105 paragraphs found in INT 16
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 …
The IFRIC noted that its conclusions that the hedging instrument can be held by any entity in the group and that the foreign currency is determined at the relevant parent entity level have implications for the designation of hedged risks. As illustrated …
The IFRIC also noted that the objective of hedge accounting as set out in IAS 39 is to achieve offsetting changes in the values of the hedging instrument and of the net investment attributable to the hedged risk. Changes in foreign currency rates affect …
In response to requests from some respondents for clarification, the IFRIC discussed what amounts from the parent entity’s foreign currency translation reserve in respect of both the hedging instrument and the foreign operation should be recognised in …
The IFRIC noted that when an entity hedges a net investment in a foreign operation, IAS 39 requires it to identify the cumulative amount included in the group’s foreign currency translation reserve as a result of applying hedge accounting, ie the amount …