105 paragraphs found in INT 16
After IFRIC 16 was issued, it was brought to the attention of the International Accounting Standards Board that this conclusion was not correct. Without hedge accounting, part of the foreign exchange difference arising from the hedging instrument would be …
Some respondents to the exposure draft Post-implementation Revisions to IFRIC Interpretations (ED/2009/1) agreed that a parent entity should be able to use a derivative held by the foreign operation being hedged as a hedge of the net investment in that …
In its redeliberations, the Board confirmed its previous decision that the amendment should not be restricted to derivative instruments. The Board noted that paragraphs AG13–AG15 of IFRIC 16 illustrate that a non-derivative instrument held by the foreign …
The IFRIC also concluded that to apply the conclusion in paragraph BC23 when determining the effectiveness of a hedging instrument in the hedge of a net investment, an entity computes the gain or loss on the hedging instrument by reference to the …
In the draft Interpretation the IFRIC noted Question F.2.14 in the guidance on implementing IAS 39, on the location of the hedging instrument, and considered whether that guidance could be applied by analogy to a net investment hedge. The answer to …
In its redeliberations, the IFRIC considered both the International Accounting Standards Board’s amendment to IAS 21 in 2005 and the objective of hedging a net investment described in IAS 39 in addition to the guidance on implementing IAS …
In 2005 the Board was asked to clarify which entity is the reporting entity in IAS 21 and therefore what instruments could be considered part of a reporting entity’s net investment in a foreign operation. In particular, constituents questioned whether a …
In response the Board added IAS 21 paragraph 15A to clarify that ‘The entity that has a monetary item receivable from or payable to a foreign operation described in paragraph 15 may be any subsidiary of the group.’ The Board explained its reasons for the …
Consistently with the Board’s conclusion with respect to monetary items that are part of the net investment , the IFRIC concluded that monetary items (or derivatives) that are hedging instruments in a hedge of a net investment may be held by any entity …