285 paragraphs found in AASB 11
The board of entity C decides to enter into a financing arrangement with a syndicate of lenders to help fund the development of the gas field and construction of the LNG facility. The estimated total cost of the development and construction is CU1,000 …
The lending syndicate provides entity C with a CU700 million loan. The arrangement specifies that the syndicate has recourse to companies A and B only if entity C defaults on the loan arrangement during the development of the field and construction of the …
The joint arrangement is carried out through a separate vehicle whose legal form confers separation between the parties and the separate vehicle. The terms of the contractual arrangement do not specify that the parties have rights to the assets, or …
There are no other facts and circumstances that indicate that the parties have rights to substantially all the economic benefits of the assets of entity C and that the parties have an obligation for the liabilities of entity C. The joint arrangement is a …
The parties recognise their rights to the net assets of entity C as investments and account for them using the equity method. Example 7—Accounting for acquisitions of interests in joint operations in which the activity constitutes a …
Companies A, B and C have joint control of Joint Operation D whose activity constitutes a business, as defined in AASB 3 Business …
Company E acquires company A’s 40 per cent ownership interest in Joint Operation D at a cost of CU300 and incurs acquisition-related costs of …
The contractual arrangement between the parties that Company E joined as part of the acquisition establishes that Company E’s shares in several assets and liabilities differ from its ownership interest in Joint Operation D. The following table sets out …
Company E’s share in the assets and liabilities related to Joint Operation D Property, plant and equipment 48% Intangible assets (excluding goodwill) 90% Accounts receivable 40% Inventory 40% Retirement benefit obligations 15% …
Company E recognises in its financial statements its share of the assets and liabilities resulting from the contractual arrangement (see paragraph …