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	<title>IFRS LIST.com &#187; INVESTMENTS</title>
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		<title>IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK</title>
		<link>http://www.ifrslist.com/events/2011/11/23/ifrs-event-ifrs-application-for-general-insurers-23-%E2%80%93-24-november-central-london-uk/</link>
		<comments>http://www.ifrslist.com/events/2011/11/23/ifrs-event-ifrs-application-for-general-insurers-23-%E2%80%93-24-november-central-london-uk/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 15:22:33 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EVENTS]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[IFRS 4]]></category>
		<category><![CDATA[INVESTMENTS]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/events/?p=318</guid>
		<description><![CDATA[IFRS Application for GENERAL Insurers
23 – 24 November, Central London, UK 
Visit the Website: http://www.informaglobalevents.com/FKM62275IFLW
10% discount available with VIP Code FKM62275IFLW
This course provides high quality introductory to interme...


Related posts:<ol><li><a href='http://www.ifrslist.com/events/2011/11/15/ifrs-event-ifrs-application-for-life-insurers-15%E2%80%9316-november-central-london-uk/' rel='bookmark' title='Permanent Link: IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK'>IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK</a></li>
<li><a href='http://www.ifrslist.com/events/2011/05/18/london-ifrs-application-for-general-insurers-save-10-as-ifrslist-member/' rel='bookmark' title='Permanent Link: London – IFRS Application for General Insurers – Save 10% as IFRSList member'>London – IFRS Application for General Insurers – Save 10% as IFRSList member</a></li>
<li><a href='http://www.ifrslist.com/2010/09/06/ifrs-application-for-insurers-training-courses-receive-a-special-10-discount-as-an-ifrslist-subscriber/' rel='bookmark' title='Permanent Link: IFRS Application for Insurers Training Courses. Receive a special 10% discount as an IFRSList Subscriber!'>IFRS Application for Insurers Training Courses. Receive a special 10% discount as an IFRSList Subscriber!</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>IFRS Event: IFRS Application for LIFE Insurers 15–16 November, Central London, UK</title>
		<link>http://www.ifrslist.com/events/2011/11/15/ifrs-event-ifrs-application-for-life-insurers-15%E2%80%9316-november-central-london-uk/</link>
		<comments>http://www.ifrslist.com/events/2011/11/15/ifrs-event-ifrs-application-for-life-insurers-15%E2%80%9316-november-central-london-uk/#comments</comments>
		<pubDate>Mon, 19 Sep 2011 15:19:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[EVENTS]]></category>
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		<category><![CDATA[UK]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[LIFE INSURERS]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/events/?p=316</guid>
		<description><![CDATA[IFRS Application for LIFE Insurers
15– 16 November, Central London, UK 
Visit the Website: http://www.informaglobalevents.com/FKM62276IFLW
10% discount available with VIP Code FKM62276IFLW
This course provides high quality introductory to intermediat...


Related posts:<ol><li><a href='http://www.ifrslist.com/events/2011/11/23/ifrs-event-ifrs-application-for-general-insurers-23-%E2%80%93-24-november-central-london-uk/' rel='bookmark' title='Permanent Link: IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK'>IFRS Event: IFRS Application for GENERAL Insurers 23 – 24 November, Central London, UK</a></li>
<li><a href='http://www.ifrslist.com/events/2011/05/24/london-ifrs-application-for-life-insurers-as-ifrslist-you-can-save-10/' rel='bookmark' title='Permanent Link: London – IFRS Application for  Life Insurers – As IFRSList you can save 10%'>London – IFRS Application for  Life Insurers – As IFRSList you can save 10%</a></li>
<li><a href='http://www.ifrslist.com/2010/09/06/ifrs-application-for-insurers-training-courses-receive-a-special-10-discount-as-an-ifrslist-subscriber/' rel='bookmark' title='Permanent Link: IFRS Application for Insurers Training Courses. Receive a special 10% discount as an IFRSList Subscriber!'>IFRS Application for Insurers Training Courses. Receive a special 10% discount as an IFRSList Subscriber!</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Valuation Method</title>
		<link>http://www.ifrslist.com/2008/12/15/valuation-method/</link>
		<comments>http://www.ifrslist.com/2008/12/15/valuation-method/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[DIVIDEND]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[OPTIONS]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-valuation-method/</guid>
		<description><![CDATA[Dear all.


I have a question on valuation of equity investments. 
What is the best method to value an unquoted investment
Cheers
Shehzad  



Well for unquoted investment you could:
If there is substantial market and volume of such equity in the market then, you could value it using market price.
If there is not market, or if, say due to the legal implications (private co. for example), the equity cant have liquidity in the market due to restrictions in transferring such shares, net worth (intrinsic value) method can be used.
There are other options for valuations ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-separate-fs-and-cost-and-equity-method/' rel='bookmark' title='Permanent Link: Separate FS and cost and equity method'>Separate FS and cost and equity method</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-merger-entries/' rel='bookmark' title='Permanent Link: Merger Entries'>Merger Entries</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Categories of financial assets IAS 39</title>
		<link>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/</link>
		<comments>http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
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		<category><![CDATA[LINK]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-categories-of-financial-assets-ias-39subject-to-tainting-rule/</guid>
		<description><![CDATA[
Hi, Members.
 
In regard to the above subject please help me to answer the following question.
 
One of the four categories of financial assets as classified in IAS 39, Financial Instruments: Recognition and Measurement is subject to &#8220;tainting rule&#8221;. Identify the category and explain what is tainting rule.
 
Thanks and Regards.
 

Kibona






Hi,


Tainting Rule means:
Where an entity sells or transfers more than an &#8216;insignificant amount&#8217; of its held-to-maturity investments it must reclassify all of them as available-for-sale. It is then prohibited from classifying any assets as held-to-maturity for the next two full annual financial periods, ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/ifrs-2/' rel='bookmark' title='Permanent Link: IFRS 2'>IFRS 2</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-cash-equivalent/' rel='bookmark' title='Permanent Link: Cash equivalent'>Cash equivalent</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Exceptional Items vs. Extraordinary Items</title>
		<link>http://www.ifrslist.com/2008/12/15/exceptional-items-vs-extraordinary-items/</link>
		<comments>http://www.ifrslist.com/2008/12/15/exceptional-items-vs-extraordinary-items/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:23:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[DOWNLOAD]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IFRS 2]]></category>
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		<category><![CDATA[International]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-re-ifrs-list-exceptional-items-vs-extraordinary-items/</guid>
		<description><![CDATA[Any one please clarify me this&#8230;.
Hari


Hi Team,
Will any one clarify the difference between Exceptional Items &#38;
Extraordinary Items?
With reference to IFRS what is the disclosure policy for the both.
Thanks &#38; Regards,
Hari


Hi Hari,
to my understanding according to IAS 1 there was for several years the
possibility to show extraordinary items in the P+L (IAS 1.85). Since
2004 this seems to be no longer allowed according to Dr. David
Grünberger who is member in the Accounting Regulatory Committee in
Brussels which decides upon the endorsement of new IAS/IFRS standards
within the EU. According to US-GAAP extraordinary items are ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/please-give-me-an-idea-how-to-treat/' rel='bookmark' title='Permanent Link: PLEASE GIVE ME AN IDEA HOW TO TREAT?'>PLEASE GIVE ME AN IDEA HOW TO TREAT?</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
</ol>]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Where can I find pdf copy of US GAAP and US GAAP APB?</title>
		<link>http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/</link>
		<comments>http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[LOCAL GAAP vs IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DIVIDEND]]></category>
		<category><![CDATA[DOWNLOAD]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[EXCHANGE RATE]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[FASB]]></category>
		<category><![CDATA[FOREIGN CURRENCY]]></category>
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		<category><![CDATA[IAS 16]]></category>
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		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IAS 27]]></category>
		<category><![CDATA[IAS 28]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[PROJECT]]></category>
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		<category><![CDATA[US GAAP]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/</guid>
		<description><![CDATA[Do anyone know where I can download copy of US GAAP and US GAAP APB?


Thanks Dessanti for your answer
Our position is less than 1%, we bought in the active market Euro a
little position to speculate in market price.
The IAS 39 don&#8217;t include equity investment as applicable financial
asset to recognized the gain or loss in foreign exchange in the
current period income statement, as its explain as follows:
Available-for-sale financial assets (AFS)…. &#8230; Fair value changes on
AFS assets are recognised directly in equity, through the statement of
changes in equity, except for interest on ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/investment-decision/' rel='bookmark' title='Permanent Link: Investment decision'>Investment decision</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/loan-impairment/' rel='bookmark' title='Permanent Link: Loan Impairment'>Loan Impairment</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Not-for-profit organizations</title>
		<link>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/</link>
		<comments>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERESTS]]></category>
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		<category><![CDATA[PPE]]></category>
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		<description><![CDATA[In Canada, public companies and financial institutions (generally)
will be adopting IFRS in 2011. Private companies will have the choice
between IFRS and or local Canadian standards specifically for them. It
has not been announce yet what will happen with &#8220;Not-for-profit&#8221;
organizations (generally charities), but it seems likely they will
also have a choice between IFRS and local Canadian standards designed
specifically for not-for-profit organizations (essentially the private
company accounting standards with some extras/exceptions).
Can I ask what happens in other countries that are using (or adopting)
IFRS? Do private companies have a choice to adopt IFRS, are there
local ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Standards for sme&#8217;s:not for profit organizations'>Standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/fwd-ifrs-list-standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations'>Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/non-profit-organizations/' rel='bookmark' title='Permanent Link: Non-Profit Organizations'>Non-Profit Organizations</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Impairment Goodwill</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-impairment-goodwill/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-impairment-goodwill/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:19:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CONSOLIDATION]]></category>
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		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 36]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[PROJECT]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[SUBSIDIARY]]></category>
		<category><![CDATA[US GAAP]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-impairment-goodwill/</guid>
		<description><![CDATA[Por favor podría alguien indicarme en donde puedo encontrar
información sobre metodologías para la medición del deterioro del
Goodwill. Sería Adecuado usar multiplos como base para su medición.
Please could someone tell me where can I find information on
methodologies for the measurement of impairment of Goodwill. Could i
use the methodology of multiples as a basis of measurement
Sincerely
Wilmar


Wilmar
You can send me a private note in Spanish if you like
That said as the Group is an English speaking one here is my view
(others might disagree)
1. Under IFRS the impairment testing is two fold
a) Th consolidation ...


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<li><a href='http://www.ifrslist.com/2009/02/05/impairment-for-mining-companies-ee-assets/' rel='bookmark' title='Permanent Link: Impairment for Mining Companies (E&amp;E assets)'>Impairment for Mining Companies (E&amp;E assets)</a></li>
<li><a href='http://www.ifrslist.com/2009/10/05/assessing-for-impairment-indicators-on-transition-date/' rel='bookmark' title='Permanent Link: Assessing for Impairment Indicators on Transition Date'>Assessing for Impairment Indicators on Transition Date</a></li>
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		</item>
		<item>
		<title>Loan Impairment</title>
		<link>http://www.ifrslist.com/2008/12/14/loan-impairment/</link>
		<comments>http://www.ifrslist.com/2008/12/14/loan-impairment/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:45:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CASH FLOW]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-loan-impairment/</guid>
		<description><![CDATA[Is there any guideline for measurement of loan impairment and recognition of interest income by using effective rate method


Asim



well Esther the UK leads the path i.e. the UK tax authorities are the only ones in Europe which accept IFRS reporting to the extent that its website http://www.hmrc.gov.uk/ does have a section allocated to differences between IFRS and UK GAAP
I wish in Germany they had the same thing!!!!!







 

Asim
 
Below is the list of applicable paragraphs from IAS 39 for measurement of loan impairment:
 




                 Financial assets carried at amortized cost







63
If there is objective evidence ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
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<li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
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		</item>
		<item>
		<title>Equity investments AFS is a non-monetary items?</title>
		<link>http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/</link>
		<comments>http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:45:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-equity-investments-afs-is-a-non-monetary-items/</guid>
		<description><![CDATA[Hi all, 


We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item.  
Theses equity investments were made without the intention of take control on any company, just receipt the dividends and sale it in a high level.
Thanks



 
 
Roberto


 
The standard applicable to AFS is IAS 39 even if the investment is in a currency other than your own reporting currency.
Despite the managerial intention, if the percentage of interest owned, directly or indirectly, by your company is ...


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<li><a href='http://www.ifrslist.com/2008/12/15/exceptional-items-vs-extraordinary-items/' rel='bookmark' title='Permanent Link: Exceptional Items vs. Extraordinary Items'>Exceptional Items vs. Extraordinary Items</a></li>
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		</item>
		<item>
		<title>Free hold land</title>
		<link>http://www.ifrslist.com/2008/08/28/free-hold-land/</link>
		<comments>http://www.ifrslist.com/2008/08/28/free-hold-land/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:26:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER IFRS]]></category>
		<category><![CDATA[IAS 40]]></category>
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		<description><![CDATA[Dear Members
Please advice me on the following issue
If the comany has a barren free hold land but intends to construct it in the near future and use for leasing it to get the rental income. please suggest should i treat this barren land as of now under IAS 16 or under IAS 40.
Please advice.
Best regards






It is IAS 40 to use in this case. The free hold land should be valued at cost (interest may be capitalized if there are loans contracted specifically to acquire this land) and disclosed as held for future ...


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		<item>
		<title>Deemed sale of subsidiary</title>
		<link>http://www.ifrslist.com/2008/08/28/re-re-ifrs-list-fw-deemed-sale-of-subsidiary/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-re-ifrs-list-fw-deemed-sale-of-subsidiary/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:09:00 +0000</pubDate>
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		<description><![CDATA[Dear all,

Good day!

A holding company had a subsidiary which is 100% owned. In 6 March 2006, the subsidiary issued new shares from $2 to $50,000 which changed the shareholdings from 100% to 40%.  As I read this is considered as deemed sale. The year ended of the holding company and the subsidiary is 31 December 2006.


These are my queries:

In view of the Holding company, how much is the equity take up considering the date of deemed sale?

In view of the holding company, how to compute for the gain/loss of the deemed ...


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<li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
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		</item>
		<item>
		<title>Equity accounting.</title>
		<link>http://www.ifrslist.com/2008/08/28/re-ifrs-list-equity-accounting/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-ifrs-list-equity-accounting/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 14:42:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
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		<description><![CDATA[Arial;&#8221;>Hi
 
When a parent company preperaing consolidated financials lost control and reaches significant influence , attracking equity method.
 
The change in ownership of subsidiary should be accounted for subsequently or to restate the prior period.
 
That is equity method should be applied from the date of change or should do this restructring from prior period financial staement presented.
thanks 
With Best Wishes and Regards
SHABI


 
Dear Shabih,
 

 
When part of an investment in a subsidiary is sold during the reporting period, the parent should record its investment after the disposal in the consolidated accounts as follows:
- If a ...


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		</item>
		<item>
		<title>Cash equivalent</title>
		<link>http://www.ifrslist.com/2008/08/28/re-ifrs-list-cash-equivalent/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-ifrs-list-cash-equivalent/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 14:42:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
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		<description><![CDATA[Dear all
Please help in deciding what items can be regarded as cash equivalents
&#62;
Thanks in advance!
Regards,
Lina


Cash equivalents are financial instruments that can be easily converted to cash, have high liquidity like stock of quoted companies.





Best Regards.
Alberto


 
 







Lina,
I woul suggest to take a look into IAS 7.6: Short term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insgnificant risk of changes in value. Normally only an investment with a short maturity of three months or less from the date of acquisition.
Regards
Ingo


It usually includes ...


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		<title>IFRS 2</title>
		<link>http://www.ifrslist.com/2008/08/28/ifrs-2/</link>
		<comments>http://www.ifrslist.com/2008/08/28/ifrs-2/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 09:16:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
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		<description><![CDATA[Hi everyone,
 
I have a question on IAS 39 &#8211; Financial Instruments. How can an auditor tell whether a financial asset is available for sale or held for trading?
 
Thanks,
Prithy
 



Generally, when you see that an asset is beeing traded very often, this is an indication that it should be classified as held for trading. However IAS 39 doesn&#8217; t provide us with a &#8220;rule of thumb&#8221; in order to distinguish between available for sale and held for trading portfolio.

I do not know what you mean with held for sale, that sounds also ...


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<li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/categories-of-financial-assets-ias-39/' rel='bookmark' title='Permanent Link: Categories of financial assets IAS 39'>Categories of financial assets IAS 39</a></li>
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		</item>
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		<title>Interest rate Swaps</title>
		<link>http://www.ifrslist.com/2008/08/28/re-ifrs-list-interest-rate-swaps/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-ifrs-list-interest-rate-swaps/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 09:16:00 +0000</pubDate>
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		<description><![CDATA[Hi,
What disclosures does a company need to give for Interest rate swaps and which standards are applicable for this.
Thanks
Aneel



 



Hi Prethy

 

Actually available for sale is an open category that means that if company did not decide where to classify it can be classified as  available for sale. However for held for trading investments are bought to resell for short term gain rather to earn dividend but available for sale normally includes investment which are not held for short term gain rather which are carried for earning long term capital gain or dividend ...


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		</item>
		<item>
		<title>IAS-27 query</title>
		<link>http://www.ifrslist.com/2008/08/28/re-ifrs-list-ias-27-query/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-ifrs-list-ias-27-query/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 09:14:00 +0000</pubDate>
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		<description><![CDATA[Hi All
This is Muhammad Naveed
I have a query regarding the consolidation of subsidiaries. Does IAS-27 allow us to not consolidate subsidiaries which are immaterial for the group?
Is it specifically mentioned somewhere in IAS?
 
Regards
Muhammad


Well Naveed
Actually materiality is an underlying concept of the Financial Statements.So anything which is immaterial needs not to be disclosed or adjusted.
 
Thanks and regards


IAS 1 is the overall standard to refer to:




Materiality and Aggregation
29.        Each material class of similar items shall be presented separately in the financial statements.  Items of a dissimilar nature or function shall be presented separately unless ...


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		</item>
		<item>
		<title>Separate FS and cost and equity method</title>
		<link>http://www.ifrslist.com/2008/08/28/re-ifrs-list-separate-fs-and-cost-and-equity-method/</link>
		<comments>http://www.ifrslist.com/2008/08/28/re-ifrs-list-separate-fs-and-cost-and-equity-method/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 09:13:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
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		<description><![CDATA[Hi all,
 
I am confused regarding the use of cost method or equity method in the separate financial statements of a parent company to report for investments in its subsidiaries.
 
Regards,
 
Osama

 


The Framework and IAS 1 allow both valuation methods. When company accounts are filed in combination with consolidated accounts it is normal business behaviour to include the investments in group companies/subsidiaries at equity value. This is to avoid that shareholders equity is different in the consolidated accounts as compared to the company accounts. However that is not ruled or prescribed by IFRS/IAS. Company ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-equity-accounting/' rel='bookmark' title='Permanent Link: Equity accounting.'>Equity accounting.</a></li>
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</ol>]]></description>
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		<title>Implementation of IFRS in India</title>
		<link>http://www.ifrslist.com/2008/08/27/implementation-of-ifrs-in-india/</link>
		<comments>http://www.ifrslist.com/2008/08/27/implementation-of-ifrs-in-india/#comments</comments>
		<pubDate>Wed, 27 Aug 2008 20:50:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[ACCOUNTING FIRM]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CPA]]></category>
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		<category><![CDATA[IFRS IN INDIA]]></category>
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		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/27/fwd-ifrs-list-implementation-of-ifrs-in-india/</guid>
		<description><![CDATA[
Dear Sir,
 
I am a Chartered Accountant with more than two decades experience audit including listed and private companies and giving consultancy to various other corporate entities.
 
To become IFRS compliant, what are the Accounting Standards, which need to be modified substantially and what are the factors that need to be considered to make the Corporate India&#8217;s Financial Statements to be IFRS compliant.
 
What are the opportunities as an Indian I will have in international area and in emerging economies I will have in the next one or two years and Can I ...


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</ol>]]></description>
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		<item>
		<title>Asset held for resale</title>
		<link>http://www.ifrslist.com/2008/08/27/asset-held-for-resale/</link>
		<comments>http://www.ifrslist.com/2008/08/27/asset-held-for-resale/#comments</comments>
		<pubDate>Wed, 27 Aug 2008 20:46:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
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		<category><![CDATA[HELD TO MATURITY]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 32]]></category>
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		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/27/fwd-ifrs-list-asset-held-for-resale/</guid>
		<description><![CDATA[
Hi, 

 
My name is Aashima Tandon. Can anybody tell me what exactly is asset held for sale and negative goodwill? What 


Hi there,
sale?



Assets held for sale include assets (or groups of
assets to be disposed of) whose carrying amount will
be recovered principally through a sale transaction
rather than through continuing use.
What would be its treatment?
In accordance with IFRS (IFRS 5), discontinued
operations/assets held for sale are measured
at the lower of their carrying amount or fair value
less costs to sell.
Discontinued operations/assets held for sale are
presented in the financial statements as follows:
• On the balance ...


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</ol>]]></description>
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