91 paragraphs found in INT 2
The entity has the unconditional right to refuse redemption and the members’ shares are equity. AASB 132 establishes principles for classification that are based on the terms of the financial instrument and notes that a history of, or intention to make, …
In September 2005, AASB 132 was amended as AASB 132 Financial Instruments: Presentation . In March 2008 the AASB amended AASB 132 by requiring instruments to be classified as equity if those instruments have all the features and meet the conditions in …
Co-operatives and other similar entities are formed by groups of persons to meet common economic or social needs. National laws typically define a co-operative as a society endeavouring to promote its members’ economic advancement by way of a joint …
AASB 132 establishes principles for the classification of financial instruments as financial liabilities or equity. In particular, those principles apply to the classification of puttable instruments that allow the holder to put those instruments to the …
This Interpretation applies to financial instruments within the scope of AASB 132 , including financial instruments issued to members of co-operative entities that evidence the members’ ownership interest in the entity. This Interpretation does not apply …
Many financial instruments, including members’ shares, have characteristics of equity, including voting rights and rights to participate in dividend distributions. Some financial instruments give the holder the right to request redemption for cash or …
The contractual right of the holder of a financial instrument (including members’ shares in co-operative entities) to request redemption does not, in itself, require that financial instrument to be classified as a financial liability. Rather, the entity …
Members’ shares that would be classified as equity if the members did not have a right to request redemption are equity if either of the conditions described in paragraphs 7 and 8 is present or the members’ shares have all the features and meet the …
Members’ shares are equity if the entity has an unconditional right to refuse redemption of the members’ shares. …