72 paragraphs found in INT 5
The IFRIC noted that the right to reimbursement relates to a decommissioning obligation for which a provision would be recognised and measured in accordance with IAS 37. Paragraph 36 of IAS 37 requires such provisions to be measured at ‘the best estimate …
In contrast, the IFRIC noted that the amount in paragraph BC15(b) —ie the fair value of the reimbursement right—would take into account the factors such as liquidity that the IFRIC believed to be difficult to measure reliably. Furthermore, this amount …
Consequently, the IFRIC concluded that the approach in paragraph BC15(a) would provide the most useful information to users. …
Many respondents to D4 expressed concern about the ‘asset cap’ that is imposed by the requirement in paragraph 9 . This asset cap limits the amount recognised as a reimbursement asset to the amount of the decommissioning obligation recognised. These …
The IFRIC concluded that a right to benefit from a repayment of any surplus in the fund that exists once all the decommissioning has been completed or on winding up the fund may be an equity instrument within the scope of IAS 39, [13] in which case IAS 39 …
IFRS 9 Financial Instruments replaced IAS 39. IFRS 9 applies to all items that were previously within the scope of IAS 39. …
The reference to the Framework is to IASC’s Framework for the Preparation and Presentation of Financial Statements , adopted by the IASB in 2001. In September 2010 the IASB replaced the Framework with the Conceptual Framework for Financial Reporting …
The IFRIC also considered arguments that there should not be a difference between the treatment of a surplus when a fund is accounted for as a subsidiary, joint venture or associate, and when it is not. However, the IFRIC noted that, under IFRSs, …
In some cases, a contributor has an obligation to make potential additional contributions, for example, in the event of the bankruptcy of another …
The IFRIC noted that by ‘joining’ the fund, a contributor may assume the position of guarantor of the contributions of the other contributors, and hence become jointly and severally liable for the obligations of other contributors. Such an obligation is a …