91 paragraphs found in INT 2
In this case, CU750,000 would be classified as equity and CU150,000 would be classified as financial liabilities. In addition to the paragraphs already cited, paragraph 18(b) of AASB 132 states in part: … a financial instrument that gives the holder the …
The redemption prohibition described in this example is different from the restrictions described in paragraphs 19 and AG25 of AASB 132. Those restrictions are limitations on the ability of the entity to pay the amount due on a financial liability, ie …
The facts of this example are as stated in example 4. In addition, at the end of the reporting period, liquidity requirements imposed in the local jurisdiction prevent the entity from redeeming any members’ shares unless its holdings of cash and …
As in example 4, the entity classifies CU750,000 as equity and CU150,000 as a financial liability. This is because the amount classified as a liability is based on the entity’s unconditional right to refuse redemption and not on conditional restrictions …
The entity’s governing charter prohibits it from redeeming members’ shares, except to the extent of proceeds received from the issue of additional members’ shares to new or existing members during the preceding three years. Proceeds from issuing members’ …
The entity classifies CU12,000 of the members’ shares as financial liabilities. Consistently with the conclusions described in example 4, members’ shares subject to an unconditional prohibition against redemption are not financial liabilities. Such an …