72 paragraphs found in INT 5
The purpose of decommissioning, restoration and environmental rehabilitation funds, hereafter referred to as ‘decommissioning funds’ or ‘funds’, is to segregate assets to fund some or all of the costs of decommissioning plant (such as a nuclear plant) or …
Contributions to these funds may be voluntary or required by regulation or law. The funds may have one of the following structures: (a) funds that are established by a single contributor to fund its own decommissioning obligations, whether for a …
Such funds generally have the following features: (a) the fund is separately administered by independent trustees. (b) entities (contributors) make contributions to the fund, which are invested in a range of assets that may include both debt and equity …
This Interpretation applies to accounting in the financial statements of a contributor for interests arising from decommissioning funds that have both of the following features: (a) the assets are administered separately (either by being held in a …
A residual interest in a fund that extends beyond a right to reimbursement, such as a contractual right to distributions once all the decommissioning has been completed or on winding up the fund, may be an equity instrument within the scope of AASB 9 and …
The issues addressed in this Interpretation are: (a) how should a contributor account for its interest in a fund? (b) when a contributor has an obligation to make additional contributions, for example, in the event of the bankruptcy of another …
The contributor shall recognise its obligation to pay decommissioning costs as a liability and recognise its interest in the fund separately unless the contributor is not liable to pay decommissioning costs even if the fund fails to …
The contributor shall determine whether it has control or joint control of, or significant influence over, the fund by reference to AASB 10 , AASB 11 and AASB 128 . If it does, the contributor shall account for its interest in the fund in accordance with …
If a contributor does not have control or joint control of, or significant influence over, the fund, the contributor shall recognise the right to receive reimbursement from the fund as a reimbursement in accordance with AASB 137 . This reimbursement shall …
When a contributor has an obligation to make potential additional contributions, for example, in the event of the bankruptcy of another contributor or if the value of the investment assets held by the fund decreases to an extent that they are insufficient …