and trials, including employee benefits for dedicated internal employees; • Compensation paid to patients or their relatives; • Directly attributable costs such as fees to transfer a legal right and the amortisation of patents and licences that are used to generate the asset; • Overheads ...
IFRS requires a choice between two expense classifications based on which is reliable and more relevant. What are these expense classifications?A. By the function of the expense and by the cost of the expense.B. By the nature of the expense and the duration of the expense.C. By the cost...
Remuneration 30 31 2.7 Capital Structure and Financial Instruments 31 35. Total Equity 36. Capital Management 37. Net Cash 31 38. Financial Instruments 32 32 2.8 Other Notes 36 39. Litigation and Claims 40. Auditor Fees 37 41. Events after the Reporting Date 37 2.9 Appendix "Simplified ...
IFRS 15 states very precise and detailed guidance onwhether the goods or services promised under the contract are distinctand whether they can be consideredseparate performance obligations or not. Of course, you need to perform your analysis and I tell you – your conclusion might be pretty differ...
Hi Silvia, for gym membership businesses , if the members had subscribed for memberships in 2019 (12mths), but the membership duration is overlap (6mth in 2019 – fees paid and 6mth in 2020 – fees unpaid) whereby the FY for this gym is 31 Dec 2019, does the 6mth membership fee in...
Well, it’s simple and easy when you sell goods, but how about long-term contracts or some sort of services? You need to have some rules onWHEN to recognize the revenuefrom all these things, because all your profits and losses, your reputation in front of the outside world and your ta...
and cash equivalents2 IFRS7p20(a)(i), Other net changes in fair value on financial assets and financial liabilities at fair value 1p35 through profit or loss 1p85 Total net income/(loss) 1p85,99 Expenses Management fee Custodian, secretarial and administration fees Transaction costs Directors'...
party capital) offset by the benefit from reclassification of non-attributable expenses of 2.4 percentage points (related to ILS fee income) and discounting of 1.1 percentage points, which is less pronounced compared with other business units due to the shorter duration of the Hiscox Re & ILS ...
Our auditors say that we have a financial guarantee under IFRS 9 and we should account for it. But how? Also, we issued a general guarantee to support our subsidiary in case of the negative equity – should we also account for this guarantee?” ...
Well, it’s simple and easy when you sell goods, but how about long-term contracts or some sort of services? You need to have some rules onWHEN to recognize the revenuefrom all these things, because all your profits and losses, your reputation in front of the outside world and your ta...