International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards
Page 987
scope of IFRS 3, Ch. 9, 2
acquisition-date fair values of identifiable assets acquired
acquisition by an investment entity, Ch. 9, 2.3
and liabilities assumed, Ch. 9, 5.3
arrangements out of scope of IFRS 3, Ch. 9, 2.2
classifying or designating identifiable assets acquired and
acquisition of an asset or a group of assets that does not
liabilities assumed, Ch. 9, 5.4
constitute a business, Ch. 9, 2.2.2, Ch. 19, 4.1.1
exceptions to recognition and/or measurement principles,
arrangements under common control, Ch. 9, 2.2.3
Ch. 9, 5.6
formation of a joint arrangement, Ch. 9, 2.2.1
assets held for sale, Ch. 9, 5.6.6
mutual entities, Ch. 9, 2.1
contingent liabilities, Ch. 9, 5.6.1
subsequent measurement and accounting, Ch. 9, 13
employee benefits, Ch. 9, 5.6.3
IFRS 4– Insurance Contracts, Ch. 51, 1–12. See also Insurance
income taxes, Ch. 9, 5.6.2
contracts, IFRS 17
indemnification assets, Ch. 9, 5.6.4
development of, Ch. 51, 1.2
initial recognition and measurement, Ch. 9, 5.6.1.A
objectives of, Ch. 51, 2
insurance contracts within the scope of IFRS 17,
scope of, Ch. 51, 2.2
Ch. 9, 5.6.9
definitions, Ch. 51, 2.2.1
leases in which the acquiree is the lessee (IFRS 16),
product classification process, Ch. 51, 2.2.4
Ch. 9, 5.6.8
transactions not within the scope of IFRS 4, Ch. 51, 2.2.3
reacquired rights, Ch. 9, 5.6.5
assets and liabilities arising from employment benefit
share-based payment transactions, Ch. 9, 5.6.7
plans, Ch. 51, 2.2.3.B
subsequent measurement and accounting, Ch. 9, 5.6.1.B
contingent consideration payable/receivable in a
recognising and measuring particular assets acquired and
business combination, Ch. 51, 2.2.3.E
liabilities assumed, Ch. 9, 5.5
contingent rights and obligations related to non-
assembled workforce and other items that are not
financial items, Ch. 51, 2.2.3.C
identifiable, Ch. 9, 5.5.4
direct insurance contracts in which the entity is the
assets and liabilities related to contacts with customers,
policyholder, Ch. 51, 2.2.3.F
Ch. 9, 5.5.8
financial guarantee contracts, Ch. 51, 2.2.3.D
assets that the acquirer does not intend to use or
product warranties, Ch. 51, 2.2.3.A
intends to use in a way that is different from other
transactions within the scope of IFRS 4, Ch. 51, 2.2.2
market participants, Ch. 9, 5.5.6
IFRS 5– Non-current Assets Held for Sale and Discontinued
assets with uncertain cash flows (valuation allowances),
Operations, Ch. 4, 1–6. See also Discontinued operation
Ch. 9, 5.5.5
comparative information, Ch. 4, 4
combining an intangible asset with a related contract,
treatment on cessation of classification as held for sale,
identifiable asset or liability, Ch. 9, 5.5.2.C
Ch. 4, 4.2
customer relationship intangible assets, Ch. 9, 5.5.2.B
treatment on initial classification as held for sale
determining the fair values of intangible assets, Ch. 9,
statement of comprehensive income, Ch. 4, 4.1.1
5.5.2.F
statement of financial position, Ch. 4, 4.1.2
emission rights, Ch. 9, 5.5.2.E
disclosure requirements, Ch. 4, 5
in-process research or development project
discontinued operation, Ch. 4, 3.2
expenditure, Ch. 9, 5.5.2.D
definition of, Ch. 4, 3.1
intangible assets, Ch. 9, 5.5.2.
presentation of, Ch. 4, 3.2
investments in equity-accounted entities, Ch. 9, 5.5.7
trading with continuing operations, Ch. 4, 3.3
items not qualifying as assets, Ch. 9, 5.5.4.B
future developments, Ch. 4, 6
operating leases, Ch. 9, 5.5.1
interaction with IFRS 9, Ch. 47, 5.5
reacquired rights, Ch. 9, 5.5.3
interaction of IFRS 12 and, Ch. 13, 2.2.1.C
recognising identifiable assets acquired and liabilities
non-current assets (and disposal groups) held for sale/
assumed, Ch. 9, 5.2
distribution, Ch. 4, 2
replacement awards in business combinations, Ch. 30, 11;
classification, Ch. 4, 2.1, 2.1.1–2.1.3B
Ch 7, 5.2
160 Index
IFRS 5– Non-current Assets Held for Sale and Discontinued
level of detail, Ch. 50, 3.1
Operations—contd
materiality, Ch. 50, 3.2
non-current assets (and disposal groups) held for sale/
effective date and transitional provisions, Ch. 50, 8
distribution —contd
future developments, Ch. 50, 9
classification —contd
interim reports, Ch. 50, 2.3
abandonment, Ch. 4, 2.1.2.C
nature and extent of risks arising from financial instruments,
classification as held for sale or as held for distribution
Ch. 50, 5
to owners, Ch. 4, 2.1.2–2.1.2.C
credit risk, Ch. 50, 5.3
concept of a disposal group, Ch. 4, 2.1.1
collateral and other credit enhancements obtained,
loss of control of a subsidiary, Ch. 4, 2.1.3.A; Ch. 7,
Ch. 50, 5.3.5
3.2, 3.7
credit risk exposure, Ch. 50, 5.3.4
meaning of available for immediate sale, Ch. 4, 2.1.2.A
credit risk management practices, Ch. 50, 5.3.2
meaning of highly probable, Ch. 4, 2.1.2.B
quantitative and qualitative information about
partial disposal of an associate or joint venture, Ch. 4,
amounts arising from expected credit losses,
2.1.3.B
Ch. 50, 5.3.3
partial disposals of operations, Ch. 4, 2.1.3
scope and objectives, Ch. 50, 5.3.1
measurement, Ch. 4, 2.2
liquidity risk, Ch. 50, 5.4
changes to a plan of sale/distribution, Ch. 4, 2.2.5
information provided to key management, Ch. 50,
impairments and reversals of impairment, Ch. 4, 2.2.3
5.4.1
on initial classification as held for sale, Ch. 4, 2.2.2.A
management of associated liquidity risk, Ch. 50, 5.4.3
presentation in the statement of financial position of,
maturity analyses, Ch. 50, 5.4.2
Ch. 4, 2.2.4
puttable financial instruments classified as equity,
scope of the measurement requirements, Ch. 4, 2.2.1
Ch. 50, 5.4.4
subsequent remeasurement, Ch. 4, 2.2.2.B
market risk, Ch. 50, 5.5
objective and scope, Ch. 4, 1
‘basic’ sensitivity analysis, Ch. 50, 5.5.1
IFRS 6– Exploration for and Evaluation of Mineral Resources,
other market risk disclosures, Ch. 50, 5.5.3
Ch. 39, 3. See also Extractive industries
value-at-risk and similar analyses, Ch. 50, 5.5.2
disclosure, Ch. 39, 3.6
qualitative disclosures, Ch. 50, 5.1
impairment, Ch. 39, 3.5
quantitative disclosures, Ch. 50, 5.2, 5.6
additional considerations if E&E assets are impaired,
c
apital disclosures, Ch. 50, 5.6.3
Ch. 39, 3.5.5
concentrations of risk, Ch. 50, 5.6.1
cash-generating units comprising successful and
operational risk, Ch. 50, 5.6.2
unsuccessful E&E
presentation on the face of the financial statements and related
projects, Ch. 39, 3.5.3
disclosures, Ch. 50, 7
impairment testing ‘triggers,’ Ch. 39, 3.5.1
gains and losses recognised in other comprehensive
income statement treatment of E&E, Ch. 39, 3.5.6
income, Ch. 50, 7.2
order of impairment testing, Ch. 39, 3.5.4
gains and losses recognised in profit/loss embedded
reversal of impairment losses, Ch. 39, 3.5.7
derivatives, Ch. 50, 7.1.4
specifying the level at which E&E assets are assessed for
entities whose share capital is not equity, Ch. 50, 7.1.5
impairment, Ch. 39, 3.5.2
further analysis of gains and losses recognised in
measurement of exploration and evaluation assets, Ch. 39, 3.3
profit/loss, Ch. 50, 7.1.2
capitalisation of borrowing costs, Ch. 39, 3.3.2
offsetting and hedges, Ch. 50, 7.1.3
types of expenditure in, Ch. 39, 3.3.1
presentation on the face of the statement of
objective, Ch. 39, 3.1
comprehensive income (or income statement),
presentation and classification, Ch. 39, 3.4
Ch. 50, 7
reclassification of E&E assets, Ch. 39, 3.4.1
statement of cash flows, Ch. 50, 7.5
recognition of exploration and evaluation assets, Ch. 39, 3.2
statement of changes in equity, Ch. 50, 7.3
area-of-interest method, Ch. 39, 3.2.5
statement of financial position, Ch. 50, 7.4
changes in accounting policies, Ch. 39, 3.2.6
assets and liabilities, Ch. 50, 7.4.3
developing an accounting policy under IFRS 6, Ch. 39, 3.2.1
convertible loans, Ch. 50, 7.4.4.B
full cost method, Ch. 39, 3.2.4
current and non-current assets and liabilities,
options for an exploration and evaluation policy, Ch. 39,
distinction between, Ch. 50, 7.4.4
3.2.2
debt with refinancing or roll over agreements, Ch. 50,
successful efforts method, Ch. 39, 3.2.3
7.4.4.D
scope, Ch. 39, 3.1
derivatives, Ch. 50, 7.4.4.A
scope exclusions in other standards relating to the
disclosure requirements, Ch. 50, 7.4.2.C
extractive industries, Ch. 39, 3.1.1
enforceable legal right of set-off, Ch. 50, 7.4.1.A
IFRS 7– Financial Instruments: Disclosures, Ch. 50, 1–9
entities whose share capital is not equity, Ch. 50, 7.4.6
disclosures, structuring, Ch. 50, 3
equity, Ch. 50, 7.4.5
classes of financial instrument, Ch. 50, 3.3
intention to settle net, Ch. 50, 7.4.1.C
loan covenants, Ch. 50, 7.4.4.E
Index
161
long-term loans with repayment on demand terms,
IFRS 8– Operating Segments, Ch. 32, 1–7. See also Operating
Ch. 50, 7.4.4.C
segments; Reportable segments
master netting agreements, Ch. 50, 7.4.1.B
definition of an operating segment, Ch. 32, 3.1.3
objective, Ch. 50, 7.4.2.A
availability of discrete financial information, Ch. 32, 1.3
offsetting collateral amounts, Ch. 50, 7.4.1.F
‘chief operating decision maker’ and ‘segment manager,’
offsetting financial assets and financial liabilities,
Ch. 32, 3.1.2
Ch. 50, 7.4.1
equity accounted investment can be an operating segment,
offsetting financial assets and financial liabilities:
Ch. 32, 3.1.5
disclosure, Ch. 50, 7.4.2
revenue earning business activities, Ch. 32, 3.1.1
scope, Ch. 50, 7.4.2.B
when a single set of components is not immediately
situations where offset is not normally appropriate,
apparent, Ch. 32, 3.1.4
Ch. 50, 7.4.1.D
entity-wide disclosures for all entities, Ch. 32, 6
unit of account, Ch. 50, 7.4.1.G
customers known to be under common control, Ch. 32,
significance of financial instruments for an entity’s financial
6.3.1
position/performance, Ch. 50, 4
information about geographical areas, Ch. 32, 6.2
accounting policies, Ch. 50, 4.1
information about major customers, Ch. 32, 6.3
business combinations, Ch. 50, 4.6
information about products and services, Ch. 32, 6.1
acquired receivables, Ch. 50, 4.6.1
externally reportable segments, identifying, Ch. 32, 3.2
contingent consideration and indemnification assets,
aggregation criteria, Ch. 32, 3.2.1
Ch. 50, 4.6.2
‘all other segments,’ Ch. 32, 3.2.4
fair values, Ch. 50, 4.5
combining small operating segments into a larger
day 1 profits, Ch. 50, 4.5.2
reportable segment, Ch. 32, 3.2.3
general disclosure requirements, Ch. 50, 4.5.1
‘practical limit’ for the number of reported operating
hedge accounting, Ch. 50, 4.3
segments, Ch. 32, 3.2.5
amount, timing and uncertainty of future cash flows,
restatement of segments reported in comparative periods,
Ch. 50, 4.3.2
Ch. 32, 3.2.6
effects of hedge accounting on financial position and
quantitative thresholds, operating segments which are
performance, Ch. 50, 4.3.3
reportable because of their size, Ch. 32, 3.2.2
option to designate a credit exposure as measured at
features of IFRS 8, Ch. 32, 1.2
fair value through profit/loss, Ch. 50, 4.3
measurement, Ch. 32, 4
risk management strategy, Ch. 50, 4.31
objective of IFRS 8, Ch. 32, 2.1
income, expenses, gains and losses, Ch. 50, 4.2
post-implementation review, Ch. 32, 7
fee income and expense, Ch. 50, 4.2.3
reportable segments, information to be disclosed, Ch. 32, 5
gains and losses by measurement category, Ch. 50, 4.2.1
additional disclosures relating to segment assets,
interest income and expense, Ch. 50, 4.2.2
Ch. 32, 5.4
statement of financial position, Ch. 50, 4.4
disclosure of commercially sensitive information,
categories of financial assets and financial liabilities,
Ch. 32, 5.8
Ch. 50, 4.4.1
disclosure of other elements of revenue, income and
collateral, Ch. 50, 4.4.6
expense, Ch. 32, 5.3
compound financial instruments with multiple
explanation of the measurements used in segment
embedded derivatives, Ch. 50, 4.4.7
reporting, Ch. 32, 5.5
defaults and breaches of loans payable, Ch. 50, 4.4.8
general information about reportable segments, Ch. 32,
financial assets designated as measured at fair value
5.1
through profit/loss, Ch. 50, 4.4.3
disclosure of how operating segments are aggregated,
financial liabilities designated at fair value through
Ch. 32, 5.1.1
profit/loss, Ch. 50, 4.4.2
measure of segm
ent profit or loss, total assets and total
interests in associates and joint ventures accounted for
liabilities, Ch. 32, 5.2
in accordance with IFRS 9, Ch. 50, 4.4.9
reconciliations, Ch. 32, 5.6
investments in equity instruments designated at fair
restatement of previously reported information,
value through other comprehensive income (IFRS
Ch. 32, 5.7
9), Ch. 50, 4.4.4
changes in organisation structure, Ch. 32, 5.7.1
reclassification, Ch. 50, 4.4.5
changes in segment measures, Ch. 32, 5.7.2
transfers of financial assets, Ch. 50, 6
scope of IFRS 8, Ch. 32, 2.2
meaning of ‘transfer,’ Ch. 50, 6.1
consolidated financial statements presented with those of
transferred financial assets that are derecognised in their
the parent, Ch. 32, 2.2.2
entirety, Ch. 50, 6.3
entities providing segment information on a voluntary
disclosure requirements, Ch. 50, 6.3.2
basis, Ch. 32, 2.2.3
meaning of continuing involvement, Ch. 50, 6.3.1
meaning of ‘traded in a public market’, Ch. 32, 2.2.1
transferred financial assets that are not derecognised in
single set of operating segments, identifying, Ch. 32, 3
their entirety, Ch. 50, 6.2
terms used in IFRS 8, Ch. 32, 1.3
transitional provisions, Ch. 50, 8.1
transitional provisions, Ch. 32, 1.4
162 Index
IFRS 9– Financial Instruments, Ch. 40, 1.4; Ch. 44, 1–10;
non-genuine features, Ch. 44, 6.4.1 B
Ch. 45, 1–3. See also Financial instruments, classification
non-recourse loans, Ch. 44, 6.5
(IFRS 9); Financial instruments, hedge accounting (IFRS 9);
perpetual instruments with potentially deferrable coupons,
Financial instruments, subsequent measurement (IFRS 9)
Ch. 44, 6.4.5
amortised cost and the effective interest method, Ch. 46, 3
prepayment, asset originated at a premium of discount,
fixed interest, fixed term instruments, Ch. 46, 3.2
Ch. 44, 6.4.4.B
floating rate instruments, Ch. 46, 3.3
prepayment options, Ch. 44, 6.4.4
inflation-linked debt, Ch. 46, 3.6
prepayment, negative compensation, Ch. 44, 6.4.4.A
modified financial assets and liabilities, Ch. 46, 3.8
regulated interest rates, Ch. 44, 6.4.3
more complex financial liabilities, Ch. 46, 3.7
term extension options, Ch. 44, 6.4.4
perpetual debt instruments, Ch. 46, 3.5
unleveraged inflation-linked bonds, Ch. 44, 6.3.5
prepayment, call and similar options, Ch. 46, 3.4
variable interest rate, Ch. 44, 6.4.4
estimated cash flows, revisions to, Ch. 46, 3.4.1