awards entitled to dividends or dividend equivalents during
allocating, Ch. 26, 4.1.1
the vesting period, Ch. 30, 15.3
determining accounting model, Ch. 26, 4.1.2
awards vesting/exercisable on an exit event/change of control,
construction phase, impairment during, Ch. 26, 4.3.2
Ch. 30, 15.4
contract with the grantor, Ch. 26, 2.1.6
cash-settled transactions, Ch. 30, 9
contractual payments made by an operator to a grantor,
accounting, Ch. 30, 9.3
Ch. 26, 4.7
modification of award from equity-settled to cash-settled
under financial asset model, Ch. 26, 4.7.2
(or vice versa), Ch. 30, 9.4
under intangible asset model, Ch. 26, 4.7.3
cost of awards, equity-settled, Ch. 30, 5
variable payments, Ch. 26, 4.7.1
determining the fair value of equity instruments,
control model, Ch. 26, 3
Ch. 30, 5.5
assets within scope, control model, Ch. 26, 3.3
grant date, Ch. 30, 5.3
partially regulated assets, Ch. 26, 3.4
transactions with employees, Ch. 30, 5.2
residual interest, control of, Ch. 26, 3.2
transactions with non-employees, Ch. 30, 5.3
regulation of services, Ch. 26, 3.1
disclosures, Ch. 30, 13
disclosure requirements, Ch. 26, 6
of key management personnel compensation, Ch. 35,
expenditure during operations phase, Ch. 26, 5
2.6.6
financial asset model, Ch. 26, 4.2
impact of share-based payment transactions on financial
grantor, Ch. 26, 2.1.6
statements, Ch. 30, 13.3
IFRIC 4 and IFRIC 12, outsourcing arrangements,
nature and extent of share-based payment arrangements,
Ch. 26, 2.3
Ch. 30, 13.1
intangible asset model, Ch. 26, 4.3
valuation of share-based payment arrangements, Ch. 30,
amortisation of, Ch. 26, 4.3.1
13.2
impairment during construction phase, Ch. 26, 4.3.2
equity-settled transactions, allocation of expense, Ch. 30, 6
Interpretations Committee’s approach to, Ch. 26, 1.1
cost of awards, Ch. 30, 5
operations phase, accounting for, Ch. 26, 5.2
modification, cancellation and settlement, Ch. 30, 7
operations services, Ch. 26, 4.1.1
overview, Ch. 30, 4
outsourcing arrangements and, Ch. 26, 2.3
valuation, Ch. 30, 8
previously held assets, Ch. 26, 3.3.2
first-time adoption, Ch. 30, 16.1
public-to-private SCAs within scope, Ch. 26, 2.1
group share schemes, Ch. 30, 12
private sector entity (the operator), Ch. 26, 2.1.1
loans to employees to purchase shares (limited recourse and
public sector body (the grantor), Ch. 26, 2.1.2
full recourse loans), Ch. 30, 15.2
residual interests
matching share awards, Ch. 30, 15.1
accounting for, Ch. 26, 4.6
cancellation and settlement, Ch. 30, 7.4
control of, Ch. 26, 3.2
future modification or replacement of award, Ch. 30, 7.6
revenue recognition, Ch. 26, 4.4
modification, cancellation and settlement of equity-settled
upgrade services, Ch. 26, 5.1
transactions, Ch. 30, 7
Index
199
modifications, Ch. 30, 7.3
disclosure of key management personnel compensation,
replacement and ex-gratia awards on termination of
Ch. 35, 2.6.2
employment, Ch. 30, 7.5
general recognition criteria for, Ch. 31, 12.1
share splits and consolidations, Ch. 30, 7.8
profit-sharing and bonus plans, Ch. 31, 12.3
two awards running ‘in parallel’, Ch. 30, 7.7
present legal or constructive obligation, Ch. 31, 12.3.1
valuation requirements, Ch. 30, 7.2
reliable estimate of provision, Ch. 31, 12.3.2
recognition, general principles of, Ch. 30, 3
statutory profit-sharing based on taxable profit, Ch. 31,
non-vesting conditions, Ch. 30, 3.2
12.3.3
vesting conditions, Ch. 30, 3.1
short-term paid absences, Ch. 31, 12.2
market conditions, Ch. 30, 6.3
accumulating absences, Ch. 31, 12.2.1
non-vesting conditions, Ch. 30, 6.4
non-accumulating absences, Ch. 31, 12.2.2
vesting conditions other than market conditions,
Short-term loan facilities, Ch. 48, 3.6.2
Ch. 30, 6.2
Short-term receivables and payables, Ch. 14, 2.1.3
vesting period, Ch. 30, 3.3
SIC-5– Classification of Financial Instruments–Contingent
replacement awards in business combination, Ch. 30, 11;
Settlement Provisions, Ch. 43, 4.3.1
Ch.7, 5.2.1; Ch 9, 7.2
accounted for under IFRS 3, Ch. 30, 11.2
SIC-7– Introduction of the Euro, Ch. 15, 1.2, 8
acquiree award not replaced by acquirer, Ch. 30, 11.3
SIC-10– Government Assistance-No Specific Relation to Operating
financial statements of the acquired entity, Ch. 30, 11.4
Activities, Ch. 25, 1, 2.2.1
South African black economic empowerment (‘BEE’) and
SIC-12– Consolidation–Special Purpose Entities, Ch. 6, 1.2;
similar arrangements, Ch. 30, 15.5
Ch. 13, 2.2.1.B
tax base, determining, Ch. 29, 10.8.2
SIC-15– Operating Leases–Incentives, Ch. 19, 4.9, 6.6; Ch. 23,
taxes related to, Ch. 29, 10.8; Ch. 30, 14
5.1.4
employment taxes of the employer, Ch. 30, 14.2
SIC-16– Share Capital – Reacquired Own Equity Instruments
income tax deductions for the entity, Ch. 30, 14.1
(Treasury Shares), Ch. 43, 9.1
sale or surrender of shares by employee to meet employee’s
SIC-21– Income Taxes–Recovery of Revalued Non-Depreciable
tax liability (‘sell to cover’ and net settlement), Ch. 30,
Assets, Ch. 29, 8.4.6
14.3
SIC-27– Evaluating the Substance of Transactions Involving the
transactions with equity and cash alternatives, Ch. 30, 10
Legal Form of a Lease, Ch. 23, 2.2
awards requiring cash or equity settlement in specific
circumstances (awards with contingent cash or
SIC-29– Service Concession Arrangements: Disclosures,
contingent equity settlement), Ch. 30, 10.3
Ch. 26.1–6
cash settlement alternative not based on share price or
SIC-31– Revenue–Barter Transactions Involving Advertising
value, Ch. 30, 10.4
Services, Ch. 28, 6.6
transactions where counterparty has choice of settlement,
SIC-32– Intangible Assets-Web Site Costs, Ch. 17, 6.2.5
Ch. 30, 10.1
Significant estimates and judgements, disclosure of, Ch. 13, 3
transactions where entity has choice of settlement, Ch. 30,
Significant influence, Ch. 11, 4
10.2
lack of, Ch. 11, 4.1
transitional provisions for June 2016 amendments, Ch. 30,
potential voting rights, Ch. 11, 4.3
16.2
voting power, Ch. 11, 4.2
valuation of equity-settled transactions, Ch. 30, 8
voting rights held in a fiduci
ary capacity, Ch. 11, 4.4
adapting option-pricing models, Ch. 30, 8.4
Significant insurance risk, Ch. 51, 3.2; Ch. 52, 3.2
appropriate assumptions for option-pricing models,
changes in level of, Ch. 52, 3.3
Ch. 30, 8.5
level of assessment, Ch. 51, 3.2.2; Ch. 52, 3.2.2
awards to a fixed monetary value, Ch. 30, 8.10
insurance mutuals, Ch. 51, 3.2.2.B; Ch. 52, 3.2.2.B
awards whose fair value cannot be measured reliably,
intragroup insurance contracts, Ch. 51, 3.2.2.C; Ch. 52,
Ch. 30, 8.8
3.2.2.C
awards with reload features, Ch. 30, 8.9
self insurance, Ch. 51, 3.2.2.A; Ch. 52, 3.2.2.A
option-pricing model selection, Ch. 30, 8.3
meaning of ‘significant’, Ch. 51, 3.2.1
other awards requiring the use of option valuation models,
quantity of insurance risk, Ch. 52, 3.2.1
Ch. 30, 8.7
significant additional amounts, Ch. 52, 3.2.3
Share option, Ch. 30, 2.2
significant additional benefits, Ch. 51, 3.2.3
Share price-based contingencies, Ch. 33, 6.4.6.B
Silo
Share splits and consolidations, Ch. 33, 4.3.1
consolidation of, Ch. 6, 8.3
Shipping of commodities, Ch. 39, 12.7.8
evaluating control of, Ch. 6, 8.2
identification of performance obligations, Ch. 39, 12.7.8.A
identifying
sale of product with delayed shipment, Ch. 39, 12.7.9
in insurance industry, Ch. 6, 8.1.1
satisfaction of performance obligations – control assessment,
in investment funds industry, Ch. 6, 8.1.2
Ch. 39, 12.7.8.B
SME Implementation Group, Ch. 1, 2.9
Short-term employee benefits, Ch. 31, 12
South Africa, IFRS adoption in, Ch. 1, 4.6
200 Index
SPACs. See Special purpose acquisition companies (SPACs)
taxes on income, Ch. 36, 4.4.2
Special purpose acquisition companies (SPACs),
treasury shares, Ch. 36, 4.4.7
Ch. 30, 5.3.10
settlement of amounts owed by the acquired entity, Ch. 36,
Special purpose entities (SPEs), Ch. 48, 3.2, 3.6.6, 5.6.1
6.3.4
settlement of intra-group balances on a demerger, Ch. 36,
Split accounting, compound financial instruments, Ch. 43, 6.2
6.3.5
accounting for the equity component, Ch. 43, 6.2.1
in subsidiaries, associates and joint ventures, Ch. 36, 6.5.1
temporary differences arising from split accounting, Ch. 43,
group treasury arrangements, Ch. 36, 6.5.2
6.2.2
transactions with non-controlling interests, Ch. 36, 6.2
Stand-alone selling price, Ch. 28, 2.4
voluntary disclosures, Ch. 36, 5.6
Standing Interpretations Committee (SIC), Ch. 1, 2.1
cash flows to increase and maintain operating capacity,
Start-up costs, Ch. 19, 4.2
Ch. 36, 5.6.1
intangible assets, Ch. 17, 7
segment cash flow disclosures, Ch. 36, 5.6.2
Statement of cash flows, Ch. 36, 1–8. See also IAS 7
Statement of changes in equity, Ch. 3, 3.3
acquisition-related costs, Ch. 36, 6.3.1
Statement of comprehensive income, Ch. 3, 3.2
acquisitions, Ch. 36, 6.3
cash flow hedges, Ch. 50, 4.3.3
classification, Ch. 36, 4
comparative information, Ch. 4, 4
allocating items to operating, investing and financing
discontinued operations, Ch. 3, 3.2.5
activities, Ch. 36, 4.4
expenses analysis, Ch. 3, 3.2.3
cash flows for service concession arrangements, Ch. 36,
by function, Ch. 3, 3.2.3.B, 3.2.4.A
4.4.6
by nature, Ch. 3, 3.2.3.A
cash flows from factoring of trade receivables, Ch. 36,
extraordinary items, Ch. 3, 3.2.6.B
4.4.4
face of, information required on, Ch. 3, 3.2.2
cash flows on derivative contracts, Ch. 36, 4.4.9
fair value hedges, Ch. 50, 4.3.3
cash flows related to the costs of a share issue, Ch. 36,
for co-operative, Ch. 50, 7.1.5
4.4.8
for mutual fund, Ch. 50, 7.1.5
classification of cash flows-future developments,
material items, Ch. 3, 3.2.6.A
Ch. 36, 4.4.10
operating profit, Ch. 3, 3.2.2.A
interest and dividends, Ch. 36, 4.4.1
ordinary activities, Ch. 3, 3.2.6.B
property, plant and equipment held for rental, Ch. 36,
presentation on face of, Ch. 50, 7
4.4.5
reclassification adjustments, Ch. 3, 3.2.4.B
sales taxes and other non-income tax cash flows,
tax on items of other comprehensive income, Ch. 3, 3.2.4.C
Ch. 36, 4.4.3
Statement of financial position, Ch. 3, 3.1. See also IAS 1
taxes on income, Ch. 36, 4.4.2
comparative information, Ch. 3, 2.4; Ch. 4, 4.2
treasury shares, Ch. 36, 4.4.7
current assets, Ch. 3, 3.1.3
cash flows from financing activities, Ch. 36, 4.3
current liabilities, Ch. 3, 3.1.4
cash flows from investing activities, Ch. 36, 4.2
current/non-current assets and liabilities, distinction between,
cash flows from operating activities, Ch. 36, 4.1
Ch. 3, 3.1.1
direct method, Ch. 36, 4.1.1
hyperinflation, Ch. 16, 4
indirect method, Ch. 36, 4.1.2
IFRS statement of financial position, opening, Ch. 5, 3
consolidated statement of cash flows, preparing, Ch. 36, 6.1
and accounting policies, Ch. 5, 3.2
contingent consideration, Ch. 36, 6.3.3
assets and liabilities to be recognised in, Ch. 5, 5.2.4
deferred and other non-cash consideration, Ch. 36, 6.3.2
defined terms, Ch. 5, 1.3
disposals, Ch. 36, 6.3
departures from full retrospective application, Ch. 5, 3.5
first-time adopter, Ch. 5, 7.1
fair value and deemed cost, Ch. 5, 3.3
foreign currency cash flows, Ch. 36, 5.3
first-time adoption timeline, Ch. 5, 3.1
entities applying the direct method, Ch. 36, 5.3.1
hedge accounting in, Ch. 5, 4.5
entities applying the indirect method, Ch. 36, 5.3.2
transitional provisions in other standards, Ch. 5, 3.4
gross/net presentation of cash flows, Ch. 36, 5.2
information required either on the face of the statement of
non-cash transactions and transactions on deferred terms,
financial position or in the notes, Ch. 3, 3.1.6
Ch. 36, 5.4
information required on the face of statement of financial
asset disposals on deferred terms, Ch. 36, 5,4,2
position, Ch. 3, 3.1.5
asset purchases on deferred terms, Ch. 36, 5.4.1
non-current assets and disposal groups held for sale, Ch. 3,
operating, investing and financing activities, allocating items
3.1.2
to, Ch. 36, 4.4
plan surplus or deficit in, treatment of, Ch. 31, 8
cash flows on derivative contracts, Ch. 36, 4.4.9
assets restriction to their recoverable amounts, Ch. 31, 8.2
classification of cash flows, Ch. 36, 4.4.10
net defined benefit liability (asset), Ch. 31, 8.1
factoring of trade receivables, cash
flows from, Ch. 36,
Step acquisitions, Ch. 9, 9
4.4.4
interest and dividends, Ch. 36, 4.4.1
Step-by-step method, Ch. 7, 2.3; Ch. 15, 6.6.3
sales taxes, Ch. 36, 4.4.3
in consolidating foreign operations, Ch. 7, 2.3
Index
201
Step-disposal of a subsidiary, Ch. 7, 3.4
floating interest rate instruments, Ch. 46, 3.3
advance payment, Ch. 7, 3.4
foreign currencies
immediate disposal, Ch. 7, 3.4
foreign entities, Ch. 46, 4.2
‘Step-up’ clause, perpetual instruments, Ch. 43, 4.5.4
instruments, Ch. 46, 4.1
Stepped up exercise price, Ch. 43, 5.1.3
impairment, Ch.47, 1-16
approaches, Ch. 47, 3
Stewardship, Ch. 2, 4.2.3
for corporates, Ch. 47, 4
Straight-line method, assets depreciated using, Ch. 39, 16.1.2
disclosures, Ch. 47, 15
Streaming arrangements, forward-selling contracts to finance
financial assets measured at fair value through other
development, Ch. 39, 12.7.10
comprehensive income, Ch. 47, 9
Stripping costs in the production phase of a surface mine,
general approach, Ch. 47, 6
Ch. 39, 15.5
intercompany loans, Ch. 47, 13
disclosures, Ch. 39, 15.5.5
introduction, Ch.47, 1
initial recognition, Ch. 39, 15.5.3
loan commitments and financial guarantee contracts,
allocating costs between inventory and the stripping
Ch. 47, 11
activity asset, Ch. 39, 15.5.3.A
measurement of ECL’s, Ch. 47, 5
identifying components of the ore body, Ch. 39, 15.5.3.B
modified financial assets, Ch. 47, 8
recognition criteria-stripping activity asset, Ch. 39, 15.5.2
presentation of credit losses, Ch. 47, 14
scope of IFRIC 20, Ch. 39, 15.5.1
revolving credit facilities, Ch. 47, 12
subsequent measurement, Ch. 39, 15.5.4
scope, Ch. 47, 2
Structured entities, Ch. 13, 2.2.1, 2.2.1.B
trade receivables, contract assets and lease receivables,
disclosure of interests in unconsolidated, Ch. 13, 6
Ch. 47, 10
disclosure of the nature of the risks associated with
reclassification of financial assets, Ch. 46, 2.7
consolidated, Ch. 13, 4.4
and recognition of gains and losses, Ch. 46, 2
unconsolidated, Ch. 13, 2.2.2.D
debt financial assets measured at amortised cost,
Subleases, Ch. 23, 8; Ch. 24, 7
Ch. 46, 2.1
definition, Ch. 24, 7.1
debt financial assets measured at fair value through other
disclosure, Ch. 24, 7.5
comprehensive income, Ch. 46, 2.3
International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards Page 1000