisions, general guidance in IAS 37,
revenue-based amortisation, Ch. 17, 9.2.2
Ch. 27, 6.4
review of amortisation period and amortisation
EU Directive on ‘Waste Electrical and Electronic
method, Ch. 17, 9.2.3
Equipment’ (IFRIC 6), Ch. 27, 6.7
intangible assets with an indefinite useful life, Ch. 17, 9.3
green certificates compared to emissions trading schemes,
retirements and disposals, Ch. 17, 9.5
Ch. 27, 6.6
derecognition of parts of intangible assets, Ch. 17,
levies imposed by governments, Ch. 27, 6.8
9.5.1
payments relating to taxes other than income tax,
background, Ch. 17, 1.1
Ch 27.6.8.4
development phase, Ch. 17, 6.2.2
recognition and measurement of levy liabilities,
disclosure, Ch. 17, 10
Ch. 27, 6.8.2
additional disclosures when the revaluation model is
recognition of an asset/expense when a levy is
applied, Ch. 17, 10.4
recorded, Ch. 27, 6.8.3
general disclosures, Ch. 17, 10.1
scope of IFRIC 21, Ch. 27, 6.8.1
profit/loss presentation, Ch. 17, 10.3
liabilities associated with emissions trading schemes,
of research and development expenditure, Ch. 17, 10.5
Ch. 27, 6.5
statement of financial position presentation, Ch. 17, 10.2
litigation and other legal claims, Ch. 27, 6.11
first-time adoption, Ch. 5, 7.14
obligations to make donations to non-profit organisations,
identifiability, Ch. 17, 2.1.1
Ch. 27, 6.14
in relation to asset acquired in a business combination,
onerous contracts, Ch. 27, 6.2
Ch. 17, 5.1.3
contracts with customers that are, or have become,
impairment losses, Ch. 17, 9.4
onerous, Ch. 27, 6.2.4
intangible asset, definition, Ch. 17, 2.1–2.1.3
onerous leases, Ch 27.6.2.1
control, Ch. 17, 2.1.2
recognition of provisions for occupied leasehold
future economic benefits, Ch. 17, 2.1.3
property, Ch. 27, 6.2.2
identifiability, Ch. 17, 2.1.1
recognition of provisions for vacant leasehold
internally generated intangible assets, Ch. 17, 6
property, Ch. 27, 6.2.1
cost of an internally generated intangible asset, Ch. 17, 6.3
when an entity ceases to occupy part of a leased
determining the costs eligible for capitalisation,
property, Ch. 27, 6.2.3
Ch. 17, 6.3.2
refunds policy, Ch. 27, 6.12
establishing the time from which costs can be
restructuring provisions, Ch. 27, 6.1
capitalised, Ch. 17, 6.3.1
costs that can (and cannot) be included in a
development phase, Ch. 17, 6.2.2
restructuring provision, Ch. 27, 6.1.4
internally generated brands, mastheads, publishing titles
definition, Ch. 27, 6.1.1
and customer lists, Ch. 17, 6.2.4
recognition of a restructuring provision, Ch. 27, 6.1.2
internally generated goodwill, Ch. 17, 6.1
recognition of obligations arising from the sale of an
pharmaceutical industry, research and development in,
operation, Ch. 27, 6.1.3
Ch. 17, 6.2.3
self insurance, Ch. 27, 6.13
research phase, Ch. 17, 6.2.1
settlement payments, Ch 27.6.15
website costs (SIC-32), Ch. 17, 6.2.5
warranty provisions, Ch. 27, 6.10
measurement, Ch. 17, 3.2
IAS 38– Intangible Assets, Ch. 17, 1–11. See also Intangible assets
asset exchanges, Ch. 17, 4.7.1
acquisition as part of a business combination, Ch. 17, 5
assets acquired for contingent consideration, Ch. 17, 4.5
customer relationship intangible assets, Ch. 17, 5.4
measurement after initial recognition, Ch. 17, 8
in-process research and development, Ch. 17, 5.5
cost model for measurement of intangible assets, Ch. 17,
intangible assets acquired, Ch. 17, 5.2
8.1
154 Index
IAS 38– Intangible Assets—contd
disposal of, Ch. 19, 10
measurement after initial recognition —contd
fair value model, Ch.19, 6
revaluation model for measurement of intangible assets,
initial measurement, Ch. 19, 4
Ch. 17, 8.2
measurement after initial recognition, Ch. 19, 5
accounting for revaluations, Ch. 17, 8.2.3
recognition, Ch. 19, 3
frequency of revaluations, Ch. 17, 8.2.2
business combination, Ch. 19, 3.3
revaluation is only allowed if there is an active market,
cost recognition, Ch. 19, 3.2
Ch. 17, 8.2.1
expenditure prior to planning permissions/zoning
objective, Ch. 17, 2
consents, Ch. 19, 3.1
recognition, Ch. 17, 3.1
scope, Ch. 19, 2
assets acquired in a business combination, Ch. 17, 5.1
group of assets leased out under a single operating lease,
of expense, Ch. 17, 7
Ch. 19, 2.10
catalogues and other advertising costs, Ch. 17, 7.1
land, Ch. 19, 2.2
programme and other broadcast rights, Ch. 17, 3.1.1
property held for own use, Ch. 19, 2.4
separately acquired intangible assets, Ch. 17, 4.1
property held/under construction for sale, Ch. 19, 2.6
research and development in pharmaceutical industry, Ch. 17,
property interests held under operating leases, Ch. 19, 2.1
6.2.3
property leased to others, Ch. 19, 2.3
retirements and disposals, Ch. 17, 9.5
property under construction for investment, Ch. 19, 2.5
scope of, Ch. 17, 2
property where rentals are determined by reference to the
separate acquisition, Ch. 17, 4
operations, Ch. 19, 2.9
by way of government grant, Ch. 17, 4.6
property with dual uses, Ch. 19, 2.7
components of cost, Ch. 17, 4.2
property with the provision of ancillary services, Ch. 19, 2.8
costs to be expensed, Ch. 17, 4.3
transfer of assets to/from investment property, Ch. 19, 9
exchanges of assets
IAS 41– Agriculture, Ch. 38, 1–5
commercial substance, Ch. 17, 4.7.2
control, Ch. 38, 3.1.1
measurement of assets exchanged, Ch. 17, 4.7.1
definitions, Ch. 38, 2.2
income from incidental operations, Ch. 17, 4.4
agriculture-related definitions, Ch. 38, 2.2.1
measurement of intangible assets acquired for contingent
bearer plants, Ch. 38, 2.2.1.A
consideration, Ch. 17, 4.5
general definitions, Ch. 38, 2.2.2
recognition, Ch. 17, 4.1
disclosure, Ch. 38, 5
specific regulatory and environmental issues regarding
additional disclosures if fair value cannot be measured
intangible assets,
Ch. 17, 11
reliably, Ch. 38, 5.3
accounting for green certificates/renewable energy
fair value measurement disclosures, Ch. 38, 5.2
certificates, Ch. 17, 11.3
government grants, Ch. 38, 5.4
accounting for REACH costs, Ch. 17, 11.4
groups of biological assets, Ch. 38, 5.1.3
crypto-assets, Ch. 17, 11.5
income statement, Ch. 38, 5.1.2
emissions trading schemes, Ch. 17, 11.2
statement of financial position, Ch. 38, 5.1.1
rate-regulated activities, Ch. 17, 11.1
current vs. non-current classification, Ch. 38, 5.1.1.A
subsequent expenditure, Ch. 17, 3.3
government grants, Ch. 38, 3.3
terms used in, Ch. 17, 1.2
measurement, Ch. 38, 3.2
IAS 39– Financial Instruments: Recognition and Measurement. See
agricultural produce, Ch. 38, 3.2.2
also Financial instruments, recognition and initial
biological assets within the scope of IAS 41, Ch. 38, 3.2.1
measurement
initial and subsequent measurement, Ch. 38, 3.2.1.A
hedge accounting, Ch. 49, 1.3
subsequent expenditure, Ch. 38, 3.2.1.B
requirements in IAS 39, Ch. 49, 2.5.2
gains and losses, Ch. 38, 3.2.4
IAS 40– Investment Property, Ch. 13, 4.3; Ch. 19, 1–13. See also
inability to measure fair value reliably, Ch. 38, 3.2.5
Investment property
cost model, Ch. 38, 3.2.5.B
cost model, Ch. 19, 4
rebutting the presumption, Ch. 38, 3.2.5.A
definitions, Ch. 19, 2
requirements for produce growing on a bearer plant,
disclosure requirements of, Ch. 19, 12
Ch. 38, 3.2.3
for cost model, Ch. 19, 12.3
agricultural produce growing on bearer plants, Ch. 38,
direct operating expenses, Ch. 19, 12.1.3
3.2.3.B
for fair value model, Ch. 19, 12.2
requirements for bearer plants in the scope of IAS 16,
level of aggregation for IFRS 13 disclosures, Ch. 19, 12.1.2
Ch. 38, 3.2.3.A
methods and assumptions in fair value estimates, Ch. 19,
measurement of change, Ch. 38, 2.2.1
12.1.1
measuring fair value less costs to sell, Ch. 38, 4
presentation of changes in fair value, Ch. 19, 12.2.1
determining costs to sell, Ch. 38, 4.4
presentation of sales proceeds, Ch. 19, 12.4
establishing what to measure, Ch. 38, 4.2
under both fair value and cost models, Ch. 19, 12.1
grouping of assets, Ch. 38, 4.2.2
where fair value cannot be determined reliably, Ch. 19, 12.2.2
unit of account, Ch. 38, 4.2.1
interaction between IAS 41 and IFRS 13, Ch. 38, 4.1
Index
155
measuring fair value: IAS 41-specific requirements, Ch. 38,
accounting for residual interests, Ch. 26, 4.6
4.5
allocating the consideration, Ch. 26, 4.1.1
financing cash flows and taxation, Ch. 38, 4.5.5
‘bifurcation,’ single arrangements that contain both
forward sales contracts, Ch. 38, 4.5.3
financial and intangible assets, Ch. 26, 4.5
obligation to re-establish a biological asset after harvest,
determining the accounting model, Ch. 26, 4.1.2
Ch. 38, 4.5.2
financial asset model, Ch. 26, 4.2
onerous contracts, Ch. 38, 4.5.4
intangible asset model, Ch. 26, 4.3
use of external independent valuers, Ch. 38, 4.5.1
amortisation of the intangible asset, Ch. 26, 4.3.1
measuring fair value: overview of IFRS 13’s requirements,
impairment during the construction phase, Ch. 26,
Ch. 38, 4.6
4.3.2
fair value measurement framework, Ch. 38, 4.6.1
revenue recognition implications of the two models,
highest and best use and valuation premise, Ch. 38,
Ch. 26, 4.4
4.6.2
control model, Ch. 26, 3
biological assets attached to land, Ch. 38, 4.6.2.A
assets within scope, Ch. 26, 3.3
selecting appropriate assumptions, Ch. 38, 4.6.3
control of the residual interest, Ch. 26, 3.2
condition and location, Ch. 38, 4.6.3.A
partially regulated assets, Ch. 26, 3.4
valuation techniques in IFRS 13, Ch. 38, 4.6.4
regulation of services, Ch. 26, 3.1
cost as an approximation of fair value, Ch. 38,
definitions, Ch. 26, 1.2
4.6.4.A
disclosure requirements, SIC-29, Ch. 26, 6
problem of measuring fair value for part-grown biological
revenue and expenditure during the operations phase, Ch. 26, 5
assets, Ch. 38, 4.7
accounting for the operations phase, Ch. 26, 5.2
when to measure fair value, Ch. 38, 4.3
additional construction and upgrade services, Ch. 26, 5.1
objective, Ch. 38, 2.1
subsequent construction services that are part of the
recognition, Ch. 38, 3.1
initial
scope, Ch. 38, 2.3
infrastructure asset, Ch. 26, 5.1.1
agricultural produce before and after harvest, Ch. 38, 2.3.2
subsequent construction services that comprise a new
bearer plants and produce growing on a bearer plant,
infrastructure asset, Ch. 26, 5.1.2
Ch. 38, 2.3.3
interaction between IFRC 12 and IFRS 15, Ch. 26, 5.4
biological assets outside the scope of IAS 41, Ch. 38, 2.3.1
grantor gives operator a financial asset, Ch. 26, 5.4.1
concessions, Ch. 38, 2.3.6
grantor gives operator an intangible asset, Ch. 26, 5.4.2
leases of biological assets (excluding bearer plants), Ch. 38,
items provided to the operator by the grantor, Ch. 26, 5.3
2.3.5
scope of IFRIC 12, Ch. 26, 2
leases of biological assets under IAS 17, Ch. 38, 2.3.5.B
accounting by grantors, Ch. 26, 2.5
leases of biological assets under IFRS 16, Ch. 38, 2.3.5.A
arrangements that are not in the scope of IFRIC 12,
products that are the result of processing after harvest,
Ch. 26, 2.2
Ch. 38, 2.3.4
features of a service concession arrangement, Ch. 26, 2.2
Identifiable assets acquired in a business combination, Ch. 9, 5.2
Contract with the grantor, Ch. 26,2.2.4
acquisition-date fair values of, Ch. 9, 5.3
public service nature of the obligation, Ch. 26, 2.2.1
classifying, Ch. 9, 5.4
IFRIC 4 and IFRIC 12, outsourcing arrangements and
intangible assets, Ch. 9, 5.5.2
SCAs, Ch. 26, 2.3.1
operating leases, recognising and measuring, Ch. 9, 5.5
entities applying IFRS 16, Ch. 26, 2.3.2
recognising, Ch. 9, 5
private sector entity acting as lessor/provider of
IFRIC 1– Changes in Existing Decommissioning, Restoration and
outsourcing services, Ch. 26, 2.3.1
Similar Liabilities, Ch. 27, 1.2.1, 6.3
infrastructure assets within scope of IFRIC 12, Ch. 26, 2.2.2
changes in estimated decommissioning costs, Ch. 27, 6.3.1
interaction of IFRS 16 and IFRIC 12, Ch. 26, 2.4
entities previously applying IAS 17 and IFRIC 4,
IFRIC 4– Determining whether an Arrangement contains a Leas
e,
Ch. 26, 2.4.1
Ch. 23, 2.1
outsourcing arrangements, Ch. 26, 2.3.1
embedded leases, extractive industries, Ch. 39, 17.1
private-to-private arrangements, Ch. 26, 2.4
and IFRIC 12: outsourcing arrangements and SCAs, Ch. 26,
public-to-private service concession arrangements within
2.3
scope, Ch. 26, 2.1
IFRIC 12– Service Concession Arrangements, Ch. 26, 1–6. See also
contract with the grantor, Ch. 26, 2.2.4
Service concession arrangements
infrastructure assets, Ch. 26, 2.2.5
accounting by the concession operator, financial asset and
operator does not ‘merely act as an agent’, Ch. 26, 2.2.3
intangible asset models, Ch. 26, 4
private sector entity (the operator), Ch. 26, 2.1.1
accounting for contractual payments to be made by an
public sector body (the grantor), Ch. 26, 2.1.2
operator to a grantor, Ch. 26, 4.7
service concession arrangement (‘SCA’), Ch. 26, 2.2
under the financial asset model, Ch. 26, 4.7.2
IFRIC 14–IAS 19– The Limit on a Defined Benefit Asset
under the intangible asset model, Ch. 26, 4.7.3
Minimum Funding Requirements and their Interaction,
variable payments in a service concession, Ch. 26,
Ch. 31, 8.2
4.7.1
156 Index
IFRIC 16– Hedges of a Net Investment in a Foreign Operation,
hedge accounting, Ch. 5, 4.4–4.7
Ch. 7, 2.3; Ch. 15, 6.1.5. See also Net investment hedges
in opening IFRS statement of financial position, Ch. 5, 4.5
IFRIC 17– Distributions of Non-cash Assets to Owners, Ch. 7, 3.7;
subsequent treatment, Ch. 5, 4.6
Ch. 8, 2.4.2
impairment of financial instruments, Ch. 5, 4.10
demerger and, Ch. 7, 3.7
insurance contracts, Ch. 5, 5.4
measurement in, Ch. 7, 3.7.2; Ch. 8, 2.4.B
investment entities, Ch. 5, 5.9.5
recognition in, Ch. 7, 3.7.2; Ch. 8, 2.4.B
investments in subsidiaries, joint ventures and associates,
scope of, Ch. 7, 3.7.1; Ch. 8, 2.4.2.A
Ch. 5, 6.5.2
IFRIC 19– Extinguishing Financial Liabilities with Equity
joint arrangements, Ch. 5, 5.18
Instruments, Ch. 5, 5.16; Ch. 43, 7
leases, Ch. 5, 5.6, 7.5
effective date, Ch. 43, 7.1
non-controlling interests, Ch. 5, 4.8
requirements, Ch. 43, 7.2
objectives of, Ch. 5, 1.1
scope, Ch. 43, 7.1
opening IFRS statement of financial position, Ch. 5, 3
and accounting policies, Ch. 5, 3.2
IFRIC 20– Stripping Costs in the Production Phase of a Surface
defined terms, Ch. 5, 1.3
Mine, Ch. 5, 5.19; Ch. 18, 3.1.6; Ch. 39, 15.5
International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards Page 985