commiss regul ec septemb adopt intern account standard accord regul ec european parliament council text eea relev commiss european commun regard treati establish european commun regard regul ec european parliament council juli applic intern account standard articl thereof regul ec requir financi year start januari publicli trade compani govern law member state condit prepar consolid account conform intern account standard defin articl regul commiss consid advic provid account technic committe conclud intern account standard exist septemb meet criteria adopt set articl regul ec commiss consid current improv project propos amend exist standard intern account standard result finalis propos consid adopt standard final exist propos amend exist standard impact commiss decis endors exist standard case ia financi instrument disclosur present ia financi instrument recognit measur small number interpret relat standard sic classif financi instrument conting settlement provis sic share capit reacquir equiti instrument treasuri share sic equiti cost equiti transact exist high qualiti standard deal financi instrument includ deriv import commun capit market case ia ia amend consid consider adopt standard time current improv project complet revis standard issu commiss matter prioriti adopt revis standard regul ec intern account standard exist septemb ia ia relat interpret adopt measur provid regul accord opinion account regulatori committe adopt regul articl intern account standard set annex adopt articl regul enter forc dai public offici journal european union regul bind entireti directli applic member state brussel septemb commiss frederik bolkestein member commiss oj annex gt tabl gt note appendic standard interpret consid part standard interpret reproduc reproduct allow european econom area exist right reserv eee except reproduc purpos person fair deal inform obtain iasb www iasb org uk intern account standard ia revis present financi statement revis intern account standard supersed ia disclosur account polici ia inform disclos financi statement ia present current asset current liabil approv board reformat version ia revis approv iasc board juli effect financi statement cover period begin juli ia revis event balanc sheet date amend paragraph amend text effect ia revis effect annual financi statement cover period begin januari sic interpret relat ia sic time applic iass primari basi account sic consist altern method sic evalu substanc transact legal form leas sic disclosur servic concess arrang introduct standard quot ia revis quot replac intern account standard ia disclosur account polici ia inform disclos financi statement ia present current asset current liabil ia revis effect account period begin juli requir consist exist standard earlier applic encourag standard updat requir standard replac consist iasc framework prepar present financi statement addit design improv qualiti financi statement present intern account standard ensur financi statement state complianc ia compli applic standard includ disclosur requir ensur departur ia requir restrict extrem rare case instanc complianc monitor guidanc issu provid guidanc structur financi statement includ minimum requir primari statement account polici note illustr appendix establish base framework practic requir issu materi concern select account polici standard exist consist present compar inform deal user demand comprehens inform quot perform quot measur broadli quot profit quot shown incom statement standard establish requir primari financi statement show gain loss present incom statement statement present quot tradit quot equiti reconcili column form statement perform iasc board agre principl april undertak review perform measur report project initi interact perform report object report iasc framework iasc develop propos area standard appli enterpris report accord ia includ bank insur compani minimum structur design suffici flexibl adapt enterpris bank develop present compli standard detail requir ia disclosur financi statement bank similar financi institut content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context prefac intern account standard intern account standard intend appli immateri item paragraph prefac object object standard prescrib basi present gener purpos financi statement order ensur compar enterpris financi statement previou period financi statement enterpris achiev object standard set consider present financi statement guidelin structur minimum requir content financi statement recognit measur disclosur specif transact event dealt intern account standard scope standard appli present gener purpos financi statement prepar present accord intern account standard gener purpos financi statement intend meet user posit demand report tailor meet specif inform gener purpos financi statement includ present separ public document annual report prospectu standard appli condens interim financi inform standard appli equal financi statement individu enterpris consolid financi statement group enterpris preclud present consolid financi statement compli intern account standard financi statement parent compani nation requir document long basi prepar disclos statement account polici standard appli type enterpris includ bank insur enterpris addit requir bank similar financi institut consist requir standard set ia disclosur financi statement bank similar financi institut standard terminolog suitabl enterpris profit object public sector busi enterpris appli requir standard profit govern public sector enterpris seek appli standard amend descript line item financi statement financi statement enterpris present addit compon financi statement purpos financi statement financi statement structur financi represent financi posit transact undertaken enterpris object gener purpos financi statement provid inform financi posit perform cash flow enterpris wide rang user make econom decis financi statement show result manag stewardship resourc entrust meet object financi statement provid inform enterpris asset liabil equiti incom expens includ gain loss cash flow inform inform note financi statement assist user predict enterpris futur cash flow time certainti gener cash cash equival respons financi statement board director govern bodi enterpris respons prepar present financi statement compon financi statement complet set financi statement includ compon balanc sheet incom statement statement show equiti ii equiti aris capit transact owner distribut owner cash flow statement account polici explanatori note enterpris encourag present financi statement financi review manag describ explain main featur enterpris financi perform financi posit princip uncertainti face report includ review main factor influenc determin perform includ environ enterpris oper enterpris respons effect enterpris polici invest maintain enhanc perform includ dividend polici enterpris sourc fund polici gear risk manag polici strength resourc enterpris reflect balanc sheet intern account standard enterpris present financi statement addit statement environment report ad statement industri environment factor signific employe consid import user group enterpris encourag present addit statement manag believ assist user make econom decis consider fair present complianc intern account standard financi statement present fairli financi posit financi perform cash flow enterpris applic intern account standard addit disclosur result virtual circumst financi statement achiev fair present enterpris financi statement compli intern account standard disclos fact financi statement compli intern account standard compli requir applic standard applic interpret stand interpret committe inappropri account treatment rectifi disclosur account polici note explanatori materi extrem rare circumst manag conclud complianc requir standard mislead departur requir achiev fair present enterpris disclos manag conclud financi statement fairli present enterpris financi posit financi perform cash flow compli materi respect applic intern account standard depart standard order achiev fair present standard enterpris depart natur departur includ treatment standard requir reason treatment mislead circumst treatment adopt financi impact departur enterpris net profit loss asset liabil equiti cash flow period present financi statement quot base quot quot compli signific requir quot quot complianc account requir quot intern account standard inform clear signific disclosur requir account requir met statement mislead detract reliabl understand financi statement order ensur financi statement state complianc intern account standard meet standard requir user internation standard includ requir financi statement give fair present guidanc fair present requir met guidanc determin extrem rare circumst departur requir promin disclosur circumst surround departur exist conflict nation requir suffici justifi departur financi statement prepar intern account standard virtual circumst fair present achiev complianc materi respect applic intern account standard fair present requir select appli account polici accord paragraph present inform includ account polici manner relev reliabl compar understand inform provid addit disclosur requir intern account standard insuffici enabl user understand impact transact event enterpris financi posit financi perform extrem rare circumst applic specif requir intern account standard result mislead financi statement case treatment requir standard inappropri fair present achiev appli standard addit disclosur departur simpli treatment give fair present assess departur specif requir intern account standard consider object requir object achiev relev circumst enterpris circumst differ enterpris follow requir circumst requir departur expect extrem rare departur matter consider debat subject judgement import user awar enterpris compli materi respect intern account standard import suffici inform enabl make inform judgement departur calcul adjust requir compli standard iasc monitor instanc complianc brought attent enterpris auditor regul clarif interpret amend standard ensur departur remain extrem rare circumst accord specif provis standard intern account standard appli effect date fact disclos account polici manag select appli enterpris account polici financi statement compli requir applic intern account standard interpret stand interpret committe specif requir manag develop polici ensur financi statement provid inform relev decis make user reliabl repres faithfulli result financi posit enterpris ii reflect econom substanc event transact legal form iii neutral free bia iv prudent complet materi respect account polici specif principl base convent rule practic adopt enterpris prepar present financi statement absenc specif intern account standard interpret stand interpret committe manag judgement develop account polici inform user enterpris financi statement make judgement manag consid requir guidanc intern account standard deal similar relat issu definit recognit measur criteria asset liabil incom expens set iasc framework pronounc standard set bodi accept industri practic extent extent consist paragraph concern prepar financi statement manag make assess enterpris abil continu concern financi statement prepar concern basi manag intend liquid enterpris ceas trade realist altern manag awar make assess materi uncertainti relat event condit cast signific doubt enterpris abil continu concern uncertainti disclos financi statement prepar concern basi fact disclos basi financi statement prepar reason enterpris consid concern assess concern assumpt manag take account inform forese futur limit month balanc sheet date degre consider depend fact case enterpris histori profit oper readi access financi resourc conclus concern basi account reach detail analysi case manag wide rang factor surround current expect profit debt repay schedul potenti sourc replac financ satisfi concern basi accrual basi account enterpris prepar financi statement cash flow inform accrual basi account accrual basi account transact event recognis occur cash equival receiv paid record account record report financi statement period relat expens recognis incom statement basi direct associ cost incur earn specif item incom match applic match concept recognit item balanc sheet meet definit asset liabil consist present present classif item financi statement retain period signific chang natur oper enterpris review financi statement present demonstr chang result present event transact chang present requir intern account standard interpret stand interpret committe signific acquisit dispos review financi statement present suggest financi statement present differ revis structur continu benefit altern present clear enterpris chang present financi statement present made enterpris reclassifi compar inform accord paragraph chang present compli nation requir permit long revis present consist requir standard materi aggreg materi item present separ financi statement immateri amount aggreg amount similar natur function present separ financi statement result process larg quantiti transact structur aggreg group natur function final stage process aggreg classif present condens classifi data form line item face financi statement note line item individu materi aggreg item face financi statement note item suffici materi warrant separ present face financi statement suffici materi present separ note context inform materi disclosur influenc econom decis user basi financi statement materi depend size natur item judg circumst omiss decid item aggreg item materi natur size item evalu depend circumst natur size item determin factor individu asset natur function aggreg individu amount larg larg item differ natur function present separ materi specif disclosur requir intern account standard met result inform materi offset asset liabil offset offset requir permit intern account standard item incom expens offset intern account standard requir permit gain loss relat expens aris similar transact event materi amount aggreg accord paragraph import asset liabil incom expens materi report separ offset incom statement balanc sheet offset reflect substanc transact event detract abil user understand transact undertaken assess futur cash flow enterpris report asset net valuat allow obsolesc allow inventori doubt debt allow receiv offset ia revenu defin term revenu requir measur fair consider receiv receiv take account amount trade discount volum rebat allow enterpris enterpris undertak ordinari activ transact gener revenu incident main revenu gener activ result transact present present reflect substanc transact event net incom relat expens aris transact gain loss dispos current asset includ invest oper asset report deduct proce dispos carri amount asset relat sell expens expenditur reimburs contractu arrang parti let agreement net relat reimburs extraordinari item present net relat taxat minor interest gross amount shown note addit gain loss aris group similar transact report net basi foreign exchang gain loss gain loss aris financi instrument held trade purpos gain loss report separ size natur incid separ disclosur requir ia net profit loss period fundament error account polici compar inform intern account standard permit requir compar inform disclos respect previou period numer inform financi statement compar inform includ narr descript inform relev understand current period financi statement case narr inform provid financi statement previou period continu relev current period detail legal disput outcom uncertain balanc sheet date resolv disclos current period user benefit inform uncertainti exist balanc sheet date step period resolv uncertainti present classif item financi statement amend compar amount reclassifi impractic ensur compar current period natur amount reason reclassif disclos impractic reclassifi compar amount enterpris disclos reason reclassifi natur made amount reclassifi circumst exist impractic reclassifi compar inform achiev compar current period data collect previou period reclassif practic recreat inform circumst natur adjust compar amount made disclos ia deal adjust requir compar inform chang account polici appli retrospect structur content introduct standard requir disclosur face financi statement requir line item disclos face financi statement note set recommend format appendix standard enterpris follow circumst ia structur present cash flow statement standard term disclosur broad sens encompass item present face financi statement note financi statement disclosur requir intern account standard made accord requir standard standard specifi contrari disclosur made face relev financi statement note identif financi statement financi statement identifi distinguish inform publish document intern account standard appli financi statement inform present annual report document import user distinguish inform prepar intern account standard inform user subject standard compon financi statement identifi addit inform promin displai repeat proper understand inform present report enterpris mean identif financi statement cover individu enterpris group enterpris balanc sheet date period cover financi statement whichev relat compon financi statement report currenc level precis present figur financi statement requir paragraph met present page head abbrevi column head page financi statement judgement requir determin present inform financi statement read electron separ page item present frequent ensur proper understand inform financi statement made understand present inform thousand million unit report currenc accept long level precis present disclos relev inform lost report period financi statement present annual except circumst enterpris balanc sheet date annual financi statement present period longer shorter year enterpris disclos addit period cover financi statement reason period year fact compar amount incom statement equiti cash flow relat note compar except circumst enterpris requir decid chang balanc sheet date acquisit enterpris enterpris balanc sheet date case import user awar amount shown current period compar amount compar reason chang balanc sheet date disclos financi statement consist prepar cover year period enterpris prefer report week period practic reason standard preclud practic result financi statement materi present year timeli us financi statement impair made user reason period balanc sheet date enterpris posit issu financi statement month balanc sheet date ongo factor complex enterpris oper suffici reason fail report time basi specif deadlin dealt legisl market regul jurisdict balanc sheet current current distinct enterpris determin base natur oper present current current asset current current liabil separ classif face balanc sheet paragraph standard appli distinct made enterpris choos make classif asset liabil present broadli order liquid whichev method present adopt enterpris disclos asset liabil item combin amount expect recov settl month balanc sheet date amount expect recov settl month enterpris suppli good servic identifi oper cycl separ classif current current asset liabil face balanc sheet inform distinguish net asset continu circul work capit enterpris long term oper highlight asset expect realis current oper cycl liabil due settlement period inform matur date asset liabil assess liquid solvenc enterpris ia financi instrument disclosur present requir disclosur matur date financi asset financi liabil financi asset includ trade receiv financi liabil includ trade payabl inform expect date recoveri settlement monetari asset liabil inventori provis asset liabil classifi current current enterpris disclos amount inventori expect recov year balanc sheet date current asset asset classifi current asset expect realis held sale consumpt normal enterpris oper cycl held primarili trade purpos short term expect realis month balanc sheet date cash cash equival asset restrict asset classifi current asset standard term quot current quot includ tangibl intang oper financi asset long term natur prohibit altern descript long mean clear oper cycl enterpris time acquisit materi enter process realis cash instrument readili convert cash current asset includ inventori trade receiv sold consum realis part normal oper cycl expect realis month balanc sheet date market secur classifi current asset expect realis month balanc sheet date classifi current asset current liabil liabil classifi current liabil expect settl normal enterpris oper cycl due settl month balanc sheet date liabil classifi current liabil current liabil categoris similar current asset current liabil trade payabl accrual employe oper cost form part work capit normal oper cycl busi oper item classifi current liabil due settl month balanc sheet date current liabil settl part current oper cycl due settlement month balanc sheet date exampl current portion interest bear liabil bank overdraft dividend payabl incom tax trade payabl interest bear liabil provid financ work capit long term basi due settlement month current liabil enterpris continu classifi long term interest bear liabil current due settl month balanc sheet date origin term period month enterpris intend refin oblig long term basi intent support agreement refin reschedul payment complet financi statement authoris issu amount liabil exclud current liabil accord paragraph inform support present disclos note balanc sheet oblig due repaid oper cycl expect refinanc quot roll quot discret enterpris expect current work capit enterpris oblig consid form part enterpris long term financ classifi current situat refinanc discret enterpris case agreement refin refinanc consid automat oblig classifi current complet refinanc agreement authoris financi statement issu evid substanc liabil balanc sheet date long term borrow agreement incorpor undertak borrow coven effect liabil payabl demand condit relat borrow financi posit breach circumst liabil classifi current lender agre prior authoris financi statement issu demand payment consequ breach probabl breach occur month balanc sheet date inform present face balanc sheet minimum face balanc sheet includ line item present amount properti plant equip intang asset financi asset exclud amount shown invest account equiti method inventori trade receiv cash cash equival trade payabl tax liabil asset requir ia incom tax provis current interest bear liabil minor interest issu capit reserv addit line item head total present face balanc sheet intern account standard requir present present fairli enterpris financi posit standard prescrib order format item present paragraph simpli list item natur function deserv separ present face balanc sheet illustr format set appendix standard adjust line item includ line item ad intern account standard requir separ present face balanc sheet size natur function item separ present assist present fairli enterpris financi posit descript order item amend natur enterpris transact provid inform understand enterpris financi posit bank amend descript order appli specif requir paragraph ia disclosur financi statement bank similar financi institut line item list paragraph broad natur limit item fall scope standard line item intang asset includ goodwil asset aris develop expenditur judgement addit item separ present base assess natur liquid asset materi lead case separ present goodwil asset aris develop expenditur monetari monetari asset current current asset function enterpris lead separ present oper financi asset inventori receiv cash cash equival asset amount natur time liabil lead separ present interest bear interest bear liabil provis classifi current current asset liabil differ natur function subject measur base class properti plant equip carri cost revalu amount accord ia measur base class asset suggest natur function differ present separ line item inform present face balanc sheet note enterpris disclos face balanc sheet note balanc sheet classif line item present classifi manner enterpris oper item classifi natur amount payabl receiv parent enterpris fellow subsidiari associ relat parti disclos separ detail provid classif face balanc sheet note depend requir intern account standard size natur function amount involv factor set paragraph decid basi classif disclosur vari item tangibl asset classifi class ia properti plant equip receiv analys amount receiv trade custom member group receiv relat parti prepay amount inventori classifi accord ia inventori classif merchandis product suppli materi work progress finish good provis analys show separ provis employe benefit cost item classifi manner enterpris oper equiti capit reserv analys show separ class paid capit share premium reserv enterpris disclos face balanc sheet note class share capit number share authoris ii number share issu fulli paid issu fulli paid iii par share share par iv reconcili number share outstand begin end year right prefer restrict attach class includ restrict distribut dividend repay capit vi share enterpris held enterpris subsidiari associ enterpris vii share reserv issuanc option sale contract includ term amount descript natur purpos reserv owner equiti amount dividend propos declar balanc sheet date financi statement authoris issu amount cumul prefer dividend recognis enterpris share capit partnership disclos inform equival requir show movement period categori equiti interest right prefer restrict attach categori equiti interest incom statement inform present face incom statement minimum face incom statement includ line item present amount revenu result oper activ financ cost share profit loss associ joint ventur account equiti method tax expens profit loss ordinari activ extraordinari item minor interest net profit loss period addit line item head total present face incom statement requir intern account standard present present fairli enterpris financi perform effect enterpris activ transact event differ stabil risk predict disclosur element perform assist understand perform achiev assess futur result addit line item includ face incom statement descript order item amend explain element perform factor consider includ materi natur function compon incom expens bank amend descript order appli specif requir paragraph ia incom expens item offset criteria paragraph met inform present face incom statement note enterpris present face incom statement note incom statement analysi expens classif base natur expens function enterpris enterpris encourag present analysi paragraph face incom statement expens item classifi order highlight rang compon financi perform differ term stabil potenti gain loss predict inform provid wai analysi refer natur expens method expens aggreg incom statement natur depreci purchas materi transport cost wage salari advertis cost realloc function enterpris method simpl appli smaller enterpris alloc oper expens function classif classif natur expens method gt tabl gt chang finish good work progress period repres adjust product expens reflect fact product increas inventori level sale excess product reduc inventori level jurisdict increas finish good work progress period present immedi revenu analysi present impli amount repres incom analysi refer function expens quot cost sale quot method classifi expens function part cost sale distribut administr activ present relev inform user classif expens natur alloc cost function arbitrari involv consider judgement classif function expens method gt tabl gt enterpris classifi expens function disclos addit inform natur expens includ depreci amortis expens staff cost choic analysi cost sale method natur expenditur method depend histor industri factor natur organis method provid indic cost expect vari directli indirectli level sale product enterpris method present merit type enterpris standard requir choic classif base fairli present element enterpris perform inform natur expens predict futur cash flow addit disclosur requir cost sale classif enterpris disclos face incom statement note amount dividend share declar propos period cover financi statement equiti enterpris present separ compon financi statement statement show net profit loss period item incom expens gain loss requir standard recognis directli equiti total item cumul effect account polici correct fundament error dealt benchmark treatment ia addit enterpris present statement note capit transact owner distribut owner balanc accumul profit loss begin period balanc sheet date movement period reconcili carri amount class equiti capit share premium reserv begin end period separ disclos movement enterpris equiti balanc sheet date reflect increas decreas net asset wealth period measur principl adopt disclos financi statement result transact sharehold capit contribut dividend chang equiti repres total gain loss gener enterpris activ period ia net profit loss period fundament error account polici requir item incom expens recognis period includ determin net profit loss period intern account standard requir permit standard requir gain loss revalu surplus deficit foreign exchang differ recognis directli equiti capit transact distribut enterpris owner import consider gain loss assess enterpris financi posit balanc sheet date standard requir separ compon financi statement highlight enterpris total gain loss includ recognis directli equiti requir paragraph met number wai approach adopt jurisdict columnar format reconcil open close balanc element sharehold equiti includ item altern present separ compon financi statement present item approach item shown note financi statement approach illustr appendix standard whichev approach adopt paragraph requir total item enabl user deriv total gain loss aris enterpris activ period cash flow statement ia set requir present cash flow statement relat disclosur state cash flow inform provid user financi statement basi assess abil enterpris gener cash cash equival enterpris utilis cash flow note financi statement structur note financi statement enterpris present inform basi prepar financi statement specif account polici select appli signific transact event disclos inform requir intern account standard present financi statement provid addit inform present face financi statement fair present note financi statement present systemat manner item face balanc sheet incom statement cash flow statement cross referenc relat inform note note financi statement includ narr descript detail analys amount shown face balanc sheet incom statement cash flow statement statement equiti addit inform conting liabil commit includ inform requir encourag disclos intern account standard disclosur achiev fair present note present order assist user understand financi statement compar enterpris statement complianc intern account standard paragraph statement measur basi base account polici appli support inform item present face financi statement order line item financi statement present disclosur includ conting commit financi disclosur ii financi disclosur circumst desir vari order specif item note inform interest rate fair adjust combin inform matur financi instrument incom statement disclosur relat balanc sheet systemat structur note retain practic inform basi prepar financi statement specif account polici present separ compon financi statement present account polici account polici section note financi statement describ measur basi base prepar financi statement specif account polici proper understand financi statement addit specif account polici financi statement import user awar measur basi base histor cost current cost realis fair present form basi financi statement prepar measur basi financi statement current asset revalu suffici provid indic categori asset liabil measur basi appli decid specif account polici disclos manag consid disclosur assist user understand transact event reflect report perform financi posit account polici enterpris present includ restrict revenu recognit consolid principl includ subsidiari associ busi combin joint ventur recognit depreci amortis tangibl intang asset capitalis borrow cost expenditur construct contract invest properti financi instrument invest leas research develop cost inventori tax includ defer tax provis employe benefit cost foreign currenc translat hedg definit busi geograph segment basi alloc cost segment definit cash cash equival inflat account govern grant intern account standard specif requir disclosur account polici area enterpris consid natur oper polici user expect disclos type enterpris privat sector enterpris expect disclos account polici incom tax includ defer tax tax asset enterpris signific foreign oper transact foreign currenc disclosur account polici recognit foreign exchang gain loss hedg gain loss expect consolid financi statement polici determin goodwil minor interest disclos account polici signific amount shown current prior period materi disclos account polici polici cover exist intern account standard select appli accord paragraph disclosur enterpris disclos disclos inform publish financi statement domicil legal form enterpris countri incorpor address regist offic princip place busi regist offic descript natur enterpris oper princip activ parent enterpris ultim parent enterpris group number employe end period averag period effect date intern account standard oper financi statement cover period begin juli earlier applic encourag intern account standard supersed ia disclosur account polici ia inform disclos financi statement ia present current asset current liabil approv board reformat version intern account standard ia revis inventori revis intern account standard supersed ia valuat present inventori context histor cost system approv board octob revis standard effect financi statement cover period begin januari ia revis event balanc sheet date amend paragraph amend text effect annual financi statement cover period begin januari decemb ia agricultur amend paragraph insert paragraph amend text effect annual financi statement cover period begin januari sic interpret relat ia sic consist cost formula inventori content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment inventori histor cost system primari issu account inventori amount cost recognis asset carri forward relat revenu recognis standard practic guidanc determin cost subsequ recognit expens includ write net realis guidanc cost formula assign cost inventori scope standard appli financi statement prepar context histor cost system account inventori work progress aris construct contract includ directli relat servic contract ia construct contract financi instrument produc inventori livestock agricultur forest product miner or extent measur net realis accord establish practic industri biolog asset relat agricultur activ ia agricultur standard supersed ia valuat present inventori context histor cost system approv inventori refer paragraph measur net realis stage product occur agricultur crop harvest miner or extract sale assur forward contract govern guarante homogen market exist neglig risk failur sell inventori exclud scope standard definit term standard mean inventori asset held sale ordinari busi process product sale form materi suppli consum product process render servic net realis estim sell price ordinari busi estim cost complet estim cost make sale inventori encompass good purchas held resal includ merchandis purchas retail held resal land properti held resal inventori encompass finish good produc work progress produc enterpris includ materi suppli await product process case servic provid inventori includ cost servic paragraph enterpris recognis relat revenu ia revenu measur inventori inventori measur lower cost net realis cost inventori cost inventori compris cost purchas cost convers cost incur bring inventori present locat condit cost purchas cost purchas inventori compris purchas price import duti tax subsequ recover enterpris tax author transport handl cost directli attribut acquisit finish good materi servic trade discount rebat similar item deduct determin cost purchas cost purchas includ foreign exchang differ aris directli recent acquisit inventori invoic foreign currenc rare circumst permit allow altern treatment ia effect foreign exchang rate exchang differ limit result sever devalu depreci currenc practic mean hedg affect liabil settl aris recent acquisit inventori cost convers cost convers inventori includ cost directli relat unit product direct labour includ systemat alloc fix variabl product overhead incur convert materi finish good fix product overhead indirect cost product remain constant volum product depreci mainten factori build equip cost factori manag administr variabl product overhead indirect cost product vari directli directli volum product indirect materi indirect labour alloc fix product overhead cost convers base normal capac product facil normal capac product expect achiev averag number period season normal circumst take account loss capac result plan mainten actual level product approxim normal capac amount fix overhead alloc unit product increas consequ low product idl plant unalloc overhead recognis expens period incur period abnorm high product amount fix overhead alloc unit product decreas inventori measur cost variabl product overhead alloc unit product basi actual product facil product process result product produc simultan case joint product produc main product product cost convers product separ identifi alloc product ration consist basi alloc base rel sale product stage product process product separ identifi complet product product natur immateri case measur net realis deduct cost main product result carri amount main product materi cost cost cost includ cost inventori extent incur bring inventori present locat condit includ product overhead cost design product specif custom cost inventori exampl cost exclud cost inventori recognis expens period incur abnorm amount wast materi labour product cost storag cost cost product process prior product stage administr overhead contribut bring inventori present locat condit sell cost limit circumst borrow cost includ cost inventori circumst identifi allow altern treatment ia borrow cost cost inventori servic provid cost inventori servic provid consist primarili labour cost personnel directli engag provid servic includ supervisori personnel attribut overhead labour cost relat sale gener administr personnel includ recognis expens period incur cost agricultur produc harvest biolog asset ia agricultur inventori compris agricultur produc enterpris harvest biolog asset measur initi recognit fair estim point sale cost point harvest cost inventori date applic standard techniqu measur cost techniqu measur cost inventori standard cost method retail method conveni result approxim cost standard cost account normal level materi suppli labour effici capac utilis regularli review revis light current condit retail method retail industri measur inventori larg number rapidli chang item similar margin impractic cost method cost inventori determin reduc sale inventori percentag gross margin percentag take consider inventori mark origin sell price averag percentag retail depart cost formula cost inventori item ordinarili interchang good servic produc segreg specif project assign specif identif individu cost specif identif cost mean specif cost attribut identifi item inventori treatment item segreg specif project bought produc specif identif cost inappropri larg number item inventori ordinarili interchang circumst method select item remain inventori obtain predetermin effect net profit loss period benchmark treatment cost inventori dealt paragraph assign fifo weight averag cost formula fifo formula assum item inventori purchas sold item remain inventori end period recent purchas produc weight averag cost formula cost item determin weight averag cost similar item begin period cost similar item purchas produc period averag calcul period basi addit shipment receiv depend circumst enterpris allow altern treatment cost inventori dealt paragraph assign lifo formula lifo formula assum item inventori purchas produc sold item remain inventori end period purchas produc net realis cost inventori recover inventori damag wholli partial obsolet sell price declin cost inventori recover estim cost complet estim cost incur make sale increas practic write inventori cost net realis consist view asset carri excess amount expect realis sale inventori written net realis item item basi circumst group similar relat item case item inventori relat product line similar purpos end produc market geograph area practic evalu separ item product line write inventori base classif inventori finish good inventori industri geograph segment servic provid gener accumul cost respect servic separ sell price charg servic treat separ item estim net realis base reliabl evid time estim made amount inventori expect realis estim consider fluctuat price cost directli relat event occur end period extent event confirm condit exist end period estim net realis consider purpos inventori held net realis quantiti inventori held satisfi firm sale servic contract base contract price sale contract inventori quantiti held net realis excess base gener sell price provis conting liabil aris firm sale contract excess inventori quantiti held firm purchas contract provis conting liabil dealt ia provis conting liabil conting asset materi suppli held product inventori written cost finish product incorpor expect sold cost declin price materi cost finish product exce net realis materi written net realis circumst replac cost materi measur net realis assess made net realis subsequ period circumst previous caus inventori written cost longer exist amount write revers carri amount lower cost revis net realis occur item inventori carri net realis sell price declin hand subsequ period sell price increas recognit expens inventori sold carri amount inventori recognis expens period relat revenu recognis amount write inventori net realis loss inventori recognis expens period write loss occur amount revers write inventori aris increas net realis recognis reduct amount inventori recognis expens period revers occur process recognis expens carri amount inventori sold result match cost revenu inventori alloc asset account inventori compon construct properti plant equip inventori alloc asset recognis expens life asset disclosur financi statement disclos account polici adopt measur inventori includ cost formula total carri amount inventori carri amount classif enterpris carri amount inventori carri net realis amount revers write recognis incom period accord paragraph circumst event led revers write inventori accord paragraph carri amount inventori pledg secur liabil inform carri amount held classif inventori extent asset financi statement user common classif inventori merchandis product suppli materi work progress finish good inventori servic provid simpli work progress cost inventori determin lifo formula accord allow altern treatment paragraph financi statement disclos differ amount inventori shown balanc sheet lower amount arriv accord paragraph net realis lower current cost balanc sheet date net realis financi statement disclos cost inventori recognis expens period oper cost applic revenu recognis expens period classifi natur cost inventori recognis expens period consist cost previous includ measur item inventori sold unalloc product overhead abnorm amount product cost inventori circumst enterpris warrant inclus cost distribut cost enterpris adopt format incom statement result amount disclos cost inventori recognis expens period format enterpris disclos amount oper cost applic revenu period classifi natur case enterpris disclos cost recognis expens raw materi consum labour cost oper cost amount net chang inventori period write net realis size incid natur requir disclosur ia net profit loss period fundament error account polici effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis cash flow statement revis intern account standard supersed ia statement financi posit approv board octob revisecam effect financi statement cover period begin januari content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object inform cash flow enterpris provid user financi statement basi assess abil enterpris gener cash cash equival enterpris utilis cash flow econom decis user requir evalu abil enterpris gener cash cash equival time certainti gener object standard requir provis inform histor cash cash equival enterpris mean cash flow statement classifi cash flow period oper invest financ activ scope enterpris prepar cash flow statement accord requir standard present integr part financi statement period financi statement present standard supersed ia statement financi posit approv juli user enterpris financi statement interest enterpris gener cash cash equival case natur enterpris activ irrespect cash view product enterpris case financi institut enterpris cash essenti reason princip revenu produc activ cash conduct oper pai oblig provid return investor standard requir enterpris present cash flow statement benefit cash flow inform cash flow statement conjunct rest financi statement inform enabl user evalu net asset enterpris financi structur includ liquid solvenc abil affect amount time cash flow order adapt chang circumst opportun cash flow inform assess abil enterpris gener cash cash equival enabl user develop model assess compar present futur cash flow enterpris enhanc compar report oper perform enterpris elimin effect account treatment transact event histor cash flow inform indic amount time certainti futur cash flow check accuraci past assess futur cash flow examin relationship profit net cash flow impact chang price definit term standard mean cash compris cash hand demand deposit cash equival short term highli liquid invest readili convert amount cash subject insignific risk cash flow inflow outflow cash cash equival oper activ princip revenu produc activ enterpris activ invest financ activ invest activ acquisit dispos long term asset invest includ cash equival financ activ activ result size composit equiti capit borrow enterpris cash cash equival cash equival held purpos meet short term cash commit invest purpos invest qualifi cash equival readili convert amount cash subject insignific risk invest qualifi cash equival short matur month date acquisit equiti invest exclud cash equival substanc cash equival case prefer share acquir short period matur redempt date bank borrow gener consid financ activ countri bank overdraft repay demand form integr part enterpris cash manag circumst bank overdraft includ compon cash cash equival characterist bank arrang bank balanc fluctuat posit overdrawn cash flow exclud movement item constitut cash cash equival compon part cash manag enterpris part oper invest financ activ cash manag includ invest excess cash cash equival present cash flow statement cash flow statement report cash flow period classifi oper invest financ activ enterpris present cash flow oper invest financ activ manner busi classif activ inform user assess impact activ financi posit enterpris amount cash cash equival inform evalu relationship activ singl transact includ cash flow classifi differ cash repay loan includ interest capit interest element classifi oper activ capit element classifi financ activ oper activ amount cash flow aris oper activ kei indic extent oper enterpris gener suffici cash flow repai loan maintain oper capabl enterpris pai dividend make invest recours extern sourc financ inform specif compon histor oper cash flow conjunct inform forecast futur oper cash flow cash flow oper activ primarili deriv princip revenu produc activ enterpris gener result transact event enter determin net profit loss exampl cash flow oper activ cash receipt sale good render servic cash receipt royalti fee commiss revenu cash payment supplier good servic cash payment behalf employe cash receipt cash payment insur enterpris premium claim annuiti polici benefit cash payment refund incom tax specif identifi financ invest activ cash receipt payment contract held deal trade purpos transact sale item plant give rise gain loss includ determin net profit loss cash flow relat transact cash flow invest activ enterpris hold secur loan deal trade purpos case similar inventori acquir specif resal cash flow aris purchas sale deal trade secur classifi oper activ similarli cash advanc loan made financi institut classifi oper activ relat main revenu produc activ enterpris invest activ separ disclosur cash flow aris invest activ import cash flow repres extent expenditur made resourc intend gener futur incom cash flow exampl cash flow aris invest activ cash payment acquir properti plant equip intang long term asset payment includ relat capitalis develop cost construct properti plant equip cash receipt sale properti plant equip intang long term asset cash payment acquir equiti debt instrument enterpris interest joint ventur payment instrument consid cash equival held deal trade purpos cash receipt sale equiti debt instrument enterpris interest joint ventur receipt instrument consid cash equival held deal trade purpos cash advanc loan made parti advanc loan made financi institut cash receipt repay advanc loan made parti advanc loan financi institut cash payment futur contract forward contract option contract swap contract contract held deal trade purpos payment classifi financ activ cash receipt futur contract forward contract option contract swap contract contract held deal trade purpos receipt classifi financ activ contract account hedg identifi posit cash flow contract classifi manner cash flow posit hedg financ activ separ disclosur cash flow aris financ activ import predict claim futur cash flow provid capit enterpris exampl cash flow aris financ activ cash proce issu share equiti instrument cash payment owner acquir redeem enterpris share cash proce issu debentur loan note bond mortgag short long term borrow cash repay amount borrow cash payment lesse reduct outstand liabil relat financ leas report cash flow oper activ enterpris report cash flow oper activ direct method major class gross cash receipt gross cash payment disclos indirect method net profit loss adjust effect transact cash natur deferr accrual past futur oper cash receipt payment item incom expens invest financ cash flow enterpris encourag report cash flow oper activ direct method direct method inform estim futur cash flow indirect method direct method inform major class gross cash receipt gross cash payment obtain account record enterpris adjust sale cost sale interest similar incom interest expens similar charg financi institut item incom statement period inventori oper receiv payabl ii cash item iii item cash effect invest financ cash flow indirect method net cash flow oper activ determin adjust net profit loss effect period inventori oper receiv payabl cash item depreci provis defer tax unrealis foreign currenc gain loss undistribut profit associ minor interest item cash effect invest financ cash flow altern net cash flow oper activ present indirect method show revenu expens disclos incom statement period inventori oper receiv payabl report cash flow invest financ activ enterpris report separ major class gross cash receipt gross cash payment aris invest financ activ extent cash flow paragraph report net basi report cash flow net basi cash flow aris oper invest financ activ report net basi cash receipt payment behalf custom cash flow reflect activ custom enterpris cash receipt payment item turnov quick amount larg matur short exampl cash receipt payment refer paragraph accept repay demand deposit bank fund held custom invest enterpris rent collect behalf paid owner properti exampl cash receipt payment refer paragraph advanc made repay princip amount relat credit card custom purchas sale invest short term borrow matur period month cash flow aris activ financi institut report net basi cash receipt payment accept repay deposit fix matur date placement deposit withdraw deposit financi institut cash advanc loan made custom repay advanc loan foreign currenc cash flow cash flow aris transact foreign currenc record enterpris report currenc appli foreign currenc amount exchang rate report currenc foreign currenc date cash flow cash flow foreign subsidiari translat exchang rate report currenc foreign currenc date cash flow cash flow denomin foreign currenc report manner consist ia account effect foreign exchang rate permit exchang rate approxim actual rate weight averag exchang rate period record foreign currenc transact translat cash flow foreign subsidiari ia permit exchang rate balanc sheet date translat cash flow foreign subsidiari unrealis gain loss aris foreign currenc exchang rate cash flow effect exchang rate cash cash equival held due foreign currenc report cash flow statement order reconcil cash cash equival begin end period amount present separ cash flow oper invest financ activ includ differ cash flow report end period exchang rate extraordinari item cash flow extraordinari item classifi aris oper invest financ activ separ disclos cash flow extraordinari item disclos separ aris oper invest financ activ cash flow statement enabl user understand natur effect present futur cash flow enterpris disclosur addit separ disclosur natur amount extraordinari item requir ia net profit loss period fundament error account polici interest dividend cash flow interest dividend receiv paid disclos separ classifi consist manner period period oper invest financ activ total amount interest paid period disclos cash flow statement recognis expens incom statement capitalis accord allow altern treatment ia borrow cost interest paid interest dividend receiv classifi oper cash flow financi institut consensu classif cash flow enterpris interest paid interest dividend receiv classifi oper cash flow enter determin net profit loss altern interest paid interest dividend receiv classifi financ cash flow invest cash flow cost obtain financi resourc return invest dividend paid classifi financ cash flow cost obtain financi resourc altern dividend paid classifi compon cash flow oper activ order assist user determin abil enterpris pai dividend oper cash flow tax incom cash flow aris tax incom separ disclos classifi cash flow oper activ specif identifi financ invest activ tax incom aris transact give rise cash flow classifi oper invest financ activ cash flow statement tax expens readili identifi invest financ activ relat tax cash flow impractic identifi aris period cash flow underli transact tax paid classifi cash flow oper activ practic identifi tax cash flow individu transact rise cash flow classifi invest financ activ tax cash flow classifi invest financ activ tax cash flow alloc class activ total amount tax paid disclos invest subsidiari associ joint ventur account invest associ subsidiari account equiti cost method investor restrict report cash flow statement cash flow investe dividend advanc enterpris report interest jointli control entiti ia financi report interest joint ventur proportion consolid includ consolid cash flow statement proportion share jointli control entiti cash flow enterpris report interest equiti method includ cash flow statement cash flow respect invest jointli control entiti distribut payment receipt jointli control entiti acquisit dispos subsidiari busi unit aggreg cash flow aris acquisit dispos subsidiari busi unit present separ classifi invest activ enterpris disclos aggreg respect acquisit dispos subsidiari busi unit period total purchas dispos consider portion purchas dispos consider discharg mean cash cash equival amount cash cash equival subsidiari busi unit acquir dispos amount asset liabil cash cash equival subsidiari busi unit acquir dispos summaris major categori separ present cash flow effect acquisit dispos subsidiari busi unit singl line item separ disclosur amount asset liabil acquir dispos help distinguish cash flow cash flow aris oper invest financ activ cash flow effect dispos deduct acquisit aggreg amount cash paid receiv purchas sale consider report cash flow statement net cash cash equival acquir dispos cash transact invest financ transact requir cash cash equival exclud cash flow statement transact disclos financi statement relev inform invest financ activ invest financ activ direct impact current cash flow affect capit asset structur enterpris exclus cash transact cash flow statement consist object cash flow statement item involv cash flow current period exampl cash transact acquisit asset assum directli relat liabil mean financ leas acquisit enterpris mean equiti issu convers debt equiti compon cash cash equival enterpris disclos compon cash cash equival present reconcili amount cash flow statement equival item report balanc sheet view varieti cash manag practic bank arrang world order compli ia present financi statement enterpris disclos polici adopt determin composit cash cash equival effect chang polici determin compon cash cash equival chang classif financi instrument previous consid part enterpris invest portfolio report accord ia net profit loss period fundament error account polici disclosur enterpris disclos commentari manag amount signific cash cash equival balanc held enterpris group circumst cash cash equival balanc held enterpris group exampl includ cash cash equival balanc held subsidiari oper countri exchang control legal restrict appli balanc gener parent subsidiari addit inform relev user understand financi posit liquid enterpris disclosur inform commentari manag encourag includ amount undrawn borrow facil futur oper activ settl capit commit indic restrict facil aggreg amount cash flow oper invest financ activ relat interest joint ventur report proportion consolid aggreg amount cash flow repres increas oper capac separ cash flow requir maintain oper capac amount cash flow aris oper invest financ activ report industri geograph segment ia segment report separ disclosur cash flow repres increas oper capac cash flow requir maintain oper capac enabl user determin enterpris invest adequ mainten oper capac enterpris invest adequ mainten oper capac prejud futur profit sake current liquid distribut owner disclosur segment cash flow enabl user obtain understand relationship cash flow busi compon part avail variabl segment cash flow effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis net profit loss period fundament error account polici ia discontinu oper supersed paragraph ia ia supersed definit discontinu oper paragraph ia ia oper financi statement cover period begin januari ia invest properti amend paragraph set bold ital type ia oper annual financi statement cover period begin januari sic interpret relat ia sic time applic iass primari basi account content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib classif disclosur account treatment item incom statement enterpris prepar present incom statement consist basi enhanc compar enterpris financi statement previou period financi statement enterpris standard requir classif disclosur extraordinari item disclosur item profit loss ordinari activ specifi account treatment account estim account polici correct fundament error scope standard appli present profit loss ordinari activ extraordinari item incom statement account account estim fundament error account polici standard supersed ia unusu prior period item account polici approv standard deal thing disclosur item net profit loss period disclosur made addit disclosur requir intern account standard includ ia present financi statement delet tax effect extraordinari item fundament error account polici account disclos accord ia incom tax ia refer unusu item read extraordinari item defin standard definit term standard mean extraordinari item incom expens aris event transact distinct ordinari activ enterpris expect recur frequent regularli ordinari activ activ undertaken enterpris part busi relat activ enterpris engag further incident aris activ fundament error error discov current period signific financi statement prior period longer consid reliabl date issu account polici specif principl base convent rule practic adopt enterpris prepar present financi statement net profit loss period item incom expens recognis period includ determin net profit loss period intern account standard requir permit item incom expens recognis period includ determin net profit loss period includ extraordinari item effect account estim circumst exist item exclud net profit loss current period standard deal circumst correct fundament error effect account polici intern account standard deal item meet framework definit incom expens exclud determin net profit loss exampl includ revalu surplus ia properti plant equip gain loss aris translat financi statement foreign entiti ia effect foreign exchang rate net profit loss period compris compon disclos face incom statement profit loss ordinari activ extraordinari item extraordinari item natur amount extraordinari item separ disclos virtual item incom expens includ determin net profit loss period aris ordinari activ enterpris rare occas event transact give rise extraordinari item event transact distinct ordinari activ enterpris determin natur event transact relat busi ordinarili carri enterpris frequenc event expect occur event transact extraordinari enterpris extraordinari enterpris differ respect ordinari activ loss sustain result earthquak qualifi extraordinari item enterpris claim policyhold aris earthquak qualifi extraordinari item insur enterpris insur risk exampl event transact gener give rise extraordinari item enterpris expropri asset earthquak natur disast disclosur natur amount extraordinari item made face incom statement disclosur made note financi statement total amount extraordinari item disclos face incom statement profit loss ordinari activ item incom expens profit loss ordinari activ size natur incid disclosur relev explain perform enterpris period natur amount item disclos separ item incom expens paragraph extraordinari item natur amount item relev user financi statement understand financi posit perform enterpris make project financi posit perform disclosur inform made note financi statement circumst give rise separ disclosur item incom expens accord paragraph includ write inventori net realis properti plant equip recover amount revers write down restructur activ enterpris revers provis cost restructur dispos item properti plant equip dispos long term invest discontinu oper litig settlement revers provis delet ia discontinu oper account estim result uncertainti inher busi activ financi statement item measur precis estim estim process involv judgement base latest inform estim requir bad debt inventori obsolesc live expect pattern consumpt econom benefit depreci asset reason estim essenti part prepar financi statement undermin reliabl estim revis occur circumst estim base result inform experi subsequ develop natur revis estim bring adjust definit extraordinari item fundament error difficult distinguish chang account polici chang account estim case chang treat chang account estim disclosur effect chang account estim includ determin net profit loss period chang chang affect period period chang futur period chang affect chang account estim affect current period current period futur period chang estim amount bad debt affect current period recognis immedi chang estim life expect pattern consumpt econom benefit depreci asset affect depreci expens current period period remain life asset case effect chang relat current period recognis incom expens current period effect futur period recognis futur period effect chang account estim includ incom statement classif previous estim ensur compar financi statement period effect chang account estim estim previous includ profit loss ordinari activ includ compon net profit loss effect chang account estim estim previous includ extraordinari item report extraordinari item natur amount chang account estim materi effect current period expect materi effect subsequ period disclos impractic quantifi amount fact disclos fundament error error prepar financi statement prior period discov current period error occur result mathemat mistak mistak appli account polici misinterpret fact fraud oversight correct error includ determin net profit loss current period rare occas error signific effect financi statement prior period financi statement longer consid reliabl date issu error refer fundament error fundament error inclus financi statement previou period materi amount work progress receiv respect fraudul contract enforc correct fundament error relat prior period requir restat compar inform present addit pro forma inform correct fundament error distinguish account estim account estim natur approxim revis addit inform gain loss recognis outcom conting previous estim reliabl constitut correct fundament error benchmark treatment amount correct fundament error relat prior period report adjust open balanc retain earn compar inform restat impractic financi statement includ compar inform prior period present fundament error correct period made amount correct relat period present includ net profit loss period amount correct relat period prior includ compar inform financi statement adjust open balanc retain earn earliest period present inform report respect prior period histor summari financi data restat restat compar inform necessarili give rise amend financi statement approv sharehold regist file regulatori author nation law requir amend financi statement enterpris disclos natur fundament error amount correct current period prior period present amount correct relat period prior includ compar inform fact compar inform restat impractic allow altern treatment amount correct fundament error includ determin net profit loss current period compar inform present report financi statement prior period addit pro forma inform prepar accord paragraph present impractic correct fundament error includ determin net profit loss current period addit inform present separ column show net profit loss current period prior period present fundament error correct period made appli account treatment countri financi statement requir includ compar inform agre financi statement present prior period enterpris disclos natur fundament error amount correct recognis net profit loss current period amount correct includ period pro forma inform present amount correct relat period prior includ pro forma inform impractic present pro forma inform fact disclos account polici user compar financi statement enterpris period time identifi trend financi posit perform cash flow account polici adopt period chang account polici made requir statut account standard set bodi chang result present event transact financi statement enterpris present event transact financi statement occur account polici result relev reliabl inform financi posit perform cash flow enterpris account polici adopt account polici event transact differ substanc previous occur event transact adopt account polici event transact occur previous immateri initi adopt polici carri asset revalu amount allow altern treatment ia properti plant equip ia intang asset chang account polici dealt revalu accord ia ia accord standard paragraph standard applic account polici chang account polici appli retrospect prospect accord requir standard retrospect applic result account polici appli event transact account polici account polici appli event transact date origin item prospect applic mean account polici appli event transact occur date chang adjust relat prior period made open balanc retain earn report net profit loss current period exist balanc recalcul account polici appli exist balanc date chang enterpris decid chang account polici borrow cost capitalis cost conform allow altern treatment ia borrow cost prospect applic polici appli borrow cost incur date chang account polici adopt intern account standard chang account polici made adopt intern account standard account accord specif transit provis intern account standard absenc transit provis chang account polici appli accord benchmark treatment paragraph allow altern treatment paragraph transit provis intern account standard requir retrospect prospect applic chang account polici enterpris adopt intern account standard publish intern account standard committe effect enterpris encourag disclos natur futur chang account polici estim effect chang net profit loss financi posit account polici benchmark treatment chang account polici appli retrospect amount result adjust relat prior period determin result adjust report adjust open balanc retain earn compar inform restat impractic financi statement includ compar inform prior period present account polici compar inform restat order reflect account polici amount adjust relat period prior includ financi statement adjust open balanc retain earn earliest period present inform respect prior period histor summari financi data restat restat compar inform necessarili give rise amend financi statement approv sharehold regist file regulatori author nation law requir amend financi statement chang account polici appli prospect amount adjust open balanc retain earn requir paragraph determin chang account polici materi effect current period prior period present materi effect subsequ period enterpris disclos reason chang amount adjust current period period present amount adjust relat period prior includ compar inform fact compar inform restat impractic account polici allow altern treatment chang account polici appli retrospect amount result adjust relat prior period determin result adjust includ determin net profit loss current period compar inform present report financi statement prior period addit pro forma compar inform prepar accord paragraph present impractic adjust result chang account polici includ determin net profit loss period addit compar inform present separ column order show net profit loss financi posit current period prior period present account polici appli appli account treatment countri financi statement requir includ compar inform agre financi statement present prior period chang account polici appli prospect amount includ net profit loss current period requir paragraph determin chang account polici materi effect current period prior period present materi effect subsequ period enterpris disclos reason chang amount adjust recognis net profit loss current period amount adjust includ period pro forma inform present amount adjust relat period prior includ financi statement impractic present pro forma inform fact disclos effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis event balanc sheet date intern account standard approv iasc board march effect annual financi statement cover period begin januari introduct ia event balanc sheet date replac part ia conting event occur balanc sheet date supersed ia provis conting liabil conting asset standard make limit disclosur date authoris financi statement issu delet option recognis liabil dividend state respect period cover financi statement propos declar balanc sheet date financi statement authoris issu enterpris give requir disclosur dividend face balanc sheet separ compon equiti note financi statement confirm enterpris updat disclosur relat condit exist balanc sheet date light inform receiv balanc sheet date condit delet requir adjust financi statement event balanc sheet date concern assumpt part enterpris ia present financi statement concern assumpt appli enterpris refin exampl adjust adjust event draft improv content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib enterpris adjust financi statement event balanc sheet date disclosur enterpris give date financi statement authoris issu event balanc sheet date standard requir enterpris prepar financi statement concern basi event balanc sheet date concern assumpt scope standard appli account disclosur event balanc sheet date definit term standard mean event balanc sheet date event favour unfavour occur balanc sheet date date financi statement authoris issu type event identifi provid evid condit exist balanc sheet date adjust event balanc sheet date indic condit aros balanc sheet date adjust event balanc sheet date process involv authoris financi statement issu vari depend manag structur statutori requir procedur prepar finalis financi statement case enterpris requir submit financi statement sharehold approv financi statement issu case financi statement authoris issu date origin issuanc date sharehold approv financi statement manag enterpris complet draft financi statement year decemb februari march board director review financi statement authoris issu enterpris announc profit select financi inform march financi statement made sharehold april annual meet sharehold approv financi statement approv financi statement file regulatori bodi financi statement authoris issu march date board authoris issu case manag enterpris requir issu financi statement supervisori board made sole execut approv case financi statement authoris issu manag authoris issu supervisori board march manag enterpris authoris financi statement issu supervisori board supervisori board made sole execut includ repres employe interest supervisori board approv financi statement march financi statement made sharehold april annual meet sharehold receiv financi statement financi statement file regulatori bodi financi statement authoris issu march date manag authoris issu supervisori board event balanc sheet date includ event date financi statement authoris issu event occur public profit announc select financi inform recognit measur adjust event balanc sheet date enterpris adjust amount recognis financi statement reflect adjust event balanc sheet date exampl adjust event balanc sheet date requir enterpris adjust amount recognis financi statement recognis item previous recognis resolut balanc sheet date court case confirm enterpris present oblig balanc sheet date requir enterpris adjust provis recognis recognis provis disclos conting liabil receipt inform balanc sheet date indic asset impair balanc sheet date amount previous recognis impair loss asset adjust bankruptci custom occur balanc sheet date confirm loss exist balanc sheet date trade receiv account enterpris adjust carri amount trade receiv account ii sale inventori balanc sheet date give evid net realis balanc sheet date determin balanc sheet date cost asset purchas proce asset sold balanc sheet date determin balanc sheet date amount profit share bonu payment enterpris present legal construct oblig balanc sheet date make payment result event date ia employe benefit discoveri fraud error show financi statement incorrect adjust event balanc sheet date enterpris adjust amount recognis financi statement reflect adjust event balanc sheet date adjust event balanc sheet date declin market invest balanc sheet date date financi statement authoris issu fall market relat condit invest balanc sheet date reflect circumst arisen period enterpris adjust amount recognis financi statement invest similarli enterpris updat amount disclos invest balanc sheet date give addit disclosur paragraph dividend dividend holder equiti instrument defin ia financi instrument disclosur present propos declar balanc sheet date enterpris recognis dividend liabil balanc sheet date ia present financi statement requir enterpris disclos amount dividend propos declar balanc sheet date financi statement authoris issu ia permit enterpris make disclosur face balanc sheet separ compon equiti note financi statement concern enterpris prepar financi statement concern basi manag determin balanc sheet date intend liquid enterpris ceas trade realist altern deterior oper result financi posit balanc sheet date concern assumpt concern assumpt longer effect pervas standard requir fundament chang basi account adjust amount recognis origin basi account ia present financi statement requir disclosur financi statement prepar concern basi manag awar materi uncertainti relat event condit cast signific doubt enterpris abil continu concern event condit requir disclosur aris balanc sheet date disclosur date authoris issu enterpris disclos date financi statement authoris issu gave authoris enterpris owner power amend financi statement issuanc enterpris disclos fact import user financi statement authoris issu financi statement reflect event date updat disclosur condit balanc sheet date enterpris receiv inform balanc sheet date condit exist balanc sheet date enterpris updat disclosur relat condit light inform case enterpris updat disclosur financi statement reflect inform receiv balanc sheet date inform affect amount enterpris recognis financi statement updat disclosur evid balanc sheet date conting liabil exist balanc sheet date addit recognis provis ia provis conting liabil conting asset enterpris updat disclosur conting liabil light evid adjust event balanc sheet date adjust event balanc sheet date import disclosur affect abil user financi statement make proper evalu decis enterpris disclos inform signific categori adjust event balanc sheet date natur event estim financi effect statement estim made exampl adjust event balanc sheet date import disclosur affect abil user financi statement make proper evalu decis major busi combin balanc sheet date ia busi combin requir specif disclosur case dispos major subsidiari announc plan discontinu oper dispos asset settl liabil attribut discontinu oper enter bind agreement sell asset settl liabil ia discontinu oper major purchas dispos asset expropri major asset govern destruct major product plant fire balanc sheet date announc commenc implement major restructur ia provis conting liabil conting asset major ordinari share transact potenti ordinari share transact balanc sheet date ia earn share encourag enterpris disclos descript transact capitalis issu share split abnorm larg balanc sheet date asset price foreign exchang rate tax rate tax law enact announc balanc sheet date signific effect current defer tax asset liabil ia incom tax enter signific commit conting liabil issu signific guarante commenc major litig aris sole event occur balanc sheet date effect date intern account standard oper annual financi statement cover period begin januari ia provis conting liabil conting asset supersed part ia conting event occur balanc sheet date dealt conting standard supersed rest standard intern account standard ia revis construct contract revis intern account standard supersed ia account construct contract approv board revis standard effect financi statement cover period begin januari ia revis event balanc sheet date amend paragraph amend text effect ia revis effect annual financi statement cover period begin januari content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment revenu cost construct contract natur activ undertaken construct contract date contract activ enter date activ complet fall account period primari issu account construct contract alloc contract revenu contract cost account period construct work perform standard recognit criteria establish framework prepar present financi statement determin contract revenu contract cost recognis revenu expens incom statement practic guidanc applic criteria scope standard appli account construct contract financi statement contractor standard supersed ia account construct contract approv definit term standard mean construct contract contract specif negoti construct asset combin asset close interrel interdepend term design technolog function ultim purpos fix price contract construct contract contractor agre fix contract price fix rate unit output case subject cost escal claus cost contract construct contract contractor reimburs allow defin cost percentag cost fix fee construct contract negoti construct singl asset bridg build dam pipelin road ship tunnel construct contract deal construct number asset close interrel interdepend term design technolog function ultim purpos exampl contract includ construct refineri complex piec plant equip purpos standard construct contract includ contract render servic directli relat construct asset servic project manag architect contract destruct restor asset restor environ demolit asset construct contract formul number wai purpos standard classifi fix price contract cost contract construct contract characterist fix price contract cost contract case cost contract agre maximum price circumst contractor condit paragraph order determin recognis contract revenu expens combin segment construct contract requir standard appli separ construct contract circumst appli standard separ identifi compon singl contract group contract order reflect substanc contract group contract contract cover number asset construct asset treat separ construct contract separ propos submit asset asset subject separ negoti contractor custom accept reject part contract relat asset cost revenu asset identifi group contract singl custom custom treat singl construct contract group contract negoti singl packag contract close interrel effect part singl project profit margin contract perform concurr continu sequenc contract provid construct addit asset option custom amend includ construct addit asset construct addit asset treat separ construct contract asset differ significantli design technolog function asset asset cover origin contract price asset negoti regard origin contract price contract revenu contract revenu compris initi amount revenu agre contract variat contract work claim incent payment extent probabl result revenu ii capabl reliabl measur contract revenu measur fair consider receiv receiv measur contract revenu affect varieti uncertainti depend outcom futur event estim revis event occur uncertainti resolv amount contract revenu increas decreas period contractor custom agre variat claim increas decreas contract revenu period subsequ contract initi agre amount revenu agre fix price contract increas result cost escal claus amount contract revenu decreas result penalti aris delai caus contractor complet contract fix price contract involv fix price unit output contract revenu increas number unit increas variat instruct custom chang scope work perform contract variat lead increas decreas contract revenu exampl variat specif design asset durat contract variat includ contract revenu probabl custom approv variat amount revenu aris variat amount revenu reliabl measur claim amount contractor seek collect custom parti reimburs cost includ contract price claim aris custom caus delai error specif design disput variat contract work measur amount revenu aris claim subject high level uncertainti depend outcom negoti claim includ contract revenu negoti reach advanc stage probabl custom accept claim amount probabl accept custom measur reliabl incent payment addit amount paid contractor perform standard met exceed contract incent payment contractor earli complet contract incent payment includ contract revenu contract suffici advanc probabl perform standard met exceed amount incent payment measur reliabl contract cost contract cost compris cost relat directli specif contract cost attribut contract activ gener alloc contract cost specif chargeabl custom term contract cost relat directli specif contract includ site labour cost includ site supervis cost materi construct depreci plant equip contract cost move plant equip materi contract site cost hire plant equip cost design technic assist directli relat contract estim cost rectif guarante work includ expect warranti cost claim parti cost reduc incident incom includ contract revenu incom sale surplu materi dispos plant equip end contract cost attribut contract activ gener alloc specif contract includ insur cost design technic assist directli relat specif contract construct overhead cost alloc method systemat ration appli consist cost similar characterist alloc base normal level construct activ construct overhead includ cost prepar process construct personnel payrol cost attribut contract activ gener alloc specif contract includ borrow cost contractor adopt allow altern treatment ia borrow cost cost specif chargeabl custom term contract includ gener administr cost develop cost reimburs term contract cost attribut contract activ alloc contract exclud cost construct contract cost includ gener administr cost reimburs contract sell cost research develop cost reimburs contract depreci idl plant equip contract contract cost includ cost attribut contract period date secur contract final complet contract cost relat directli contract incur secur contract includ part contract cost separ identifi measur reliabl probabl contract obtain cost incur secur contract recognis expens period incur includ contract cost contract obtain subsequ period recognit contract revenu expens outcom construct contract estim reliabl contract revenu contract cost construct contract recognis revenu expens refer stage complet contract activ balanc sheet date expect loss construct contract recognis expens immedi accord paragraph case fix price contract outcom construct contract estim reliabl condit satisfi total contract revenu measur reliabl probabl econom benefit contract flow enterpris contract cost complet contract stage contract complet balanc sheet date measur reliabl contract cost attribut contract identifi measur reliabl actual contract cost incur compar prior estim case cost contract outcom construct contract estim reliabl condit satisfi probabl econom benefit contract flow enterpris contract cost attribut contract specif reimburs identifi measur reliabl recognit revenu expens refer stage complet contract refer percentag complet method method contract revenu match contract cost incur reach stage complet result report revenu expens profit attribut proport work complet method inform extent contract activ perform period percentag complet method contract revenu recognis revenu incom statement account period work perform contract cost recognis expens incom statement account period work relat perform expect excess total contract cost total contract revenu contract recognis expens immedi accord paragraph contractor incur contract cost relat futur activ contract contract cost recognis asset provid probabl recov cost repres amount due custom classifi contract work progress outcom construct contract estim reliabl probabl econom benefit contract flow enterpris uncertainti aris collect amount includ contract revenu recognis incom statement uncollect amount amount respect recoveri ceas probabl recognis expens adjust amount contract revenu enterpris gener make reliabl estim agre contract establish parti enforc right asset construct consider exchang manner term settlement enterpris effect intern financi budget report system enterpris review revis estim contract revenu contract cost contract progress revis necessarili outcom contract estim reliabl stage complet contract determin varieti wai enterpris method measur reliabl work perform depend natur contract method includ proport contract cost incur work perform date bear estim total contract cost survei work perform complet physic proport contract work progress payment advanc receiv custom reflect work perform stage complet determin refer contract cost incur date contract cost reflect work perform includ cost incur date exampl contract cost exclud contract cost relat futur activ contract cost materi deliv contract site set contract instal appli contract perform materi made special contract payment made subcontractor advanc work perform subcontract outcom construct contract estim reliabl revenu recognis extent contract cost incur probabl recover contract cost recognis expens period incur expect loss construct contract recognis expens immedi accord paragraph earli stage contract case outcom contract estim reliabl probabl enterpris recov contract cost incur contract revenu recognis extent cost incur expect recover outcom contract estim reliabl profit recognis outcom contract estim reliabl probabl total contract cost exce total contract revenu case expect excess total contract cost total contract revenu contract recognis expens immedi accord paragraph contract cost probabl recov recognis expens immedi exampl circumst recover contract cost incur probabl contract cost recognis expens immedi includ contract fulli enforc valid question complet subject outcom pend litig legisl relat properti condemn expropri custom unabl meet oblig contractor unabl complet contract meet oblig contract uncertainti prevent outcom contract estim reliabl longer exist revenu expens construct contract recognis accord paragraph accord paragraph recognit expect loss probabl total contract cost exce total contract revenu expect loss recognis expens immedi amount loss determin irrespect work commenc contract stage complet contract activ amount profit expect aris contract treat singl construct contract accord paragraph estim percentag complet method appli cumul basi account period current estim contract revenu contract cost effect chang estim contract revenu contract cost effect chang estim outcom contract account chang account estim ia net profit loss period fundament error account polici chang estim determin amount revenu expens recognis incom statement period chang made subsequ period disclosur enterpris disclos amount contract revenu recognis revenu period method determin contract revenu recognis period method determin stage complet contract progress enterpris disclos contract progress balanc sheet date aggreg amount cost incur recognis profit recognis loss date amount advanc receiv amount retent retent amount progress bill paid satisfact condit contract payment amount defect rectifi progress bill amount bill work perform contract paid custom advanc amount receiv contractor relat work perform enterpris present gross amount due custom contract work asset gross amount due custom contract work liabil gross amount due custom contract work net amount cost incur recognis profit sum recognis loss progress bill contract progress cost incur recognis profit recognis loss exce progress bill gross amount due custom contract work net amount cost incur recognis profit sum recognis loss progress bill contract progress progress bill exce cost incur recognis profit recognis loss enterpris disclos conting liabil conting asset accord ia provis conting liabil conting asset conting liabil conting asset aris item warranti cost claim penalti loss effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis incom tax octob board approv revis standard ia revis incom tax supersed ia reformat account tax incom revis standard effect financi statement cover period begin januari ia revis event balanc sheet date amend paragraph amend text effect annual financi statement cover period begin januari april paragraph appendix paragraph amend revis cross refer terminolog result issuanc ia invest properti octob board approv amend ia ad paragraph delet paragraph limit revis account treatment incom tax consequ dividend revis text effect annual financi statement cover period begin januari sic interpret relat ia sic incom tax recoveri revalu depreci asset sic incom tax tax statu enterpris sharehold introduct standard quot ia revis quot replac ia account tax incom quot origin ia quot ia revis effect account period begin januari major origin ia origin ia requir enterpris account defer tax deferr method liabil method incom statement liabil method ia revis prohibit deferr method requir liabil method balanc sheet liabil method incom statement liabil method focus time differ balanc sheet liabil method focus temporari differ time differ differ taxabl profit account profit origin period revers subsequ period temporari differ differ tax base asset liabil carri amount balanc sheet tax base asset liabil amount attribut asset liabil tax purpos time differ temporari differ temporari differ aris circumst give rise time differ origin ia treat transact give rise time differ subsidiari associ joint ventur distribut entir profit parent investor asset revalu equival adjust made tax purpos cost busi combin acquisit alloc identifi asset liabil acquir refer fair valu equival adjust made tax purpos temporari differ time differ temporari differ aris monetari asset liabil foreign oper integr oper report entiti translat histor exchang rate monetari asset liabil restat ia financi report hyperinflationari economi carri amount asset liabil initi recognit differ initi tax base origin ia permit enterpris recognis defer tax asset liabil reason evid time differ revers consider period ahead ia revis requir enterpris recognis defer tax liabil subject condit asset temporari differ except note origin ia requir defer tax asset aris time differ recognis reason expect realis defer tax asset aris tax loss recognis asset assur reason doubt futur taxabl incom suffici benefit loss realis origin ia permit requir enterpris defer recognit benefit tax loss period realis ia revis requir defer tax asset recognis probabl taxabl profit defer tax asset utilis enterpris histori tax loss enterpris recognis defer tax asset extent enterpris suffici taxabl temporari differ convinc evid suffici taxabl profit except gener requir set paragraph ia revis prohibit recognit defer tax liabil defer tax asset aris asset liabil carri amount differ initi recognit initi tax base circumst give rise time differ result defer tax asset liabil origin ia origin ia requir tax payabl undistribut profit subsidiari associ recognis reason assum profit distribut distribut give rise tax liabil ia revis prohibit recognit defer tax liabil aris relat cumul translat adjust extent parent investor ventur control time revers temporari differ probabl temporari differ revers forese futur prohibit result defer tax liabil recognis ia revis requir enterpris disclos aggreg amount temporari differ concern origin ia refer explicitli fair adjust made busi combin adjust give rise temporari differ ia revis requir enterpris recognis result defer tax liabil subject probabl criterion recognit defer tax asset effect determin amount goodwil neg goodwil ia revis prohibit recognit defer tax liabil aris goodwil amortis goodwil deduct tax purpos defer tax asset aris neg goodwil treat defer incom origin ia permit requir enterpris recognis defer tax liabil respect asset revalu ia revis requir enterpris recognis defer tax liabil respect asset revalu tax consequ recov carri amount asset liabil depend manner recoveri settlement countri capit gain tax rate taxabl incom countri amount deduct tax purpos sale asset greater amount deduct depreci origin ia gave guidanc measur defer tax asset liabil case ia revis requir measur defer tax liabil defer tax asset base tax consequ follow manner enterpris expect recov settl carri amount asset liabil origin ia state explicitli defer tax asset liabil discount ia revis prohibit discount defer tax asset liabil amend paragraph ia busi combin prohibit discount defer tax asset liabil acquir busi combin previous paragraph ia prohibit requir discount defer tax asset liabil result busi combin origin ia enterpris classifi defer tax balanc current asset liabil current asset liabil ia revis requir enterpris make current current distinct classifi defer tax asset liabil current asset liabil origin ia state debit credit balanc repres defer tax offset ia revis establish restrict condit offset base larg financi asset liabil ia financi instrument disclosur present origin ia requir disclosur explan relationship tax expens account profit explain tax rate effect report enterpris countri ia revis requir explan form numer reconcili tax expens incom product account profit multipli applic tax rate ii numer reconcili averag effect tax rate applic tax rate ia revis requir explan applic tax rate compar previou account period disclosur requir ia revis includ respect type temporari differ unus tax loss unus tax credit amount defer tax asset liabil recognis ii amount defer tax incom expens recognis incom statement appar amount recognis balanc sheet respect discontinu oper tax expens relat gain loss discontinu ii profit loss ordinari activ discontinu oper amount defer tax asset natur evid support recognit utilis defer tax asset depend futur taxabl profit excess profit aris revers exist taxabl temporari differ ii enterpris suffer loss current preced period tax jurisdict defer tax asset relat content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment incom tax princip issu account incom tax account current futur tax consequ futur recoveri settlement carri amount asset liabil recognis enterpris balanc sheet transact event current period recognis enterpris financi statement inher recognit asset liabil report enterpris expect recov settl carri amount asset liabil probabl recoveri settlement carri amount make futur tax payment larger smaller recoveri settlement tax consequ standard requir enterpris recognis defer tax liabil defer tax asset limit except standard requir enterpris account tax consequ transact event account transact event transact event recognis incom statement relat tax effect recognis incom statement transact event recognis directli equiti relat tax effect recognis directli equiti similarli recognit defer tax asset liabil busi combin affect amount goodwil neg goodwil aris busi combin standard deal recognit defer tax asset aris unus tax loss unus tax credit present incom tax financi statement disclosur inform relat incom tax scope standard appli account incom tax purpos standard incom tax includ domest foreign tax base taxabl profit incom tax includ tax withhold tax payabl subsidiari associ joint ventur distribut report enterpris delet standard deal method account govern grant ia account govern grant disclosur govern assist invest tax credit standard deal account temporari differ aris grant invest tax credit definit term standard mean account profit net profit loss period deduct tax expens taxabl profit tax loss profit loss period determin accord rule establish taxat author incom tax payabl recover tax expens tax incom aggreg amount includ determin net profit loss period respect current tax defer tax current tax amount incom tax payabl recover respect taxabl profit tax loss period defer tax liabil amount incom tax payabl futur period respect taxabl temporari differ defer tax asset amount incom tax recover futur period respect deduct temporari differ carryforward unus tax loss carryforward unus tax credit temporari differ differ carri amount asset liabil balanc sheet tax base temporari differ taxabl temporari differ temporari differ result taxabl amount determin taxabl profit tax loss futur period carri amount asset liabil recov settl deduct temporari differ temporari differ result amount deduct determin taxabl profit tax loss futur period carri amount asset liabil recov settl tax base asset liabil amount attribut asset liabil tax purpos tax expens tax incom compris current tax expens current tax incom defer tax expens defer tax incom tax base tax base asset amount deduct tax purpos taxabl econom benefit flow enterpris recov carri amount asset econom benefit taxabl tax base asset equal carri amount exampl machin cost tax purpos depreci deduct current prior period remain cost deduct futur period depreci deduct dispos revenu gener machin taxabl gain dispos machin taxabl loss dispos deduct tax purpos tax base machin interest receiv carri amount relat interest revenu tax cash basi tax base interest receiv nil trade receiv carri amount relat revenu includ taxabl profit tax loss tax base trade receiv dividend receiv subsidiari carri amount dividend taxabl substanc entir carri amount asset deduct econom benefit tax base dividend receiv loan receiv carri amount repay loan tax consequ tax base loan tax base liabil carri amount amount deduct tax purpos respect liabil futur period case revenu receiv advanc tax base result liabil carri amount amount revenu taxabl futur period exampl current liabil includ accru expens carri amount relat expens deduct tax purpos cash basi tax base accru expens nil current liabil includ interest revenu receiv advanc carri amount relat interest revenu tax cash basi tax base interest receiv advanc nil current liabil includ accru expens carri amount relat expens deduct tax purpos tax base accru expens current liabil includ accru fine penalti carri amount fine penalti deduct tax purpos tax base accru fine penalti loan payabl carri amount repay loan tax consequ tax base loan item tax base recognis asset liabil balanc sheet research cost recognis expens determin account profit period incur permit deduct determin taxabl profit tax loss period differ tax base research cost amount taxat author permit deduct futur period carri amount nil deduct temporari differ result defer tax asset tax base asset liabil immedi appar help fundament principl standard base enterpris limit except recognis defer tax liabil asset recoveri settlement carri amount asset liabil make futur tax payment larger smaller recoveri settlement tax consequ paragraph illustr circumst help fundament principl tax base asset liabil depend expect manner recoveri settlement consolid financi statement temporari differ determin compar carri amount asset liabil consolid financi statement tax base tax base determin refer consolid tax return jurisdict return file jurisdict tax base determin refer tax return enterpris group recognit current tax liabil current tax asset current tax current prior period extent unpaid recognis liabil amount paid respect current prior period exce amount due period excess recognis asset benefit relat tax loss carri back recov current tax previou period recognis asset tax loss recov current tax previou period enterpris recognis benefit asset period tax loss occur probabl benefit flow enterpris benefit reliabl measur recognit defer tax liabil defer tax asset taxabl temporari differ defer tax liabil recognis taxabl temporari differ defer tax liabil aris goodwil amortis deduct tax purpos initi recognit asset liabil transact busi combin ii time transact affect account profit taxabl profit tax loss taxabl temporari differ invest subsidiari branch associ interest joint ventur defer tax liabil recognis accord paragraph inher recognit asset carri amount recov form econom benefit flow enterpris futur period carri amount asset exce tax base amount taxabl econom benefit exce amount allow deduct tax purpos differ taxabl temporari differ oblig pai result incom tax futur period defer tax liabil enterpris recov carri amount asset taxabl temporari differ revers enterpris taxabl profit make probabl econom benefit flow enterpris form tax payment standard requir recognit defer tax liabil circumst paragraph asset cost carri amount cumul depreci tax purpos tax rate tax base asset cost cumul tax depreci recov carri amount enterpris earn taxabl incom deduct tax depreci enterpris pai incom tax recov carri amount asset differ carri amount tax base taxabl temporari differ enterpris recognis defer tax liabil repres incom tax pai recov carri amount asset temporari differ aris incom expens includ account profit period includ taxabl profit period temporari differ time differ exampl temporari differ kind taxabl temporari differ result defer tax liabil interest revenu includ account profit time proport basi jurisdict includ taxabl profit cash collect tax base receiv recognis balanc sheet respect revenu nil revenu affect taxabl profit cash collect depreci determin taxabl profit tax loss differ determin account profit temporari differ differ carri amount asset tax base origin cost asset deduct respect asset permit taxat author determin taxabl profit current prior period taxabl temporari differ aris result defer tax liabil tax depreci acceler tax depreci rapid account depreci deduct temporari differ aris result defer tax asset develop cost capitalis amortis futur period determin account profit deduct determin taxabl profit period incur develop cost tax base nil deduct taxabl profit temporari differ differ carri amount develop cost tax base nil temporari differ aris cost busi combin acquisit alloc identifi asset liabil acquir refer fair valu equival adjust made tax purpos paragraph asset revalu equival adjust made tax purpos paragraph goodwil neg goodwil aris consolid paragraph tax base asset liabil initi recognit differ initi carri amount enterpris benefit taxabl govern grant relat asset paragraph carri amount invest subsidiari branch associ interest joint ventur tax base invest interest paragraph busi combin busi combin acquisit cost acquisit alloc identifi asset liabil acquir refer fair valu date exchang transact temporari differ aris tax base identifi asset liabil acquir affect busi combin affect differ carri amount asset increas fair tax base asset remain cost previou owner taxabl temporari differ aris result defer tax liabil result defer tax liabil affect goodwil paragraph asset carri fair intern account standard permit asset carri fair revalu ia properti plant equip ia intang asset ia financi instrument recognit measur ia invest properti jurisdict revalu restat asset fair affect taxabl profit tax loss current period result tax base asset adjust temporari differ aris jurisdict revalu restat asset affect taxabl profit period revalu restat tax base asset adjust futur recoveri carri amount result taxabl flow econom benefit enterpris amount deduct tax purpos differ amount econom benefit differ carri amount revalu asset tax base temporari differ rise defer tax liabil asset true enterpris intend dispos asset case revalu carri amount asset recov gener taxabl incom exce depreci allow tax purpos futur period tax capit gain defer proce dispos asset invest similar asset case tax ultim payabl sale similar asset goodwil goodwil excess cost acquisit acquir interest fair identifi asset liabil acquir taxat author amortis goodwil deduct expens determin taxabl profit jurisdict cost goodwil deduct subsidiari dispos underli busi jurisdict goodwil tax base nil differ carri amount goodwil tax base nil taxabl temporari differ standard permit recognit result defer tax liabil goodwil residu recognit defer tax liabil increas carri amount goodwil initi recognit asset liabil temporari differ aris initi recognit asset liabil part cost asset deduct tax purpos method account temporari differ depend natur transact led initi recognit asset busi combin enterpris recognis defer tax liabil asset affect amount goodwil neg goodwil paragraph transact affect account profit taxabl profit enterpris recognis defer tax liabil asset recognis result defer tax expens incom incom statement paragraph transact busi combin affect account profit taxabl profit enterpris absenc exempt provid paragraph recognis result defer tax liabil asset adjust carri amount asset liabil amount adjust make financi statement transpar standard permit enterpris recognis result defer tax liabil asset initi recognit subsequ page enterpris recognis subsequ unrecognis defer tax liabil asset asset depreci accord ia financi instrument disclosur present issuer compound financi instrument convert bond classifi instrument liabil compon liabil equiti compon equiti jurisdict tax base liabil compon initi recognit equal initi carri amount sum liabil equiti compon result taxabl temporari differ aris initi recognit equiti compon separ liabil compon except set paragraph appli enterpris recognis result defer tax liabil accord paragraph defer tax charg directli carri amount equiti compon accord paragraph subsequ defer tax liabil recognis incom statement defer tax expens incom illustr paragraph enterpris intend asset cost life year dispos residu nil tax rate depreci asset deduct tax purpos dispos capit gain taxabl capit loss deduct recov carri amount asset enterpris earn taxabl incom pai tax enterpris recognis result defer tax liabil result initi recognit asset year carri amount asset earn taxabl incom enterpris pai tax enterpris recognis defer tax liabil result initi recognit asset deduct temporari differ defer tax asset recognis deduct temporari differ extent probabl taxabl profit deduct temporari differ utilis defer tax asset aris neg goodwil treat defer incom accord ia busi combin initi recognit asset liabil transact busi combin ii time transact affect account profit taxabl profit tax loss deduct temporari differ invest subsidiari branch associ interest joint ventur defer tax asset recognis accord paragraph inher recognit liabil carri amount settl futur period outflow enterpris resourc embodi econom benefit resourc flow enterpris part amount deduct determin taxabl profit period period liabil recognis case temporari differ exist carri amount liabil tax base defer tax asset aris respect incom tax recover futur period part liabil allow deduct determin taxabl profit similarli carri amount asset tax base differ rise defer tax asset respect incom tax recover futur period enterpris recognis liabil accru product warranti cost tax purpos product warranti cost deduct enterpris pai claim tax rate tax base liabil nil carri amount amount deduct tax purpos respect liabil futur period settl liabil carri amount enterpris reduc futur taxabl profit amount reduc futur tax payment differ carri amount tax base nil deduct temporari differ enterpris recognis defer tax asset provid probabl enterpris earn suffici taxabl profit futur period benefit reduct tax payment exampl deduct temporari differ result defer tax asset retir benefit cost deduct determin account profit servic provid employe deduct determin taxabl profit contribut paid fund enterpris retir benefit paid enterpris temporari differ exist carri amount liabil tax base tax base liabil nil deduct temporari differ result defer tax asset econom benefit flow enterpris form deduct taxabl profit contribut retir benefit paid research cost recognis expens determin account profit period incur permit deduct determin taxabl profit tax loss period differ tax base research cost amount taxat author permit deduct futur period carri amount nil deduct temporari differ result defer tax asset busi combin acquisit cost acquisit alloc asset liabil recognis refer fair valu date exchang transact liabil recognis acquisit relat cost deduct determin taxabl profit period deduct temporari differ aris result defer tax asset defer tax asset aris fair identifi asset acquir tax base case result defer tax asset affect goodwil paragraph asset carri fair revalu equival adjust made tax purpos paragraph deduct temporari differ aris tax base asset exce carri amount revers deduct temporari differ result deduct determin taxabl profit futur period econom benefit form reduct tax payment flow enterpris earn suffici taxabl profit deduct offset enterpris recognis defer tax asset probabl taxabl profit deduct temporari differ utilis probabl taxabl profit deduct temporari differ utilis suffici taxabl temporari differ relat taxat author taxabl entiti expect revers period expect revers deduct temporari differ period tax loss aris defer tax asset carri back forward circumst defer tax asset recognis period deduct temporari differ aris insuffici taxabl temporari differ relat taxat author taxabl entiti defer tax asset recognis extent probabl enterpris suffici taxabl profit relat taxat author taxabl entiti period revers deduct temporari differ period tax loss aris defer tax asset carri back forward evalu suffici taxabl profit futur period enterpris ignor taxabl amount aris deduct temporari differ expect origin futur period defer tax asset aris deduct temporari differ requir futur taxabl profit order utilis tax plan opportun enterpris creat taxabl profit period tax plan opportun action enterpris order creat increas taxabl incom period expiri tax loss tax credit carryforward jurisdict taxabl profit creat increas elect interest incom tax receiv receiv basi defer claim deduct taxabl profit sell leas back asset appreci tax base adjust reflect appreci sell asset gener taxabl incom jurisdict govern bond order purchas invest gener taxabl incom tax plan opportun advanc taxabl profit period earlier period utilis tax loss tax credit carryforward depend exist futur taxabl profit sourc futur origin temporari differ enterpris histori recent loss enterpris consid guidanc paragraph neg goodwil standard permit recognit defer tax asset aris deduct temporari differ neg goodwil treat defer incom accord ia busi combin neg goodwil residu recognit defer tax asset increas carri amount neg goodwil initi recognit asset liabil case defer tax asset aris initi recognit asset taxabl govern grant relat asset deduct arriv carri amount asset tax purpos deduct asset depreci amount word tax base carri amount asset tax base rise deduct temporari differ govern grant set defer incom case differ defer incom tax base nil deduct temporari differ whichev method present enterpris adopt enterpris recognis result defer tax asset reason paragraph unus tax loss unus tax credit defer tax asset recognis carryforward unus tax loss unus tax credit extent probabl futur taxabl profit unus tax loss unus tax credit utilis criteria recognis defer tax asset aris carryforward unus tax loss tax credit criteria recognis defer tax asset aris deduct temporari differ exist unus tax loss strong evid futur taxabl profit enterpris histori recent loss enterpris recognis defer tax asset aris unus tax loss tax credit extent enterpris suffici taxabl temporari differ convinc evid suffici taxabl profit unus tax loss unus tax credit utilis enterpris circumst paragraph requir disclosur amount defer tax asset natur evid support recognit enterpris consid criteria assess probabl taxabl profit unus tax loss unus tax credit utilis enterpris suffici taxabl temporari differ relat taxat author taxabl entiti result taxabl amount unus tax loss unus tax credit utilis expir probabl enterpris taxabl profit unus tax loss unus tax credit expir unus tax loss result identifi recur tax plan opportun paragraph enterpris creat taxabl profit period unus tax loss unus tax credit utilis extent probabl taxabl profit unus tax loss unus tax credit utilis defer tax asset recognis reassess unrecognis defer tax asset balanc sheet date enterpris reassess unrecognis defer tax asset enterpris recognis previous unrecognis defer tax asset extent probabl futur taxabl profit defer tax asset recov improv trade condit make probabl enterpris gener suffici taxabl profit futur defer tax asset meet recognit criteria set paragraph enterpris reassess defer tax asset date busi combin subsequ paragraph invest subsidiari branch associ interest joint ventur temporari differ aris carri amount invest subsidiari branch associ interest joint ventur parent investor share net asset subsidiari branch associ investe includ carri amount goodwil tax base cost invest interest differ aris number circumst exist undistribut profit subsidiari branch associ joint ventur foreign exchang rate parent subsidiari base countri reduct carri amount invest associ recover amount consolid financi statement temporari differ temporari differ invest parent separ financi statement parent carri invest separ financi statement cost revalu amount enterpris recognis defer tax liabil taxabl temporari differ invest subsidiari branch associ interest joint ventur extent condit satisfi parent investor ventur control time revers temporari differ probabl temporari differ revers forese futur parent control dividend polici subsidiari control time revers temporari differ invest includ temporari differ aris undistribut profit foreign exchang translat differ impractic determin amount incom tax payabl temporari differ revers parent determin profit distribut forese futur parent recognis defer tax liabil consider appli invest branch enterpris account currenc monetari asset liabil foreign oper integr enterpris oper ia effect foreign exchang rate foreign oper taxabl profit tax loss tax base monetari asset liabil determin foreign currenc exchang rate give rise temporari differ temporari differ relat foreign oper asset liabil report enterpris invest foreign oper report enterpris recognis result defer tax liabil subject paragraph asset result defer tax charg credit incom statement paragraph investor associ control enterpris posit determin dividend polici absenc agreement requir profit associ distribut forese futur investor recognis defer tax liabil aris taxabl temporari differ invest associ case investor determin amount tax payabl recov cost invest associ determin equal exce minimum amount case defer tax liabil measur amount arrang parti joint ventur deal share profit identifi decis matter requir consent ventur major ventur ventur control share profit probabl profit distribut forese futur defer tax liabil recognis enterpris recognis defer tax asset deduct temporari differ aris invest subsidiari branch associ interest joint ventur extent extent probabl temporari differ revers forese futur taxabl profit temporari differ utilis decid defer tax asset recognis deduct temporari differ invest subsidiari branch associ interest joint ventur enterpris consid guidanc set paragraph measur current tax liabil asset current prior period measur amount expect paid recov taxat author tax rate tax law enact substant enact balanc sheet date defer tax asset liabil measur tax rate expect appli period asset realis liabil settl base tax rate tax law enact substant enact balanc sheet date current defer tax asset liabil measur tax rate tax law enact jurisdict announc tax rate tax law govern substant effect actual enact follow announc period month circumst tax asset liabil measur announc tax rate tax law tax rate appli level taxabl incom defer tax asset liabil measur averag rate expect appli taxabl profit tax loss period temporari differ expect revers delet measur defer tax liabil defer tax asset reflect tax consequ follow manner enterpris expect balanc sheet date recov settl carri amount asset liabil jurisdict manner enterpris recov settl carri amount asset liabil affect tax rate applic enterpris recov settl carri amount asset liabil tax base asset liabil case enterpris measur defer tax liabil defer tax asset tax rate tax base consist expect manner recoveri settlement asset carri amount tax base tax rate appli asset sold tax rate appli incom enterpris recognis defer tax liabil expect sell asset defer tax liabil expect retain asset recov carri amount asset cost carri amount revalu equival adjust made tax purpos cumul depreci tax purpos tax rate asset sold cost cumul tax depreci includ taxabl incom sale proce excess cost taxabl tax base asset taxabl temporari differ enterpris expect recov carri amount asset gener taxabl incom deduct depreci basi defer tax liabil enterpris expect recov carri amount sell asset immedi proce defer tax liabil comput gt tabl gt note accord paragraph addit defer tax aris revalu charg directli equiti fact asset sold cost cumul tax depreci includ taxabl incom tax sale proce tax deduct inflat adjust cost enterpris expect recov carri amount asset gener taxabl incom deduct depreci basi tax base taxabl temporari differ defer tax liabil enterpris expect recov carri amount sell asset immedi proce enterpris deduct index cost net proce tax addit cumul tax depreci includ taxabl incom tax basi tax base taxabl temporari differ defer tax liabil tax base immedi appar help fundament principl set paragraph note accord paragraph addit defer tax aris revalu charg directli equiti jurisdict incom tax payabl higher lower rate part net profit retain earn paid dividend sharehold enterpris jurisdict incom tax refund payabl part net profit retain earn paid dividend sharehold enterpris circumst current defer tax asset liabil measur tax rate applic undistribut profit circumst paragraph incom tax consequ dividend recognis liabil pai dividend recognis incom tax consequ dividend directli link past transact event distribut owner incom tax consequ dividend recognis net profit loss period requir paragraph extent incom tax consequ dividend aris circumst paragraph illustr paragraph deal measur current defer tax asset liabil enterpris jurisdict incom tax payabl higher rate undistribut profit amount refund profit distribut tax rate distribut profit balanc sheet date decemb enterpris recognis liabil dividend propos declar balanc sheet date result dividend recognis year taxabl incom net taxabl temporari differ year enterpris recognis current tax liabil current incom tax expens asset recognis amount potenti recover result futur dividend enterpris recognis defer tax liabil defer tax expens repres incom tax enterpris pai recov settl carri amount asset liabil base tax rate applic undistribut profit subsequ march enterpris recognis dividend previou oper profit liabil march enterpris recognis recoveri incom tax dividend recognis liabil current tax asset reduct current incom tax expens defer tax asset liabil discount reliabl determin defer tax asset liabil discount basi requir detail schedul time revers temporari differ case schedul impractic highli complex inappropri requir discount defer tax asset liabil permit requir discount result defer tax asset liabil compar enterpris standard requir permit discount defer tax asset liabil temporari differ determin refer carri amount asset liabil appli carri amount determin discount basi case retir benefit oblig ia employe benefit carri amount defer tax asset review balanc sheet date enterpris reduc carri amount defer tax asset extent longer probabl suffici taxabl profit benefit part defer tax asset utilis reduct revers extent probabl suffici taxabl profit recognit current defer tax account current defer tax effect transact event consist account transact event paragraph implement principl incom statement current defer tax recognis incom expens includ net profit loss period extent tax aris transact event recognis period directli equiti paragraph busi combin acquisit paragraph defer tax liabil defer tax asset aris incom expens includ account profit period includ taxabl profit tax loss period result defer tax recognis incom statement exampl interest royalti dividend revenu receiv arrear includ account profit time apportion basi accord ia revenu includ taxabl profit tax loss cash basi cost intang asset capitalis accord ia intang asset amortis incom statement deduct tax purpos incur carri amount defer tax asset liabil chang chang amount relat temporari differ result chang tax rate tax law reassess recover defer tax asset chang expect manner recoveri asset result defer tax recognis incom statement extent relat item previous charg credit equiti paragraph item credit charg directli equiti current tax defer tax charg credit directli equiti tax relat item credit charg period directli equiti intern account standard requir permit item credit charg directli equiti exampl item chang carri amount aris revalu properti plant equip ia properti plant equip adjust open balanc retain earn result chang account polici appli retrospect correct fundament error ia net profit loss period fundament error account polici exchang differ aris translat financi statement foreign entiti ia effect foreign exchang rate amount aris initi recognit equiti compon compound financi instrument paragraph except circumst difficult determin amount current defer tax relat item credit charg equiti case graduat rate incom tax imposs determin rate specif compon taxabl profit tax loss tax chang tax rate tax rule affect defer tax asset liabil relat part item previous charg credit equiti enterpris determin defer tax asset recognis longer recognis full defer tax asset relat part item previous charg credit equiti case current defer tax relat item credit charg equiti base reason pro rata alloc current defer tax entiti tax jurisdict concern method achiev alloc circumst ia properti plant equip enterpris transfer year revalu surplu retain earn amount equal differ depreci amortis revalu asset depreci amortis base cost asset enterpris make transfer amount transfer net relat defer tax similar consider appli transfer made dispos item properti plant equip asset revalu tax purpos revalu relat account revalu earlier period expect carri futur period tax effect asset revalu adjust tax base credit charg equiti period occur revalu tax purpos relat account revalu earlier period expect carri futur period tax effect adjust tax base recognis incom statement enterpris pai dividend sharehold requir pai portion dividend taxat author behalf sharehold jurisdict amount refer withhold tax amount paid payabl taxat author charg equiti part dividend defer tax aris busi combin explain paragraph temporari differ aris busi combin acquisit accord ia busi combin enterpris recognis result defer tax asset extent meet recognit criteria paragraph defer tax liabil identifi asset liabil date acquisit defer tax asset liabil affect goodwil neg goodwil accord paragraph enterpris recognis defer tax liabil aris goodwil amortis goodwil deduct tax purpos defer tax asset aris taxabl neg goodwil treat defer incom result busi combin acquir probabl recov defer tax asset recognis prior busi combin acquir utilis benefit unus tax loss futur taxabl profit acquire case acquir recognis defer tax asset take account determin goodwil neg goodwil aris acquisit acquir recognis defer tax asset acquire identifi asset date busi combin defer tax asset subsequ recognis acquir consolid financi statement result defer tax incom recognis incom statement addit acquir adjust gross carri amount goodwil relat accumul amortis amount record defer tax asset recognis identifi asset date busi combin recognis reduct net carri amount goodwil expens acquir recognis neg goodwil increas carri amount neg goodwil enterpris acquir subsidiari deduct temporari differ tax rate time acquisit result defer tax asset recognis identifi asset determin goodwil result acquisit goodwil amortis year year acquisit enterpris assess futur taxabl profit suffici enterpris recov benefit deduct temporari differ enterpris recognis defer tax asset incom statement defer tax incom reduc cost goodwil accumul amortis repres year amortis balanc recognis expens incom statement cost goodwil relat accumul amortis reduc amount record defer tax asset recognis identifi asset date busi combin tax rate increas enterpris recognis defer tax asset incom statement defer tax incom tax rate decreas enterpris recognis defer tax asset defer tax incom case enterpris reduc cost goodwil accumul amortis recognis balanc expens incom statement present tax asset tax liabil tax asset tax liabil present separ asset liabil balanc sheet defer tax asset liabil distinguish current tax asset liabil enterpris make distinct current current asset liabil financi statement classifi defer tax asset liabil current asset liabil offset enterpris offset current tax asset current tax liabil enterpris legal enforc set recognis amount intend settl net basi realis asset settl liabil simultan current tax asset liabil separ recognis measur offset balanc sheet subject criteria similar establish financi instrument ia financi instrument disclosur present enterpris legal enforc set current tax asset current tax liabil relat incom tax levi taxat author taxat author permit enterpris make receiv singl net payment consolid financi statement current tax asset enterpris group offset current tax liabil enterpris group enterpris concern legal enforc make receiv singl net payment enterpris intend make receiv net payment recov asset settl liabil simultan enterpris offset defer tax asset defer tax liabil enterpris legal enforc set current tax asset current tax liabil defer tax asset defer tax liabil relat incom tax levi taxat author taxabl entiti ii taxabl entiti intend settl current tax liabil asset net basi realis asset settl liabil simultan futur period signific amount defer tax liabil asset expect settl recov avoid detail schedul time revers temporari differ standard requir enterpris set defer tax asset defer tax liabil taxabl entiti relat incom tax levi taxat author enterpris legal enforc set current tax asset current tax liabil rare circumst enterpris legal enforc set intent settl net period rare circumst detail schedul requir establish reliabl defer tax liabil taxabl entiti result increas tax payment period defer tax asset taxabl entiti result decreas payment taxabl entiti tax expens tax expens incom relat profit loss ordinari activ tax expens incom relat profit loss ordinari activ present face incom statement exchang differ defer foreign tax liabil asset ia effect foreign exchang rate requir exchang differ recognis incom expens differ present incom statement exchang differ defer foreign tax liabil asset recognis incom statement differ classifi defer tax expens incom present consid financi statement user disclosur major compon tax expens incom disclos separ compon tax expens incom includ current tax expens incom adjust recognis period current tax prior period amount defer tax expens incom relat origin revers temporari differ amount defer tax expens incom relat tax rate imposit tax amount benefit aris previous unrecognis tax loss tax credit temporari differ prior period reduc current tax expens amount benefit previous unrecognis tax loss tax credit temporari differ prior period reduc defer tax expens defer tax expens aris write revers previou write defer tax asset accord paragraph amount tax expens incom relat account polici fundament error includ determin net profit loss period accord allow altern treatment ia net profit loss period fundament error account polici disclos separ aggreg current defer tax relat item charg credit equiti tax expens incom relat extraordinari item recognis period explan relationship tax expens incom account profit form numer reconcili tax expens incom product account profit multipli applic tax rate disclos basi applic tax rate comput ii numer reconcili averag effect tax rate applic tax rate disclos basi applic tax rate comput explan applic tax rate compar previou account period amount expiri date deduct temporari differ unus tax loss unus tax credit defer tax asset recognis balanc sheet aggreg amount temporari differ invest subsidiari branch associ interest joint ventur defer tax liabil recognis paragraph respect type temporari differ respect type unus tax loss unus tax credit amount defer tax asset liabil recognis balanc sheet period present ii amount defer tax incom expens recognis incom statement appar amount recognis balanc sheet respect discontinu oper tax expens relat gain loss discontinu ii profit loss ordinari activ discontinu oper period amount prior period present amount incom tax consequ dividend sharehold enterpris propos declar financi statement authoris issu recognis liabil financi statement enterpris disclos amount defer tax asset natur evid support recognit utilis defer tax asset depend futur taxabl profit excess profit aris revers exist taxabl temporari differ enterpris suffer loss current preced period tax jurisdict defer tax asset relat circumst paragraph enterpris disclos natur potenti incom tax consequ result payment dividend sharehold addit enterpris disclos amount potenti incom tax consequ practic determin potenti incom tax consequ practic determin enterpris disclos natur amount extraordinari item face incom statement note financi statement disclosur made note financi statement total amount extraordinari item disclos face incom statement net aggreg relat tax expens incom financi statement user find disclosur tax expens incom relat extraordinari item difficult alloc tax expens incom item circumst tax expens incom relat extraordinari item disclos aggreg disclosur requir paragraph enabl user financi statement understand relationship tax expens incom account profit unusu understand signific factor affect relationship futur relationship tax expens incom account profit affect factor revenu exempt taxat expens deduct determin taxabl profit tax loss effect tax loss effect foreign tax rate explain relationship tax expens incom account profit enterpris applic tax rate meaning inform user financi statement meaning rate domest rate tax countri enterpris domicil aggreg tax rate appli nation tax rate appli local tax comput substanti similar level taxabl profit tax loss enterpris oper jurisdict meaning aggreg separ reconcili prepar domest rate individu jurisdict illustr select applic tax rate affect present numer reconcili averag effect tax rate tax expens incom divid account profit impractic comput amount unrecognis defer tax liabil aris invest subsidiari branch associ interest joint ventur paragraph standard requir enterpris disclos aggreg amount underli temporari differ requir disclosur defer tax liabil practic enterpris encourag disclos amount unrecognis defer tax liabil financi statement user find inform paragraph requir enterpris disclos natur potenti incom tax consequ result payment dividend sharehold enterpris disclos import featur incom tax system factor affect amount potenti incom tax consequ dividend practic comput total amount potenti incom tax consequ result payment dividend sharehold case enterpris larg number foreign subsidiari circumst portion total amount easili determin consolid group parent subsidiari paid incom tax higher rate undistribut profit awar amount refund payment futur dividend sharehold consolid retain earn case refund amount disclos applic enterpris disclos addit potenti incom tax consequ practic determin parent separ financi statement disclosur potenti incom tax consequ relat parent retain earn enterpris requir provid disclosur paragraph requir provid disclosur relat temporari differ invest subsidiari branch associ interest joint ventur case enterpris consid determin inform disclos paragraph enterpris requir disclos aggreg amount temporari differ invest subsidiari defer tax liabil recognis paragraph impractic comput amount unrecognis defer tax liabil paragraph amount potenti incom tax consequ dividend practic determin relat subsidiari enterpris disclos tax relat conting liabil conting asset accord ia provis conting liabil conting asset conting liabil conting asset aris unresolv disput taxat author similarli tax rate tax law enact announc balanc sheet date enterpris disclos signific effect current defer tax asset liabil ia event balanc sheet date illustr paragraph enterpris account profit jurisdict countri countri tax rate countri countri countri expens deduct tax purpos gt tabl gt reconcili prepar aggreg separ reconcili nation jurisdict method effect differ report enterpris domest tax rate domest tax rate jurisdict separ item reconcili enterpris discuss effect signific tax rate mix profit earn jurisdict order explain applic tax rate requir paragraph gt tabl gt effect date intern account standard oper financi statement cover period begin januari paragraph enterpris appli standard financi statement cover period begin januari enterpris disclos fact appli standard ia account tax incom approv standard supersed ia account tax incom approv paragraph delet paragraph oper annual financi statement cover period begin januari earlier adopt encourag earlier adopt affect financi statement enterpris disclos fact intern account standard ia revis segment report revis intern account standard supersed ia report financi inform segment approv board reformat version revis standard oper financi statement cover period begin juli paragraph ia impair asset set disclosur requir report impair loss segment introduct standard quot ia revis quot replac ia report financi inform segment quot origin ia quot ia revis effect account period begin juli major origin ia origin ia appli enterpris secur publicli trade econom signific entiti ia revis appli enterpris equiti debt secur publicli trade includ enterpris process issu equiti debt secur public secur market econom signific entiti origin ia requir inform report industri segment geograph segment provid gener guidanc identifi industri segment geograph segment suggest intern organis group provid basi determin report segment segment report requir reclassif data ia revis requir inform report busi segment geograph segment detail guidanc origin ia identifi busi segment geograph segment requir enterpris intern organis structur intern report system purpos identifi segment intern segment base group relat product servic geographi ia revis requir enterpris lower level intern segment identifi report segment origin ia requir quantiti inform report industri segment geograph segment ia revis basi segment primari secondari consider inform requir disclos secondari segment origin ia silent segment inform prepar account polici adopt consolid enterpris financi statement ia revis requir account polici origin ia allow differ definit segment result enterpris ia revis detail guidanc origin ia specif item revenu expens includ exclud segment revenu segment expens ia revis standardis measur segment result extent item revenu oper expens directli attribut alloc segment ia revis requir quot symmetri quot inclus item segment result segment asset segment result reflect depreci expens depreci asset includ segment asset origin ia silent matter origin ia silent segment deem small separ report combin segment exclud report segment ia revis small intern report segment requir separ report combin share substanti number factor defin busi segment geograph segment combin similar signific segment inform report intern condit met origin ia silent geograph segment base enterpris asset locat origin sale custom locat destin sale ia revis requir whichev basi enterpris geograph segment item data present basi significantli origin ia requir princip item inform industri segment geograph segment sale oper revenu distinguish revenu deriv custom enterpris revenu deriv segment segment result segment asset emploi basi inter segment price enterpris primari basi segment report busi segment geograph segment ia revis requir item inform segment liabil cost properti plant equip intang asset acquir period depreci amortis expens cash expens depreci amortis enterpris share net profit loss associ joint ventur invest account equiti method substanti associ oper segment amount relat invest enterpris secondari basi segment report ia revis drop origin ia requir segment result replac cost properti plant equip intang asset acquir period origin ia silent prior period segment inform present compar purpos restat materi chang segment account polici ia revis requir restat impractic ia revis requir total revenu extern custom report segment combin total enterpris revenu addit report segment identifi level reach origin ia allow method price inter segment transfer segment data price transfer ia revis requir inter segment transfer measur basi enterpris price transfer ia revis requir disclosur revenu segment deem report earn major revenu sale segment segment revenu sale extern custom total enterpris revenu origin ia compar requir content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard establish principl report financi inform segment inform type product servic enterpris produc geograph area oper user financi statement understand enterpris past perform assess enterpris risk return make inform judgement enterpris enterpris provid group product servic oper geograph area subject differ rate profit opportun growth futur prospect risk inform enterpris type product servic oper geograph area call segment inform relev assess risk return diversifi multin enterpris determin aggreg data segment inform wide regard meet user financi statement scope standard appli complet set publish financi statement compli intern account standard complet set financi statement includ balanc sheet incom statement cash flow statement statement show equiti note provid ia present financi statement standard appli enterpris equiti debt secur publicli trade enterpris process issu equiti debt secur public secur market enterpris secur publicli trade prepar financi statement compli intern account standard enterpris encourag disclos financi inform segment voluntarili enterpris secur publicli trade choos disclos segment inform voluntarili financi statement compli intern account standard enterpris compli fulli requir standard singl financi report consolid financi statement enterpris secur publicli trade separ financi statement parent subsidiari segment inform present basi consolid financi statement subsidiari enterpris secur publicli trade present segment inform separ financi report similarli singl financi report financi statement enterpris secur publicli trade separ financi statement equiti method associ joint ventur enterpris financi interest segment inform present basi enterpris financi statement equiti method associ joint ventur enterpris secur publicli trade present segment inform separ financi report definit definit intern account standard term standard mean ia cash flow statement ia net profit loss period fundament error account polici ia revenu oper activ princip revenu produc activ enterpris activ invest financ activ account polici specif principl base convent rule practic adopt enterpris prepar present financi statement revenu gross inflow econom benefit period aris ordinari activ enterpris inflow result increas equiti increas relat contribut equiti particip definit busi segment geograph segment term busi segment geograph segment standard mean busi segment distinguish compon enterpris engag provid individu product servic group relat product servic subject risk return busi segment factor consid determin product servic relat includ natur product servic natur product process type class custom product servic method distribut product provid servic applic natur regulatori environ bank insur public util geograph segment distinguish compon enterpris engag provid product servic econom environ subject risk return compon oper econom environ factor consid identifi geograph segment includ similar econom polit condit relationship oper geograph area proxim oper special risk oper area exchang control regul underli currenc risk report segment busi segment geograph segment identifi base forego definit segment inform requir disclos standard factor paragraph identifi busi segment geograph segment list order singl busi segment includ product servic significantli differ risk return dissimilar respect factor definit busi segment product servic includ singl busi segment expect similar respect major factor similarli geograph segment includ oper econom environ significantli differ risk return geograph segment singl countri group countri region countri predomin sourc risk affect enterpris organis manag paragraph standard enterpris organis structur intern financi report system basi identifi segment risk return enterpris influenc geograph locat oper product produc servic deliveri activ base locat market product sold servic render definit geograph segment base locat enterpris product servic facil asset locat market custom enterpris organis intern report structur provid evid domin sourc geograph risk result locat asset origin sale locat custom destin sale enterpris structur determin geograph segment base locat asset locat custom determin composit busi geograph segment involv amount judgement make judgement enterpris manag take account object report financi inform segment set standard qualit characterist financi statement identifi iasc framework prepar present financi statement qualit characterist includ relev reliabl compar time financi inform report enterpris group product servic oper geograph area us inform assess risk return enterpris definit segment revenu expens result asset liabil addit term standard mean segment revenu revenu report enterpris incom statement directli attribut segment relev portion enterpris revenu alloc reason basi segment sale extern custom transact segment enterpris segment revenu includ extraordinari item interest dividend incom includ interest earn advanc loan segment segment oper primarili financi natur gain sale invest gain extinguish debt segment oper primarili financi natur segment revenu includ enterpris share profit loss associ joint ventur invest account equiti method item includ consolid total enterpris revenu segment revenu includ joint ventur share revenu jointli control entiti account proportion consolid accord ia financi report interest joint ventur segment expens expens result oper activ segment directli attribut segment relev portion expens alloc reason basi segment includ expens relat sale extern custom expens relat transact segment enterpris segment expens includ extraordinari item interest includ interest incur advanc loan segment segment oper primarili financi natur loss sale invest loss extinguish debt segment oper primarili financi natur enterpris share loss associ joint ventur invest account equiti method incom tax expens gener administr expens head offic expens expens aris enterpris level relat enterpris cost incur enterpris level behalf segment cost segment expens relat segment oper activ directli attribut alloc segment reason basi segment expens includ joint ventur share expens jointli control entiti account proportion consolid accord ia segment oper primarili financi natur interest incom interest expens report singl net amount segment report purpos item net consolid enterpris financi statement segment result segment revenu segment expens segment result determin adjust minor interest segment asset oper asset emploi segment oper activ directli attribut segment alloc segment reason basi segment segment result includ interest dividend incom segment asset includ relat receiv loan invest incom produc asset segment asset includ incom tax asset segment asset includ invest account equiti method profit loss invest includ segment revenu segment asset includ joint ventur share oper asset jointli control entiti account proportion consolid accord ia segment asset determin deduct relat allow report direct offset enterpris balanc sheet segment liabil oper liabil result oper activ segment directli attribut segment alloc segment reason basi segment segment result includ interest expens segment liabil includ relat interest bear liabil segment liabil includ joint ventur share liabil jointli control entiti account proportion consolid accord ia segment liabil includ incom tax liabil segment account polici account polici adopt prepar present financi statement consolid group enterpris account polici relat specif segment report definit segment revenu segment expens segment asset segment liabil includ amount item directli attribut segment amount item alloc segment reason basi enterpris intern financi report system start point identifi item directli attribut alloc segment presumpt amount identifi segment intern financi report purpos directli attribut alloc segment purpos measur segment revenu segment expens segment asset segment liabil report segment case revenu expens asset liabil alloc segment intern financi report purpos basi understood enterpris manag deem subject arbitrari difficult understand extern user financi statement alloc constitut reason basi definit segment revenu segment expens segment asset segment liabil standard convers enterpris choos alloc item revenu expens asset liabil intern financi report purpos reason basi exist item alloc pursuant definit segment revenu segment expens segment asset segment liabil standard exampl segment asset includ current asset oper activ segment properti plant equip asset subject financ leas ia leas intang asset item depreci amortis includ segment expens relat asset includ segment asset segment asset includ asset gener enterpris head offic purpos segment asset includ oper asset share segment reason basi alloc exist segment asset includ goodwil directli attribut segment alloc segment reason basi segment expens includ relat amortis goodwil exampl segment liabil includ trade payabl accru liabil custom advanc product warranti provis claim relat provis good servic segment liabil includ borrow liabil relat asset subject financ leas ia liabil incur financ oper purpos interest expens includ segment result relat interest bear liabil includ segment liabil liabil segment oper primarili financi natur includ borrow similar liabil segment result repres oper net financ profit loss debt issu head offic level enterpris wide basi directli attribut alloc interest bear liabil segment measur segment asset liabil includ adjust prior carri amount identifi segment asset segment liabil compani acquir busi combin account purchas adjust made purpos prepar consolid financi statement record parent subsidiari separ financi statement similarli properti plant equip revalu subsequ acquisit accord altern account treatment allow ia measur segment asset reflect revalu guidanc cost alloc found intern account standard paragraph ia inventori provid guidanc attribut alloc cost inventori paragraph ia construct contract provid guidanc attribut alloc cost contract guidanc attribut alloc cost segment ia cash flow statement guidanc bank overdraft includ compon cash report borrow segment revenu segment expens segment asset segment liabil determin intra group balanc intra group transact elimin part consolid process extent intra group balanc transact group enterpris singl segment account polici prepar present financi statement enterpris fundament segment account polici segment account polici includ addit polici relat specif segment report identif segment method price inter segment transfer basi alloc revenu expens segment identifi report segment primari secondari segment report format domin sourc natur enterpris risk return govern primari segment report format busi segment geograph segment enterpris risk rate return affect predominantli differ product servic produc primari format report segment inform busi segment secondari inform report geograph similarli enterpris risk rate return affect predominantli fact oper countri geograph area primari format report segment inform geograph segment secondari inform report group relat product servic enterpris intern organis manag structur system intern financi report board director chief execut offic basi identifi predomin sourc natur risk differ rate return face enterpris determin report format primari secondari provid subparagraph enterpris risk rate return strongli affect differ product servic produc differ geograph area oper evidenc quot matrix approach quot manag compani report intern board director chief execut offic enterpris busi segment primari segment report format geograph segment secondari report format enterpris intern organis manag structur system intern financi report board director chief execut offic base individu product servic group relat product servic geographi director manag enterpris determin enterpris risk return relat product servic produc geograph area oper consequ choos busi segment geograph segment enterpris primari segment report format secondari report format enterpris predomin sourc risk return determin enterpris organis manag enterpris organis manag structur intern financi report system provid evid enterpris predomin sourc risk return purpos segment report rare circumst enterpris report segment inform financi statement basi report intern top manag predomin sourc risk return primari segment report format secondari sourc risk return secondari segment report format quot matrix present quot busi segment geograph segment primari segment report format full segment disclosur basi provid inform enterpris risk rate return strongli affect differ product servic produc differ geograph area oper standard requir prohibit quot matrix present quot case enterpris organis intern report develop line unrel differ type product servic produc geograph area oper instanc intern report organis sole legal entiti result intern segment compos group unrel product servic unusu case intern report segment data meet object standard paragraph requir director manag enterpris determin enterpris risk return product servic driven geograph driven choos busi segment geograph segment enterpris primari basi segment report object achiev reason degre compar enterpris enhanc understand result inform meet express investor creditor inform product servic relat geograph relat risk return busi geograph segment enterpris busi geograph segment extern report purpos organis unit inform report board director chief execut offic purpos evalu unit past perform make decis futur alloc resourc provid paragraph enterpris intern organis manag structur system intern financi report board director chief execut offic base individu product servic group relat product servic geographi paragraph requir director manag enterpris choos busi segment geograph segment enterpris primari segment report format base assess reflect primari sourc enterpris risk return secondari report format case director manag enterpris determin busi segment geograph segment extern report purpos base factor definit paragraph standard basi system intern financi report board director chief execut offic consist segment report intern director manag busi segment geograph segment base factor definit paragraph subparagraph appli intern segment meet definit paragraph intern report segment meet definit segment segment report intern director manag satisfi definit paragraph manag enterpris lower level intern segment report inform product servic line geograph line definit paragraph intern report lower level segment meet definit busi segment geograph segment base factor paragraph criteria paragraph identifi report segment appli segment standard enterpris identifi busi geograph segment organis unit inform report board director supervisori manag director chief execut offic senior oper decis maker case group peopl purpos evalu unit past perform make decis futur alloc resourc enterpris appli paragraph intern segment product servic geograph line lower level intern segment report inform product servic line geograph line construct segment sole extern report purpos approach enterpris organis manag structur intern financi report system identifi enterpris busi geograph segment extern report purpos call quot manag approach quot organis compon inform report intern call quot oper segment quot report segment intern report busi segment geograph segment substanti similar combin singl busi segment geograph segment busi segment geograph segment substanti similar exhibit similar long term financi perform similar factor definit paragraph busi segment geograph segment identifi report segment major revenu earn sale extern custom revenu sale extern custom transact segment total revenu extern intern segment segment result profit loss combin result segment profit combin result segment loss whichev greater absolut amount asset total asset segment intern report segment threshold signific paragraph segment design report segment size design report segment size segment combin separ report segment similar intern report segment threshold signific paragraph busi segment geograph segment similar share major factor definit paragraph segment separ report combin includ unalloc reconcil item total extern revenu attribut report segment constitut total consolid enterpris revenu addit segment identifi report segment meet threshold paragraph total consolid enterpris revenu includ report segment threshold standard intend guid determin materi aspect financi report identifi report busi geograph segment limit report segment earn major revenu sale extern custom standard requir stage vertic integr oper identifi separ busi segment industri current practic report vertic integr activ separ busi segment gener signific extern sale revenu instanc intern oil compani report upstream activ explor product downstream activ refin market separ busi segment upstream product crude petroleum transfer intern enterpris refin oper standard encourag requir voluntari report vertic integr activ separ segment descript includ disclosur basi price inter segment transfer requir paragraph enterpris intern report system treat vertic integr activ separ segment enterpris choos report extern busi segment sell segment combin bui segment identifi extern report busi segment reason basi case sell segment includ unalloc reconcil item segment identifi report segment immedi preced period satisfi relev threshold continu report segment current period notwithstand revenu result asset longer exce threshold manag enterpris judg segment continu signific segment identifi report segment current period satisfi relev threshold prior period segment data present compar purpos restat reflect newli report segment separ segment segment satisfi threshold prior period impractic segment account polici segment inform prepar conform account polici adopt prepar present financi statement consolid group enterpris presumpt account polici director manag enterpris chosen prepar consolid enterpris wide financi statement director manag extern report purpos purpos segment inform user financi statement understand make inform judgement enterpris standard requir prepar segment inform account polici director manag chosen consolid enterpris account polici appli report segment segment separ stand report entiti detail calcul appli account polici enterpris wide level alloc segment reason basi pension calcul enterpris enterpris wide figur alloc segment base salari demograph data segment standard prohibit disclosur addit segment inform prepar basi account polici adopt consolid enterpris financi statement provid inform report intern board director chief execut offic purpos make decis alloc resourc segment assess perform basi measur addit inform asset jointli segment alloc segment relat revenu expens alloc segment asset liabil revenu expens item alloc segment depend factor natur item activ conduct segment rel autonomi segment singl basi alloc adopt enterpris forc alloc enterpris asset liabil revenu expens item relat jointli segment basi make alloc arbitrari difficult understand time definit segment revenu segment expens segment asset segment liabil interrel result alloc consist jointli asset alloc segment relat revenu expens alloc segment asset includ segment asset relat depreci amortis deduct measur segment result disclosur paragraph disclosur requir report segment enterpris primari segment report format paragraph identifi disclosur requir enterpris secondari report format enterpris encourag present primari segment disclosur identifi paragraph report secondari segment paragraph requir consider disclosur secondari basi paragraph address segment disclosur matter appendix standard illustr applic disclosur standard primari report format disclosur requir paragraph appli report segment base enterpris primari report format enterpris disclos segment revenu report segment segment revenu sale extern custom segment revenu transact segment separ report enterpris disclos segment result report segment enterpris comput segment net profit loss measur segment profit segment result arbitrari alloc report amount encourag addit segment result appropri measur prepar basi account polici adopt consolid enterpris financi statement enterpris includ financi statement clear descript basi measur measur segment perform segment result incom statement gross margin sale exampl measur segment perform segment result incom statement profit loss ordinari activ incom tax net profit loss enterpris disclos total carri amount segment asset report segment enterpris disclos segment liabil report segment enterpris disclos total cost incur period acquir segment asset expect period properti plant equip intang asset report segment refer capit addit capit expenditur measur requir principl accrual basi cash basi enterpris disclos total amount expens includ segment result depreci amortis segment asset period report segment enterpris encourag requir disclos natur amount item segment revenu segment expens size natur incid disclosur relev explain perform report segment period ia requir quot item incom expens profit loss ordinari activ size natur incid disclosur relev explain perform enterpris period natur amount item disclos separ quot ia offer number exampl includ write down inventori properti plant equip provis restructur dispos properti plant equip long term invest discontinu oper litig settlement revers provis paragraph intend chang classif item revenu expens ordinari extraordinari defin ia chang measur item disclosur encourag paragraph chang level signific item evalu disclosur purpos enterpris level segment level enterpris disclos report segment total amount signific cash expens depreci amortis separ disclosur requir paragraph includ segment expens deduct measur segment result ia requir enterpris present cash flow statement separ report cash flow oper invest financ activ ia note disclos cash flow inform report industri geograph segment relev understand enterpris financi posit liquid cash flow ia encourag disclosur inform standard encourag segment cash flow disclosur encourag ia addition encourag disclosur signific cash revenu includ segment revenu ad measur segment result enterpris segment cash flow disclosur encourag ia disclos depreci amortis expens pursuant paragraph cash expens pursuant paragraph enterpris disclos report segment aggreg enterpris share net profit loss associ joint ventur invest account equiti method substanti associ oper singl segment singl aggreg amount disclos pursuant preced paragraph associ joint ventur equiti method invest assess individu determin oper substanti segment enterpris aggreg share net profit loss associ joint ventur invest account equiti method disclos report segment aggreg invest associ joint ventur disclos report segment enterpris present reconcili inform disclos report segment aggreg inform consolid enterpris financi statement present reconcili segment revenu reconcil enterpris revenu extern custom includ disclosur amount enterpris revenu extern custom includ segment revenu segment result reconcil compar measur enterpris oper profit loss enterpris net profit loss segment asset reconcil enterpris asset segment liabil reconcil enterpris liabil secondari segment inform paragraph identifi disclosur requir appli report segment base enterpris primari report format paragraph identifi disclosur requir appli report segment base enterpris secondari report format enterpris primari format busi segment requir secondari format disclosur identifi paragraph enterpris primari format geograph segment base locat asset enterpris product produc servic deliveri oper base requir secondari format disclosur identifi paragraph enterpris primari format geograph segment base locat custom product sold servic render requir secondari format disclosur identifi paragraph enterpris primari format report segment inform busi segment report inform segment revenu extern custom geograph area base geograph locat custom geograph segment revenu sale extern custom total enterpris revenu sale extern custom total carri amount segment asset geograph locat asset geograph segment segment asset total asset geograph segment total cost incur period acquir segment asset expect period properti plant equip intang asset geograph locat asset geograph segment segment asset total asset geograph segment enterpris primari format report segment inform geograph segment base locat asset locat custom report segment inform busi segment revenu sale extern custom total enterpris revenu sale extern custom segment asset total asset busi segment segment revenu extern custom total carri amount segment asset total cost incur period acquir segment asset expect period properti plant equip intang asset enterpris primari format report segment inform geograph segment base locat asset locat custom locat asset enterpris report revenu sale extern custom custom base geograph segment revenu sale extern custom total enterpris revenu sale extern custom enterpris primari format report segment inform geograph segment base locat custom enterpris asset locat geograph area custom enterpris report segment inform asset base geograph segment revenu sale extern custom segment asset relat consolid total enterpris amount total carri amount segment asset geograph locat asset total cost incur period acquir segment asset expect period properti plant equip intang asset locat asset illustr segment disclosur appendix standard present illustr disclosur primari secondari report format requir standard disclosur matter busi segment geograph segment inform report board director chief execut offic report segment earn major revenu sale segment revenu sale extern custom total enterpris revenu sale extern custom enterpris disclos fact amount revenu sale extern custom intern sale segment measur report segment revenu transact segment inter segment transfer measur basi enterpris price transfer basi price inter segment transfer chang disclos financi statement account polici adopt segment report materi effect segment inform disclos prior period segment inform present compar purpos restat impractic disclosur includ descript natur chang reason chang fact compar inform restat impractic financi effect chang determin enterpris identif segment restat prior period segment inform basi impractic purpos comparison enterpris report segment data base segment year identif segment account polici adopt enterpris dealt ia ia requir account polici made requir statut account standard set bodi chang result present event transact financi statement enterpris account polici adopt enterpris level affect segment inform dealt accord ia intern account standard specifi ia requir chang account polici appli retrospect prior period inform restat impractic benchmark treatment cumul adjust result chang includ determin enterpris net profit loss current period allow altern treatment benchmark treatment prior period segment inform restat allow altern cumul adjust includ determin enterpris net profit loss includ segment result oper item attribut alloc segment case ia requir separ disclosur size natur incid disclosur relev explain perform enterpris period account polici relat specif segment report exampl includ identif segment basi alloc revenu expens segment signific impact segment inform report chang aggreg financi inform report enterpris enabl user understand assess trend prior period segment inform includ financi statement compar purpos restat practic reflect account polici paragraph requir segment report purpos inter segment transfer measur basi enterpris price transfer enterpris method price inter segment transfer chang account polici prior period segment data restat pursuant paragraph paragraph requir disclosur chang enterpris type product servic includ report busi segment composit report geograph segment primari secondari disclos financi statement financi report assess impact matter shift demand price input factor product develop altern product process busi segment activ encompass segment similarli assess impact econom polit environ risk rate return geograph segment import composit geograph segment previous report segment longer satisfi quantit threshold report separ longer satisfi threshold declin demand chang manag strategi part oper segment sold combin segment explan reason previous report segment longer report confirm expect declin market enterpris strategi effect date intern account standard oper financi statement cover period begin juli earlier applic encourag enterpris appli standard financi statement cover period begin juli origin ia enterpris disclos fact financi statement includ compar inform period prior effect date earlier voluntari adopt standard restat segment data includ conform provis standard requir practic case enterpris disclos fact intern account standard ia reformat inform reflect effect chang price reformat intern account standard supersed standard origin approv board june present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic content gt tabl gt board statement octob meet octob board iasc approv statement ad ia inform reflect effect chang price quot intern consensu disclosur inform reflect effect chang price anticip ia issu reach result board iasc decid enterpris disclos inform requir ia order financi statement conform intern account standard board encourag enterpris present inform urg disclos item requir ia quot standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli reflect effect chang price measur determin enterpris result oper financi posit intern account standard supersed ia account respons chang price standard appli enterpris level revenu profit asset employ signific econom environ oper parent compani consolid financi statement present inform call standard present basi consolid inform inform call standard requir subsidiari oper countri domicil parent consolid inform basi present parent subsidiari oper countri countri domicil parent inform call standard requir accept practic similar inform present enterpris econom signific countri present inform reflect effect chang price encourag entiti interest promot inform financi report explan price chang time result specif gener econom social forc specif forc suppli demand technolog individu price increas decreas significantli independ addit gener forc result chang gener level price gener purchas power monei countri financi statement prepar histor cost basi account regard gener level price specif price asset held extent properti plant equip revalu inventori current asset reduc net realis inform requir standard design make user enterpris financi statement awar effect chang price result oper financi statement prepar histor cost method method reflect effect chang price intend directli enterpris respond chang price enterpris standard appli present inform disclos item set paragraph account method reflect effect chang price financi inform intend respons effect chang price prepar number wai show financi inform term gener purchas power show current cost place histor cost recognis specif price asset combin featur method underli respons basic approach determin incom recognis incom gener purchas power sharehold equiti enterpris maintain recognis incom oper capac enterpris maintain includ gener price level adjust gener purchas power approach gener purchas power approach involv restat item financi statement gener price level propos subject emphasis gener purchas power restat chang unit account chang underli measur base approach incom reflect effect index gener price level depreci cost sale net monetari item report gener purchas power sharehold equiti enterpris maintain current cost approach current cost approach found number method gener replac cost primari measur basi replac cost higher net realis present higher net realis present measur basi replac cost specif asset deriv current acquisit cost similar asset equival product capac servic potenti net realis repres net current sell price asset present repres current estim futur net receipt attribut asset appropri discount specif price indic mean determin current cost item recent transact involv item occur price list price list practic current cost method gener requir recognit effect depreci cost sale price specif enterpris method requir applic form adjust common gener recognit interact chang price financ enterpris discuss paragraph opinion differ form adjust current cost method requir adjust reflect effect chang price net monetari item includ long term liabil lead loss hold net monetari asset gain net monetari liabil price rise vice versa method limit adjust monetari asset liabil includ work capit enterpris type adjust recognis monetari asset monetari item import element oper capac enterpris normal featur current cost method recognis incom oper capac enterpris maintain view unnecessari recognis incom statement addit replac cost asset extent financ borrow method base view report incom portion enterpris oper capac financ sharehold maintain achiev reduc total adjust depreci cost sale method requir monetari work capit proport financ borrow bear financ total borrow equiti capit current cost method appli gener price level index amount sharehold interest extent sharehold equiti enterpris maintain term gener purchas power increas replac cost asset aris period decreas purchas power sharehold interest period calcul note enabl comparison made net asset term gener purchas power net asset term current cost method recognis incom gener purchas power sharehold equiti enterpris maintain differ net asset figur treat gain loss accru sharehold current statu financi inform provid method reflect chang price primari supplementari financi statement intern consensu subject intern account standard committe believ experiment consider requir enterpris prepar primari financi statement comprehens uniform system reflect chang price evolut subject assist enterpris present primari financi statement histor cost basi provid supplementari inform reflect effect price varieti propos item includ inform rang incom statement item extens incom statement balanc sheet disclosur desir internation establish minimum item includ inform minimum disclosur item present amount adjust adjust amount depreci properti plant equip amount adjust adjust amount cost sale adjust relat monetari item effect borrow equiti interest adjust account determin incom account method adopt effect result adjust item reflect effect chang price report account method adopt current cost method adopt current cost properti plant equip inventori disclos enterpris describ method adopt comput inform call paragraph includ natur indic inform requir paragraph provid supplementari basi inform present primari financi statement countri inform supplementari part primari financi statement standard appli account report polici requir enterpris prepar primari financi statement financi statement present basi reflect effect chang price disclosur enterpris encourag provid addit disclosur discuss signific inform circumst enterpris disclosur adjust tax provis tax balanc help effect date intern account standard supersed ia account respons chang price oper financi statement cover period begin januari intern account standard ia revis properti plant equip ia account properti plant equip approv march decemb ia revis part project compar improv financi statement ia properti plant equip ia revis juli ia present financi statement approv paragraph ia revis paragraph standard amend april juli paragraph ia revis revis consist ia revis busi combin ia impair asset ia provis conting liabil conting asset revis standard ia revis oper annual financi statement cover period begin juli april paragraph amend ia invest properti ia oper annual financi statement cover period begin januari januari paragraph amend ia agricultur ia oper annual financi statement cover period begin januari sic interpret relat ia sic properti plant equip compens impair loss item sic properti plant equip major inspect overhaul cost content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment properti plant equip princip issu account properti plant equip time recognit asset determin carri amount depreci charg recognis relat standard requir item properti plant equip recognis asset satisfi definit recognit criteria asset framework prepar present financi statement scope standard appli account properti plant equip intern account standard requir permit account treatment standard appli biolog asset relat agricultur activ ia agricultur miner right explor extract miner oil natur ga similar regen resourc standard appli properti plant equip develop maintain activ asset cover separ activ asset circumst intern account standard permit initi recognit carri amount properti plant equip determin approach prescrib standard ia revis busi combin requir properti plant equip acquir busi combin measur initi fair exce cost case aspect account treatment asset includ depreci determin requir standard enterpris appli ia invest properti standard invest properti enterpris appli standard properti construct develop futur invest properti construct develop complet enterpris appli ia ia appli exist invest properti redevelop continu futur invest properti standard deal aspect applic comprehens system reflect effect chang price ia inform reflect effect chang price ia financi report hyperinflationari economi enterpris appli system requir compli aspect standard deal measur properti plant equip subsequ initi recognit definit term standard mean properti plant equip tangibl asset held enterpris product suppli good servic rental administr purpos expect period depreci systemat alloc depreci amount asset life depreci amount cost asset amount substitut cost financi statement residu life period time asset expect enterpris number product similar unit expect obtain asset enterpris cost amount cash cash equival paid fair consider acquir asset time acquisit construct residu net amount enterpris expect obtain asset end life deduct expect cost dispos fair amount asset exchang knowledg parti arm length transact impair loss amount carri amount asset exce recover amount carri amount amount asset recognis balanc sheet deduct accumul depreci accumul impair loss thereon recognit properti plant equip item properti plant equip recognis asset probabl futur econom benefit asset flow enterpris cost asset enterpris measur reliabl properti plant equip major portion total asset enterpris signific present financi posit determin expenditur repres asset expens signific effect enterpris report result oper determin item satisfi criterion recognit enterpris assess degre certainti attach flow futur econom benefit basi evid time initi recognit exist suffici certainti futur econom benefit flow enterpris necessit assur enterpris receiv reward attach asset undertak risk assur risk reward pass enterpris occur transact acquir asset cancel signific penalti asset recognis criterion recognit readili satisfi exchang transact evidenc purchas asset identifi cost case construct asset reliabl measur cost made transact parti extern enterpris acquisit materi labour input construct process identifi constitut separ item properti plant equip judgement requir appli criteria definit specif circumst specif type enterpris aggreg individu insignific item mould tool di appli criteria aggreg spare part servic equip carri inventori recognis expens consum major spare part stand equip qualifi properti plant equip enterpris expect period similarli spare part servic equip connect item properti plant equip expect irregular account properti plant equip depreci time period exceed life relat asset circumst alloc total expenditur asset compon part account compon separ case compon asset live provid benefit enterpris pattern necessit depreci rate method aircraft engin treat separ depreci asset live properti plant equip acquir safeti environment reason acquisit properti plant equip directli increas futur econom benefit exist item properti plant equip order enterpris obtain futur econom benefit asset case acquisit properti plant equip qualifi recognit asset enabl futur econom benefit relat asset deriv enterpris excess deriv acquir asset recognis extent result carri amount asset relat asset exce total recover amount asset relat asset chemic manufactur instal chemic handl process order compli environment requir product storag danger chemic relat plant enhanc recognis asset extent recover enterpris unabl manufactur sell chemic initi measur properti plant equip item properti plant equip qualifi recognit asset initi measur cost compon cost cost item properti plant equip compris purchas price includ import duti refund purchas tax directli attribut cost bring asset work condit intend trade discount rebat deduct arriv purchas price exampl directli attribut cost cost site prepar initi deliveri handl cost instal cost profession fee architect engin estim cost dismantl remov asset restor site extent recognis provis ia provis conting liabil conting asset payment item properti plant equip defer normal credit term cost cash price equival differ amount total payment recognis interest expens period credit capitalis accord allow altern treatment ia borrow cost administr gener overhead cost compon cost properti plant equip directli attribut acquisit asset bring asset work condit similarli start similar pre product cost form part cost asset bring asset work condit initi oper loss incur prior asset achiev plan perform recognis expens cost construct asset determin principl acquir asset enterpris make similar asset sale normal busi cost asset cost produc asset sale ia inventori intern profit elimin arriv cost similarli cost abnorm amount wast materi labour resourc incur product construct asset includ cost asset ia establish criteria satisfi interest cost recognis compon properti plant equip cost cost asset held lesse financ leas determin principl set ia leas carri amount properti plant equip reduc applic govern grant accord ia account govern grant disclosur govern assist exchang asset item properti plant equip acquir exchang part exchang dissimilar item properti plant equip asset cost item measur fair asset receiv equival fair asset adjust amount cash cash equival transfer item properti plant equip acquir exchang similar asset similar line busi similar fair item properti plant equip sold exchang equiti interest similar asset case earn process incomplet gain loss recognis transact cost asset carri amount asset fair asset receiv provid evid impair asset circumst asset written written assign asset exampl exchang similar asset includ exchang aircraft hotel servic station real estat properti asset cash includ part exchang transact item exchang similar subsequ expenditur subsequ expenditur relat item properti plant equip recognis ad carri amount asset probabl futur econom benefit excess origin assess standard perform exist asset flow enterpris subsequ expenditur recognis expens period incur subsequ expenditur properti plant equip recognis asset expenditur improv condit asset origin assess standard perform exampl improv result increas futur econom benefit includ modif item plant extend life includ increas capac upgrad machin part achiev substanti improv qualiti output adopt product process enabl substanti reduct previous assess oper cost expenditur repair mainten properti plant equip made restor maintain futur econom benefit enterpris expect origin assess standard perform asset recognis expens incur cost servic overhaul plant equip expens restor increas origin assess standard perform account treatment expenditur incur subsequ acquisit item properti plant equip depend circumst account initi measur recognit relat item properti plant equip subsequ expenditur recover instanc carri amount item properti plant equip take account loss econom benefit subsequ expenditur restor futur econom benefit expect asset capitalis provid carri amount exce recover amount asset case purchas price asset reflect enterpris oblig incur expenditur futur bring asset work condit acquisit build requir renov circumst subsequ expenditur ad carri amount asset extent recov futur asset major compon item properti plant equip requir replac regular interv furnac requir relin number hour usag aircraft interior seat gallei requir replac time life airfram compon account separ asset live item properti plant equip relat provid recognit criteria paragraph satisfi expenditur incur replac renew compon account acquisit separ asset replac asset written measur subsequ initi recognit benchmark treatment subsequ initi recognit asset item properti plant equip carri cost accumul depreci accumul impair loss allow altern treatment subsequ initi recognit asset item properti plant equip carri revalu amount fair date revalu subsequ accumul depreci subsequ accumul impair loss revalu made suffici regular carri amount differ materi determin fair balanc sheet date revalu fair land build market determin apprais undertaken profession qualifi valuer fair item plant equip market determin apprais evid market specialis natur plant equip item rare sold part continu busi valu depreci replac cost frequenc revalu depend movement fair valu item properti plant equip revalu fair revalu asset differ materi carri amount revalu item properti plant equip experi signific volatil movement fair necessit annual revalu frequent revalu unnecessari item properti plant equip insignific movement fair revalu year suffici item properti plant equip revalu accumul depreci date revalu restat proportion chang gross carri amount asset carri amount asset revalu equal revalu amount method asset revalu mean index depreci replac cost elimin gross carri amount asset net amount restat revalu amount asset method build revalu market amount adjust aris restat elimin accumul depreci form part increas decreas carri amount dealt accord paragraph item properti plant equip revalu entir class properti plant equip asset belong revalu class properti plant equip group asset similar natur enterpris oper exampl separ class land land build machineri ship aircraft motor vehicl furnitur fixtur offic equip item class properti plant equip revalu simultan order avoid select revalu asset report amount financi statement mixtur cost valu date class asset revalu roll basi provid revalu class asset complet short period time provid revalu date asset carri amount increas result revalu increas credit directli equiti head revalu surplu revalu increas recognis incom extent revers revalu decreas asset previous recognis expens asset carri amount decreas result revalu decreas recognis expens revalu decreas charg directli relat revalu surplu extent decreas exce amount held revalu surplu respect asset revalu surplu includ equiti transfer directli retain earn surplu realis surplu realis retir dispos asset surplu realis asset enterpris case amount surplu realis differ depreci base revalu carri amount asset depreci base asset origin cost transfer revalu surplu retain earn made incom statement effect tax incom result revalu properti plant equip dealt ia incom tax depreci depreci amount item properti plant equip alloc systemat basi life depreci method reflect pattern asset econom benefit consum enterpris depreci charg period recognis expens includ carri amount asset econom benefit embodi asset consum enterpris carri amount asset reduc reflect consumpt charg expens depreci depreci charg made asset exce carri amount econom benefit embodi item properti plant equip consum enterpris princip asset factor technic obsolesc wear tear asset remain idl result diminut econom benefit expect asset factor consid determin life asset expect usag asset enterpris usag assess refer asset expect capac physic output expect physic wear tear depend oper factor number shift asset repair mainten programm enterpris care mainten asset idl technic obsolesc aris improv product chang market demand product servic output asset legal similar limit asset expiri date relat leas life asset defin term asset expect util enterpris asset manag polici enterpris involv dispos asset time consumpt proport econom benefit embodi asset life asset shorter econom life estim life item properti plant equip matter judgement base experi enterpris similar asset land build separ asset dealt separ account purpos acquir land unlimit life depreci build limit life depreci asset increas land build stand affect determin life build depreci amount asset determin deduct residu asset practic residu asset insignific immateri calcul depreci amount benchmark treatment adopt residu signific residu estim date acquisit subsequ increas price allow altern treatment adopt estim made date subsequ revalu asset estim base residu prevail date estim similar asset reach end live oper condit similar asset varieti depreci method alloc depreci amount asset systemat basi life method includ straight line method diminish balanc method sum unit method straight line depreci result constant charg life asset diminish balanc method result decreas charg life asset sum unit method result charg base expect output asset method asset select base expect pattern econom benefit consist appli period period chang expect pattern econom benefit asset depreci charg period recognis expens circumst econom benefit embodi asset absorb enterpris produc asset give rise expens case depreci charg compris part cost asset includ carri amount depreci manufactur plant equip includ cost convers inventori ia inventori similarli depreci properti plant equip develop activ includ cost intang asset recognis ia intang asset review life life item properti plant equip review period expect significantli previou estim depreci charg current futur period adjust life asset appar estim life inappropri life extend subsequ expenditur asset improv condit asset origin assess standard perform altern technolog market product reduc life asset case life depreci rate adjust current futur period repair mainten polici enterpris affect life asset polici result extens life asset increas residu adopt polici negat charg depreci review depreci method depreci method appli properti plant equip review period signific chang expect pattern econom benefit asset method chang reflect chang pattern chang depreci method chang account chang account estim depreci charg current futur period adjust recover carri amount impair loss determin item properti plant equip impair enterpris appli ia impair asset standard explain enterpris review carri amount asset determin recover amount asset recognis revers impair loss ia busi combin explain deal impair loss recognis end annual account period commenc busi combin acquisit retir dispos item properti plant equip elimin balanc sheet dispos asset perman withdrawn futur econom benefit expect dispos gain loss aris retir dispos item properti plant equip determin differ estim net dispos proce carri amount asset recognis incom expens incom statement item properti plant equip exchang similar asset circumst paragraph cost acquir asset equal carri amount asset dispos gain loss result sale leaseback transact account accord ia leas properti plant equip retir activ held dispos carri carri amount date asset retir activ financi year end enterpris test asset impair ia impair asset recognis impair loss disclosur financi statement disclos class properti plant equip measur base determin gross carri amount basi gross carri amount basi categori disclos depreci method live depreci rate gross carri amount accumul depreci aggreg accumul impair loss begin end period reconcili carri amount begin end period show addit ii dispos iii acquisit busi combin iv increas decreas period result revalu paragraph impair loss recognis revers directli equiti ia impair asset impair loss recognis incom statement period ia vi impair loss revers incom statement period ia vii depreci viii net exchang differ aris translat financi statement foreign entiti ix movement compar inform requir reconcili financi statement disclos exist amount restrict titl properti plant equip pledg secur liabil account polici estim cost restor site item properti plant equip amount expenditur account properti plant equip construct amount commit acquisit properti plant equip select depreci method estim life asset matter judgement disclosur method adopt estim live depreci rate user financi statement inform review polici select manag enabl comparison made enterpris similar reason disclos depreci alloc period accumul depreci end period enterpris disclos natur effect chang account estim materi effect current period expect materi effect subsequ period accord ia net profit loss period fundament error account polici disclosur aris estim respect residu valu estim cost dismantl remov item properti plant equip restor site live depreci method item properti plant equip state revalu amount disclos basi revalu asset effect date revalu independ valuer involv natur indic determin replac cost carri amount class properti plant equip includ financi statement asset carri benchmark treatment paragraph revalu surplu indic movement period restrict distribut balanc sharehold enterpris disclos inform impair properti plant equip ia impair asset addit inform requir paragraph iv vi financi statement user find inform relev carri amount temporarili idl properti plant equip gross carri amount fulli depreci properti plant equip carri amount properti plant equip retir activ held dispos benchmark treatment fair properti plant equip materi carri amount enterpris encourag disclos amount effect date intern account standard oper annual financi statement cover period begin juli earlier applic encourag enterpris appli standard annual financi statement cover period begin juli enterpris disclos fact adopt ia revis busi combin ia impair asset ia provis conting liabil conting asset time standard supersed ia properti plant equip approv intern account standard ia revis leas revis intern account standard supersed ia account leas approv board reformat version revis standard oper financi statement cover period begin januari april paragraph amend paragraph insert ia invest properti ia effect annual financi statement cover period begin januari januari paragraph amend ia agricultur ia effect annual financi statement cover period begin januari sic interpret relat ia sic oper leas incent sic evalu substanc transact legal form leas introduct standard quot ia revis quot replac ia account leas quot origin ia quot ia revis effect account period begin januari standard set improv origin ia replac base review conduct context limit revis identifi consid essenti complet core set standard accept cross border fund stock exchang list iasc board agre undertak fundament reform area leas account standard major origin ia origin ia defin leas arrang lessor convei asset return rent payabl lesse ia revis modifi definit substitut term quot rent quot quot payment seri payment quot stipul classif leas base extent risk reward incid ownership leas asset lie lessor lesse justifi applic principl substanc form origin ia provid exampl situat indic leas financ leas ia revis ad addit classif indic facilit classif process origin ia term quot life quot exampl refer purpos comparison leas term classif process ia revis term quot econom life quot take account asset user origin ia requir disclosur conting rent silent conting rent includ exclud comput minimum leas payment ia revis requir conting rent exclud minimum leas payment origin ia silent account treatment initi direct cost incur lesse negoti secur leas arrang ia guidanc requir cost directli attribut activ perform lesse secur financ leas includ amount leas asset origin ia provid free choic method alloc financ incom lessor recognit incom base pattern reflect constant period rate return base lessor net invest outstand respect financ leas lessor net cash invest outstand respect financ leas ia revis requir recognit financ incom base reflect constant period rate return base method lessor net invest outstand respect financ leas ia revis draw refer intern account standard deal impair asset provid guidanc assess possibl impair asset origin ia address matter ia revis mandat enhanc disclosur lesse lessor oper financ leas black letter letter comparison disclosur item requir origin ia disclosur requir ia revis includ total minimum leas payment reconcil present valu leas liabil period band year year year year requir lesse total gross invest leas reconcil present minimum leas payment receiv period band year year year year requir lessor relat financ charg futur minimum subleas payment expect receiv cancel subleas balanc sheet date accumul allow uncollect minimum leas payment receiv conting rent recognis incom lessor origin ia includ appendic repres exampl situat leas classifi financ leas appendic omit ia revis light addit indic includ clarifi leas classif process note provis relat sale leaseback transact requir involv leaseback oper leas rule prescrib wide rang circumst base rel amount fair carri amount sell price ia revis includ appendix guidanc interpret requir content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib lesse lessor account polici disclosur appli relat financ oper leas scope standard appli account leas leas agreement explor miner oil natur ga similar regen resourc licens agreement item motion pictur video record plai manuscript patent copyright standard appli measur lesse invest properti held financ leas ia invest properti lessor invest properti leas oper leas ia invest properti lesse biolog asset held financ leas ia agricultur lessor biolog asset leas oper leas ia agricultur standard appli agreement transfer asset substanti servic lessor call connect oper mainten asset hand standard appli agreement contract servic transfer asset contract parti definit term standard mean leas agreement lessor convei lesse return payment seri payment asset agre period time financ leas leas transfer substanti risk reward incid ownership asset titl eventu transfer oper leas leas financ leas cancel leas leas cancel occurr remot conting permiss lessor lesse enter leas equival asset lessor payment lesse addit amount incept continu leas incept leas earlier date leas agreement commit parti princip provis leas leas term cancel period lesse contract leas asset term lesse option continu leas asset payment option incept leas lesse exercis minimum leas payment payment leas term lesse requir make exclud conting rent cost servic tax paid reimburs lessor case lesse amount guarante lesse parti relat lesse case lessor residu guarante lessor lesse ii parti relat lesse iii independ parti financi capabl meet guarante lesse option purchas asset price expect suffici lower fair date option exercis incept leas exercis minimum leas payment compris minimum payment payabl leas term payment requir exercis purchas option fair amount asset exchang liabil settl knowledg parti arm length transact econom life period asset expect econom usabl user number product similar unit expect obtain asset user life estim remain period begin leas term limit leas term econom benefit embodi asset expect consum enterpris guarante residu case lesse part residu guarante lesse parti relat lesse amount guarante maximum amount event payabl case lessor part residu guarante lesse parti unrel lessor financi capabl discharg oblig guarante unguarante residu portion residu leas asset realis lessor assur guarante sole parti relat lessor gross invest leas aggreg minimum leas payment financ leas standpoint lessor unguarante residu accru lessor unearn financ incom differ aggreg minimum leas payment financ leas standpoint lessor unguarante residu accru lessor present interest rate implicit leas net invest leas gross invest leas unearn financ incom interest rate implicit leas discount rate incept leas aggreg present minimum leas payment unguarante residu equal fair leas asset lesse increment borrow rate interest rate interest lesse pai similar leas determin rate incept leas lesse incur borrow similar term similar secur fund purchas asset conting rent portion leas payment fix amount base factor passag time percentag sale amount usag price indic market rate interest definit leas includ contract hire asset provis give hirer option acquir titl asset fulfil agre condit contract hire purchas contract classif leas classif leas adopt standard base extent risk reward incid ownership leas asset lie lessor lesse risk includ possibl loss idl capac technolog obsolesc variat return due chang econom condit reward repres expect profit oper asset econom life gain appreci realis residu leas classifi financ leas transfer substanti risk reward incid ownership leas classifi oper leas transfer substanti risk reward incid ownership transact lessor lesse base leas agreement common parti consist definit applic definit differ circumst parti result leas classifi differ lessor lesse leas financ leas oper leas depend substanc transact form contract exampl situat lead leas classifi financ leas leas transfer ownership asset lesse end leas term lesse option purchas asset price expect suffici lower fair date option exercis incept leas option exercis leas term major part econom life asset titl transfer incept leas present minimum leas payment amount substanti fair leas asset leas asset specialis natur lesse major modif made indic situat individu combin lead leas classifi financ leas lesse cancel leas lessor loss cancel born lesse gain loss fluctuat fair residu fall lesse form rent rebat equal sale proce end leas lesse abil continu leas secondari period rent substanti lower market rent leas classif made incept leas time lesse lessor agre chang provis leas renew leas manner result classif leas criteria paragraph chang term effect incept leas revis agreement consid agreement term estim estim econom life residu leas properti circumst default lesse give rise classif leas account purpos leas land build classifi oper financ leas leas asset characterist land indefinit econom life titl expect pass lesse end leas term lesse receiv substanti risk reward incid ownership premium paid leasehold repres pre paid leas payment amortis leas term accord pattern benefit provid leas financi statement lesse financ leas lesse recognis financ leas asset liabil balanc sheet amount equal incept leas fair leas properti lower present minimum leas payment calcul present minimum leas payment discount factor interest rate implicit leas practic determin lesse increment borrow rate transact event account present accord substanc financi realiti legal form legal form leas agreement lesse acquir legal titl leas asset case financ leas substanc financi realiti lesse acquir econom benefit leas asset major part econom life return enter oblig pai amount approxim fair asset relat financ charg leas transact reflect lesse balanc sheet econom resourc level oblig enterpris underst distort financi ratio financ leas recognis lesse balanc sheet asset oblig pai futur leas payment incept leas asset liabil futur leas payment recognis balanc sheet amount liabil leas asset present financi statement deduct leas asset present liabil face balanc sheet distinct made current current liabil distinct made leas liabil initi direct cost incur connect specif leas activ negoti secur leas arrang cost identifi directli attribut activ perform lesse financ leas includ part amount recognis asset leas leas payment apport financ charg reduct outstand liabil financ charg alloc period leas term produc constant period rate interest remain balanc liabil period practic alloc financ charg period leas term form approxim simplifi calcul financ leas rise depreci expens depreci asset financ expens account period depreci polici depreci leas asset consist depreci asset own depreci recognis calcul basi set ia properti plant equip ia intang asset reason certainti lesse obtain ownership end leas term asset fulli depreci shorter leas term life depreci amount leas asset alloc account period period expect systemat basi consist depreci polici lesse adopt depreci asset own reason certainti lesse obtain ownership end leas term period expect life asset asset depreci shorter leas term life sum depreci expens asset financ expens period rare leas payment payabl period inappropri simpli recognis leas payment payabl expens incom statement asset relat liabil equal amount incept leas determin leas asset impair expect futur econom benefit asset lower carri amount enterpris appli intern account standard deal impair asset set requir enterpris perform review carri amount asset determin recover amount asset recognis revers impair loss lesse addit requir ia financi instrument disclosur present make disclosur financ leas class asset net carri amount balanc sheet date reconcili total minimum leas payment balanc sheet date present addit enterpris disclos total minimum leas payment balanc sheet date present period year ii year year iii year conting rent recognis incom period total futur minimum subleas payment expect receiv cancel subleas balanc sheet date gener descript lesse signific leas arrang includ limit basi conting rent payment determin ii exist term renew purchas option escal claus iii restrict impos leas arrang dividend addit debt leas addit requir disclosur ia properti plant equip ia impair asset ia intang asset ia invest properti ia agricultur appli amount leas asset financ leas account lesse acquisit asset oper leas leas payment oper leas recognis expens incom statement straight line basi leas term systemat basi repres time pattern user benefit oper leas leas payment exclud cost servic insur mainten recognis expens incom statement straight line basi systemat basi repres time pattern user benefit payment basi lesse addit requir ia financi instrument disclosur present make disclosur oper leas total futur minimum leas payment cancel oper leas period year ii year year iii year total futur minimum subleas payment expect receiv cancel subleas balanc sheet date leas subleas payment recognis incom period separ amount minimum leas payment conting rent subleas payment gener descript lesse signific leas arrang includ limit basi conting rent payment determin ii exist term renew purchas option escal claus iii restrict impos leas arrang dividend addit debt leas leas financi statement lessor financ leas lessor recognis asset held financ leas balanc sheet present receiv amount equal net invest leas financ leas substanti risk reward incid legal ownership transfer lessor leas payment receiv treat lessor repay princip financ incom reimburs reward lessor invest servic recognit financ incom base pattern reflect constant period rate return lessor net invest outstand respect financ leas lessor aim alloc financ incom leas term systemat ration basi incom alloc base pattern reflect constant period return lessor net invest outstand respect financ leas leas payment relat account period exclud cost servic appli gross invest leas reduc princip unearn financ incom estim unguarante residu valu comput lessor gross invest leas review regularli reduct estim unguarante residu incom alloc leas term revis reduct respect amount accru recognis immedi initi direct cost commiss legal fee incur lessor negoti arrang leas financ leas initi direct cost incur produc financ incom recognis immedi incom alloc incom leas term achiev recognis expens cost incur recognis incom period portion unearn financ incom equal initi direct cost manufactur dealer lessor recognis sell profit loss incom period accord polici enterpris outright sale artifici low rate interest quot sell profit restrict appli commerci rate interest charg initi direct cost recognis expens incom statement incept leas manufactur dealer offer custom choic bui leas asset financ leas asset manufactur dealer lessor rise type incom profit loss equival profit loss result outright sale asset leas normal sell price reflect applic volum trade discount financ incom leas term sale revenu record commenc financ leas term manufactur dealer lessor fair asset lower present minimum leas payment accru lessor comput commerci rate interest cost sale recognis commenc leas term cost carri amount leas properti present unguarante residu differ sale revenu cost sale sell profit recognis accord polici enterpris sale manufactur dealer lessor quot artifici low rate interest order attract custom rate result excess portion total incom transact recognis time sale artifici low rate interest quot sell profit restrict appli commerci rate interest charg initi direct cost recognis expens commenc leas term relat earn manufactur dealer sell profit lessor addit requir ia financi instrument disclosur present make disclosur financ leas reconcili total gross invest leas balanc sheet date present minimum leas payment receiv balanc sheet date addit enterpris disclos total gross invest leas present minimum leas payment receiv balanc sheet date period year ii year year iii year unearn financ incom unguarante residu valu accru benefit lessor accumul allow uncollect minimum leas payment receiv conting rent recognis incom gener descript lessor signific leas arrang indic growth disclos gross invest unearn incom busi ad account period deduct relev amount cancel leas oper leas lessor present asset subject oper leas balanc sheet natur asset leas incom oper leas recognis incom straight line basi leas term systemat basi repres time pattern benefit deriv leas asset diminish cost includ depreci incur earn leas incom recognis expens leas incom exclud receipt servic provid insur mainten recognis incom straight line basi leas term receipt basi systemat basi repres time pattern benefit deriv leas asset diminish initi direct cost incur specif earn revenu oper leas defer alloc incom leas term proport recognit rent incom recognis expens incom statement period incur depreci depreci leas asset basi consist lessor normal depreci polici similar asset depreci charg calcul basi set ia properti plant equip ia intang asset determin leas asset impair expect futur econom benefit asset lower carri amount enterpris appli intern account standard deal impair asset set requir enterpris perform review carri amount asset determin recover amount asset recognis revers impair loss manufactur dealer lessor recognis sell profit enter oper leas equival sale lessor addit requir ia financi instrument disclosur present make disclosur oper leas futur minimum leas payment cancel oper leas aggreg period year ii year year iii year total conting rent recognis incom gener descript lessor signific leas arrang addit requir disclosur ia properti plant equip ia impair asset ia intang asset ia invest properti ia agricultur appli asset leas oper leas sale leaseback transact sale leaseback transact involv sale asset vendor leas asset back vendor leas payment sale price interdepend negoti packag account treatment sale leaseback transact depend type leas involv sale leaseback transact result financ leas excess sale proce carri amount immedi recognis incom financi statement seller lesse defer amortis leas term leaseback financ leas transact mean lessor financ lesse asset secur reason regard excess sale proce carri amount incom excess defer amortis leas term sale leaseback transact result oper leas clear transact establish fair profit loss recognis immedi sale price fair profit loss recognis immedi loss compens futur leas payment market price defer amortis proport leas payment period asset expect sale price fair excess fair defer amortis period asset expect leaseback oper leas leas payment sale price establish fair effect normal sale transact profit loss recognis immedi oper leas fair time sale leaseback transact carri amount asset loss equal amount differ carri amount fair recognis immedi financ leas adjust impair case carri amount reduc recover amount accord intern account standard deal impair asset disclosur requir lesse lessor appli equal sale leaseback transact requir descript signific leas arrang lead disclosur uniqu unusu provis agreement term sale leaseback transact sale leaseback transact meet separ disclosur criteria ia net profit loss period fundament error account polici paragraph transit provis retrospect applic standard encourag requir standard appli retrospect balanc pre exist financ leas deem properli determin lessor account accord provis standard effect date intern account standard oper financi statement cover period begin januari enterpris appli standard financi statement cover period begin januari enterpris disclos fact appli standard ia account leas approv standard supersed ia account leas approv intern account standard ia revis revenu ia financi instrument recognit measur amend paragraph ia insert cross refer ia ia revis event balanc sheet date amend paragraph amend text effect annual financi statement cover period begin januari januari ia agricultur amend paragraph ia effect annual financi statement cover period begin januari sic interpret relat ia sic evalu substanc transact legal form leas sic revenu barter transact involv advertis servic content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object incom defin framework prepar present financi statement increas econom benefit account period form inflow enhanc asset decreas liabil result increas equiti relat contribut equiti particip incom encompass revenu gain revenu incom aris ordinari activ enterpris refer varieti name includ sale fee interest dividend royalti object standard prescrib account treatment revenu aris type transact event primari issu account revenu determin recognis revenu revenu recognis probabl futur econom benefit flow enterpris benefit measur reliabl standard identifi circumst criteria met revenu recognis practic guidanc applic criteria scope standard appli account revenu aris transact event sale good render servic enterpris asset yield interest royalti dividend standard supersed ia revenu recognit approv good includ good produc enterpris purpos sale good purchas resal merchandis purchas retail land properti held resal render servic typic involv perform enterpris contractu agre task agre period time servic render singl period period contract render servic directli relat construct contract servic project manag architect revenu aris contract dealt standard dealt accord requir construct contract ia construct contract enterpris asset rise revenu form interest charg cash cash equival amount due enterpris royalti charg long term asset enterpris patent trademark copyright comput softwar dividend distribut profit holder equiti invest proport hold class capit standard deal revenu aris leas agreement ia leas dividend aris invest account equiti method ia account invest associ insur contract insur enterpris fair financi asset financi liabil dispos ia financi instrument recognit measur current asset initi recognit fair biolog asset relat agricultur activ ia agricultur initi recognit agricultur produc ia agricultur extract miner or definit term standard mean revenu gross inflow econom benefit period aris ordinari activ enterpris inflow result increas equiti increas relat contribut equiti particip fair amount asset exchang liabil settl knowledg parti arm length transact revenu includ gross inflow econom benefit receiv receiv enterpris account amount collect behalf parti sale tax good servic tax ad tax econom benefit flow enterpris result increas equiti exclud revenu similarli agenc relationship gross inflow econom benefit includ amount collect behalf princip result increas equiti enterpris amount collect behalf princip revenu revenu amount commiss measur revenu revenu measur fair consider receiv receiv amount revenu aris transact determin agreement enterpris buyer user asset measur fair consider receiv receiv take account amount trade discount volum rebat allow enterpris case consider form cash cash equival amount revenu amount cash cash equival receiv receiv inflow cash cash equival defer fair consider nomin amount cash receiv receiv enterpris provid interest free credit buyer accept note receiv bear market interest rate buyer consider sale good arrang effect constitut financ transact fair consider determin discount futur receipt imput rate interest imput rate interest determin prevail rate similar instrument issuer similar credit rate rate interest discount nomin amount instrument current cash sale price good servic differ fair nomin amount consider recognis interest revenu accord paragraph accord ia financi instrument recognit measur good servic exchang swap good servic similar natur exchang regard transact gener revenu case commod oil milk supplier exchang swap inventori locat fulfil demand time basi locat good sold servic render exchang dissimilar good servic exchang regard transact gener revenu revenu measur fair good servic receiv adjust amount cash cash equival transfer fair good servic receiv measur reliabl revenu measur fair good servic adjust amount cash cash equival transfer identif transact recognit criteria standard appli separ transact circumst appli recognit criteria separ identifi compon singl transact order reflect substanc transact sell price product includ identifi amount subsequ servic amount defer recognis revenu period servic perform convers recognit criteria appli transact link commerci effect understood refer seri transact enterpris sell good time enter separ agreement repurchas good date negat substant effect transact case transact dealt sale good revenu sale good recognis condit satisfi enterpris transfer buyer signific risk reward ownership good enterpris retain continu manageri involv degre ownership effect control good sold amount revenu measur reliabl probabl econom benefit transact flow enterpris cost incur incur respect transact measur reliabl assess enterpris transfer signific risk reward ownership buyer requir examin circumst transact case transfer risk reward ownership coincid transfer legal titl pass possess buyer case retail sale case transfer risk reward ownership occur time transfer legal titl pass possess enterpris retain signific risk ownership transact sale revenu recognis enterpris retain signific risk ownership number wai exampl situat enterpris retain signific risk reward ownership enterpris retain oblig unsatisfactori perform cover normal warranti provis receipt revenu sale conting deriv revenu buyer sale good good ship subject instal instal signific part contract complet enterpris buyer rescind purchas reason sale contract enterpris uncertain probabl return enterpris retain insignific risk ownership transact sale revenu recognis seller retain legal titl good sole protect collect amount due case enterpris transfer signific risk reward ownership transact sale revenu recognis enterpris retain insignific risk ownership retail sale refund offer custom satisfi revenu case recognis time sale provid seller reliabl estim futur return recognis liabil return base previou experi relev factor revenu recognis probabl econom benefit transact flow enterpris case probabl consider receiv uncertainti remov uncertain foreign government author grant permiss remit consider sale foreign countri permiss grant uncertainti remov revenu recognis uncertainti aris collect amount includ revenu uncollect amount amount respect recoveri ceas probabl recognis expens adjust amount revenu origin recognis revenu expens relat transact event recognis simultan process commonli refer match revenu expens expens includ warranti cost incur shipment good measur reliabl condit recognit revenu satisfi revenu recognis expens measur reliabl circumst consider receiv sale good recognis liabil render servic outcom transact involv render servic estim reliabl revenu transact recognis refer stage complet transact balanc sheet date outcom transact estim reliabl condit satisfi amount revenu measur reliabl probabl econom benefit transact flow enterpris stage complet transact balanc sheet date measur reliabl cost incur transact cost complet transact measur reliabl recognit revenu refer stage complet transact refer percentag complet method method revenu recognis account period servic render recognit revenu basi inform extent servic activ perform period ia construct contract requir recognit revenu basi requir standard gener applic recognit revenu expens transact involv render servic revenu recognis probabl econom benefit transact flow enterpris uncertainti aris collect amount includ revenu uncollect amount amount respect recoveri ceas probabl recognis expens adjust amount revenu origin recognis enterpris gener make reliabl estim agre parti transact parti enforc right servic provid receiv parti consider exchang manner term settlement enterpris effect intern financi budget report system enterpris review revis estim revenu servic perform revis necessarili outcom transact estim reliabl stage complet transact determin varieti method enterpris method measur reliabl servic perform depend natur transact method includ survei work perform servic perform date percentag total servic perform proport cost incur date bear estim total cost transact cost reflect servic perform date includ cost incur date cost reflect servic perform perform includ estim total cost transact progress payment advanc receiv custom reflect servic perform practic purpos servic perform indetermin number act period time revenu recognis straight line basi period evid method repres stage complet specif act signific act recognit revenu postpon signific act execut outcom transact involv render servic estim reliabl revenu recognis extent expens recognis recover earli stage transact case outcom transact estim reliabl probabl enterpris recov transact cost incur revenu recognis extent cost incur expect recover outcom transact estim reliabl profit recognis outcom transact estim reliabl probabl cost incur recov revenu recognis cost incur recognis expens uncertainti prevent outcom contract estim reliabl longer exist revenu recognis accord paragraph accord paragraph interest royalti dividend revenu aris enterpris asset yield interest royalti dividend recognis base set paragraph probabl econom benefit transact flow enterpris amount revenu measur reliabl revenu recognis base interest recognis time proport basi take account effect yield asset royalti recognis accrual basi accord substanc relev agreement dividend recognis sharehold receiv payment establish effect yield asset rate interest requir discount stream futur cash receipt expect life asset equat initi carri amount asset interest revenu includ amount amortis discount premium differ initi carri amount debt secur amount matur unpaid interest accru acquisit interest bear invest subsequ receipt interest alloc pre acquisit post acquisit period post acquisit portion recognis revenu dividend equiti secur declar pre acquisit net incom dividend deduct cost secur difficult make alloc arbitrari basi dividend recognis revenu repres recoveri part cost equiti secur royalti accru accord term relev agreement recognis basi regard substanc agreement recognis revenu systemat ration basi revenu recognis probabl econom benefit transact flow enterpris uncertainti aris collect amount includ revenu uncollect amount amount respect recoveri ceas probabl recognis expens adjust amount revenu origin recognis disclosur enterpris disclos account polici adopt recognit revenu includ method adopt determin stage complet transact involv render servic amount signific categori revenu recognis period includ revenu aris sale good ii render servic iii interest iv royalti dividend amount revenu aris exchang good servic includ signific categori revenu enterpris disclos conting liabil conting asset accord ia provis conting liabil conting asset conting liabil conting asset aris item warranti cost claim penalti loss effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis employe benefit revis intern account standard supersed ia retir benefit cost approv board revis version revis standard oper financi statement cover period begin januari ia revis event balanc sheet date amend paragraph amend oper annual financi statement cover period begin januari standard amend chang definit plan asset introduc recognit measur disclosur requir reimburs amend oper account period begin januari amend made prevent recognit gain sole result actuari loss past servic cost recognit loss sole result actuari gain amend effect account period end earlier applic encourag introduct standard prescrib account disclosur employ employe benefit replac ia retir benefit cost approv major ia set basi conclus appendix standard deal report employe benefit plan ia account report retir benefit plan standard identifi categori employe benefit short term employe benefit wage salari social secur contribut paid annual leav paid sick leav profit share bonus payabl month end period monetari benefit medic care hous car free subsidis good servic current employe post employ benefit pension retir benefit post employ life insur post employ medic care long term employe benefit includ long servic leav sabbat leav jubile long servic benefit long term disabl benefit payabl month end period profit share bonus defer compens termin benefit equiti compens benefit standard requir enterpris recognis short term employe benefit employe render servic exchang benefit post employ benefit plan classifi defin contribut plan defin benefit plan standard specif guidanc classif multi employ plan state plan plan insur benefit defin contribut plan enterpris pai fix contribut separ entiti fund legal construct oblig pai contribut fund hold suffici asset pai employe benefit relat employe servic current prior period standard requir enterpris recognis contribut defin contribut plan employe render servic exchang contribut post employ benefit plan defin benefit plan defin benefit plan unfund wholli partli fund standard requir enterpris account legal oblig construct oblig aris enterpris practic determin present defin benefit oblig fair plan asset suffici regular amount recognis financi statement differ materi amount determin balanc sheet date project unit credit method measur oblig cost attribut benefit period servic plan benefit formula employe servic year lead materi higher level benefit earlier year unbias mutual compat actuari assumpt demograph variabl employe turnov mortal financi variabl futur increas salari medic cost state benefit financi assumpt base market expect balanc sheet date period oblig settl determin discount rate refer market yield balanc sheet date high qualiti corpor bond countri deep market bond govern bond currenc term consist currenc term post employ benefit oblig deduct fair plan asset carri amount oblig reimburs right qualifi plan asset treat plan asset present separ asset deduct oblig limit carri amount asset exce net total unrecognis past servic cost actuari loss ii present econom benefit form refund plan reduct futur contribut plan recognis past servic cost straight line basi averag period amend benefit vest recognis gain loss curtail settlement defin benefit plan curtail settlement occur gain loss compris result chang present defin benefit oblig fair plan asset unrecognis part relat actuari gain loss past servic cost recognis portion net cumul actuari gain loss exce greater present defin benefit oblig deduct plan asset ii fair plan asset portion actuari gain loss recognis defin benefit plan excess fell quot corridor quot previou report date divid expect averag remain work live employe particip plan standard permit systemat method faster recognit provid basi appli gain loss basi appli consist period period permit method includ recognit actuari gain loss standard requir simpler method account long term employe benefit post employ benefit actuari gain loss past servic cost recognis immedi termin benefit employe benefit payabl result enterpris decis termin employe employ normal retir date employe decis accept voluntari redund exchang benefit event rise oblig termin employe servic enterpris recognis termin benefit enterpris demonstr commit termin employ employe group employe normal retir date provid termin benefit result offer made order encourag voluntari redund enterpris demonstr commit termin enterpris detail formal plan minimum content termin realist possibl withdraw termin benefit fall due month balanc sheet date discount case offer made encourag voluntari redund measur termin benefit base number employe expect accept offer equiti compens benefit employe benefit employe entitl receiv equiti financi instrument issu enterpris parent amount enterpris oblig employe depend futur price equiti financi instrument issu enterpris standard requir disclosur benefit recognit measur requir standard effect account period begin januari earlier applic encourag adopt standard enterpris permit recognis result increas liabil post employ benefit year adopt standard decreas liabil enterpris requir recognis decreas immedi standard amend amend definit plan asset introduc recognit measur disclosur requir reimburs amend effect account period begin januari earlier applic encourag content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account disclosur employe benefit standard requir enterpris recognis liabil employe provid servic exchang employe benefit paid futur expens enterpris consum econom benefit aris servic provid employe exchang employe benefit scope standard appli employ account employe benefit standard deal report employe benefit plan ia account report retir benefit plan standard appli employe benefit includ provid formal plan formal agreement enterpris individu employe group employe repres legisl requir industri arrang enterpris requir contribut nation state industri multi employ plan inform practic give rise construct oblig inform practic give rise construct oblig enterpris realist altern pai employe benefit construct oblig chang enterpris inform practic unaccept damag relationship employe employe benefit includ short term employe benefit wage salari social secur contribut paid annual leav paid sick leav profit share bonus payabl month end period monetari benefit medic care hous car free subsidis good servic current employe post employ benefit pension retir benefit post employ life insur post employ medic care long term employe benefit includ long servic leav sabbat leav jubile long servic benefit long term disabl benefit payabl wholli month end period profit share bonus defer compens termin benefit equiti compens benefit categori identifi characterist standard establish separ requir categori employe benefit includ benefit provid employe depend settl payment provis good servic made directli employe spous children depend insur compani employe provid servic enterpris full time part time perman casual temporari basi purpos standard employe includ director manag personnel definit term standard mean employe benefit form consider enterpris exchang servic render employe short term employe benefit employe benefit termin benefit equiti compens benefit fall due wholli month end period employe render relat servic post employ benefit employe benefit termin benefit equiti compens benefit payabl complet employ post employ benefit plan formal inform arrang enterpris post employ benefit employe defin contribut plan post employ benefit plan enterpris pai fix contribut separ entiti fund legal construct oblig pai contribut fund hold suffici asset pai employe benefit relat employe servic current prior period defin benefit plan post employ benefit plan defin contribut plan multi employ plan defin contribut plan state plan defin benefit plan state plan pool asset contribut enterpris common control asset provid benefit employe enterpris basi contribut benefit level determin regard ident enterpris emploi employe concern long term employe benefit employe benefit post employ benefit termin benefit equiti compens benefit fall due wholli month end period employe render relat servic termin benefit employe benefit payabl result enterpris decis termin employe employ normal retir date employe decis accept voluntari redund exchang benefit equiti compens benefit employe benefit employe entitl receiv equiti financi instrument issu enterpris parent amount enterpris oblig employe depend futur price equiti financi instrument issu enterpris equiti compens plan formal inform arrang enterpris equiti compens benefit employe vest employe benefit employe benefit condit futur employ present defin benefit oblig present deduct plan asset expect futur payment requir settl oblig result employe servic current prior period current servic cost increas present defin benefit oblig result employe servic current period interest cost increas period present defin benefit oblig aris benefit period closer settlement plan asset compris asset held long term employe benefit fund qualifi insur polici asset held long term employe benefit fund asset transfer financi instrument issu report enterpris held entiti fund legal separ report enterpris exist sole pai fund employe benefit pai fund employe benefit report enterpris creditor bankruptci return report enterpris remain asset fund suffici meet relat employe benefit oblig plan report enterpris ii asset return report enterpris reimburs employe benefit paid qualifi insur polici insur polici issu insur relat parti defin ia relat parti disclosur report enterpris proce polici pai fund employe benefit defin benefit plan report enterpris creditor bankruptci paid report enterpris proce repres surplu asset need polici meet relat employe benefit oblig ii proce return report enterpris reimburs employe benefit paid fair amount asset exchang liabil settl knowledg parti arm length transact return plan asset interest dividend revenu deriv plan asset realis unrealis gain loss plan asset cost administ plan tax payabl plan actuari gain loss compris experi adjust effect differ previou actuari assumpt occur effect actuari assumpt past servic cost increas present defin benefit oblig employe servic prior period result current period introduct post employ benefit long term employe benefit past servic cost posit benefit introduc improv neg exist benefit reduc short term employe benefit short term employe benefit includ item wage salari social secur contribut short term compens absenc paid annual leav paid sick leav absenc expect occur month end period employe render relat employe servic profit share bonus payabl month end period employe render relat servic monetari benefit medic care hous car free subsidis good servic current employe account short term employe benefit gener straightforward actuari assumpt requir measur oblig cost possibl actuari gain loss short term employe benefit oblig measur undiscount basi recognit measur short term employe benefit employe render servic enterpris account period enterpris recognis undiscount amount short term employe benefit expect paid exchang servic liabil accru expens deduct amount paid amount paid exce undiscount amount benefit enterpris recognis excess asset prepaid expens extent prepay lead reduct futur payment cash refund expens intern account standard requir permit inclus benefit cost asset ia inventori ia properti plant equip paragraph explain enterpris appli requir short term employe benefit form compens absenc profit share bonu plan short term compens absenc enterpris recognis expect cost short term employe benefit form compens absenc paragraph case accumul compens absenc employe render servic increas entitl futur compens absenc case accumul compens absenc absenc occur enterpris compens employe absenc reason includ vacat sick short term disabl matern patern juri servic militari servic entitl compens absenc fall categori accumul accumul accumul compens absenc carri forward futur period current period entitl full accumul compens absenc vest word employe entitl cash payment unus entitl leav enterpris vest employe entitl cash payment unus entitl leav oblig aris employe render servic increas entitl futur compens absenc oblig exist recognis compens absenc vest possibl employe leav accumul vest entitl affect measur oblig enterpris measur expect cost accumul compens absenc addit amount enterpris expect pai result unus entitl accumul balanc sheet date method previou paragraph measur oblig amount addit payment expect aris sole fact benefit accumul case enterpris make detail comput estim materi oblig unus compens absenc sick leav oblig materi formal inform understand unus paid sick leav paid vacat illustr paragraph enterpris employe entitl work dai paid sick leav year unus sick leav carri forward calendar year sick leav current year entitl balanc brought forward previou year lifo basi decemb averag unus entitl dai employe enterpris expect base past experi expect continu employe dai paid sick leav remain employe averag half dai enterpris expect pai addit dai sick pai result unus entitl accumul decemb half dai employe enterpris recognis liabil equal dai sick pai accumul compens absenc carri forward laps current period entitl full entitl employe cash payment unus entitl leav enterpris commonli case sick pai extent unus past entitl increas futur entitl matern patern leav compens absenc juri servic militari servic enterpris recognis liabil expens time absenc employe servic increas amount benefit profit share bonu plan enterpris recognis expect cost profit share bonu payment paragraph enterpris present legal construct oblig make payment result past event reliabl estim oblig made present oblig exist enterpris realist altern make payment profit share plan employe receiv share profit remain enterpris period plan creat construct oblig employe render servic increas amount paid remain servic end period measur construct oblig reflect possibl employe leav receiv profit share payment illustr paragraph profit share plan requir enterpris pai proport net profit year employe serv year employe leav year total profit share payment year net profit enterpris estim staff turnov reduc payment net profit enterpris recognis liabil expens net profit enterpris legal oblig pai bonu case enterpris practic pai bonus case enterpris construct oblig enterpris realist altern pai bonu measur construct oblig reflect possibl employe leav receiv bonu enterpris make reliabl estim legal construct oblig profit share bonu plan formal term plan formula determin amount benefit enterpris determin amount paid financi statement authoris issu past practic clear evid amount enterpris construct oblig oblig profit share bonu plan result employe servic transact enterpris owner enterpris recognis cost profit share bonu plan distribut net profit expens profit share bonu payment due wholli month end period employe render relat servic payment long term employe benefit paragraph profit share bonu payment meet definit equiti compens benefit enterpris treat paragraph disclosur standard requir specif disclosur short term employe benefit intern account standard requir disclosur requir ia relat parti disclosur enterpris disclos inform employe benefit kei manag personnel ia present financi statement requir enterpris disclos staff cost post employ benefit distinct defin contribut plan defin benefit plan post employ benefit includ retir benefit pension post employ benefit post employ life insur post employ medic care arrang enterpris post employ benefit post employ benefit plan enterpris appli standard arrang involv establish separ entiti receiv contribut pai benefit post employ benefit plan classifi defin contribut plan defin benefit plan depend econom substanc plan deriv princip term condit defin contribut plan enterpris legal construct oblig limit amount agre contribut fund amount post employ benefit receiv employe determin amount contribut paid enterpris employe post employ benefit plan insur compani invest return aris contribut consequ actuari risk benefit expect invest risk asset invest insuffici meet expect benefit fall employe exampl case enterpris oblig limit amount agre contribut fund enterpris legal construct oblig plan benefit formula link sole amount contribut guarante indirectli plan directli return contribut inform practic give rise construct oblig construct oblig aris enterpris histori increas benefit employe pace inflat legal oblig defin benefit plan enterpris oblig provid agre benefit current employe actuari risk benefit cost expect invest risk fall substanc enterpris actuari invest experi wors expect enterpris oblig increas paragraph explain distinct defin contribut plan defin benefit plan context multi employ plan state plan insur benefit multi employ plan enterpris classifi multi employ plan defin contribut plan defin benefit plan term plan includ construct oblig formal term multi employ plan defin benefit plan enterpris account proportion share defin benefit oblig plan asset cost plan defin benefit plan disclos inform requir paragraph suffici inform defin benefit account multi employ plan defin benefit plan enterpris account plan paragraph defin contribut plan disclos fact plan defin benefit plan ii reason suffici inform enabl enterpris account plan defin benefit plan extent surplu deficit plan affect amount futur contribut disclos addit inform surplu deficit ii basi determin surplu deficit iii implic enterpris defin benefit multi employ plan plan financ pai basi contribut set level expect suffici pai benefit fall due period futur benefit earn current period paid futur contribut employe benefit determin length servic particip enterpris realist mean withdraw plan pai contribut benefit earn employe date withdraw plan creat actuari risk enterpris ultim cost benefit earn balanc sheet date expect enterpris increas contribut persuad employe accept reduct benefit plan defin benefit plan suffici inform multi employ plan defin benefit plan enterpris account proportion share defin benefit oblig plan asset post employ benefit cost plan defin benefit plan case enterpris identifi share underli financi posit perform plan suffici reliabl account purpos occur enterpris access inform plan satisfi requir standard plan expos particip enterpris actuari risk current employe enterpris result consist reliabl basi alloc oblig plan asset cost individu enterpris particip plan case enterpris account plan defin contribut plan disclos addit inform requir paragraph multi employ plan distinct group administr plan group administr plan aggreg singl employ plan combin particip employ pool asset invest purpos reduc invest manag administr cost claim employ segreg sole benefit employe group administr plan pose account problem inform readili treat singl employ plan plan expos particip enterpris actuari risk current employe enterpris definit standard requir enterpris classifi group administr plan defin contribut plan defin benefit plan accord term plan includ construct oblig formal term defin benefit plan pool asset contribut enterpris common control parent subsidiari multi employ plan enterpris treat plan defin benefit plan ia provis conting liabil conting asset requir enterpris recognis disclos inform conting liabil context multi employ plan conting liabil aris actuari loss relat particip enterpris enterpris particip multi employ plan share actuari risk particip enterpris respons term plan financ shortfal plan enterpris ceas particip state plan enterpris account state plan multi employ plan paragraph state plan establish legisl cover enterpris enterpris categori specif industri oper nation local govern bodi autonom agenc creat specif purpos subject control influenc report enterpris plan establish enterpris provid compulsori benefit substitut benefit cover state plan addit voluntari benefit plan state plan state plan characteris defin benefit defin contribut natur base enterpris oblig plan state plan fund pai basi contribut set level expect suffici pai requir benefit fall due period futur benefit earn current period paid futur contribut state plan enterpris legal construct oblig pai futur benefit oblig pai contribut fall due enterpris ceas emploi member state plan oblig pai benefit earn employe previou year reason state plan defin contribut plan rare case state plan defin benefit plan enterpris appli treatment prescrib paragraph insur benefit enterpris pai insur premium fund post employ benefit plan enterpris treat plan defin contribut plan enterpris directli indirectli plan legal construct oblig pai employe benefit directli fall due pai amount insur pai futur employe benefit relat employe servic current prior period enterpris retain legal construct oblig enterpris treat plan defin benefit plan benefit insur insur contract direct automat relationship enterpris oblig employe benefit post employ benefit plan involv insur contract subject distinct account fund fund plan enterpris fund post employ benefit oblig contribut insur polici enterpris directli indirectli plan mechan set futur premium relat parti relationship insur retain legal construct oblig payment premium amount defin contribut arrang enterpris account qualifi insur polici plan asset paragraph recognis insur polici reimburs right polici satisfi criteria paragraph insur polici plan particip group plan particip enterpris legal construct oblig cover loss polici enterpris oblig pai benefit employe insur sole respons pai benefit payment fix premium contract substanc settlement employe benefit oblig invest meet oblig enterpris longer asset liabil enterpris treat payment contribut defin contribut plan post employ benefit defin contribut plan account defin contribut plan straightforward report enterpris oblig period determin amount contribut period actuari assumpt requir measur oblig expens possibl actuari gain loss oblig measur undiscount basi fall due wholli month end period employe render relat servic recognit measur employe render servic enterpris period enterpris recognis contribut payabl defin contribut plan exchang servic liabil accru expens deduct contribut paid contribut paid exce contribut due servic balanc sheet date enterpris recognis excess asset prepaid expens extent prepay lead reduct futur payment cash refund expens intern account standard requir permit inclus contribut cost asset ia inventori ia properti plant equip contribut defin contribut plan fall due wholli month end period employe render relat servic discount discount rate paragraph disclosur enterpris disclos amount recognis expens defin contribut plan requir ia relat parti disclosur enterpris disclos inform contribut defin contribut plan kei manag personnel post employ benefit defin benefit plan account defin benefit plan complex actuari assumpt requir measur oblig expens possibl actuari gain loss oblig measur discount basi settl year employe render relat servic recognit measur defin benefit plan unfund wholli partli fund contribut enterpris employe entiti fund legal separ report enterpris employe benefit paid payment fund benefit fall due depend financi posit invest perform fund enterpris abil willing make good shortfal fund asset enterpris substanc underwrit actuari invest risk plan expens recognis defin benefit plan necessarili amount contribut due period account enterpris defin benefit plan involv step actuari techniqu make reliabl estim amount benefit employe earn return servic current prior period requir enterpris determin benefit attribut current prior period paragraph make estim actuari assumpt demograph variabl employe turnov mortal financi variabl futur increas salari medic cost influenc cost benefit paragraph discount benefit project unit credit method order determin present defin benefit oblig current servic cost paragraph determin fair plan asset paragraph determin total amount actuari gain loss amount actuari gain loss recognis paragraph plan introduc chang determin result past servic cost paragraph plan curtail settl determin result gain loss paragraph enterpris defin benefit plan enterpris appli procedur materi plan separ case estim averag comput shortcut provid reliabl approxim detail comput illustr standard account construct oblig enterpris account legal oblig formal term defin benefit plan construct oblig aris enterpris inform practic inform practic give rise construct oblig enterpris realist altern pai employe benefit construct oblig chang enterpris inform practic unaccept damag relationship employe formal term defin benefit plan permit enterpris termin oblig plan difficult enterpris cancel plan employe retain absenc evid contrari account post employ benefit assum enterpris promis benefit continu remain work live employe balanc sheet amount recognis defin benefit liabil net total amount present defin benefit oblig balanc sheet date paragraph actuari gain actuari loss recognis treatment set paragraph minu past servic cost recognis paragraph minu fair balanc sheet date plan asset oblig settl directli paragraph present defin benefit oblig gross oblig deduct fair plan asset enterpris determin present defin benefit oblig fair plan asset suffici regular amount recognis financi statement differ materi amount determin balanc sheet date standard encourag requir enterpris involv qualifi actuari measur materi post employ benefit oblig practic reason enterpris request qualifi actuari carri detail valuat oblig balanc sheet date result valuat updat materi transact materi circumst includ market price interest rate balanc sheet date amount determin paragraph neg asset enterpris measur result asset lower amount determin paragraph total cumul unrecognis net actuari loss past servic cost paragraph ii present econom benefit form refund plan reduct futur contribut plan present econom benefit determin discount rate paragraph applic paragraph result gain recognis sole result actuari loss past servic cost current period loss recognis sole result actuari gain current period enterpris recognis immedi paragraph extent aris defin benefit asset determin accord paragraph net actuari loss current period past servic cost current period extent exce reduct present econom benefit paragraph ii chang increas present econom benefit entir net actuari loss current period past servic cost current period recognis immedi paragraph net actuari gain current period deduct past servic cost current period extent exce increas present econom benefit paragraph ii chang decreas present econom benefit entir net actuari gain current period deduct past servic cost current period recognis immedi paragraph paragraph appli enterpris begin end account period surplu defin benefit plan base current term plan recov surplu fulli refund reduct futur contribut case past servic cost actuari loss aris period recognit defer paragraph increas amount paragraph increas offset equal decreas present econom benefit qualifi recognit paragraph ii increas net total paragraph recognis gain paragraph prohibit recognit gain circumst opposit effect aris actuari gain aris period recognit defer paragraph extent actuari gain reduc cumul unrecognis actuari loss paragraph prohibit recognit loss circumst exampl applic paragraph appendix asset aris defin benefit plan overfund case actuari gain recognis enterpris recognis asset case enterpris control resourc abil surplu gener futur benefit control result past event contribut paid enterpris servic render employe futur econom benefit enterpris form reduct futur contribut cash refund directli enterpris indirectli plan deficit limit paragraph ride delai recognit actuari loss paragraph past servic cost paragraph paragraph limit ride transit option paragraph paragraph vi requir enterpris disclos amount recognis asset limit paragraph illustr paragraph gt tabl gt enterpris recognis asset disclos limit reduc carri amount asset paragraph vi incom statement enterpris recognis net total amount expens subject limit paragraph incom extent intern account standard requir permit inclus cost asset current servic cost paragraph interest cost paragraph expect return plan asset paragraph reimburs right paragraph actuari gain loss extent recognis paragraph past servic cost extent paragraph requir enterpris recognis effect curtail settlement paragraph intern account standard requir inclus employe benefit cost cost asset inventori properti plant equip ia inventori ia properti plant equip post employ benefit cost includ cost asset includ proport compon list paragraph recognit measur present defin benefit oblig current servic cost ultim cost defin benefit plan influenc variabl final salari employe turnov mortal medic cost trend fund plan invest earn plan asset ultim cost plan uncertain uncertainti persist long period time order measur present post employ benefit oblig relat current servic cost appli actuari valuat method paragraph attribut benefit period servic paragraph make actuari assumpt paragraph actuari valuat method enterpris project unit credit method determin present defin benefit oblig relat current servic cost applic past servic cost project unit credit method accru benefit method pro rate servic benefit year servic method see period servic give rise addit unit benefit entitl paragraph measur unit separ build final oblig paragraph enterpris discount post employ benefit oblig part oblig fall due month balanc sheet date illustr paragraph lump sum benefit payabl termin servic equal final salari year servic salari year assum increas compound year discount rate annum tabl show oblig build employe expect leav end year assum actuari assumpt simplic ignor addit adjust need reflect probabl employe leav enterpris earlier date gt tabl gt note open oblig present benefit attribut prior year current servic cost present benefit attribut current year close oblig present benefit attribut current prior year attribut benefit period servic determin present defin benefit oblig relat current servic cost applic past servic cost enterpris attribut benefit period servic plan benefit formula employe servic year lead materi higher level benefit earlier year enterpris attribut benefit straight line basi date servic employe lead benefit plan benefit condit servic date servic employe lead materi amount benefit plan salari increas project unit credit method requir enterpris attribut benefit current period order determin current servic cost current prior period order determin present defin benefit oblig enterpris attribut benefit period oblig provid post employ benefit aris oblig aris employe render servic return post employ benefit enterpris expect pai futur report period actuari techniqu enterpris measur oblig suffici reliabl justifi recognit liabil exampl illustr paragraph defin benefit plan lump sum benefit payabl retir year servic benefit attribut year current servic cost present present defin benefit oblig present multipli number year servic balanc sheet date benefit payabl immedi employe leav enterpris current servic cost present defin benefit oblig reflect date employe expect leav effect discount amount determin employe left balanc sheet date plan monthli pension final salari year servic pension payabl ag benefit equal present expect retir date monthli pension estim final salari payabl expect retir date expect date death attribut year servic current servic cost present benefit present defin benefit oblig present monthli pension payment final salari multipli number year servic balanc sheet date current servic cost present defin benefit oblig discount pension payment begin ag employe servic rise oblig defin benefit plan benefit condit futur employ word vest employe servic vest date rise construct oblig success balanc sheet date amount futur servic employe render entitl benefit reduc measur defin benefit oblig enterpris consid probabl employe satisfi vest requir similarli post employ benefit post employ medic benefit payabl event occur employe longer emploi oblig creat employe render servic provid entitl benefit event occur probabl event occur affect measur oblig determin oblig exist exampl illustr paragraph plan pai benefit year servic benefit vest ten year servic benefit attribut year year current servic cost present oblig reflect probabl employe complet year servic plan pai benefit year servic exclud servic ag benefit vest immedi benefit attribut servic ag servic date lead benefit condit uncondit benefit attribut subsequ year oblig increas date servic employe lead materi amount benefit benefit attribut period end date benefit attribut individu account period plan benefit formula employe servic year lead materi higher level benefit earlier year enterpris attribut benefit straight line basi date servic employe lead materi amount benefit employe servic entir period ultim lead benefit higher level exampl illustr paragraph plan pai lump sum benefit vest year servic plan benefit subsequ servic benefit divid attribut year current servic cost year reflect probabl employe complet year servic benefit attribut subsequ year plan pai lump sum retir benefit employe emploi ag year servic emploi ag length servic employe join ag servic lead benefit plan ag employe leav ag return ag effect amount time benefit benefit condit servic servic ag lead materi amount benefit employe enterpris attribut benefit divid year ag ag employe join ag servic year lead materi amount benefit employe enterpris attribut benefit divid year employe join ag servic year lead materi amount benefit employe enterpris attribut benefit divid year employe current servic cost present oblig reflect probabl employe complet period servic post employ medic plan reimburs employe post employ medic cost employe leav year servic cost employe leav year servic plan benefit formula enterpris attribut present expect medic cost divid year divid year current servic cost year reflect probabl employe complet period servic earn part benefit employe expect leav year benefit attribut post employ medic plan reimburs employe post employ medic cost employe leav year servic cost employe leav year servic servic year lead materi higher level benefit earlier year employe expect leav year enterpris attribut benefit straight line basi paragraph servic year lead materi amount benefit benefit attribut year present expect medic cost divid employe expect leav year benefit attribut year present expect medic cost employe benefit attribut servic end year estim date leav employe expect leav year benefit attribut amount benefit constant proport final salari year servic futur salari increas affect amount requir settl oblig exist servic balanc sheet date creat addit oblig purpos paragraph salari increas lead benefit amount benefit depend final salari amount benefit attribut period constant proport salari benefit link illustr paragraph employe entitl benefit final salari year servic ag benefit estim final salari attribut year ag date servic employe lead materi amount benefit plan benefit attribut servic ag actuari assumpt actuari assumpt unbias mutual compat actuari assumpt enterpris estim variabl determin ultim cost provid post employ benefit actuari assumpt compris demograph assumpt futur characterist current employe depend elig benefit demograph assumpt deal matter mortal employ ii rate employe turnov disabl earli retir iii proport plan member depend elig benefit iv claim rate medic plan financi assumpt deal item discount rate paragraph ii futur salari benefit level paragraph iii case medic benefit futur medic cost includ materi cost administ claim benefit payment paragraph iv expect rate return plan asset paragraph actuari assumpt unbias imprud excess conserv actuari assumpt mutual compat reflect econom relationship factor inflat rate salari increas return plan asset discount rate assumpt depend inflat level assumpt interest rate salari benefit increas futur period assum inflat level period enterpris determin discount rate financi assumpt nomin state term estim real inflat adjust term reliabl hyperinflationari economi ia financi report hyperinflationari economi benefit index link deep market index link bond currenc term financi assumpt base market expect balanc sheet date period oblig settl actuari assumpt discount rate rate discount post employ benefit oblig fund unfund determin refer market yield balanc sheet date high qualiti corpor bond countri deep market bond market yield balanc sheet date govern bond currenc term corpor bond govern bond consist currenc estim term post employ benefit oblig actuari assumpt materi effect discount rate discount rate reflect time monei actuari invest risk discount rate reflect enterpris specif credit risk born enterpris creditor reflect risk futur experi differ actuari assumpt discount rate reflect estim time benefit payment practic enterpris achiev appli singl weight averag discount rate reflect estim time amount benefit payment currenc benefit paid case deep market bond suffici long matur match estim matur benefit payment case enterpris current market rate term discount shorter term payment estim discount rate longer matur extrapol current market rate yield curv total present defin benefit oblig sensit discount rate appli portion benefit payabl final matur corpor govern bond interest cost comput multipli discount rate determin start period present defin benefit oblig period take account materi oblig present oblig differ liabil recognis balanc sheet liabil recognis deduct fair plan asset actuari gain loss past servic cost recognis immedi appendix illustr comput interest cost thing actuari assumpt salari benefit medic cost post employ benefit oblig measur basi reflect estim futur salari increas benefit set term plan result construct oblig term balanc sheet date estim futur level state benefit affect benefit payabl defin benefit plan enact balanc sheet date ii past histori reliabl evid state benefit chang predict manner line futur gener price level gener salari level estim futur salari increas account inflat senior promot relev factor suppli demand employ market formal term plan construct oblig term requir enterpris chang benefit futur period measur oblig reflect case enterpris past histori increas benefit mitig effect inflat indic practic chang futur actuari gain recognis financi statement enterpris oblig formal term plan construct oblig term legisl surplu plan benefit plan particip paragraph actuari assumpt reflect futur benefit set formal term plan construct oblig balanc sheet date result past servic cost extent chang benefit servic chang current servic cost period chang extent chang benefit servic chang post employ benefit link variabl level state retir benefit state medic care measur benefit reflect expect variabl base past histori reliabl evid assumpt medic cost account estim futur cost medic servic result inflat specif medic cost measur post employ medic benefit requir assumpt level frequenc futur claim cost meet claim enterpris estim futur medic cost basi histor data enterpris experi supplement histor data enterpris insur compani medic provid sourc estim futur medic cost effect technolog advanc health care utilis deliveri pattern health statu plan particip level frequenc claim sensit ag health statu sex employe depend sensit factor geograph locat histor data adjust extent demograph mix popul differ popul basi histor data adjust reliabl evid histor trend continu post employ health care plan requir employe contribut medic cost cover plan estim futur medic cost account contribut base term plan balanc sheet date base construct oblig term employe contribut result past servic cost applic curtail cost meet claim reduc benefit state medic provid paragraph actuari gain loss measur defin benefit liabil paragraph enterpris subject paragraph recognis portion paragraph actuari gain loss incom expens net cumul unrecognis actuari gain loss end previou report period exceed greater present defin benefit oblig date deduct plan asset fair plan asset date limit calcul appli separ defin benefit plan portion actuari gain loss recognis defin benefit plan excess determin paragraph divid expect averag remain work live employe particip plan enterpris adopt systemat method result faster recognit actuari gain loss provid basi appli gain loss basi appli consist period period enterpris appli systemat method actuari gain loss fall limit paragraph actuari gain loss result increas decreas present defin benefit oblig fair relat plan asset actuari gain loss includ unexpectedli high low rate employe turnov earli retir mortal increas salari benefit formal construct term plan provid inflationari benefit increas medic cost effect estim futur employe turnov earli retir mortal increas salari benefit formal construct term plan provid inflationari benefit increas medic cost effect discount rate differ actual return plan asset expect return plan asset paragraph long term actuari gain loss offset estim post employ benefit oblig view rang quot corridor quot estim enterpris permit requir recognis actuari gain loss fall rang standard requir enterpris recognis minimum portion actuari gain loss fall quot corridor quot minu appendix illustr treatment actuari gain loss thing standard permit systemat method faster recognit provid method satisfi condit set paragraph permit method includ recognit actuari gain loss quot corridor quot paragraph iii explain unrecognis part transit liabil account subsequ actuari gain past servic cost measur defin benefit liabil paragraph enterpris subject paragraph recognis past servic cost expens straight line basi averag period benefit vest extent benefit vest immedi introduct defin benefit plan enterpris recognis past servic cost immedi past servic cost aris enterpris introduc defin benefit plan benefit payabl exist defin benefit plan return employe servic period benefit concern vest past servic cost recognis period fact cost refer employe servic previou period past servic cost measur chang liabil result amend paragraph illustr paragraph enterpris oper pension plan pension final salari year servic benefit vest year servic januari enterpris improv pension final salari year servic start januari date improv present addit benefit servic januari januari gt tabl gt enterpris recognis immedi benefit vest enterpris recognis straight line basi year januari past servic cost exclud effect differ actual previous assum salari increas oblig pai benefit servic prior year past servic cost actuari assumpt project salari estim discretionari pension increas enterpris construct oblig grant increas past servic cost actuari assumpt increas estim benefit improv result actuari gain recognis financi statement enterpris oblig formal term plan construct oblig term legisl surplu plan benefit plan particip benefit increas formal award result increas oblig actuari loss past servic cost paragraph increas vest benefit absenc improv benefit employe complet vest requir past servic cost estim cost benefit recognis current servic cost servic render effect plan amend reduc benefit futur servic curtail enterpris establish amortis schedul past servic cost benefit introduc chang impractic maintain detail record need identifi implement subsequ amortis schedul effect materi curtail settlement enterpris amend amortis schedul past servic cost curtail settlement enterpris reduc benefit payabl exist defin benefit plan result reduct defin benefit liabil recognis neg past servic cost averag period reduc portion benefit vest enterpris reduc benefit payabl exist defin benefit plan time increas benefit payabl plan employe enterpris treat chang singl net chang recognit measur plan asset fair plan asset fair plan asset deduct determin amount recognis balanc sheet paragraph market price fair plan asset estim discount expect futur cash flow discount rate reflect risk plan asset matur expect dispos date asset matur expect period settlement relat oblig plan asset exclud unpaid contribut due report enterpris fund transfer financi instrument issu enterpris held fund plan asset reduc liabil fund relat employe benefit trade payabl liabil result deriv financi instrument plan asset includ qualifi insur polici match amount time benefit payabl plan fair insur polici deem present relat oblig paragraph subject reduct requir amount receiv insur polici recover full reimburs virtual parti reimburs expenditur requir settl defin benefit oblig enterpris recognis reimburs separ asset enterpris measur asset fair respect enterpris treat asset plan asset incom statement expens relat defin benefit plan present net amount recognis reimburs enterpris parti insur pai part expenditur requir settl defin benefit oblig qualifi insur polici defin paragraph plan asset enterpris account qualifi insur polici plan asset paragraph appli paragraph insur polici qualifi insur polici insur polici plan asset paragraph deal case enterpris recognis reimburs insur polici separ asset deduct determin defin benefit liabil recognis paragraph respect enterpris treat asset plan asset defin benefit liabil recognis paragraph increas reduc extent net cumul actuari gain loss defin benefit oblig relat reimburs remain unrecognis paragraph paragraph vii requir enterpris disclos descript link reimburs relat oblig illustr paragraph gt tabl gt unrecognis actuari gain net cumul actuari gain oblig reimburs right reimburs aris insur polici match amount time benefit payabl defin benefit plan fair reimburs deem present relat oblig paragraph subject reduct requir reimburs recover full return plan asset expect return plan asset compon expens recognis incom statement differ expect return plan asset actual return plan asset actuari gain loss includ actuari gain loss defin benefit oblig determin net amount compar limit quot corridor quot paragraph expect return plan asset base market expect begin period return entir life relat oblig expect return plan asset reflect fair plan asset held period result actual contribut paid fund actual benefit paid fund determin expect actual return plan asset enterpris deduct expect administr cost includ actuari assumpt measur oblig illustr paragraph januari fair plan asset net cumul unrecognis actuari gain june plan paid benefit receiv contribut decemb fair plan asset present defin benefit oblig actuari loss oblig januari report enterpris made estim base market price date gt tabl gt expect actual return plan asset gt tabl gt differ expect return plan asset actual return plan asset actuari gain cumul net unrecognis actuari gain paragraph limit corridor set greater ii year enterpris recognis incom statement actuari gain divid expect averag remain work life employe concern expect return plan asset base market expect return entir life oblig busi combin busi combin acquisit enterpris recognis asset liabil aris post employ benefit present oblig fair plan asset ia busi combin present oblig includ acquire recognis date acquisit actuari gain loss aros date acquisit fell insid quot corridor quot past servic cost aros benefit introduct plan date acquisit amount transit provis paragraph acquire recognis curtail settlement enterpris recognis gain loss curtail settlement defin benefit plan curtail settlement occur gain loss curtail settlement compris result chang present defin benefit oblig result chang fair plan asset relat actuari gain loss past servic cost paragraph previous recognis determin effect curtail settlement enterpris remeasur oblig relat plan asset current actuari assumpt includ current market interest rate current market price curtail occur enterpris demonstr commit make materi reduct number employe cover plan amend term defin benefit plan materi element futur servic current employe longer qualifi benefit qualifi reduc benefit curtail aris isol event close plant discontinu oper termin suspens plan event materi qualifi curtail recognit curtail gain loss materi effect financi statement curtail link restructur enterpris account curtail time relat restructur settlement occur enterpris enter transact elimin legal construct oblig part benefit provid defin benefit plan lump sum cash payment made behalf plan particip exchang right receiv post employ benefit case enterpris acquir insur polici fund employe benefit relat employe servic current prior period acquisit polici settlement enterpris retain legal construct oblig paragraph pai amount insur pai employe benefit insur polici paragraph deal recognit measur reimburs right insur polici plan asset settlement occur curtail plan termin oblig settl plan ceas exist termin plan curtail settlement plan replac plan offer benefit substanc ident curtail relat employe cover plan part oblig settl gain loss includ proportion share previous unrecognis past servic cost actuari gain loss transit amount remain unrecognis paragraph proportion share determin basi present oblig curtail settlement basi ration circumst appli gain aris curtail settlement plan elimin unrecognis past servic cost relat plan illustr paragraph enterpris discontinu busi segment employe discontinu segment earn benefit curtail settlement current actuari assumpt includ current market interest rate current market price immedi curtail enterpris defin benefit oblig net present plan asset fair net cumul unrecognis actuari gain enterpris adopt standard year increas net liabil enterpris chose recognis year paragraph curtail reduc net present oblig previous unrecognis actuari gain transit amount relat part oblig elimin curtail effect curtail gt tabl gt present offset enterpris offset asset relat plan liabil relat plan enterpris legal enforc surplu plan settl oblig plan intend settl oblig net basi realis surplu plan settl oblig plan simultan offset criteria similar establish financi instrument ia financi instrument disclosur present current current distinct enterpris distinguish current asset liabil current asset liabil standard enterpris distinguish current current portion asset liabil aris post employ benefit financi compon post employ benefit cost standard enterpris present current servic cost interest cost expect return plan asset compon singl item incom expens face incom statement disclosur enterpris disclos inform defin benefit plan enterpris account polici recognis actuari gain loss gener descript type plan reconcili asset liabil recognis balanc sheet show present balanc sheet date defin benefit oblig wholli unfund ii present deduct fair plan asset balanc sheet date defin benefit oblig wholli partli fund iii fair plan asset balanc sheet date iv net actuari gain loss recognis balanc sheet paragraph past servic cost recognis balanc sheet paragraph vi amount recognis asset limit paragraph vii fair balanc sheet date reimburs recognis asset paragraph descript link reimburs relat oblig viii amount recognis balanc sheet amount includ fair plan asset categori report enterpris financi instrument ii properti occupi asset report enterpris reconcili show movement period net liabil asset recognis balanc sheet total expens recognis incom statement line item incom statement includ current servic cost ii interest cost iii expect return plan asset iv expect return reimburs recognis asset paragraph actuari gain loss vi past servic cost vii effect curtail settlement actual return plan asset actual return reimburs recognis asset paragraph princip actuari assumpt balanc sheet date includ applic discount rate ii expect rate return plan asset period present financi statement iii expect rate return period present financi statement reimburs recognis asset paragraph iv expect rate salari increas index variabl formal construct term plan basi futur benefit increas medic cost trend rate vi materi actuari assumpt enterpris disclos actuari assumpt absolut term absolut percentag margin percentag variabl paragraph requir gener descript type plan descript distinguish flat salari pension plan final salari pension plan post employ medic plan detail requir enterpris defin benefit plan disclosur made total separ plan group consid distinguish group criteria geograph locat plan distinguish domest plan foreign plan plan subject materi risk distinguish flat salari pension plan final salari pension plan post employ medic plan enterpris disclosur total group plan disclosur provid form weight averag narrow rang paragraph requir addit disclosur multi employ defin benefit plan treat defin contribut plan requir ia relat parti disclosur enterpris disclos inform relat parti transact post employ benefit plan post employ benefit kei manag personnel requir ia provis conting liabil conting asset enterpris disclos inform conting liabil aris post employ benefit oblig long term employe benefit long term employe benefit includ long term compens absenc long servic sabbat leav jubile long servic benefit long term disabl benefit profit share bonus payabl month end period employe render relat servic defer compens paid month end period earn measur long term employe benefit subject degre uncertainti measur post employ benefit introduct long term employe benefit rare materi amount past servic cost reason standard requir simplifi method account long term employe benefit method differ account requir post employ benefit actuari gain loss recognis immedi corridor appli past servic cost recognis immedi recognit measur amount recognis liabil long term employe benefit net total amount present defin benefit oblig balanc sheet date paragraph minu fair balanc sheet date plan asset oblig settl directli paragraph measur liabil enterpris appli paragraph exclud paragraph enterpris appli paragraph recognis measur reimburs long term employe benefit enterpris recognis net total amount expens subject paragraph incom extent intern account standard requir permit inclus cost asset current servic cost paragraph interest cost paragraph expect return plan asset paragraph reimburs recognis asset paragraph actuari gain loss recognis immedi past servic cost recognis immedi effect curtail settlement paragraph form long term employe benefit long term disabl benefit level benefit depend length servic oblig aris servic render measur oblig reflect probabl payment requir length time payment expect made level benefit disabl employe year servic expect cost benefit recognis event occur long term disabl disclosur standard requir specif disclosur long term employe benefit intern account standard requir disclosur expens result benefit size natur incid disclosur relev explain perform enterpris period ia net profit loss period fundament error account polici requir ia relat parti disclosur enterpris disclos inform long term employe benefit kei manag personnel termin benefit standard deal termin benefit separ employe benefit event rise oblig termin employe servic recognit enterpris recognis termin benefit liabil expens enterpris demonstr commit termin employ employe group employe normal retir date provid termin benefit result offer made order encourag voluntari redund enterpris demonstr commit termin enterpris detail formal plan termin realist possibl withdraw detail plan includ minimum locat function approxim number employe servic termin termin benefit job classif function time plan implement implement begin period time complet implement materi plan enterpris commit legisl contractu agreement employe repres construct oblig base busi practic custom desir act equit make payment provid benefit employe termin employ payment termin benefit termin benefit typic lump sum payment includ enhanc retir benefit post employ benefit indirectli employe benefit plan directli salari end notic period employe render servic econom benefit enterpris employe benefit payabl reason employe departur payment benefit subject vest minimum servic requir time payment uncertain benefit countri termin indemn termin gratuiti post employ benefit termin benefit enterpris account post employ benefit enterpris provid lower level benefit voluntari termin request employe substanc post employ benefit involuntari termin request enterpris addit benefit payabl involuntari termin termin benefit termin benefit provid enterpris futur econom benefit recognis expens immedi enterpris recognis termin benefit enterpris account curtail retir benefit employe benefit paragraph measur termin benefit fall due month balanc sheet date discount discount rate paragraph case offer made encourag voluntari redund measur termin benefit base number employe expect accept offer disclosur uncertainti number employe accept offer termin benefit conting liabil exist requir ia provis conting liabil conting asset enterpris disclos inform conting liabil possibl outflow settlement remot requir ia net profit loss period fundament error account polici enterpris disclos natur amount expens size natur incid disclosur relev explain perform enterpris period termin benefit result expens need disclosur order compli requir requir ia relat parti disclosur enterpris disclos inform termin benefit kei manag personnel equiti compens benefit equiti compens benefit includ benefit form share share option equiti instrument issu employe fair instrument issu parti cash payment amount depend futur market price report enterpris share recognit measur standard recognit measur requir equiti compens benefit disclosur disclosur requir intend enabl user financi statement assess effect equiti compens benefit enterpris financi posit perform cash flow equiti compens benefit affect enterpris financi posit requir enterpris issu equiti financi instrument convert financi instrument employe employe compens plan hold share option partial satisfi vest provis enabl acquir share option futur enterpris perform cash flow reduc amount cash employe benefit enterpris employe exchang servic enterpris disclos natur term includ vest provis equiti compens plan account polici equiti compens plan amount recognis financi statement equiti compens plan number term includ applic dividend vote right convers right exercis date exercis price expiri date enterpris equiti financi instrument held equiti compens plan case share option employe begin end period extent employe entitl instrument vest begin end period number term includ applic dividend vote right convers right exercis date exercis price expiri date equiti financi instrument issu enterpris equiti compens plan employe enterpris equiti financi instrument distribut equiti compens plan employe period fair consider receiv equiti compens plan employe number exercis date exercis price share option exercis equiti compens plan period number share option held equiti compens plan held employe plan laps period amount princip term loan guarante grant report enterpris behalf equiti compens plan enterpris disclos fair begin end period enterpris equiti financi instrument share option held equiti compens plan fair date issu enterpris equiti financi instrument share option issu enterpris equiti compens plan employe equiti compens plan employe period practic determin fair equiti financi instrument share option fact disclos enterpris equiti compens plan disclosur made total separ plan group consid assess enterpris oblig issu equiti financi instrument plan oblig current period group distinguish locat senior employe group cover enterpris disclosur total group plan disclosur provid form weight averag narrow rang enterpris issu share option employe employe compens plan disclosur made total group consid assess number time share issu cash receiv result distinguish option quot monei quot exercis price exce current market price option quot monei quot current market price exce exercis price combin disclosur group aggreg option wide rang exercis price exercis date disclosur requir paragraph intend meet object standard addit disclosur requir satisfi requir ia relat parti disclosur enterpris equiti compens benefit kei manag personnel equiti compens benefit form instrument issu enterpris parent enter relat parti transact equiti compens plan absenc specif recognit measur requir equiti compens plan inform fair report enterpris financi instrument plan user financi statement consensu determin fair share option standard requir enterpris disclos fair transit provis section specifi transit treatment defin benefit plan enterpris adopt standard employe benefit enterpris appli ia net profit loss period fundament error account polici adopt standard enterpris determin transit liabil defin benefit plan date present oblig paragraph date adopt minu fair date adopt plan asset oblig settl directli paragraph minu past servic cost paragraph recognis period transit liabil liabil recognis date enterpris previou account polici enterpris make irrevoc choic recognis increas part defin benefit liabil paragraph immedi ia net profit loss period fundament error account polici expens straight line basi year date adopt enterpris choos enterpris appli limit paragraph measur asset recognis balanc sheet ii disclos balanc sheet date amount increas remain unrecognis amount recognis current period iii limit recognit subsequ actuari gain neg past servic cost actuari gain recognis paragraph enterpris recognis actuari gain extent net cumul unrecognis actuari gain recognit actuari gain exce unrecognis part transit liabil iv includ relat part unrecognis transit liabil determin subsequ gain loss settlement curtail transit liabil liabil recognis date enterpris previou account polici enterpris recognis decreas immedi ia initi adopt standard effect chang account polici includ actuari gain loss aros earlier period fall insid quot corridor quot paragraph illustr paragraph decemb enterpris balanc sheet includ pension liabil enterpris adopt standard januari present oblig standard fair plan asset januari enterpris improv pension cost vest benefit averag remain period date vest year gt tabl gt enterpris choos recognis increas immedi year choic irrevoc decemb present oblig standard fair plan asset net cumul unrecognis actuari gain date adopt standard expect averag remain work life employe particip plan year enterpris adopt polici recognis actuari gain loss immedi permit paragraph effect limit paragraph iii gt tabl gt effect date intern account standard oper financi statement cover period begin januari paragraph earlier adopt encourag enterpris appli standard retir benefit cost financi statement cover period begin januari enterpris disclos fact appli standard ia retir benefit cost approv standard supersed ia retir benefit cost approv oper annual financi statement cover period begin januari revis definit plan asset paragraph relat definit asset held long term employe benefit fund qualifi insur polici recognit measur requir reimburs paragraph relat disclosur paragraph vii iv iii earlier adopt encourag earlier adopt affect financi statement enterpris disclos fact amend paragraph oper annual financi statement cover period end earlier adopt encourag earlier adopt affect financi statement enterpris disclos fact ia net profit loss period fundament error account polici appli enterpris account polici reflect paragraph appli retrospect requir benchmark allow altern treatment ia enterpris treat adopt time rest standard intern account standard ia reformat account govern grant disclosur govern assist reformat intern account standard supersed standard origin approv board novemb present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic ia revis event balanc sheet date amend paragraph amend text effect financi statement cover annual period begin januari januari ia agricultur amend paragraph amend text effect financi statement cover annual period begin januari sic interpret relat ia sic govern assist specif relat oper activ content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli account disclosur govern grant disclosur form govern assist standard deal special problem aris account govern grant financi statement reflect effect chang price supplementari inform similar natur govern assist provid enterpris form benefit determin taxabl incom determin limit basi incom tax liabil incom tax holidai invest tax credit acceler depreci allow reduc incom tax rate govern particip ownership enterpris govern grant cover ia agricultur definit term standard mean govern refer govern govern agenc similar bodi local nation intern govern assist action govern design provid econom benefit specif enterpris rang enterpris qualifi criteria govern assist purpos standard includ benefit provid indirectli action affect gener trade condit provis infrastructur develop area imposit trade constraint competitor govern grant assist govern form transfer resourc enterpris return past futur complianc condit relat oper activ enterpris exclud form govern assist transact govern distinguish normal trade transact enterpris grant relat asset govern grant primari condit enterpris qualifi purchas construct acquir long term asset subsidiari condit attach restrict type locat asset period acquir held grant relat incom govern grant relat asset forgiv loan loan lender undertak waiv repay prescrib condit fair amount asset exchang knowledg buyer knowledg seller arm length transact govern assist take form vari natur assist condit attach purpos assist encourag enterpris embark action assist provid receipt govern assist enterpris signific prepar financi statement reason firstli resourc transfer method account transfer found desir give indic extent enterpris benefit assist report period facilit comparison enterpris financi statement prior period enterpris govern grant call name subsidi subvent premium govern grant govern grant includ monetari grant fair recognis reason assur enterpris compli condit attach grant receiv govern grant recognis reason assur enterpris compli condit attach grant receiv receipt grant provid conclus evid condit attach grant fulfil manner grant receiv affect account method adopt regard grant grant account manner receiv cash reduct liabil govern forgiv loan govern treat govern grant reason assur enterpris meet term forgiv loan govern grant recognis relat conting liabil conting asset treat accord ia provis conting liabil conting asset govern grant recognis incom period match relat cost intend compens systemat basi credit directli sharehold interest broad approach found account treatment govern grant capit approach grant credit directli sharehold interest incom approach grant incom period support capit approach argu govern grant financ devic dealt balanc sheet pass incom statement offset item expens financ repay expect credit directli sharehold interest inappropri recognis govern grant incom statement earn repres incent provid govern relat cost argument support incom approach govern grant receipt sourc sharehold credit directli sharehold interest recognis incom period govern grant rare gratuit enterpris earn complianc condit meet envisag oblig recognis incom match cost grant intend compens incom tax charg incom logic deal govern grant extens fiscal polici incom statement fundament incom approach govern grant recognis incom systemat ration basi period match relat cost incom recognit govern grant receipt basi accord accrual account assumpt ia present financi statement accept basi exist alloc grant period receiv case period enterpris recognis cost expens relat govern grant readili ascertain grant recognit specif expens recognis incom period relev expens similarli grant relat depreci asset recognis incom period proport depreci asset charg grant relat depreci asset requir fulfil oblig recognis incom period bear cost meet oblig grant land condit erect build site recognis incom life build grant receiv part packag financi fiscal aid number condit attach case care need identifi condit give rise cost expens determin period grant earn alloc part grant basi part govern grant receiv compens expens loss incur purpos give financi support enterpris futur relat cost recognis incom period receiv extraordinari item ia net profit loss period fundament error account polici circumst govern grant award purpos give financi support enterpris incent undertak specif expenditur grant confin individu enterpris class beneficiari circumst warrant recognis grant incom period enterpris qualifi receiv extraordinari item disclosur ensur effect understood govern grant receiv enterpris compens expens loss incur previou account period grant recognis incom period receiv extraordinari item disclosur ensur effect understood monetari govern grant govern grant form transfer monetari asset land resourc enterpris circumst usual assess fair monetari asset account grant asset fair altern record asset grant nomin amount present grant relat asset govern grant relat asset includ monetari grant fair present balanc sheet set grant defer incom deduct grant arriv carri amount asset method present financi statement grant portion grant relat asset regard accept altern method set grant defer incom recognis incom systemat ration basi life asset method deduct grant arriv carri amount asset grant recognis incom life depreci asset reduc depreci charg purchas asset receipt relat grant major movement cash flow enterpris reason order show gross invest asset movement disclos separ item cash flow statement grant deduct relat asset purpos balanc sheet present present grant relat incom grant relat incom present credit incom statement separ gener head quot incom quot altern deduct report relat expens support method claim inappropri net incom expens item separ grant expens facilit comparison expens affect grant method argu expens incur enterpris grant present expens offset grant mislead method regard accept present grant relat incom disclosur grant proper understand financi statement disclosur effect grant item incom expens requir separ disclos repay govern grant govern grant repay account revis account estim ia net profit loss period fundament error account polici repay grant relat incom appli unamortis defer credit set respect grant extent repay exce defer credit defer credit exist repay recognis immedi expens repay grant relat asset record increas carri amount asset reduc defer incom balanc amount repay cumul addit depreci recognis date expens absenc grant recognis immedi expens circumst give rise repay grant relat asset requir consider impair carri amount asset govern assist exclud definit govern grant paragraph form govern assist transact govern distinguish normal trade transact enterpris exampl assist free technic market advic provis guarante assist distinguish normal trade transact enterpris govern procur polici respons portion enterpris sale exist benefit unquest attempt segreg trade activ govern assist arbitrari signific benefit exampl disclosur natur extent durat assist order financi statement mislead loan nil low interest rate form govern assist benefit quantifi imput interest standard govern assist includ provis infrastructur improv gener transport commun network suppli improv facil irrig water reticul ongo indetermin basi benefit entir local commun disclosur matter disclos account polici adopt govern grant includ method present adopt financi statement natur extent govern grant recognis financi statement indic form govern assist enterpris directli benefit unfulfil condit conting attach govern assist recognis transit provis enterpris adopt standard time compli disclosur requir adjust financi statement chang account polici accord ia net profit loss period fundament error account polici ii appli account provis standard grant portion grant receiv repay effect date standard effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis effect foreign exchang rate revis intern account standard supersed ia account effect foreign exchang rate effect financi statement cover period begin januari ia deal hedg account foreign currenc item item hedg net invest foreign entiti ia financi instrument recognit measur deal topic paragraph ia amend refer ia financi instrument recognit measur paragraph amend replac refer ia conting event occur balanc sheet date refer ia revis event balanc sheet date sic interpret relat ia sic introduct euro sic foreign exchang capitalis loss result sever currenc devalu sic report currenc measur present financi statement ia ia sic report currenc translat measur currenc present currenc content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object enterpris carri foreign activ wai transact foreign currenc foreign oper order includ foreign currenc transact foreign oper financi statement enterpris transact express enterpris report currenc financi statement foreign oper translat enterpris report currenc princip issu account foreign currenc transact foreign oper decid exchang rate recognis financi statement financi effect exchang rate scope standard appli account transact foreign currenc translat financi statement foreign oper includ financi statement enterpris consolid proportion consolid equiti method standard deal hedg account foreign currenc item classif exchang differ aris foreign currenc liabil account hedg net invest foreign entiti aspect hedg account includ criteria hedg account dealt ia financi instrument recognit measur standard supersed ia account effect foreign exchang rate approv standard currenc enterpris present financi statement enterpris currenc countri domicil currenc standard requir disclosur reason currenc standard requir disclosur reason chang report currenc standard deal restat enterpris financi statement report currenc currenc conveni user accustom currenc similar purpos standard deal present cash flow statement cash flow aris transact foreign currenc translat cash flow foreign oper ia cash flow statement definit term standard mean foreign oper subsidiari associ joint ventur branch report enterpris activ base conduct countri countri report enterpris foreign entiti foreign oper activ integr part report enterpris report currenc currenc present financi statement foreign currenc currenc report currenc enterpris exchang rate ratio exchang currenc exchang differ differ result report number unit foreign currenc report currenc exchang rate close rate spot exchang rate balanc sheet date net invest foreign entiti report enterpris share net asset entiti monetari item monei held asset liabil receiv paid fix determin amount monei fair amount asset exchang liabil settl knowledg parti arm length transact foreign currenc transact initi recognit foreign currenc transact transact denomin requir settlement foreign currenc includ transact aris enterpris bui sell good servic price denomin foreign currenc borrow lend fund amount payabl receiv denomin foreign currenc parti unperform foreign exchang contract acquir dispos asset incur settl liabil denomin foreign currenc foreign currenc transact record initi recognit report currenc appli foreign currenc amount exchang rate report currenc foreign currenc date transact exchang rate date transact refer spot rate practic reason rate approxim actual rate date transact averag rate week month transact foreign currenc occur period exchang rate fluctuat significantli averag rate period unreli report subsequ balanc sheet date balanc sheet date foreign currenc monetari item report close rate monetari item carri term histor cost denomin foreign currenc report exchang rate date transact monetari item carri fair denomin foreign currenc report exchang rate exist valu determin carri amount item determin accord relev intern account standard financi instrument properti plant equip measur fair histor cost carri amount determin base histor cost fair amount determin foreign currenc item report report currenc accord standard recognit exchang differ paragraph set account treatment requir standard respect exchang differ foreign currenc transact paragraph includ benchmark treatment exchang differ result sever devalu depreci currenc practic mean hedg affect liabil settl aris directli recent acquisit asset invoic foreign currenc allow altern treatment exchang differ set paragraph standard deal hedg account foreign currenc item classif exchang differ aris foreign currenc liabil account hedg net invest foreign entiti aspect hedg account includ criteria hedg account dealt ia financi instrument recognit measur exchang differ aris settlement monetari item report enterpris monetari item rate initi record period report previou financi statement recognis incom expens period aris except exchang differ dealt accord paragraph exchang differ result chang exchang rate transact date date settlement monetari item aris foreign currenc transact transact settl account period occur exchang differ recognis period transact settl subsequ account period exchang differ recognis interven period period settlement determin chang exchang rate period net invest foreign entiti exchang differ aris monetari item substanc form part enterpris net invest foreign entiti classifi equiti enterpris financi statement dispos net invest time recognis incom expens accord paragraph enterpris monetari item receiv payabl foreign entiti item settlement plan occur forese futur substanc extens deduct enterpris net invest foreign entiti monetari item includ long term receiv loan includ trade receiv trade payabl exchang differ aris foreign currenc liabil account hedg enterpris net invest foreign entiti classifi equiti enterpris financi statement dispos net invest time recognis incom expens accord paragraph allow altern treatment benchmark treatment exchang differ dealt paragraph set paragraph exchang differ result sever devalu depreci currenc practic mean hedg affect liabil settl aris directli recent acquisit asset invoic foreign currenc exchang differ includ carri amount relat asset provid adjust carri amount exce lower replac cost amount recover sale asset exchang differ includ carri amount asset enterpris settl hedg foreign currenc liabil aris acquisit asset exchang loss part directli attribut cost asset liabil settl practic mean hedg result exchang control delai obtain foreign currenc allow altern treatment cost asset invoic foreign currenc regard amount report currenc enterpris ultim pai settl liabil aris directli recent acquisit asset financi statement foreign oper classif foreign oper method translat financi statement foreign oper depend financ oper relat report enterpris purpos foreign oper classifi quot foreign oper integr oper report enterpris quot quot foreign entiti quot foreign oper integr oper report enterpris carri busi extens report enterpris oper foreign oper sell good import report enterpris remit proce report enterpris case chang exchang rate report currenc currenc countri foreign oper effect report enterpris cash flow oper chang exchang rate affect individu monetari item held foreign oper report enterpris net invest oper contrast foreign entiti accumul cash monetari item incur expens gener incom arrang borrow substanti local currenc enter transact foreign currenc includ transact report currenc chang exchang rate report currenc local currenc direct effect present futur cash flow oper foreign entiti report enterpris chang exchang rate affect report enterpris net invest foreign entiti individu monetari monetari item held foreign entiti indic foreign oper foreign entiti foreign oper integr oper report enterpris report enterpris control foreign oper activ foreign oper carri signific degre autonomi report enterpris transact report enterpris high proport foreign oper activ activ foreign oper financ oper local borrow report enterpris cost labour materi compon foreign oper product servic primarili paid settl local currenc report currenc foreign oper sale currenc report currenc cash flow report enterpris insul dai dai activ foreign oper directli affect activ foreign oper classif oper principl establish factual inform relat indic list case classif foreign oper foreign entiti integr oper report enterpris clear judgement determin classif foreign oper integr oper report enterpris financi statement foreign oper integr oper report enterpris translat standard procedur paragraph transact foreign oper report enterpris individu item financi statement foreign oper translat transact enter report enterpris cost depreci properti plant equip translat exchang rate date purchas asset asset carri fair rate exist date valuat cost inventori translat exchang rate exist cost incur recover amount realis asset translat exchang rate exist recover amount net realis determin net realis item inventori determin foreign currenc translat exchang rate date net realis determin rate close rate adjust requir reduc carri amount asset financi statement report enterpris recover amount net realis adjust financi statement foreign oper altern adjust financi statement foreign oper revers financi statement report enterpris practic reason rate approxim actual rate date transact averag rate week month transact foreign currenc occur period exchang rate fluctuat significantli averag rate period unreli foreign entiti translat financi statement foreign entiti incorpor financi statement report enterpris procedur asset liabil monetari monetari foreign entiti translat close rate incom expens item foreign entiti translat exchang rate date transact foreign entiti report currenc hyperinflationari economi case incom expens item translat close rate result exchang differ classifi equiti dispos net invest practic reason rate approxim actual exchang rate averag rate period translat incom expens item foreign oper translat financi statement foreign entiti result recognit exchang differ aris translat incom expens item exchang rate date transact asset liabil close rate translat open net invest foreign entiti exchang rate previous report equiti foreign entiti exchang differ recognis incom expens period exchang rate direct effect present futur cash flow oper foreign entiti report enterpris foreign entiti consolid wholli own accumul exchang differ aris translat attribut minor interest alloc report part minor interest consolid balanc sheet goodwil aris acquisit foreign entiti fair adjust carri amount asset liabil aris acquisit foreign entiti treat asset liabil foreign entiti translat close rate accord paragraph asset liabil report entiti express report currenc monetari foreign currenc item report exchang rate date transact accord paragraph incorpor financi statement foreign entiti report enterpris normal consolid procedur elimin intra group balanc intra group transact subsidiari intern account standard ia consolid financi statement account invest subsidiari ia financi report interest joint ventur exchang differ aris intra group monetari item short term long term elimin amount aris intra group balanc monetari item repres commit convert currenc expos report enterpris gain loss currenc fluctuat consolid financi statement report enterpris exchang differ continu recognis incom expens aris circumst paragraph classifi equiti dispos net invest financi statement foreign entiti drawn report date report enterpris foreign entiti prepar purpos incorpor financi statement report enterpris statement date report enterpris impractic ia consolid financi statement account invest subsidiari financi statement drawn report date provid differ greater month case asset liabil foreign entiti translat exchang rate balanc sheet date foreign entiti adjust made signific movement exchang rate balanc sheet date report enterpris accord ia consolid financi statement account invest subsidiari ia account invest associ financi statement foreign entiti report currenc hyperinflationari economi restat accord ia financi report hyperinflationari economi translat report currenc report enterpris economi ceas hyperinflationari foreign entiti discontinu prepar present financi statement prepar accord ia financi report hyperinflationari economi amount express measur unit current date discontinu histor cost translat report currenc report enterpris dispos foreign entiti dispos foreign entiti cumul amount exchang differ defer relat foreign entiti recognis incom expens period gain loss dispos recognis enterpris dispos interest foreign entiti sale liquid repay share capit abandon part entiti payment dividend form part dispos constitut return invest case partial dispos proportion share relat accumul exchang differ includ gain loss write carri amount foreign entiti constitut partial dispos part defer foreign exchang gain loss recognis time write chang classif foreign oper chang classif foreign oper translat procedur applic revis classif appli date chang classif chang foreign oper financ oper relat report enterpris lead chang classif foreign oper foreign oper integr oper report enterpris reclassifi foreign entiti exchang differ aris translat monetari asset date reclassif classifi equiti foreign entiti reclassifi foreign oper integr oper report enterpris translat amount monetari item date chang treat histor cost item period chang subsequ period exchang differ defer recognis incom expens dispos oper foreign exchang rate tax effect exchang differ gain loss foreign currenc transact exchang differ aris translat financi statement foreign oper tax effect account accord ia incom tax disclosur enterpris disclos amount exchang differ includ net profit loss period net exchang differ classifi equiti separ compon equiti reconcili amount exchang differ begin end period amount exchang differ aris period includ carri amount asset accord allow altern treatment paragraph report currenc currenc countri enterpris domicil reason currenc disclos reason chang report currenc disclos chang classif signific foreign oper enterpris disclos natur chang classif reason chang impact chang classif sharehold equiti impact net profit loss prior period present chang classif occur begin earliest period present enterpris disclos method select accord paragraph translat goodwil fair adjust aris acquisit foreign entiti enterpris disclos effect foreign currenc monetari item financi statement foreign oper chang exchang rate occur balanc sheet date chang import disclosur affect abil user financi statement make proper evalu decis ia event balanc sheet date disclosur encourag enterpris foreign currenc risk manag polici transit provis occas enterpris appli standard enterpris amount determin classifi separ disclos cumul balanc begin period exchang differ defer classifi equiti previou period effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis busi combin ia account busi combin approv novemb decemb ia revis part project compar improv financi statement ia busi combin ia revis octob paragraph ia paragraph standard revis consist ia revis incom tax revis oper annual financi statement cover period begin januari juli paragraph ia revis consist ia impair asset ia provis conting liabil conting asset ia intang asset treatment neg goodwil revis revis standard ia revis oper annual financi statement cover period begin juli octob iasc staff publish separ quot basi conclus ia intang asset ia revis quot portion basi conclus refer revis made ia includ appendix paragraph amend replac refer ia conting event occur balanc sheet date refer ia revis event balanc sheet date addit paragraph amend consist ia revis amend text effect annual financi statement cover period begin januari sic interpret relat ia sic busi combin classif acquisit unit interest sic busi combin subsequ adjust fair valu goodwil initi report sic busi combin quot date exchang quot fair equiti instrument content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment busi combin standard cover acquisit enterpris rare situat unit interest acquir identifi account acquisit involv determin cost acquisit alloc cost identifi asset liabil enterpris acquir account result goodwil neg goodwil acquisit subsequ account issu includ determin minor interest amount account acquisit occur period time subsequ cost acquisit identif asset liabil disclosur requir scope standard appli account busi combin busi combin structur varieti wai determin legal taxat reason involv purchas enterpris equiti enterpris purchas net asset busi enterpris effect issu share transfer cash cash equival asset transact sharehold combin enterpris enterpris sharehold enterpris busi combin involv establish enterpris control combin enterpris transfer net asset combin enterpris enterpris dissolut combin enterpris substanc transact consist definit busi combin standard account disclosur requir contain standard irrespect structur adopt combin busi combin result parent subsidiari relationship acquir parent acquire subsidiari acquir circumst acquir appli standard consolid financi statement includ interest acquire separ financi statement invest subsidiari ia consolid financi statement account invest subsidiari busi combin involv purchas net asset includ goodwil enterpris purchas share enterpris busi combin result parent subsidiari relationship circumst acquir appli standard separ financi statement consolid financi statement busi combin give rise legal merger requir legal merger differ countri legal merger merger compani asset liabil compani transfer compani compani dissolv asset liabil compani transfer compani origin compani dissolv legal merger aris part restructur reorganis group dealt standard transact enterpris common control busi combin result compani member group dealt acquisit unit interest consolid financi statement requir standard standard deal separ financi statement parent circumst paragraph separ financi statement prepar report practic countri order meet varieti standard deal transact enterpris common control interest joint ventur ia financi report interest joint ventur financi statement joint ventur definit term standard mean busi combin bring separ enterpris econom entiti result enterpris unit obtain control net asset oper enterpris acquisit busi combin enterpris acquir obtain control net asset oper enterpris acquire exchang transfer asset incurr liabil issu equiti unit interest busi combin sharehold combin enterpris combin control effect net asset oper achiev continu mutual share risk benefit attach combin entiti parti identifi acquir control power govern financi oper polici enterpris obtain benefit activ parent enterpris subsidiari subsidiari enterpris control enterpris parent minor interest part net result oper net asset subsidiari attribut interest own directli indirectli subsidiari parent fair amount asset exchang liabil settl knowledg parti arm length transact monetari asset monei held asset receiv fix determin amount monei date acquisit date control net asset oper acquire effect transfer acquir natur busi combin account busi combin acquisit substanc unit interest substanc transact reflect financi statement account method prescrib acquisit virtual busi combin combin enterpris obtain control combin enterpris enabl acquir identifi control presum obtain combin enterpris acquir half vote right combin enterpris except circumst demonstr ownership constitut control combin enterpris acquir half vote right combin enterpris identifi acquir combin enterpris result busi combin acquir power half vote right enterpris virtu agreement investor power govern financi oper polici enterpris statut agreement power appoint remov major member board director equival govern bodi enterpris power cast major vote meet board director equival govern bodi enterpris difficult identifi acquir indic exist fair enterpris significantli greater combin enterpris case larger enterpris acquir busi combin effect exchang vote common share cash case enterpris give cash acquir busi combin result manag enterpris domin select manag team result combin enterpris case domin enterpris acquir revers acquisit occasion enterpris obtain ownership share enterpris part exchang transact issu vote share consider control combin enterpris pass owner enterpris share acquir situat revers acquisit legal enterpris issu share regard parent continu enterpris enterpris sharehold control combin enterpris acquir enjoi vote power identifi paragraph enterpris issu share deem acquir enterpris enterpris deem acquir appli purchas method asset liabil enterpris issu share unit interest except circumst identifi acquir domin parti emerg sharehold combin enterpris join substanti equal arrang share control effect net asset oper addit manag combin enterpris particip manag combin entiti result sharehold combin enterpris share mutual risk benefit combin entiti busi combin account unit interest mutual share risk benefit substanti equal exchang vote common share combin enterpris exchang ensur rel ownership interest combin enterpris rel risk benefit combin enterpris maintain decis make power parti preserv substanti equal share exchang effect regard signific reduct right attach share combin enterpris influenc parti weaken order achiev mutual share risk benefit combin entiti substanti major vote common share combin enterpris exchang pool fair enterpris significantli enterpris sharehold enterpris maintain substanti vote right interest combin entiti rel combin mutual share risk benefit combin entiti diminish likelihood acquir identifi increas rel equal fair valu combin enterpris reduc percentag vote common share exchang decreas financi arrang provid rel advantag group sharehold sharehold arrang effect prior busi combin parti share equiti combin entiti depend busi previous control perform subsequ busi combin acquisit account acquisit busi combin acquisit account purchas method account set standard contain paragraph purchas method result acquisit enterpris account similarli purchas asset acquisit involv transact asset transfer liabil incur capit issu exchang control net asset oper enterpris purchas method cost basi record acquisit reli exchang transact underli acquisit determin cost date acquisit date acquisit acquir incorpor incom statement result oper acquire recognis balanc sheet identifi asset liabil acquire goodwil neg goodwil aris acquisit date acquisit date control net asset oper acquire effect transfer acquir date applic purchas method commenc result oper acquir busi includ financi statement acquir date acquisit date control acquire effect transfer acquir substanc date acquisit date acquir power govern financi oper polici enterpris obtain benefit activ control deem transfer acquir condit protect interest parti involv satisfi necessit transact close finalis law control effect pass acquir assess control effect transfer substanc acquisit consid cost acquisit acquisit account cost amount cash cash equival paid fair date exchang purchas consider acquir exchang control net asset enterpris cost directli attribut acquisit acquisit involv exchang transact cost acquisit aggreg cost individu transact acquisit achiev stage distinct date acquisit date exchang transact import account acquisit commenc date acquisit cost fair inform determin date exchang transact monetari asset liabil incur measur fair valu date exchang transact settlement purchas consider defer cost acquisit present consider take account premium discount incur settlement nomin payabl determin cost acquisit market secur issu acquir measur fair market price date exchang transact provid undu fluctuat narrow market make market price unreli indic market price date reliabl indic price movement reason period announc term acquisit consid market unreli quotat exist fair secur issu acquir estim refer proport interest fair acquir enterpris refer proport interest fair enterpris acquir whichev evid purchas consider paid cash sharehold acquire altern secur provid evid total fair aspect acquisit includ signific factor influenc negoti consid independ valuat aid determin fair secur issu addit purchas consider acquir incur direct cost relat acquisit includ cost regist issu equiti secur profession fee paid account legal advis valuer consult effect acquisit gener administr cost includ cost maintain acquisit depart cost directli attribut acquisit account includ cost acquisit recognis expens incur recognit identifi asset liabil identifi asset liabil acquir recognis paragraph acquire exist date acquisit liabil recognis paragraph recognis separ date acquisit probabl futur econom benefit flow resourc embodi econom benefit flow acquir reliabl measur cost fair asset liabil recognis paragraph standard identifi asset liabil extent asset liabil purchas satisfi recognit criteria result impact amount goodwil neg goodwil aris acquisit goodwil neg goodwil determin residu cost acquisit recognis identifi asset liabil identifi asset liabil acquir obtain control includ asset liabil previous recognis financi statement acquire qualifi recognit prior acquisit case tax benefit aris tax loss acquire qualifi recognit identifi asset result acquir earn suffici taxabl incom subject paragraph liabil recognis date acquisit result acquir intent action liabil recognis futur loss cost expect incur result acquisit relat acquir acquire liabil refer paragraph liabil acquire date acquisit relev alloc cost acquisit standard specif except gener principl except appli acquir develop plan relat acquire busi oblig exist direct consequ acquisit plan integr part acquir plan acquisit standard requir enterpris recognis provis result cost paragraph purpos standard identifi asset liabil acquir includ provis recognis paragraph paragraph lai strict condit design ensur plan integr part acquisit short time earlier month date acquisit date financi statement authoris issu acquir develop plan requir enterpris recognis restructur provis ia provis conting liabil conting asset standard requir enterpris revers provis plan implement manner expect time origin expect paragraph disclos inform provis paragraph date acquisit acquir recognis provis liabil acquire date acquir date acquisit develop main featur plan involv termin reduc activ acquire relat compens employe acquire termin employ ii close facil acquire iii elimin product line acquire iv termin contract acquire oner acquir commun parti date acquisit contract termin announc main featur plan date acquisit rais valid expect affect plan implement plan earlier month date acquisit date annual financi statement authoris issu develop main featur detail formal plan identifi busi part busi concern ii princip locat affect iii locat function approxim number employe compens termin servic iv expenditur undertaken plan implement provis recognis paragraph cover cost item list iv alloc cost acquisit benchmark treatment identifi asset liabil recognis paragraph measur aggreg fair identifi asset liabil acquir date exchang transact extent acquir interest obtain exchang transact minor proport pre acquisit carri amount identifi asset liabil subsidiari goodwil neg goodwil account standard cost acquisit alloc identifi asset liabil recognis paragraph refer fair valu date exchang transact cost acquisit relat percentag identifi asset liabil purchas acquir acquir purchas share enterpris result minor interest state minor proport pre acquisit carri amount net identifi asset subsidiari minor proport part exchang transact effect acquisit allow altern treatment identifi asset liabil recognis paragraph measur fair valu date acquisit goodwil neg goodwil account standard minor interest state minor proport fair valu identifi asset liabil recognis paragraph approach net identifi asset acquir obtain control state fair valu acquir acquir capit enterpris acquir asset directli minor interest state minor proport fair valu net identifi asset subsidiari success share purchas acquisit involv exchang transact achiev stage success purchas stock exchang occur signific transact treat separ purpos determin fair valu identifi asset liabil acquir determin amount goodwil neg goodwil transact result step step comparison cost individu invest acquir percentag interest fair valu identifi asset liabil acquir signific step acquisit achiev success purchas fair valu identifi asset liabil vari date exchang transact identifi asset liabil relat acquisit restat fair valu time success purchas adjust relat previous held interest acquir revalu account prior qualifi acquisit transact qualifi invest associ account equiti method ia account invest associ determin fair valu identifi asset liabil acquir recognit goodwil neg goodwil occur notion date equiti method appli invest qualifi previous associ fair valu identifi asset liabil determin date signific step goodwil neg goodwil recognis date acquisit determin fair valu identifi asset liabil acquir gener guidelin arriv fair valu identifi asset liabil acquir market secur current market valu market secur estim valu consider featur price earn ratio dividend yield expect growth rate compar secur enterpris similar characterist receiv present valu amount receiv determin current interest rate allow uncollect collect cost discount requir short term receiv differ nomin amount receiv discount amount materi inventori finish good merchandis sell price sum cost dispos reason profit allow sell effort acquir base profit similar finish good merchandis ii work progress sell price finish good sum cost complet cost dispos reason profit allow complet sell effort base profit similar finish good iii raw materi current replac cost land build market plant equip market determin apprais evid market specialis natur plant equip item rare sold part continu busi valu depreci replac cost intang asset defin ia intang asset fair determin refer activ market defin ia ii activ market exist basi reflect amount enterpris paid asset arm length transact knowledg parti base inform ia guidanc determin fair intang asset acquir busi combin net employe benefit asset liabil defin benefit plan present defin benefit oblig fair plan asset asset recognis extent probabl enterpris form refund plan reduct futur contribut tax asset liabil amount tax benefit aris tax loss tax payabl respect net profit loss assess perspect combin entiti group result acquisit tax asset liabil determin allow tax effect restat identifi asset liabil fair valu discount tax asset includ defer tax asset acquir recognis prior busi combin consequ busi combin satisfi recognit criteria ia incom tax account note payabl long term debt liabil accrual claim payabl present valu amount disburs meet liabil determin current interest rate discount requir short term liabil differ nomin amount liabil discount amount materi oner contract identifi liabil acquire present valu amount disburs meet oblig determin current interest rate provis termin reduc activ acquire recognis paragraph amount determin ia provis conting liabil conting asset guidelin assum fair valu determin discount guidelin refer discount discount determin fair valu identifi asset liabil fair intang asset measur refer activ market defin ia intang asset amount recognis intang asset date acquisit limit amount creat increas neg goodwil aris acquisit paragraph goodwil aris acquisit recognit measur excess cost acquisit acquir interest fair identifi asset liabil acquir date exchang transact goodwil recognis asset goodwil aris acquisit repres payment made acquir anticip futur econom benefit futur econom benefit result synergi identifi asset acquir asset individu qualifi recognit financi statement acquir prepar make payment acquisit goodwil carri cost accumul amortis accumul impair loss amortis goodwil amortis systemat basi life amortis period reflect estim period futur econom benefit expect flow enterpris rebutt presumpt life goodwil exce year initi recognit amortis method reflect pattern futur econom benefit aris goodwil expect consum straight line method adopt persuas evid method circumst amortis period recognis expens passag time goodwil diminish reflect fact servic potenti decreas case goodwil decreas time potenti econom benefit purchas initi progress replac potenti econom benefit result subsequ enhanc goodwil word goodwil purchas replac intern gener goodwil ia intang asset prohibit recognit intern gener goodwil asset goodwil amortis systemat basi estim life factor consid estim life goodwil includ natur forese life acquir busi stabil forese life industri goodwil relat public inform characterist goodwil similar busi industri typic lifecycl similar busi effect product obsolesc demand econom factor acquir busi servic life expect kei individu group employe acquir busi effici manag manag team level mainten expenditur fund requir obtain expect futur econom benefit acquir busi compani abil intent reach level expect action competitor potenti competitor period control acquir busi legal regulatori contractu provis affect life goodwil repres thing futur econom benefit synergi asset recognis separ difficult estim life estim life reliabl length life increas presumpt standard goodwil life excess year initi recognit rare case persuas evid life goodwil specif period longer year exampl difficult find occur goodwil relat identifi asset group identifi asset expect benefit acquir life identifi asset group asset case presumpt life goodwil exce year rebut enterpris amortis goodwil estim life estim recover amount goodwil annual identifi impair loss paragraph disclos reason presumpt rebut factor plai signific role determin life goodwil paragraph life goodwil finit uncertainti justifi estim life goodwil prudent basi justifi estim life unrealist short rare persuas evid support amortis method goodwil straight line basi method result lower amount accumul amortis straight line method amortis method appli consist period period chang expect pattern econom benefit goodwil account acquisit circumst goodwil acquisit reflect futur econom benefit expect flow acquir negoti purchas consider declin expect futur cash flow net identifi asset acquir case enterpris test goodwil impair ia impair asset account impair loss amortis period amortis method review financi year end expect life goodwil significantli previou estim amortis period chang signific chang expect pattern econom benefit goodwil method chang reflect chang pattern account account estim ia net profit loss period fundament error account polici adjust amortis charg current futur period recover carri amount impair loss determin goodwil impair enterpris appli ia impair asset ia explain enterpris review carri amount asset determin recover amount asset recognis revers impair loss addit requir includ ia impair asset enterpris financi year end estim accord ia recover amount goodwil amortis period exceed year initi recognit indic impair difficult identifi goodwil impair long life consequ standard requir minimum annual calcul recover amount goodwil life exce year initi recognit requir annual impair test goodwil appli current total estim life goodwil exce year initi recognit life goodwil estim year initi recognit estim life subsequ extend exce year goodwil initi recognis enterpris perform impair test requir paragraph disclosur requir paragraph neg goodwil aris acquisit recognit measur excess date exchang transact acquir interest fair valu identifi asset liabil acquir cost acquisit recognis neg goodwil exist neg goodwil identifi asset overst identifi liabil omit underst import ensur case neg goodwil recognis extent neg goodwil relat expect futur loss expens identifi acquir plan acquisit measur reliabl repres identifi liabil date acquisit paragraph portion neg goodwil recognis incom incom statement futur loss expens recognis identifi futur loss expens recognis expect period neg goodwil treat paragraph extent neg goodwil relat identifi expect futur loss expens measur reliabl date acquisit neg goodwil recognis incom incom statement amount neg goodwil exceed fair valu acquir identifi monetari asset recognis incom systemat basi remain weight averag life identifi acquir depreci amortis asset amount neg goodwil excess fair valu acquir identifi monetari asset recognis incom immedi extent neg goodwil relat expect futur loss expens identifi acquir plan acquisit measur reliabl neg goodwil gain recognis incom futur econom benefit embodi identifi depreci amortis asset acquir consum case monetari asset gain recognis incom immedi present neg goodwil present deduct asset report enterpris balanc sheet classif goodwil adjust purchas consider conting futur event acquisit agreement adjust purchas consider conting futur event amount adjust includ cost acquisit date acquisit adjust probabl amount measur reliabl acquisit agreement adjust made purchas consider light futur event adjust conting level earn maintain achiev futur period market price secur issu part purchas consider maintain initi account acquisit estim amount adjust purchas consider uncertainti exist impair reliabl inform futur event occur estim revis cost acquisit adjust consequenti effect goodwil neg goodwil case subsequ cost acquisit cost acquisit adjust conting affect amount purchas consider resolv subsequ date acquisit payment amount probabl reliabl estim amount made term acquisit provid adjust purchas consider result acquire oper exce fall short agre level acquisit adjust subsequ probabl reliabl estim made amount acquir treat addit consider adjust cost acquisit consequenti effect goodwil neg goodwil case circumst acquir requir make subsequ payment seller compens reduct purchas consider case acquir guarante market price secur debt issu consider make issu secur debt purpos restor origin determin cost acquisit case increas cost acquisit adjust goodwil neg goodwil increas secur debt issu repres reduct premium increas discount initi issu subsequ identif identifi asset liabil identifi asset liabil acquir satisfi criteria paragraph separ recognit acquisit initi account recognis subsequ satisfi criteria carri amount identifi asset liabil acquir adjust subsequ acquisit addit evid assist estim amount assign identifi asset liabil acquisit initi account amount assign goodwil neg goodwil adjust extent adjust increas carri amount goodwil recover amount defin ia impair asset adjust made end annual account period commenc acquisit recognit identifi liabil paragraph timefram paragraph appli adjust identifi asset liabil recognis incom expens identifi asset liabil acquire recognis time acquisit meet recognit criteria identifi asset liabil acquir unawar exist similarli fair valu assign date acquisit identifi asset liabil acquir adjust addit evid assist estim identifi asset liabil date acquisit identifi asset liabil recognis carri amount adjust end annual account period exclud interim period commenc acquisit incom expens recognis adjust goodwil neg goodwil timelimit arbitrari length prevent goodwil neg goodwil reassess adjust indefinit paragraph carri amount goodwil neg goodwil adjust impair loss end annual account period commenc acquisit identifi asset acquir impair loss relat specif event circumst occur date acquisit subsequ acquisit prior end annual account period commenc acquisit acquir awar exist liabil exist date acquisit impair loss relat specif event circumst occur date acquisit goodwil increas recover amount determin ia provis termin reduc activ acquire recognis paragraph provis revers outflow econom benefit longer probabl detail formal plan implement manner set detail formal plan ii time establish detail formal plan revers reflect adjust goodwil neg goodwil minor interest incom expens recognis respect adjust amount goodwil amortis prospect remain life adjust amount neg goodwil dealt paragraph subsequ adjust respect provis recognis paragraph detail formal plan requir identifi expenditur undertaken expenditur occur expect period longer expect occur adjust provis termin reduc activ acquire adjust amount goodwil neg goodwil minor interest subsequ oblig requir recognis ia provis conting liabil conting asset enterpris recognis expens unit interest account unit interest unit interest account pool interest method set paragraph appli pool interest method financi statement item combin enterpris period combin occur compar period disclos includ financi statement combin enterpris combin begin earliest period present financi statement enterpris incorpor unit interest enterpris parti date unit interest date recent balanc sheet includ financi statement differ amount record share capit issu addit consider form cash asset amount record share capit acquir adjust equiti substanc unit interest acquisit occur continu mutual share risk benefit exist prior busi combin pool interest method recognis account combin enterpris separ busi continu jointli own manag minim made aggreg individu financi statement unit interest result singl combin entiti singl uniform set account polici adopt entiti combin entiti recognis asset liabil equiti combin enterpris exist carri amount adjust result conform combin enterpris account polici appli polici period present recognit goodwil neg goodwil similarli effect transact combin enterpris occur unit interest elimin prepar financi statement combin entiti expenditur incur relat unit interest recognis expens period incur expenditur incur relat unit interest includ registr fee cost furnish inform sharehold finder consult fee salari expens relat servic employe involv achiev busi combin includ cost loss incur combin oper previous separ busi busi combin tax incom countri account treatment busi combin differ appli respect incom tax law result defer tax liabil defer tax asset recognis ia incom tax potenti benefit incom tax loss carryforward defer tax asset acquir enterpris recognis identifi asset acquir date acquisit subsequ realis occur acquir recognis benefit incom ia incom tax addit acquir adjust gross carri amount goodwil relat accumul amortis amount record defer tax asset recognis identifi asset date busi combin recognis reduct net carri amount goodwil expens procedur creat neg goodwil increas carri amount neg goodwil disclosur busi combin disclosur made financi statement period combin place name descript combin enterpris method account combin effect date combin account purpos oper result busi combin enterpris decid dispos busi combin acquisit addit disclosur made financi statement period acquisit place percentag vote share acquir cost acquisit descript purchas consider paid conting payabl goodwil financi statement disclos amortis period adopt goodwil amortis year reason presumpt life goodwil exce year initi recognit rebut give reason enterpris describ factor plai signific role determin life goodwil goodwil amortis straight line basi basi reason basi straight line basi line item incom statement amortis goodwil includ reconcili carri amount goodwil begin end period show gross amount accumul amortis aggreg accumul impair loss begin period ii addit goodwil recognis period iii adjust result subsequ identif identifi asset liabil iv goodwil derecognis dispos part busi relat period amortis recognis period vi impair loss recognis period ia impair asset vii impair loss revers period ia viii carri amount period ix gross amount accumul amortis aggreg accumul impair loss end period compar inform requir enterpris describ factor plai signific role determin life goodwil amortis year enterpris consid list factor paragraph enterpris disclos inform impair goodwil ia addit inform requir paragraph vi vii neg goodwil financi statement disclos extent neg goodwil treat paragraph descript amount time expect futur loss expens period neg goodwil recognis incom line item incom statement neg goodwil recognis incom reconcili carri amount neg goodwil begin end period show gross amount neg goodwil accumul amount neg goodwil recognis incom begin period ii addit neg goodwil recognis period iii adjust result subsequ identif identifi asset liabil iv neg goodwil derecognis dispos part busi relat period neg goodwil recognis incom period show separ portion neg goodwil recognis incom paragraph vi carri amount period vii gross amount neg goodwil accumul amount neg goodwil recognis incom end period compar inform requir disclosur requir ia provis conting liabil conting asset appli provis recognis paragraph termin reduc activ acquire provis treat separ class provis purpos disclosur ia addit aggreg carri amount provis disclos individu busi combin acquisit fair valu identifi asset liabil purchas consider determin provision basi end period acquisit place state reason subsequ adjust provision fair valu adjust disclos explain financi statement period concern busi combin unit interest addit disclosur made financi statement period unit interest place descript number share issu percentag enterpris vote share exchang effect unit interest amount asset liabil contribut enterpris sale revenu oper revenu extraordinari item net profit loss enterpris prior date combin includ net profit loss shown combin enterpris financi statement gener disclosur requir made consolid financi statement contain ia consolid financi statement account invest subsidiari busi combin effect balanc sheet date inform requir paragraph disclos impractic disclos inform fact disclos busi combin effect balanc sheet date date financi statement combin enterpris authoris issu disclos import disclosur affect abil user financi statement make proper evalu decis ia event balanc sheet date circumst effect combin financi statement combin enterpris prepar accord concern assumpt combin enterpris occur enterpris cash flow difficulti combin enterpris access cash enterpris cash case disclosur inform financi statement enterpris cash flow difficulti relev transit provis date standard effect date adopt earlier appli set tabl case detail tabl standard appli retrospect impractic effect adopt standard effect date earlier recognis ia net profit loss period fundament error account polici adjust open balanc retain earn earliest period present ia benchmark treatment net profit loss current period ia allow altern treatment annual financi statement issu standard enterpris disclos transit provis adopt transit provis standard permit choic transit provis restat goodwil neg goodwil gt tabl gt effect date intern account standard oper annual financi statement cover period begin juli earlier applic encourag enterpris appli standard annual financi statement cover period begin juli enterpris disclos fact adopt ia impair asset ia provis conting liabil conting asset ia intang asset time standard supersed ia busi combin approv intern account standard ia revis borrow cost revis intern account standard supersed ia capitalis borrow cost approv board march revis standard effect financi statement cover period begin januari sic interpret relat ia sic consist capitalis borrow cost content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment borrow cost standard gener requir expens borrow cost standard permit allow altern treatment capitalis borrow cost directli attribut acquisit construct product qualifi asset scope standard appli account borrow cost standard supersed ia capitalis borrow cost approv standard deal actual imput cost equiti includ prefer capit classifi liabil definit term standard mean borrow cost interest cost incur enterpris connect borrow fund qualifi asset asset necessarili take substanti period time readi intend sale borrow cost includ interest bank overdraft short term long term borrow amortis discount premium relat borrow amortis ancillari cost incur connect arrang borrow financ charg respect financ leas recognis accord ia leas exchang differ aris foreign currenc borrow extent regard adjust interest cost exampl qualifi asset inventori requir substanti period time bring saleabl condit manufactur plant power gener facil invest properti invest inventori routin manufactur produc larg quantiti repetit basi short period time qualifi asset asset readi intend sale acquir qualifi asset borrow cost benchmark treatment recognit borrow cost recognis expens period incur benchmark treatment borrow cost recognis expens period incur borrow appli disclosur financi statement disclos account polici adopt borrow cost borrow cost allow altern treatment recognit borrow cost recognis expens period incur extent capitalis accord paragraph borrow cost directli attribut acquisit construct product qualifi asset capitalis part cost asset amount borrow cost elig capitalis determin accord standard allow altern treatment borrow cost directli attribut acquisit construct product asset includ cost asset borrow cost capitalis part cost asset probabl result futur econom benefit enterpris cost measur reliabl borrow cost recognis expens period incur borrow cost elig capitalis borrow cost directli attribut acquisit construct product qualifi asset borrow cost avoid expenditur qualifi asset made enterpris borrow fund specif purpos obtain qualifi asset borrow cost directli relat qualifi asset readili identifi difficult identifi direct relationship borrow qualifi asset determin borrow avoid difficulti occur financ activ enterpris coordin central difficulti aris group rang debt instrument borrow fund vari rate interest lend fund base enterpris group complic aris loan denomin link foreign currenc group oper highli inflationari economi fluctuat exchang rate result determin amount borrow cost directli attribut acquisit qualifi asset difficult exercis judgement requir extent fund borrow specif purpos obtain qualifi asset amount borrow cost elig capitalis asset determin actual borrow cost incur borrow period invest incom temporari invest borrow financ arrang qualifi asset result enterpris obtain borrow fund incur borrow cost fund expenditur qualifi asset circumst fund temporarili invest pend expenditur qualifi asset determin amount borrow cost elig capitalis period invest incom earn fund deduct borrow cost incur extent fund borrow gener purpos obtain qualifi asset amount borrow cost elig capitalis determin appli capitalis rate expenditur asset capitalis rate weight averag borrow cost applic borrow enterpris outstand period borrow made specif purpos obtain qualifi asset amount borrow cost capitalis period exce amount borrow cost incur period circumst includ borrow parent subsidiari comput weight averag borrow cost circumst subsidiari weight averag borrow cost applic borrow excess carri amount qualifi asset recover amount carri amount expect ultim cost qualifi asset exce recover amount net realis carri amount written written accord requir intern account standard circumst amount write write written back accord intern account standard commenc capitalis capitalis borrow cost part cost qualifi asset commenc expenditur asset incur borrow cost incur activ prepar asset intend sale progress expenditur qualifi asset includ expenditur result payment cash transfer asset assumpt interest bear liabil expenditur reduc progress payment receiv grant receiv connect asset ia account govern grant disclosur govern assist averag carri amount asset period includ borrow cost previous capitalis reason approxim expenditur capitalis rate appli period activ prepar asset intend sale encompass physic construct asset includ technic administr work prior commenc physic construct activ obtain permit prior commenc physic construct activ exclud hold asset product develop asset condit take place borrow cost incur land develop capitalis period activ relat develop undertaken borrow cost incur land acquir build purpos held develop activ qualifi capitalis suspens capitalis capitalis borrow cost suspend extend period activ develop interrupt borrow cost incur extend period activ prepar asset intend sale interrupt cost cost hold partial complet asset qualifi capitalis capitalis borrow cost suspend period substanti technic administr work carri capitalis borrow cost suspend temporari delai part process asset readi intend sale capitalis continu extend period need inventori matur extend period high water level delai construct bridg high water level common construct period geograph region involv cessat capitalis capitalis borrow cost ceas substanti activ prepar qualifi asset intend sale complet asset readi intend sale physic construct asset complet routin administr work continu minor modif decor properti purchas user specif outstand substanti activ complet construct qualifi asset complet part part capabl construct continu part capitalis borrow cost ceas substanti activ prepar part intend sale complet busi park compris build individu qualifi asset part capabl usabl construct continu part qualifi asset complet part industri plant involv process carri sequenc part plant site steel mill disclosur financi statement disclos account polici adopt borrow cost amount borrow cost capitalis period capitalis rate determin amount borrow cost elig capitalis transit provis adopt standard constitut chang account polici enterpris encourag adjust financi statement accord ia net profit loss period fundament error account polici altern enterpris allow altern treatment capitalis borrow cost incur effect date standard meet criteria capitalis effect date intern account standard oper financi statement cover period begin januari intern account standard ia reformat relat parti disclosur reformat intern account standard supersed standard origin approv board march present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli deal relat parti transact report enterpris relat parti requir standard appli financi statement report enterpris standard appli relat parti relationship paragraph modifi paragraph standard deal relat parti relationship enterpris directli indirectli intermediari control control common control report enterpris includ hold compani subsidiari fellow subsidiari associ ia account invest associ individu own directli indirectli interest vote power report enterpris signific influenc enterpris close member famili individu kei manag personnel person author respons plan direct control activ report enterpris includ director offic compani close member famili individu enterpris substanti interest vote power own directli indirectli person person exercis signific influenc includ enterpris own director major sharehold report enterpris enterpris member kei manag common report enterpris relat parti relationship attent direct substanc relationship legal form disclosur transact requir consolid financi statement respect intra group transact parent financi statement made publish consolid financi statement financi statement wholli own subsidiari parent incorpor countri consolid financi statement countri financi statement state control enterpris transact state control enterpris definit term standard mean relat parti parti consid relat parti abil control parti exercis signific influenc parti make financi oper decis relat parti transact transfer resourc oblig relat parti price charg control ownership directli indirectli subsidiari half vote power enterpris substanti interest vote power power direct statut agreement financi oper polici manag enterpris signific influenc purpos standard particip financi oper polici decis enterpris control polici signific influenc exercis wai represent board director particip polici make process materi intercompani transact interchang manageri personnel depend technic inform signific influenc gain share ownership statut agreement share ownership signific influenc presum accord definit contain ia account invest associ context standard deem relat parti compani simpli director common notwithstand paragraph possibl assess likelihood director affect polici compani mutual deal provid financ ii trade union iii public util iv govern depart agenc normal deal enterpris virtu deal circumscrib freedom action enterpris particip decis make process singl custom supplier franchisor distributor gener agent enterpris transact signific volum busi virtu result econom depend relat parti issu relat parti relationship normal featur commerc busi enterpris frequent carri separ part activ subsidiari enterpris acquir interest enterpris invest purpos trade reason suffici proport invest compani control exercis signific influenc financi oper decis investe relat parti relationship effect financi posit oper result report enterpris relat parti enter transact unrel parti enter transact relat parti effect amount unrel parti oper result financi posit enterpris affect relat parti relationship relat parti transact occur mere exist relationship suffici affect transact report enterpris parti subsidiari termin relat trade partner acquisit parent fellow subsidiari engag trade partner altern parti refrain act signific influenc subsidiari instruct parent engag research develop inher difficulti manag determin effect influenc lead transact disclosur effect requir standard account recognit transfer resourc base price agre parti unrel parti price arm length price relat parti degre flexibl price set process present transact unrel parti varieti method price transact relat parti determin price transact relat parti compar uncontrol price method set price refer compar good sold econom compar market buyer unrel seller good servic suppli relat parti transact condit relat thereto similar normal trade transact method determin cost financ good transfer relat parti sale independ parti resal price method reduc resal price margin repres amount seller seek cover cost make profit arriv transfer price seller problem judgement determin compens seller contribut process method transfer resourc right servic approach cost method seek add mark supplier cost difficulti experienc determin element cost attribut mark yardstick assist determin transfer price compar return similar industri turnov capit emploi price relat parti transact determin method paragraph price charg exampl free provis manag servic extens free credit debt transact place relationship exist compani sold larg proport product parent compani cost found altern custom parent compani purchas good disclosur countri law requir financi statement give disclosur categori relat parti attent focus transact director enterpris remuner borrow fiduciari natur relationship enterpris disclosur signific intercompani transact invest balanc group compani director ia consolid financi statement account invest subsidiari ia account invest associ requir disclosur list signific subsidiari associ ia net profit loss period fundament error account polici requir disclosur extraordinari item item incom expens profit loss ordinari activ size natur incid disclosur relev explain perform enterpris period exampl situat relat parti transact lead disclosur report enterpris period affect purchas sale good finish unfinish purchas sale properti asset render receiv servic agenc arrang leas arrang transfer research develop licenc agreement financ includ loan equiti contribut cash kind guarante collater manag contract relat parti relationship control exist disclos irrespect transact relat parti order reader financi statement form view effect relat parti relationship report enterpris disclos relat parti relationship control exist irrespect transact relat parti transact relat parti report enterpris disclos natur relat parti relationship type transact element transact understand financi statement element transact understand financi statement includ indic volum transact amount proport amount proport outstand item price polici item similar natur disclos aggreg separ disclosur understand effect relat parti transact financi statement report enterpris disclosur transact member group unnecessari consolid financi statement consolid financi statement present inform parent subsidiari singl report enterpris transact enterpris account equiti method elimin requir separ disclosur relat parti transact effect date intern account standard oper financi statement cover period begin januari intern account standard ia reformat account report retir benefit plan reformat intern account standard supersed standard origin approv board june present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli report retir benefit plan report prepar retir benefit plan refer name quot pension scheme quot quot superannu scheme quot quot retir benefit scheme quot standard retir benefit plan report entiti separ employ particip plan intern account standard appli report retir benefit plan extent supersed standard standard deal account report plan particip group deal report individu particip retir benefit right ia employe benefit concern determin cost retir benefit financi statement employ plan standard complement ia retir benefit plan defin contribut plan defin benefit plan requir creation separ fund separ legal ident truste contribut made retir benefit paid standard appli fund creat truste retir benefit plan asset invest insur compani subject account fund requir privat invest arrang scope standard contract insur compani particip group particip retir benefit oblig sole respons insur compani standard deal form employ benefit employ termin indemn defer compens arrang long servic leav benefit special earli retir redund plan health welfar plan bonu plan govern social secur type arrang exclud scope standard definit term standard mean retir benefit plan arrang enterpris benefit employe termin servic form annual incom lump sum benefit employ contribut determin estim advanc retir provis document enterpris practic defin contribut plan retir benefit plan amount paid retir benefit determin contribut fund invest earn thereon defin benefit plan retir benefit plan amount paid retir benefit determin refer formula base employe earn year servic fund transfer asset entiti fund separ employ enterpris meet futur oblig payment retir benefit purpos standard term particip member retir benefit plan entitl benefit plan net asset benefit asset plan liabil actuari present promis retir benefit actuari present promis retir benefit present expect payment retir benefit plan exist past employe attribut servic render vest benefit benefit right condit retir benefit plan condit continu employ retir benefit plan sponsor employ standard appli report plan retir benefit plan base formal agreement plan inform acquir degre oblig result employ establish practic plan permit employ limit oblig plan difficult employ cancel plan employe retain basi account report appli inform plan formal plan retir benefit plan provid establish separ fund contribut made benefit paid fund administ parti act independ manag fund asset parti call truste countri term truste standard describ parti trust form retir benefit plan defin contribut plan defin benefit plan distinct characterist occasion plan exist characterist hybrid plan consid defin benefit plan purpos standard defin contribut plan report defin contribut plan statement net asset benefit descript fund polici defin contribut plan amount particip futur benefit determin contribut paid employ particip oper effici invest earn fund employ oblig discharg contribut fund actuari advic requir advic estim futur benefit achiev base present contribut vari level futur contribut invest earn particip interest activ plan directli affect level futur benefit particip interest know contribut receiv proper control exercis protect right beneficiari employ interest effici fair oper plan object report defin contribut plan period provid inform plan perform invest object achiev provid report includ descript signific activ period effect relat plan membership term condit statement report transact invest perform period financi posit plan end period descript invest polici defin benefit plan report defin benefit plan statement show net asset benefit ii actuari present promis retir benefit distinguish vest benefit vest benefit iii result excess deficit statement net asset benefit includ note disclos actuari present promis retir benefit distinguish vest benefit vest benefit ii refer inform accompani actuari report actuari valuat prepar date report recent valuat base date valuat disclos purpos paragraph actuari present promis retir benefit base benefit promis term plan servic render date current salari level project salari level disclosur basi effect actuari assumpt signific effect actuari present promis retir benefit disclos report explain relationship actuari present promis retir benefit net asset benefit polici fund promis benefit defin benefit plan payment promis retir benefit depend financi posit plan abil contributor make futur contribut plan invest perform oper effici plan defin benefit plan period advic actuari assess financi condit plan review assumpt recommend futur contribut level object report defin benefit plan period provid inform financi resourc activ plan assess relationship accumul resourc plan benefit time object achiev provid report includ descript signific activ period effect relat plan membership term condit statement report transact invest perform period financi posit plan end period actuari inform part statement separ report descript invest polici actuari present promis retir benefit present expect payment retir benefit plan calcul report current salari level project salari level time retir particip reason adopt current salari approach includ actuari present promis retir benefit sum amount present attribut particip plan calcul object project salari level involv fewer assumpt increas benefit attribut salari increas oblig plan time salari increas amount actuari present promis retir benefit current salari level gener close relat amount payabl event termin discontinu plan reason adopt project salari approach includ financi inform prepar concern basi irrespect assumpt estim made final pai plan benefit determin refer salari retir date salari contribut level rate return project failur incorpor salari project fund base salari project result report appar overfund plan overfund report adequ fund plan underfund actuari present promis retir benefit base current salari disclos report plan oblig benefit earn date report actuari present promis retir benefit base project salari disclos magnitud potenti oblig concern basi gener basi fund addit disclosur actuari present promis retir benefit suffici explan context actuari present promis retir benefit read explan form inform adequaci plan futur fund fund polici base salari project includ financi inform actuari report frequenc actuari valuat countri actuari valuat obtain frequent year actuari valuat prepar date report recent valuat base date valuat disclos report content defin benefit plan inform present format reflect practic disclosur present actuari inform statement includ report show net asset benefit actuari present promis retir benefit result excess deficit report plan statement net asset benefit actuari present promis retir benefit report includ separ actuari report support actuari present promis retir benefit report includ statement net asset benefit statement net asset benefit actuari present promis retir benefit disclos note statement report includ report actuari support actuari present promis retir benefit report includ statement net asset benefit statement net asset benefit actuari present promis retir benefit contain separ actuari report format truste report natur manag director report invest report accompani statement favour format paragraph quantif promis retir benefit inform provid approach user assess current statu plan likelihood plan oblig met financi report complet reli accompani statement format paragraph give impress liabil exist actuari present promis retir benefit opinion characterist liabil favour format paragraph actuari present promis retir benefit includ statement net asset benefit format paragraph disclos note compar directli plan asset comparison valid contend actuari necessarili compar actuari present promis retir benefit market valu invest assess present cash flow expect invest favour format comparison reflect actuari assess plan misunderstood quantifi inform promis retir benefit contain sole separ actuari report proper explan provid standard accept view favour permit disclosur inform promis retir benefit separ actuari report reject argument quantif actuari present promis retir benefit format paragraph consid accept standard format paragraph long financi inform refer accompani actuari report includ actuari present promis retir benefit plan valuat plan asset retir benefit plan invest carri fair case market secur fair market plan invest held estim fair disclosur made reason fair case market secur fair market consid measur secur report date invest perform period secur fix redempt acquir match oblig plan specif part thereof carri amount base ultim redempt assum constant rate return matur plan invest held estim fair total ownership enterpris disclosur made reason fair extent invest carri amount market fair fair gener disclos asset oper fund account accord applic intern account standard disclosur report retir benefit plan defin benefit defin contribut inform statement net asset benefit summari signific account polici descript plan effect plan period report provid retir benefit plan includ applic statement net asset benefit disclos asset end period suitabl classifi ii basi valuat asset iii detail singl invest exceed net asset benefit class type secur iv detail invest employ liabil actuari present promis retir benefit statement net asset benefit show employ contribut ii employe contribut iii invest incom interest dividend iv incom benefit paid payabl analys retir death disabl benefit lump sum payment vi administr expens vii expens viii tax incom ix profit loss dispos invest invest transfer plan descript fund polici defin benefit plan actuari present promis retir benefit distinguish vest benefit vest benefit base benefit promis term plan servic render date current salari level project salari level inform includ accompani actuari report read conjunct relat financi inform defin benefit plan descript signific actuari assumpt made method calcul actuari present promis retir benefit report retir benefit plan descript plan part financi inform separ report name employ employe group cover number particip receiv benefit number particip classifi type plan defin contribut defin benefit note particip contribut plan descript retir benefit promis particip descript plan termin term item period cover report uncommon refer document readili user plan includ inform subsequ report effect date intern account standard oper financi statement retir benefit plan cover period begin januari intern account standard ia revis consolid financi statement account invest subsidiari reformat intern account standard supersed standard origin approv board june present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic decemb paragraph amend replac refer ia account invest refer ia financi instrument recognit measur octob paragraph amend make word consist similar paragraph relat intern account standard sic interpret relat ia sic consolid special purpos entiti sic consolid equiti method potenti vote right alloc ownership interest content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli prepar present consolid financi statement group enterpris control parent standard appli account invest subsidiari parent separ financi statement standard supersed ia consolid financi statement standard deal account invest associ ia account invest associ consolid financi statement encompass term quot financi statement quot includ quot prefac intern account standard quot consolid financi statement prepar accord intern account standard standard deal method account busi combin effect consolid includ goodwil aris busi combin ia revis busi combin account invest associ ia account invest associ account invest joint ventur ia financi report interest joint ventur definit term standard mean control purpos standard power govern financi oper polici enterpris obtain benefit activ subsidiari enterpris control enterpris parent parent enterpris subsidiari group parent subsidiari consolid financi statement financi statement group present singl enterpris minor interest part net result oper net asset subsidiari attribut interest own directli indirectli subsidiari parent present consolid financi statement parent parent mention paragraph present consolid financi statement parent wholli own subsidiari virtual wholli own present consolid financi statement provid case virtual wholli own parent obtain approv owner minor interest parent disclos reason consolid financi statement present base subsidiari account separ financi statement regist offic parent publish consolid financi statement disclos user financi statement parent concern inform financi posit result oper financi posit group serv consolid financi statement present financi inform group singl enterpris regard legal boundari separ legal entiti parent wholli own enterpris present consolid financi statement statement requir parent user serv consolid financi statement parent countri parent exempt present consolid financi statement virtual wholli own enterpris parent obtain approv owner minor interest virtual wholli own parent own vote power scope consolid financi statement parent issu consolid financi statement consolid subsidiari foreign domest refer paragraph consolid financi statement includ enterpris control parent subsidiari exclud reason set paragraph control presum exist parent own directli indirectli subsidiari half vote power enterpris except circumst demonstr ownership constitut control control exist parent own half vote power enterpris power half vote right virtu agreement investor power govern financi oper polici enterpris statut agreement power appoint remov major member board director equival govern bodi power cast major vote meet board director equival govern bodi subsidiari exclud consolid control intend temporari subsidiari acquir held exclus view subsequ dispos futur oper sever long term restrict significantli impair abil transfer fund parent subsidiari account accord ia financi instrument recognit measur subsidiari exclud consolid busi activ dissimilar enterpris group inform provid consolid subsidiari disclos addit inform consolid financi statement busi activ subsidiari disclosur requir ia segment report explain signific busi activ group consolid procedur prepar consolid financi statement financi statement parent subsidiari combin line line basi ad item asset liabil equiti incom expens order consolid financi statement present financi inform group singl enterpris step carri amount parent invest subsidiari parent portion equiti subsidiari elimin ia revis busi combin describ treatment result goodwil minor interest net incom consolid subsidiari report period identifi adjust incom group order arriv net incom attribut owner parent minor interest net asset consolid subsidiari identifi present consolid balanc sheet separ liabil parent sharehold equiti minor interest net asset consist amount date origin combin calcul accord ia revis busi combin ii minor share movement equiti date combin tax payabl parent subsidiari distribut parent profit retain subsidiari account accord ia incom tax intragroup balanc intragroup transact result unrealis profit elimin full unrealis loss result intragroup transact elimin cost recov intragroup balanc intragroup transact includ sale expens dividend elimin full unrealis profit result intragroup transact includ carri amount asset inventori fix asset elimin full unrealis loss result intragroup transact deduct arriv carri amount asset elimin cost recov time differ aris elimin unrealis profit loss result intragroup transact dealt accord ia incom tax financi statement consolid drawn report date adjust made effect signific transact event occur date date parent financi statement case differ report date month financi statement parent subsidiari prepar consolid financi statement drawn date report date subsidiari prepar consolid purpos statement date group impractic financi statement drawn report date provid differ greater month consist principl dictat length report period differ report date period period consolid financi statement prepar uniform account polici transact event similar circumst practic uniform account polici prepar consolid financi statement fact disclos proport item consolid financi statement account polici appli case member group account polici adopt consolid financi statement transact event similar circumst adjust made financi statement prepar consolid financi statement result oper subsidiari includ consolid financi statement date acquisit date control acquir subsidiari effect transfer buyer accord ia revis busi combin result oper subsidiari dispos includ consolid incom statement date dispos date parent ceas control subsidiari differ proce dispos subsidiari carri amount asset liabil date dispos recognis consolid incom statement profit loss dispos subsidiari order ensur compar financi statement account period supplementari inform provid effect acquisit dispos subsidiari financi posit report date result report period amount preced period invest enterpris account accord ia financi instrument recognit measur date ceas fall definit subsidiari associ defin ia account invest associ carri amount invest date ceas subsidiari regard cost minor interest present consolid balanc sheet separ liabil parent sharehold equiti minor interest incom group separ present loss applic minor consolid subsidiari exce minor interest equiti subsidiari excess loss applic minor charg major interest extent minor bind oblig make good loss subsidiari subsequ report profit major interest alloc profit minor share loss previous absorb major recov subsidiari outstand cumul prefer share held group parent comput share profit loss adjust subsidiari prefer dividend dividend declar account invest subsidiari parent separ financi statement parent separ financi statement invest subsidiari includ consolid financi statement carri cost account equiti method ia account invest associ account sale financi asset ia financi instrument recognit measur invest subsidiari exclud consolid financi statement carri cost account equiti method ia account invest associ account sale financi asset ia financi instrument recognit measur countri separ financi statement present parent order meet legal requir disclosur addit disclosur requir paragraph disclosur made consolid financi statement list signific subsidiari includ countri incorpor resid proport ownership interest proport vote power held consolid financi statement applic reason consolid subsidiari ii natur relationship parent subsidiari parent directli indirectli subsidiari half vote power iii enterpris half vote power own directli indirectli subsidiari absenc control subsidiari iv effect acquisit dispos subsidiari financi posit report date result report period amount preced period parent separ financi statement descript method account subsidiari effect date intern account standard oper financi statement cover period begin januari intern account standard ia revis account invest associ ia approv board novemb novemb text ia reformat present revis format adopt intern account standard ia reformat substant made origin approv text terminolog chang bring line iasc practic time juli paragraph ia reformat revis consist ia impair asset decemb ia financi instrument recognit measur amend paragraph ia amend replac refer ia account invest refer ia march paragraph amend replac refer ia conting event occur balanc sheet date refer ia revis event balanc sheet date conform terminolog ia provis conting liabil conting asset octob paragraph revis consist similar paragraph relat intern account standard paragraph delet paragraph ia effect enterpris appli ia time sic interpret relat ia sic elimin unrealis profit loss transact associ sic equiti account method recognit loss sic consolid equiti method potenti vote right alloc ownership interest content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli account investor invest associ standard supersed ia consolid financi statement standard deal account invest associ definit term standard mean associ enterpris investor signific influenc subsidiari joint ventur investor signific influenc power particip financi oper polici decis investe control polici control purpos standard power govern financi oper polici enterpris obtain benefit activ subsidiari enterpris control enterpris parent equiti method method account invest initi record cost adjust post acquisit chang investor share net asset investe incom statement reflect investor share result oper investe cost method method account invest record cost incom statement reflect incom invest extent investor receiv distribut accumul net profit investe aris subsequ date acquisit signific influenc investor hold directli indirectli subsidiari vote power investe presum investor signific influenc demonstr case convers investor hold directli indirectli subsidiari vote power investe presum investor signific influenc influenc demonstr substanti major ownership investor necessarili preclud investor signific influenc exist signific influenc investor evidenc wai represent board director equival govern bodi investe particip polici make process materi transact investor investe interchang manageri personnel provis essenti technic inform equiti method equiti method invest initi record cost carri amount increas decreas recognis investor share profit loss investe date acquisit distribut receiv investe reduc carri amount invest adjust carri amount alter investor proportion interest investe aris investe equiti includ incom statement includ aris revalu properti plant equip invest foreign exchang translat differ adjust differ aris busi combin cost method cost method investor record invest investe cost investor recognis incom extent receiv distribut accumul net profit investe aris subsequ date acquisit investor distribut receiv excess profit consid recoveri invest record reduct cost invest consolid financi statement invest associ account consolid financi statement equiti method invest acquir held exclus view subsequ dispos futur oper sever long term restrict significantli impair abil transfer fund investor invest account accord ia financi instrument recognit measur recognit incom basi distribut receiv adequ measur incom earn investor invest associ distribut receiv bear relationship perform associ investor signific influenc associ investor measur respons associ perform result return invest investor account stewardship extend scope consolid financi statement includ share result associ analysi earn invest ratio calcul result applic equiti method inform report net asset net incom investor delet investor discontinu equiti method date ceas signific influenc associ retain part invest equiti method longer associ oper sever long term restrict significantli impair abil transfer fund investor carri amount invest date regard cost separ financi statement investor invest associ includ separ financi statement investor issu consolid financi statement held exclus view dispos futur carri cost account equiti method standard account sale financi asset ia financi instrument recognit measur prepar consolid financi statement obviat separ financi statement investor invest associ includ financi statement investor issu consolid financi statement carri cost account equiti method standard equiti method associ investor issu consolid financi statement account ia financi instrument recognit measur sale financi asset financi asset held trade base definit ia investor invest associ issu consolid financi statement subsidiari investor inform invest associ enterpris issu consolid financi statement applic equiti method procedur applic equiti method similar consolid procedur set ia consolid financi statement account invest subsidiari broad concept underli consolid procedur acquisit subsidiari adopt acquisit invest associ invest associ account equiti method date fall definit associ acquisit invest differ posit neg cost acquisit investor share fair valu net identifi asset associ account accord ia busi combin adjust investor share profit loss acquisit made account depreci depreci asset base fair valu amortis differ cost invest investor share fair valu net identifi asset recent financi statement associ investor appli equiti method drawn date financi statement investor report date investor associ associ prepar investor statement date financi statement investor impractic financi statement drawn report date consist principl dictat length report period differ report date consist period period financi statement report date adjust made effect signific event transact investor associ occur date associ financi statement date investor financi statement investor financi statement prepar uniform account polici transact event similar circumst case associ account polici adopt investor transact event similar circumst adjust made associ financi statement investor appli equiti method practic adjust calcul fact gener disclos associ outstand cumul prefer share held interest investor comput share profit loss adjust prefer dividend dividend declar equiti method investor share loss associ equal exce carri amount invest investor ordinarili discontinu includ share loss invest report nil addit loss provid extent investor incur oblig made payment behalf associ satisfi oblig associ investor guarante commit associ subsequ report profit investor resum includ share profit share profit equal share net loss recognis impair loss indic invest associ impair enterpris appli ia impair asset determin invest enterpris estim share present estim futur cash flow expect gener investe includ cash flow oper investe proce ultim dispos invest present estim futur cash flow expect aris dividend receiv invest ultim dispos assumpt method give result result impair loss invest alloc accord ia alloc remain goodwil paragraph recover amount invest associ assess individu associ individu associ gener cash inflow continu larg independ asset report enterpris incom tax incom tax aris invest associ account accord ia incom tax conting accord ia provis conting liabil conting asset investor disclos share conting liabil capit commit associ conting liabl conting liabil aris investor sever liabl liabil associ disclosur disclosur made list descript signific associ includ proport ownership interest proport vote power held method account invest invest associ account equiti method classifi long term asset disclos separ item balanc sheet investor share profit loss invest disclos separ item incom statement investor share extraordinari prior period item separ disclos effect date paragraph intern account standard oper financi statement cover period begin januari paragraph oper ia oper annual financi statement cover period begin juli ia appli earlier period paragraph standard approv juli supersed paragraph ia account invest associ reformat intern account standard ia reformat financi report hyperinflationari economi reformat intern account standard supersed standard origin approv board april present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic sic interpret relat ia sic report currenc measur present financi statement ia ia sic report currenc translat measur currenc present currenc content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli primari financi statement includ consolid financi statement enterpris report currenc hyperinflationari economi hyperinflationari economi report oper result financi posit local currenc restat monei lose purchas power rate comparison amount transact event occur time account period mislead standard establish absolut rate hyperinfl deem aris matter judgement restat financi statement accord standard hyperinfl characterist econom environ countri includ limit gener popul prefer wealth monetari asset stabl foreign currenc amount local currenc held immedi invest maintain purchas power gener popul monetari amount term local currenc term stabl foreign currenc price quot currenc sale purchas credit place price compens expect loss purchas power credit period period short interest rate wage price link price index cumul inflat rate year approach exce prefer enterpris report currenc hyperinflationari economi appli standard date standard appli financi statement enterpris begin report period identifi exist hyperinfl countri currenc report restat financi statement price chang time result specif gener polit econom social forc specif forc suppli demand technolog individu price increas decreas significantli independ addit gener forc result gener level price gener purchas power monei countri primari financi statement prepar histor cost basi account regard gener level price increas specif price asset held extent properti plant equip invest revalu enterpris present primari financi statement base current cost approach reflect effect specif price asset held hyperinflationari economi financi statement base histor cost approach current cost approach express term measur unit current balanc sheet date result standard appli primari financi statement enterpris report currenc hyperinflationari economi present inform requir standard supplement unrest financi statement permit separ present financi statement restat discourag financi statement enterpris report currenc hyperinflationari economi base histor cost approach current cost approach state term measur unit current balanc sheet date figur previou period requir ia present financi statement inform respect earlier period state term measur unit current balanc sheet date gain loss net monetari posit includ net incom disclos separ restat financi statement accord standard requir applic procedur judgement consist applic procedur judgement period period import precis accuraci result amount includ restat financi statement histor cost financi statement balanc sheet balanc sheet amount express term measur unit current balanc sheet date restat appli gener price index monetari item restat express term monetari unit current balanc sheet date monetari item monei held item receiv paid monei asset liabil link agreement price index link bond loan adjust accord agreement order ascertain amount outstand balanc sheet date item carri adjust amount restat balanc sheet asset liabil monetari monetari item carri amount current balanc sheet date net realis market restat monetari asset liabil restat monetari item carri cost cost depreci express amount current date acquisit restat cost cost depreci item determin appli histor cost accumul depreci chang gener price index date acquisit balanc sheet date properti plant equip invest inventori raw materi merchandis goodwil patent trade mark similar asset restat date purchas inventori partli finish finish good restat date cost purchas convers incur detail record acquisit date item properti plant equip capabl estim rare circumst period applic standard independ profession assess item basi restat gener price index period restat properti plant equip requir standard rare circumst estim base movement exchang rate report currenc stabl foreign currenc monetari item carri amount current date acquisit balanc sheet properti plant equip revalu earlier date case carri amount restat date revalu restat amount monetari item reduc accord intern account standard exce amount recover item futur includ sale dispos case restat amount properti plant equip goodwil patent trade mark reduc recover amount restat amount inventori reduc net realis restat amount current invest reduc market investe account equiti method report currenc hyperinflationari economi balanc sheet incom statement investe restat accord standard order calcul investor share net asset result oper restat financi statement investe express foreign currenc translat close rate impact inflat recognis borrow cost restat capit expenditur financ borrow capitalis part borrow cost compens inflat period part borrow cost recognis expens period cost incur enterpris acquir asset arrang permit defer payment incur explicit interest charg impractic imput amount interest asset restat payment date date purchas ia effect foreign exchang rate permit enterpris includ foreign exchang differ borrow carri amount asset sever recent devalu practic enterpris report currenc hyperinflationari economi carri amount asset restat date acquisit begin period applic standard compon owner equiti retain earn revalu surplu restat appli gener price index date compon contribut aros revalu surplu aros previou period elimin restat retain earn deriv amount restat balanc sheet end period subsequ period compon owner equiti restat appli gener price index begin period date contribut movement period owner equiti disclos accord ia present financi statement incom statement standard requir item incom statement express term measur unit current balanc sheet date amount restat appli chang gener price index date item incom expens initi record financi statement gain loss net monetari posit period inflat enterpris hold excess monetari asset monetari liabil lose purchas power enterpris excess monetari liabil monetari asset gain purchas power extent asset liabil link price level gain loss net monetari posit deriv differ result restat monetari asset owner equiti incom statement item adjust index link asset liabil gain loss estim appli chang gener price index weight averag period differ monetari asset monetari liabil gain loss net monetari posit includ net incom adjust asset liabil link agreement price made accord paragraph offset gain loss net monetari posit incom statement item interest incom expens foreign exchang differ relat invest borrow fund net monetari posit item separ disclos help present gain loss net monetari posit incom statement current cost financi statement balanc sheet item state current cost restat express term measur unit current balanc sheet date item balanc sheet restat accord paragraph incom statement current cost incom statement restat gener report cost current time underli transact event occur cost sale depreci record current cost time consumpt sale expens record monei amount occur amount restat measur unit current balanc sheet date appli gener price index gain loss net monetari posit gain loss net monetari posit account accord paragraph current cost incom statement includ adjust reflect effect chang price monetari item accord paragraph ia inform reflect effect chang price adjust part gain loss net monetari posit tax restat financi statement accord standard give rise differ taxabl incom account incom differ account accord ia incom tax cash flow statement standard requir item cash flow statement express term measur unit current balanc sheet date figur figur previou report period base histor cost approach current cost approach restat appli gener price index compar financi statement present term measur unit current end report period inform disclos respect earlier period express term measur unit current end report period consolid financi statement parent report currenc hyperinflationari economi subsidiari report currenc hyperinflationari economi financi statement subsidiari restat appli gener price index countri currenc report includ consolid financi statement issu parent subsidiari foreign subsidiari restat financi statement translat close rate financi statement subsidiari report currenc hyperinflationari economi dealt accord ia effect foreign exchang rate financi statement report date consolid item monetari monetari restat measur unit current date consolid financi statement select gener price index restat financi statement accord standard requir gener price index reflect gener purchas power prefer enterpris report currenc economi index economi ceas hyperinflationari economi ceas hyperinflationari enterpris discontinu prepar present financi statement prepar accord standard treat amount express measur unit current end previou report period basi carri amount subsequ financi statement disclosur disclosur made fact financi statement figur previou period restat gener purchas power report currenc result state term measur unit current balanc sheet date financi statement base histor cost approach current cost approach ident level price index balanc sheet date movement index current previou report period disclosur requir standard need make clear basi deal effect inflat financi statement intend provid inform understand basi result amount effect date intern account standard oper financi statement cover period begin januari intern account standard ia reformat disclosur financi statement bank similar financi institut reformat intern account standard supersed standard origin approv board june present revis format adopt intern account standard onward substant made origin approv text terminolog chang bring line current iasc practic paragraph ia amend amend replac refer ia account invest refer ia financi instrument recognit measur paragraph ia amend amend replac refer ia conting event occur balanc sheet date refer ia provis conting liabil conting asset conform terminolog ia content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli financi statement bank similar financi institut subsequ refer bank purpos standard term quot bank quot includ financi institut princip activ deposit borrow object lend invest scope bank similar legisl standard relev enterpris word quot bank quot bank repres signific influenti sector busi worldwid individu organis make bank depositor borrow bank plai major role maintain confid monetari system close relationship regulatori author govern regul impos govern consider widespread interest bank solvenc liquid rel degre risk attach type busi oper account report requir bank commerci enterpris standard recognis special encourag present commentari financi statement deal matter manag control liquid risk standard supplement intern account standard appli bank specif exempt standard standard appli separ financi statement consolid financi statement bank group undertak bank oper standard applic respect oper consolid basi background user financi statement bank relev reliabl compar inform assist evalu financi posit perform bank make econom decis inform understand special characterist oper bank user inform bank subject supervis regulatori author inform public disclosur financi statement bank suffici comprehens meet user constraint reason requir manag user financi statement bank interest liquid solvenc risk relat asset liabil recognis balanc sheet balanc sheet item liquid refer avail suffici fund meet deposit withdraw financi commit fall due solvenc refer excess asset liabil adequaci bank capit bank expos liquid risk risk aris currenc fluctuat interest rate movement market price counterparti failur risk reflect financi statement user obtain understand manag commentari financi statement describ manag control risk oper bank account polici bank differ method recognit measur item financi statement harmonis method desir scope standard order compli ia present financi statement enabl user understand basi financi statement bank prepar account polici deal item disclos recognit princip type incom paragraph valuat invest deal secur paragraph distinct transact event result recognit asset liabil balanc sheet transact event give rise conting commit paragraph basi determin loss loan advanc write uncollect loan advanc paragraph basi determin charg gener bank risk account treatment charg paragraph topic subject exist intern account standard dealt date incom statement bank present incom statement group incom expens natur disclos amount princip type incom expens addit requir intern account standard disclosur incom statement note financi statement includ limit item incom expens interest similar incom interest expens similar charg dividend incom fee commiss incom fee commiss expens gain loss aris deal secur gain loss aris invest secur gain loss aris deal foreign currenc oper incom loss loan advanc gener administr expens oper expens princip type incom aris oper bank includ interest fee servic commiss deal result type incom separ disclos order user assess perform bank disclosur addit sourc incom requir ia segment report princip type expens aris oper bank includ interest commiss loss loan advanc charg relat reduct carri amount invest gener administr expens type expens separ disclos order user assess perform bank incom expens item offset relat hedg asset liabil offset accord paragraph offset case relat hedg asset liabil offset paragraph prevent user assess perform separ activ bank return obtain class asset gain loss aris report net basi dispos carri amount deal secur dispos invest secur deal foreign currenc interest incom interest expens disclos separ order give understand composit reason net interest net interest product interest rate amount borrow lend desir manag provid commentari averag interest rate averag interest earn asset averag interest bear liabil period countri govern provid assist bank make deposit credit facil interest rate substanti market rate case manag commentari disclos extent deposit facil effect net incom balanc sheet bank present balanc sheet group asset liabil natur list order reflect rel liquid addit requir intern account standard disclosur balanc sheet note financi statement includ limit asset liabil asset cash balanc central bank treasuri bill bill elig rediscount central bank govern secur held deal purpos placement loan advanc bank monei market placement loan advanc custom invest secur liabil deposit bank monei market deposit amount ow depositor certif deposit promissori note liabil evidenc paper borrow fund approach classif asset liabil bank group natur list approxim order liquid equat broadli matur current current item present separ asset liabil bank realis settl futur distinct balanc bank part monei market depositor relev inform understand bank relat depend bank monei market bank disclos separ balanc central bank placement bank monei market placement deposit bank monei market deposit deposit bank gener holder certif deposit trade open market bank disclos separ deposit obtain issu certif deposit negoti paper amount asset liabil state balanc sheet offset deduct liabil asset legal set exist offset repres expect realis settlement asset liabil bank disclos fair valu class financi asset liabil requir ia financi instrument disclosur present ia financi instrument recognit measur ia classif financi asset loan receiv origin enterpris held matur invest financi asset held trade sale financi asset bank disclos fair valu financi asset classif minimum conting commit includ balanc sheet item bank disclos conting liabil commit natur amount commit extend credit irrevoc withdrawn discret bank risk incur signific penalti expens natur amount conting liabil commit aris balanc sheet item includ relat direct credit substitut includ gener guarante indebted bank accept guarante standbi letter credit serv financi guarante loan secur ii transact relat conting liabil includ perform bond bid bond warranti standbi letter credit relat transact iii short term liquid trade relat conting liabil aris movement good documentari credit underli shipment secur iv sale repurchas agreement recognis balanc sheet interest foreign exchang rate relat item includ swap option futur vi commit note issuanc facil revolv underwrit facil ia provis conting liabil conting asset deal gener account disclosur conting liabil standard relev bank bank engag type conting liabil commit revoc irrevoc frequent signific amount substanti larger commerci enterpris bank enter transact present recognis asset liabil balanc sheet give rise conting commit balanc sheet item repres import part busi bank signific bear level risk bank expos item add reduc risk hedg asset liabil balanc sheet balanc sheet item aris transact carri behalf custom bank trade posit user financi statement conting irrevoc commit bank demand put liquid solvenc inher possibl potenti loss user requir adequ inform natur amount balanc sheet transact undertaken bank matur asset liabil bank disclos analysi asset liabil relev matur group base remain period balanc sheet date contractu matur date match control mismatch matur interest rate asset liabil fundament manag bank unusu bank complet match busi transact uncertain term type unmatch posit potenti enhanc profit increas risk loss matur asset liabil abil replac accept cost interest bear liabil matur import factor assess liquid bank exposur interest rate exchang rate order provid inform relev assess liquid bank disclos minimum analysi asset liabil relev matur group matur group appli individu asset liabil differ bank appropri asset liabil exampl period includ month month month month year year year year frequent period combin case loan advanc group year year repay spread period time instal alloc period contractu agre expect paid receiv essenti matur period adopt bank asset liabil make clear extent matur match consequ depend bank sourc liquid matur express term remain period repay date origin period repay date remain period date interest rate chang analysi asset liabil remain period repay date basi evalu liquid bank bank disclos repay matur base origin period repay date order provid inform fund busi strategi addit bank disclos matur group base remain period date interest rate chang order demonstr exposur interest rate risk manag provid commentari financi statement inform interest rate exposur manag control exposur countri deposit made bank withdrawn demand advanc bank repay demand practic deposit advanc maintain long period withdraw repay effect date repay contractu date bank disclos analysi express term contractu matur contractu repay period effect period contractu date reflect liquid risk attach bank asset liabil asset bank contractu matur date period asset assum matur expect date asset realis user evalu liquid bank disclosur matur group made context local bank practic includ avail fund bank countri short term fund normal busi monei market emerg central bank countri case order provid user full understand matur group disclosur financi statement supplement inform likelihood repay remain period manag provid commentari financi statement inform effect period manag control risk exposur matur interest rate profil concentr asset liabil balanc sheet item bank disclos signific concentr asset liabil balanc sheet item disclosur made term geograph area custom industri group concentr risk bank disclos amount signific net foreign currenc exposur bank disclos signific concentr distribut asset sourc liabil indic potenti risk inher realis asset fund bank disclosur made term geograph area custom industri group concentr risk circumst bank similar analysi explan balanc sheet item import geograph area compris individu countri group countri region countri custom disclosur deal sector govern public author commerci busi enterpris disclosur made addit segment inform requir ia segment report disclosur signific net foreign currenc exposur indic risk loss aris exchang rate loss loan advanc bank disclos account polici describ basi uncollect loan advanc recognis expens written detail movement provis loss loan advanc period disclos separ amount recognis expens period loss uncollect loan advanc amount charg period loan advanc written amount credit period loan advanc previous written recov aggreg amount provis loss loan advanc balanc sheet date aggreg amount includ balanc sheet loan advanc interest accru basi determin carri amount loan advanc amount set respect loss loan advanc addit loss specif identifi potenti loss experi present portfolio loan advanc account appropri retain earn credit result reduct amount result increas retain earn includ determin net profit loss period inevit ordinari busi bank suffer loss loan advanc credit facil result partli wholli uncollect amount loss specif identifi recognis expens deduct carri amount categori loan advanc provis loss loan advanc amount potenti loss specif identifi experi present portfolio loan advanc recognis expens deduct total carri amount loan advanc provis loss loan advanc assess loss depend judgement manag essenti manag appli assess consist manner period period local circumst legisl requir bank set amount loss loan advanc addit loss specif identifi potenti loss experi present portfolio loan advanc amount set repres appropri retain earn expens determin net profit loss period similarli credit result reduct amount result increas retain earn includ determin net profit loss period user financi statement bank impact loss loan advanc financi posit perform bank help judg effect bank emploi resourc bank disclos aggreg amount provis loss loan advanc balanc sheet date movement provis period movement provis includ amount previous written recov period shown separ bank decid accru interest loan advanc borrow period arrear respect payment interest princip bank disclos aggreg amount loan advanc balanc sheet date interest accru basi determin carri amount loan advanc desir bank disclos recognis interest incom loan advanc impact accrual interest incom statement loan advanc recov written charg provis loss case written legal procedur complet amount loss final determin case written earlier borrow paid interest repaid princip due period time uncollect loan advanc written differ gross amount loan advanc provis loss vari consider similar circumst result bank disclos polici write uncollect loan advanc gener bank risk amount set gener bank risk includ futur loss unforese risk conting separ disclos appropri retain earn credit result reduct amount result increas retain earn includ determin net profit loss period local circumst legisl requir bank set amount gener bank risk includ futur loss unforese risk addit charg loss loan advanc determin accord paragraph bank requir allow set amount conting amount gener bank risk conting qualifi recognit provis ia provis conting liabil conting asset bank recognis amount appropri retain earn avoid overstat liabil understat asset undisclos accrual provis opportun distort net incom equiti incom statement present relev reliabl inform perform bank net profit loss period includ effect undisclos amount set gener bank risk addit conting undisclos credit result revers amount similarli balanc sheet provid relev reliabl inform financi posit bank balanc sheet includ overst liabil underst asset undisclos accrual provis asset pledg secur bank disclos aggreg amount secur liabil natur carri amount asset pledg secur countri bank requir law nation custom pledg asset secur support deposit liabil amount involv substanti signific impact assess financi posit bank trust activ bank commonli act truste fiduciari capac result hold place asset behalf individu trust retir benefit plan institut provid truste similar relationship legal support asset asset bank includ balanc sheet bank engag signific trust activ disclosur fact indic extent activ made financi statement potenti liabil fail fiduciari duti purpos trust activ encompass safe custodi function relat parti transact ia relat parti disclosur deal gener disclosur relat parti relationship transact report enterpris relat parti countri law regulatori author prevent restrict bank enter transact relat parti transact permit ia relev present financi statement bank countri permit transact transact relat parti effect term unrel parti bank advanc larger sum charg lower interest rate relat parti ident circumst unrel parti advanc deposit move relat parti quickli formal unrel parti involv relat parti transact aris ordinari bank busi inform transact relev user disclosur requir ia bank enter transact relat parti disclos natur relat parti relationship type transact element transact understand financi statement bank element disclos conform ia includ bank lend polici relat parti respect relat parti transact amount includ proport loan advanc deposit accept promissori note disclosur includ aggreg amount outstand begin end period advanc deposit repay period princip type incom interest expens commiss paid amount expens recognis period loss loan advanc amount provis balanc sheet date irrevoc commit conting commit aris balanc sheet item effect date intern account standard oper financi statement bank cover period begin januari intern account standard ia revis financi report interest joint ventur ia approv board novemb novemb text ia reformat present revis format adopt intern account standard substant made origin text terminolog chang line iasc practic time juli consist ia impair asset paragraph revis paragraph ad decemb paragraph ia amend replac refer ia account invest refer ia financi instrument recognit measur march ia revis event balanc sheet date amend paragraph consist terminolog ia provis conting liabil conting asset octob paragraph revis consist similar paragraph relat intern account standard chang paragraph effect enterpris appli ia time sic interpret relat ia sic jointli control entiti monetari contribut ventur content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac scope standard appli account interest joint ventur report joint ventur asset liabil incom expens financi statement ventur investor structur form joint ventur activ place definit term standard mean joint ventur contractu arrang parti undertak econom activ subject joint control control power govern financi oper polici econom activ obtain benefit joint control contractu agre share control econom activ signific influenc power particip financi oper polici decis econom activ control joint control polici ventur parti joint ventur joint control joint ventur investor joint ventur parti joint ventur joint control joint ventur proportion consolid method account report ventur share asset liabil incom expens jointli control entiti combin line line basi similar item ventur financi statement report separ line item ventur financi statement equiti method method account report interest jointli control entiti initi record cost adjust post acquisit chang ventur share net asset jointli control entiti incom statement reflect ventur share result oper jointli control entiti form joint ventur joint ventur form structur standard identifi broad type jointli control oper jointli control asset jointli control entiti commonli meet definit joint ventur characterist common joint ventur ventur bound contractu arrang contractu arrang establish joint control contractu arrang exist contractu arrang distinguish interest involv joint control invest associ investor signific influenc ia account invest associ activ contractu arrang establish joint control joint ventur purpos standard contractu arrang evidenc number wai contract ventur minut discuss ventur case arrang incorpor articl law joint ventur form contractu arrang write deal matter activ durat report oblig joint ventur appoint board director equival govern bodi joint ventur vote right ventur capit contribut ventur share ventur output incom expens result joint ventur contractu arrang establish joint control joint ventur requir ensur singl ventur posit control unilater activ arrang identifi decis area essenti goal joint ventur requir consent ventur decis requir consent major ventur contractu arrang identifi ventur oper manag joint ventur oper control joint ventur act financi oper polici agre ventur accord contractu arrang deleg oper oper power govern financi oper polici econom activ control ventur ventur subsidiari oper joint ventur jointli control oper oper joint ventur involv asset resourc ventur establish corpor partnership entiti financi structur separ ventur ventur properti plant equip carri inventori incur expens liabil rais financ repres oblig joint ventur activ carri ventur employe alongsid ventur similar activ joint ventur agreement mean revenu sale joint product expens incur common share ventur jointli control oper ventur combin oper resourc expertis order manufactur market distribut jointli product aircraft part manufactur process carri ventur ventur bear cost take share revenu sale aircraft share determin accord contractu arrang respect interest jointli control oper ventur recognis separ financi statement consolid financi statement asset control liabil incur expens incur share incom earn sale good servic joint ventur asset liabil incom expens recognis separ financi statement ventur consolid financi statement adjust consolid procedur requir respect item ventur present consolid financi statement separ account record requir joint ventur financi statement prepar joint ventur ventur prepar manag account assess perform joint ventur jointli control asset joint ventur involv joint control joint ownership ventur asset contribut acquir purpos joint ventur dedic purpos joint ventur asset obtain benefit ventur ventur share output asset bear agre share expens incur joint ventur involv establish corpor partnership entiti financi structur separ ventur ventur control share futur econom benefit share jointli control asset activ oil ga miner extract industri involv jointli control asset number oil product compani jointli control oper oil pipelin ventur pipelin transport product return bear agre proport expens oper pipelin jointli control asset enterpris jointli control properti take share rent receiv bear share expens respect interest jointli control asset ventur recognis separ financi statement consolid financi statement share jointli control asset classifi natur asset liabil incur share liabil incur jointli ventur relat joint ventur incom sale share output joint ventur share expens incur joint ventur expens incur respect interest joint ventur respect interest jointli control asset ventur includ account record recognis separ financi statement consolid financi statement share jointli control asset classifi natur asset invest share jointli control oil pipelin classifi properti plant equip liabil incur incur financ share asset share liabil incur jointli ventur relat joint ventur incom sale share output joint ventur share expens incur joint ventur expens incur respect interest joint ventur relat financ ventur interest asset sell share output asset liabil incom expens recognis separ financi statement ventur consolid financi statement adjust consolid procedur requir respect item ventur present consolid financi statement treatment jointli control asset reflect substanc econom realiti legal form joint ventur separ account record joint ventur limit expens incur common ventur ultim born ventur agre share financi statement prepar joint ventur ventur prepar manag account assess perform joint ventur jointli control entiti jointli control entiti joint ventur involv establish corpor partnership entiti ventur interest entiti oper enterpris contractu arrang ventur establish joint control econom activ entiti jointli control entiti control asset joint ventur incur liabil expens earn incom enter contract rais financ purpos joint ventur activ ventur entitl share result jointli control entiti jointli control entiti involv share output joint ventur common jointli control entiti enterpris combin activ line busi transfer relev asset liabil jointli control entiti aris enterpris commenc busi foreign countri conjunct govern agenc countri establish separ entiti jointli control enterpris govern agenc jointli control entiti similar substanc joint ventur refer jointli control oper jointli control asset ventur transfer jointli control asset oil pipelin jointli control entiti tax reason similarli ventur contribut jointli control entiti asset oper jointli jointli control oper involv establish jointli control entiti deal aspect activ design market distribut sale servic product jointli control entiti maintain account record prepar present financi statement enterpris conform nation requir intern account standard ventur contribut cash resourc jointli control entiti contribut includ account record ventur recognis separ financi statement invest jointli control entiti consolid financi statement ventur benchmark treatment proportion consolid consolid financi statement ventur report interest jointli control entiti report format proportion consolid report interest jointli control entiti consolid financi statement essenti ventur reflect substanc econom realiti arrang joint ventur structur form jointli control entiti ventur control share futur econom benefit share asset liabil ventur substanc econom realiti reflect consolid financi statement ventur ventur report interest asset liabil incom expens jointli control entiti report format proportion consolid paragraph applic proportion consolid mean consolid balanc sheet ventur includ share asset control jointli share liabil jointli respons consolid incom statement ventur includ share incom expens jointli control entiti procedur applic proportion consolid similar procedur consolid invest subsidiari set ia consolid financi statement account invest subsidiari report format give effect proportion consolid ventur combin share asset liabil incom expens jointli control entiti similar item consolid financi statement line line basi combin share jointli control entiti inventori inventori consolid group share jointli control entiti properti plant equip item consolid group altern ventur includ separ line item share asset liabil incom expens jointli control entiti consolid financi statement show share current asset jointli control entiti separ part current asset consolid group show share properti plant equip jointli control entiti separ part properti plant equip consolid group report format result report ident amount net incom major classif asset liabil incom expens format accept purpos standard format give effect proportion consolid inappropri offset asset liabil deduct liabil asset incom expens deduct expens incom legal set exist offset repres expect realis asset settlement liabil ventur discontinu proportion consolid date ceas joint control jointli control entiti ventur discontinu proportion consolid date ceas share control jointli control entiti happen ventur dispos interest extern restrict jointli control entiti longer achiev goal allow altern treatment equiti method consolid financi statement ventur report interest jointli control entiti equiti method ventur report interest jointli control entiti equiti method ia account invest associ equiti method support argu inappropri combin control item jointli control item ventur signific influenc joint control jointli control entiti standard recommend equiti method proportion consolid reflect substanc econom realiti ventur interest jointli control entiti control ventur share futur econom benefit standard permit equiti method allow altern treatment report interest jointli control entiti ventur discontinu equiti method date ceas joint control signific influenc jointli control entiti except benchmark allow altern treatment ventur account interest accord ia financi instrument recognit measur interest jointli control entiti acquir held exclus view subsequ dispos futur interest jointli control entiti oper sever long term restrict significantli impair abil transfer fund ventur proportion consolid equiti method inappropri interest jointli control entiti acquir held exclus view subsequ dispos futur inappropri jointli control entiti oper sever long term restrict significantli impair abil transfer fund ventur date jointli control entiti subsidiari ventur ventur account interest accord ia consolid financi statement account invest subsidiari separ financi statement ventur countri separ financi statement present ventur order meet legal requir separ financi statement prepar order meet varieti result report practic countri standard prefer treatment transact ventur joint ventur ventur contribut sell asset joint ventur recognit portion gain loss transact reflect substanc transact asset retain joint ventur provid ventur transfer signific risk reward ownership ventur recognis portion gain loss attribut interest ventur ventur recognis full amount loss contribut sale evid reduct net realis current asset impair loss ventur purchas asset joint ventur ventur recognis share profit joint ventur transact resel asset independ parti ventur recognis share loss result transact profit loss recognis immedi repres reduct net realis current asset impair loss assess transact ventur joint ventur evid impair asset ventur determin recover amount asset ia impair asset determin futur cash flow asset estim base continu asset ultim dispos joint ventur report interest joint ventur financi statement investor investor joint ventur joint control report interest joint ventur consolid financi statement accord ia financi instrument recognit measur signific influenc joint ventur accord ia account invest associ separ financi statement investor issu consolid financi statement report invest cost oper joint ventur oper manag joint ventur account fee accord ia revenu ventur act oper manag joint ventur oper paid manag fee duti fee account joint ventur expens disclosur ventur disclos aggreg amount conting liabil probabl loss remot separ amount conting liabil conting liabil ventur incur relat interest joint ventur share conting liabil incur jointli ventur share conting liabil joint ventur conting liabl conting liabil aris ventur conting liabl liabil ventur joint ventur ventur disclos aggreg amount commit respect interest joint ventur separ commit capit commit ventur relat interest joint ventur share capit commit incur jointli ventur share capit commit joint ventur ventur disclos list descript interest signific joint ventur proport ownership interest held jointli control entiti ventur report interest jointli control entiti line line report format proportion consolid equiti method disclos aggreg amount current asset long term asset current liabil long term liabil incom expens relat interest joint ventur ventur issu consolid financi statement subsidiari disclos inform requir paragraph ventur prepar consolid financi statement subsidiari inform interest joint ventur ventur issu consolid financi statement effect date paragraph intern account standard oper financi statement cover period begin januari paragraph oper ia oper annual financi statement cover period begin juli ia appli earlier period paragraph standard approv juli supersed paragraph ia financi report interest joint ventur reformat paragraph standard ad juli paragraph ia reformat intern account standard ia earn share intern account standard approv iasc board januari effect financi statement cover period begin januari paragraph amend replac refer ia conting event occur balanc sheet date refer ia revis event balanc sheet date sic interpret relat ia sic earn share financi instrument contract settl share content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib principl determin present earn share improv perform comparison enterpris period account period enterpris focu standard denomin earn share calcul earn share data limit account polici determin quot earn quot consist determin denomin enhanc financi report scope enterpris share publicli trade standard appli enterpris ordinari share potenti ordinari share publicli trade enterpris process issu ordinari share potenti ordinari share public secur market parent consolid financi statement present inform call standard present basi consolid inform user financi statement parent concern inform result oper group enterpris share publicli trade enterpris ordinari share potenti ordinari share publicli trade disclos earn share calcul disclos earn share accord standard enterpris ordinari share potenti ordinari share publicli trade requir disclos earn share compar financi report enterpris maintain enterpris choos disclos earn share calcul earn share accord principl standard definit term standard mean ordinari share equiti instrument subordin class equiti instrument potenti ordinari share financi instrument contract entitl holder ordinari share warrant option financi instrument give holder purchas ordinari share ordinari share particip net profit period type share prefer share enterpris class ordinari share ordinari share class right receiv dividend exampl potenti ordinari share debt equiti instrument includ prefer share convert ordinari share share warrant option employe plan employe receiv ordinari share part remuner share purchas plan share issu satisfact condit result contractu arrang purchas busi asset term mean ia financi instrument disclosur present financi instrument contract rise financi asset enterpris financi liabil equiti instrument enterpris equiti instrument contract evid residu interest asset enterpris deduct liabil fair amount asset exchang liabil settl knowledg parti arm length transact measur basic earn share basic earn share calcul divid net profit loss period attribut ordinari sharehold weight averag number ordinari share outstand period earn basic purpos calcul basic earn share net profit loss period attribut ordinari sharehold net profit loss period deduct prefer dividend item incom expens recognis period includ tax expens extraordinari item minor interest includ determin net profit loss period ia net profit loss period fundament error account polici amount net profit attribut prefer sharehold includ prefer dividend period deduct net profit period ad net loss period order calcul net profit loss period attribut ordinari sharehold amount prefer dividend deduct net profit period amount prefer dividend cumul prefer share declar respect period full amount requir prefer dividend cumul prefer share period dividend declar amount prefer dividend period includ amount prefer dividend cumul prefer share paid declar current period respect previou period share basic purpos calcul basic earn share number ordinari share weight averag number ordinari share outstand period weight averag number ordinari share outstand period reflect fact amount sharehold capit vari period result larger lesser number share outstand time number ordinari share outstand begin period adjust number ordinari share bought back issu period multipli time weight factor time weight factor number dai specif share outstand proport total number dai period reason approxim weight averag adequ circumst weight averag number share gt tabl gt comput weight averag gt refer graphic gt gt refer graphic gt case share includ weight averag number share date consider receiv gener date issu ordinari share issu exchang cash includ cash receiv ordinari share issu voluntari reinvest dividend ordinari prefer share includ dividend payment date ordinari share issu result convers debt instrument ordinari share includ date interest ceas accru ordinari share issu place interest princip financi instrument includ date interest ceas accru ordinari share issu exchang settlement liabil enterpris includ settlement date ordinari share issu consider acquisit asset cash includ date acquisit recognis ordinari share issu render servic enterpris includ servic render case time inclus ordinari share determin specif term condit attach issu due consider substanc contract issu ordinari share issu part purchas consider busi combin acquisit includ weight averag number share date acquisit acquir incorpor result oper acquire incom statement date acquisit ordinari share issu part busi combin unit interest includ calcul weight averag number share period present financi statement combin enterpris prepar combin entiti exist number ordinari share calcul basic earn share busi combin unit interest aggreg weight averag number share combin enterpris adjust equival share enterpris share outstand combin ordinari share issu partli paid form partli paid share treat fraction ordinari share extent entitl particip dividend rel fulli paid ordinari share financi period ordinari share issuabl satisfact condit conting issuabl share consid outstand includ comput basic earn share date condit satisfi outstand ordinari share conting return subject recal treat conting issuabl share weight averag number ordinari share outstand period period present adjust event convers potenti ordinari share chang number ordinari share outstand chang resourc ordinari share issu number share outstand reduc chang resourc exampl includ capitalis bonu issu countri stock dividend bonu element issu bonu element right issu exist sharehold share split revers share split consolid share capitalis bonu issu share split ordinari share issu exist sharehold addit consider number ordinari share outstand increas increas resourc number ordinari share outstand event adjust proportion chang number ordinari share outstand event occur begin earliest period report bonu issu number share outstand prior issu multipli factor obtain total number share factor obtain number addit share refer issu ordinari share time exercis convers potenti ordinari share give rise bonu element potenti ordinari share issu full result proportion chang resourc enterpris right issu exercis price fair share right issu includ bonu element number ordinari share calcul basic earn share period prior right issu number ordinari share outstand prior issu multipli factor gt refer graphic gt theoret right fair share calcul ad aggreg fair share immedi prior exercis right proce exercis right divid number share outstand exercis right right publicli trade separ share prior exercis date fair purpos calcul establish close dai share trade right bonu issu gt tabl gt bonu issu issu consider issu treat occur prior begin earliest period report right issu gt tabl gt gt tabl gt gt tabl gt gt tabl gt dilut earn share purpos calcul dilut earn share net profit attribut ordinari sharehold weight averag number share outstand adjust effect dilut potenti ordinari share calcul dilut earn share consist calcul basic earn share give effect dilut potenti ordinari share outstand period net profit period attribut ordinari share increas tax amount dividend interest recognis period respect dilut potenti ordinari share adjust incom expens result convers dilut potenti ordinari share weight averag number ordinari share outstand increas weight averag number addit ordinari share outstand assum convers dilut potenti ordinari share earn dilut purpos calcul dilut earn share amount net profit loss period attribut ordinari sharehold calcul accord paragraph adjust tax effect dividend dilut potenti ordinari share deduct arriv net profit attribut ordinari sharehold calcul accord paragraph interest recognis period dilut potenti ordinari share incom expens result convers dilut potenti ordinari share potenti ordinari share convert ordinari share dividend interest incom expens potenti ordinari share longer incur ordinari share entitl particip net profit attribut ordinari sharehold net profit period attribut ordinari sharehold calcul accord paragraph increas amount dividend interest incom expens save convers dilut potenti ordinari share ordinari share expens potenti ordinari share includ fee discount premium account yield adjust ia amount dividend interest incom expens adjust tax born enterpris attribut convert bond gt tabl gt convers potenti ordinari share lead consequenti incom expens reduct interest expens relat potenti ordinari share result increas net profit period lead increas expens relat discretionari employe profit share plan purpos calcul dilut earn share net profit loss period adjust consequenti incom expens share dilut purpos calcul dilut earn share number ordinari share weight averag number ordinari share calcul accord paragraph weight averag number ordinari share issu convers dilut potenti ordinari share ordinari share dilut potenti ordinari share deem convert ordinari share begin period date issu potenti ordinari share number ordinari share issu convers dilut potenti ordinari share determin term potenti ordinari share comput assum advantag convers rate exercis price standpoint holder potenti ordinari share comput basic earn share ordinari share issu conting occurr event consid outstand includ comput dilut earn share condit met event occur conting issuabl share includ begin period date conting share agreement condit met number conting issuabl share includ dilut earn share comput base number share issuabl end report period end conting period restat permit condit met conting period expir provis paragraph appli equal potenti ordinari share issuabl satisfact condit conting issuabl potenti ordinari share subsidiari joint ventur associ issu potenti ordinari share convert ordinari share subsidiari joint ventur associ ordinari share report enterpris potenti ordinari share subsidiari associ joint ventur dilut effect consolid basic earn share report enterpris includ calcul dilut earn share purpos calcul dilut earn share enterpris assum exercis dilut option dilut potenti ordinari share enterpris assum proce issu consid receiv issu share fair differ number share issu number share issu fair treat issu ordinari share consider fair purpos calcul basi averag price ordinari share period option share purchas arrang dilut result issu ordinari share fair amount dilut fair issu price order calcul dilut earn share arrang treat consist contract issu number ordinari share averag fair period share issu fairli price assum dilut anti dilut comput dilut earn share contract issu remain ordinari share consider ordinari share gener proce effect net profit attribut ordinari share outstand share dilut ad number ordinari share outstand comput dilut earn share effect share option dilut earn share gt tabl gt gt tabl gt method calcul effect option share purchas arrang produc result treasuri stock method countri impli enterpris enter transact purchas share practic circumst legal jurisdict extent partli paid share entitl particip dividend financi period consid equival warrant option dilut potenti ordinari share potenti ordinari share treat dilut convers ordinari share decreas net profit share continu ordinari oper enterpris net profit continu ordinari activ quot control number quot establish potenti ordinari share dilut anti dilut net profit continu ordinari activ net profit ordinari activ defin ia deduct prefer dividend exclud item relat discontinu oper exclud extraordinari item effect account polici correct fundament error potenti ordinari share anti dilut convers ordinari share increas earn share continu ordinari oper decreas loss share continu ordinari oper effect anti dilut potenti ordinari share calcul dilut earn share potenti ordinari share dilut anti dilut issu seri potenti ordinari share consid separ aggreg sequenc potenti ordinari share consid affect dilut order maximis dilut basic earn share issu seri potenti ordinari share consid sequenc dilut dilut determin order includ dilut secur calcul weight averag number sharessinc dilut earn share increas take convert prefer share account convert prefer share anti dilut calcul dilut earn share dilut earn share illustr classif convert financi instrument liabil equiti classif relat interest dividend expens equiti requir ia gt tabl gt gt tabl gt gt tabl gt gt tabl gt potenti ordinari share weight period outstand potenti ordinari share cancel allow laps report period includ comput dilut earn share portion period outstand potenti ordinari share convert ordinari share report period includ calcul dilut earn share begin period date convers date convers result ordinari share includ basic dilut earn share restat number ordinari potenti ordinari share outstand increas result capitalis bonu issu share split decreas result revers share split calcul basic dilut earn share period present adjust retrospect occur balanc sheet date issu financi statement share calcul prior period financi statement present base number share share calcul reflect number share fact disclos addit basic dilut earn share period present adjust effect fundament error adjust result account polici dealt accord benchmark treatment ia effect busi combin unit interest enterpris restat dilut earn share prior period present assumpt convers potenti ordinari share ordinari share outstand enterpris encourag disclos descript ordinari share transact potenti ordinari share transact capitalis issu share split occur balanc sheet date import disclosur affect abil user financi statement make proper evalu decis ia event balanc sheet date exampl transact includ issu share cash issu share proce repai debt prefer share outstand balanc sheet date redempt ordinari share outstand convers exercis potenti ordinari share outstand balanc sheet date ordinari share issu warrant option convert secur achiev condit result issu conting issuabl share earn share amount adjust transact occur balanc sheet date transact affect amount capit produc net profit loss period present enterpris present basic dilut earn share face incom statement class ordinari share share net profit period enterpris present basic dilut earn share equal promin period present standard requir enterpris present basic dilut earn share amount disclos neg loss share disclosur enterpris disclos amount numer calcul basic dilut earn share reconcili amount net profit loss period weight averag number ordinari share denomin calcul basic dilut earn share reconcili denomin financi instrument contract gener potenti ordinari share incorpor term condit affect measur basic dilut earn share term condit determin potenti ordinari share dilut effect weight averag number share outstand consequ adjust net profit attribut ordinari sharehold disclosur term condit requir ia disclosur encourag standard enterpris disclos addit basic dilut earn share share amount report compon net profit net profit loss period attribut ordinari sharehold amount calcul weight averag number ordinari share determin accord standard compon net profit report line item incom statement reconcili provid compon line item report incom statement basic dilut share amount disclos equal promin enterpris disclos inform standard requir inform user evalu perform enterpris form share amount compon net profit disclosur encourag amount disclos denomin calcul accord standard order ensur compar share amount disclos effect date intern account standard oper financi statement cover period begin januari earlier applic encourag intern account standard ia interim financi report intern account standard approv iasc board februari effect financi statement cover period begin januari april appendix paragraph amend ia invest properti introduct standard quot ia quot address interim financi report matter cover prior intern account standard ia effect account period begin januari interim financi report financi report complet condens set financi statement period shorter enterpris full financi year standard mandat enterpris publish interim financi report frequent end interim period iasc judgement matter decid nation govern secur regul stock exchang account bodi standard appli compani requir elect publish interim financi report accord intern account standard standard defin minimum content interim financi report includ disclosur identifi account recognit measur principl appli interim financi report minimum content interim financi report condens balanc sheet condens incom statement condens cash flow statement condens statement show equiti select explanatori note presumpt read enterpris interim report access recent annual report virtual note annual financi statement repeat updat interim report interim note includ primarili explan event signific understand financi posit perform enterpris annual report date enterpris appli account polici interim financi report appli annual financi statement account polici made date recent annual financi statement reflect annual financi statement frequenc enterpris report annual half yearli quarterli affect measur annual result achiev object measur interim report purpos made year date basi appendix standard guidanc appli basic recognit measur principl interim date type asset liabil incom expens incom tax expens interim period base estim averag annual effect incom tax rate consist annual assess tax decid recognis classifi disclos item interim financi report purpos materi assess relat interim period financi data forecast annual data content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib minimum content interim financi report prescrib principl recognit measur complet condens financi statement interim period time reliabl interim financi report improv abil investor creditor understand enterpris capac gener earn cash flow financi condit liquid scope standard mandat enterpris requir publish interim financi report frequent end interim period govern secur regul stock exchang account bodi requir enterpris debt equiti secur publicli trade publish interim financi report standard appli enterpris requir elect publish interim financi report accord intern account standard intern account standard committe encourag publicli trade enterpris provid interim financi report conform recognit measur disclosur principl set standard specif publicli trade enterpris encourag provid interim financi report end half financi year make interim financi report dai end interim period financi report annual interim evalu conform intern account standard fact enterpris provid interim financi report financi year provid interim financi report compli standard prevent enterpris annual financi statement conform intern account standard enterpris interim financi report compli intern account standard compli requir standard paragraph requir disclosur regard definit term standard mean interim period financi report period shorter full financi year interim financi report mean financi report complet set financi statement ia present financi statement set condens financi statement standard interim period content interim financi report ia defin complet set financi statement includ compon balanc sheet incom statement statement show equiti ii equiti aris capit transact owner distribut owner cash flow statement account polici explanatori note interest timeli cost consider avoid repetit inform previous report enterpris requir elect provid inform interim date compar annual financi statement standard defin minimum content interim financi report includ condens financi statement select explanatori note interim financi report intend provid updat latest complet set annual financi statement focus activ event circumst duplic inform previous report standard intend prohibit discourag enterpris publish complet set financi statement ia interim financi report condens financi statement select explanatori note standard prohibit discourag enterpris includ condens interim financi statement minimum line item select explanatori note set standard recognit measur guidanc standard appli complet financi statement interim period statement includ disclosur requir standard select note disclosur paragraph requir intern account standard minimum compon interim financi report interim financi report includ minimum compon condens balanc sheet condens incom statement condens statement show equiti ii equiti aris capit transact owner distribut owner condens cash flow statement select explanatori note form content interim financi statement enterpris publish complet set financi statement interim financi report form content statement conform requir ia complet set financi statement enterpris publish set condens financi statement interim financi report condens statement includ minimum head subtot includ recent annual financi statement select explanatori note requir standard addit line item note includ omiss make condens interim financi statement mislead basic dilut earn share present face incom statement complet condens interim period ia guidanc structur financi statement includ appendix quot illustr financi statement structur quot guidanc major head subtot ia requir statement show equiti present separ compon enterpris financi statement permit inform equiti aris capit transact owner distribut owner shown face statement altern note enterpris format interim statement show equiti recent annual statement interim financi report prepar consolid basi enterpris recent annual financi statement consolid statement parent separ financi statement consist compar consolid statement recent annual financi report enterpris annual financi report includ parent separ financi statement addit consolid financi statement standard requir prohibit inclus parent separ statement enterpris interim financi report select explanatori note user enterpris interim financi report access recent annual financi report enterpris unnecessari note interim financi report provid insignific updat inform report note recent annual report interim date explan event transact signific understand financi posit perform enterpris annual report date enterpris includ inform minimum note interim financi statement materi disclos interim financi report inform report financi year date basi enterpris disclos event transact materi understand current interim period statement account polici method comput interim financi statement compar recent annual financi statement polici method chang descript natur effect chang explanatori comment season cyclic interim oper natur amount item affect asset liabil equiti net incom cash flow unusu natur size incid natur amount estim amount report prior interim period current financi year estim amount report prior financi year materi effect current interim period issuanc repurchas repay debt equiti secur dividend paid aggreg share separ ordinari share share segment revenu segment result busi segment geograph segment whichev enterpris primari basi segment report disclosur segment data requir enterpris interim financi report ia segment report requir enterpris disclos segment data annual financi statement materi event subsequ end interim period reflect financi statement interim period effect composit enterpris interim period includ busi combin acquisit dispos subsidiari long term invest restructur discontinu oper conting liabil conting asset annual balanc sheet date exampl kind disclosur requir paragraph set individu intern account standard provid guidanc disclosur item write inventori net realis revers write recognit loss impair properti plant equip intang asset asset revers impair loss revers provis cost restructur acquisit dispos item properti plant equip commit purchas properti plant equip litig settlement correct fundament error previous report financi data extraordinari item debt default breach debt coven correct subsequ relat parti transact intern account standard disclosur made financi statement context financi statement mean complet set financi statement type includ annual financi report includ report disclosur requir intern account standard requir enterpris interim financi report includ condens financi statement select explanatori note complet set financi statement disclosur complianc ia enterpris interim financi report complianc intern account standard fact disclos interim financi report compli intern account standard compli requir applic standard applic interpret stand interpret committe period interim financi statement requir present interim report includ interim financi statement condens complet period balanc sheet end current interim period compar balanc sheet end immedi preced financi year incom statement current interim period cumul current financi year date compar incom statement compar interim period current year date immedi preced financi year statement show equiti cumul current financi year date compar statement compar year date period immedi preced financi year cash flow statement cumul current financi year date compar statement compar year date period immedi preced financi year enterpris busi highli season financi inform month end interim report date compar inform prior month period enterpris busi highli season encourag report inform addit inform call preced paragraph appendix illustr period requir present enterpris report half yearli enterpris report quarterli materi decid recognis measur classifi disclos item interim financi report purpos materi assess relat interim period financi data make assess materi recognis interim measur reli estim greater extent measur annual financi data quot prefac intern account standard quot state quot intern account standard intend appli immateri item quot framework state quot inform materi omiss misstat influenc econom decis user basi financi statement quot ia net profit loss period fundament error account polici requir separ disclosur materi extraordinari item unusu ordinari item discontinu oper account estim fundament error account polici ia quantifi guidanc materi judgement requir assess materi financi report purpos standard base recognit disclosur decis data interim period reason understand interim figur unusu extraordinari item account polici estim fundament error recognis disclos base materi relat interim period data avoid mislead infer result nondisclosur overrid goal ensur interim financi report includ inform relev understand enterpris financi posit perform interim period disclosur annual financi statement estim amount report interim period chang significantli final interim period financi year separ financi report publish final interim period natur amount chang estim disclos note annual financi statement financi year ia requir disclosur natur practic amount chang estim materi effect current period expect materi effect subsequ period paragraph standard requir similar disclosur interim financi report exampl includ estim final interim period relat inventori write down restructur impair loss report earlier interim period financi year disclosur requir preced paragraph consist ia requir intend narrow scope relat chang estim enterpris requir includ addit interim period financi inform annual financi statement recognit measur account polici annual enterpris appli account polici interim financi statement appli annual financi statement account polici made date recent annual financi statement reflect annual financi statement frequenc enterpris report annual half yearli quarterli affect measur annual result achiev object measur interim report purpos made year date basi requir enterpris appli account polici interim financi statement annual statement suggest interim period measur made interim period stand independ report period provid frequenc enterpris report affect measur annual result paragraph acknowledg interim period part larger financi year year date measur involv estim amount report prior interim period current financi year principl recognis asset liabil incom expens interim period annual financi statement illustr principl recognis measur loss inventori write down restructur impair interim period enterpris follow prepar annual financi statement item recognis measur interim period estim subsequ interim period financi year origin estim chang subsequ interim period accrual addit amount loss revers previous recognis amount cost meet definit asset end interim period defer balanc sheet await futur inform met definit asset smooth earn interim period financi year incom tax expens recognis interim period base estim weight averag annual incom tax rate expect full financi year amount accru incom tax expens interim period adjust subsequ interim period financi year estim annual incom tax rate framework prepar present financi statement framework recognit quot process incorpor balanc sheet incom statement item meet definit element satisfi criteria recognit quot definit asset liabil incom expens fundament recognit annual interim financi report date asset test futur econom benefit appli interim date end enterpris financi year cost natur qualifi asset financi year end qualifi interim date similarli liabil interim report date repres exist oblig date annual report date essenti characterist incom revenu expens relat inflow outflow asset liabil place inflow outflow place relat revenu expens recognis recognis framework quot expens recognis incom statement decreas futur econom benefit relat decreas asset increas liabil arisen measur reliabl framework recognit item balanc sheet meet definit asset liabil quot measur asset liabil incom expens cash flow report financi statement enterpris report annual account inform financi year measur effect year date basi enterpris report half yearli inform mid year shortli make measur financi statement month period inform year end shortli month period month measur reflect estim amount report month period amount report interim financi report month period retrospect adjust paragraph requir natur amount signific estim disclos enterpris report frequent half yearli measur incom expens year date basi interim period inform set financi statement prepar amount incom expens report current interim period reflect estim amount report prior interim period financi year amount report prior interim period retrospect adjust paragraph requir natur amount signific estim disclos revenu receiv season cyclic occasion revenu receiv season cyclic occasion financi year anticip defer interim date anticip deferr end enterpris financi year exampl includ dividend revenu royalti govern grant addition enterpris consist earn revenu interim period financi year interim period season revenu retail revenu recognis occur cost incur unevenli financi year cost incur unevenli enterpris financi year anticip defer interim report purpos anticip defer type cost end financi year appli recognit measur principl appendix exampl appli gener recognit measur principl set paragraph estim measur procedur interim financi report design ensur result inform reliabl materi financi inform relev understand financi posit perform enterpris appropri disclos measur annual interim financi report base reason estim prepar interim financi report gener requir greater estim method annual financi report appendix exampl estim interim period restat previous report interim period chang account polici transit intern account standard reflect restat financi statement prior interim period current financi year compar interim period prior financi year paragraph enterpris benchmark treatment ia restat financi statement prior interim period current financi year enterpris allow altern treatment ia case compar interim period prior financi year restat object preced principl ensur singl account polici appli class transact entir financi year ia chang account polici reflect retrospect applic restat prior period financi data practic amount adjust relat prior financi year determin ia polici appli prospect allow altern includ entir cumul retrospect adjust determin net profit loss period account polici chang effect principl paragraph requir current financi year chang account polici appli retrospect begin financi year account reflect interim date financi year differ account polici appli class transact singl financi year result interim alloc difficulti obscur oper result complic analysi understand interim period inform effect date intern account standard oper financi statement cover period begin januari earlier applic encourag intern account standard ia discontinu oper intern account standard approv iasc board april effect financi statement cover period begin januari standard supersed paragraph ia net profit loss period fundament error account polici paragraph introduct paragraph standard paragraph appendix amend conform terminolog ia revis event balanc sheet date ia provis conting liabil conting asset introduct standard ia address present disclosur relat discontinu oper matter dealt briefli paragraph ia net profit loss period fundament error account polici ia supersed paragraph ia ia effect financi statement period begin januari earlier applic encourag object ia establish basi segreg inform major oper enterpris discontinu inform continu oper minimum disclosur discontinu oper distinguish discontinu continu oper improv abil investor creditor user financi statement make project enterpris cash flow earn gener capac financi posit discontinu oper larg compon enterpris busi geograph segment ia segment report enterpris pursuant singl plan dispos substanti entireti termin abandon piecem sale standard term quot discontinu oper quot tradit quot discontinu oper quot quot discontinu oper quot past tens impli recognit discontinu end process discontinu oper standard requir disclosur discontinu oper begin earlier detail formal plan dispos adopt announc enterpris contract dispos present disclosur standard focus present discontinu oper enterpris financi statement inform disclos establish principl decid recognis measur incom expens cash flow asset liabil relat discontinu oper requir enterpris follow recognit measur principl intern account standard standard inform plan discontinu initi disclos set financi statement issu enterpris enter agreement sell substanti asset discontinu oper board director similar govern bodi approv announc plan discontinu requir disclosur includ descript discontinu oper busi geograph segment report date natur initi disclosur event time expect complet carri amount total asset total liabil dispos amount revenu expens pre tax profit loss attribut discontinu oper relat incom tax expens net cash flow attribut oper invest financ activ discontinu oper amount gain loss recognis dispos asset settlement liabil attribut discontinu oper relat incom tax expens net sell price dispos cost sale net asset enterpris enter bind sale agreement expect time thereof carri amount net asset financi statement period initi disclosur updat disclosur includ descript signific amount time cash flow relat asset liabil dispos settl disclosur made plan dispos approv publicli announc end enterpris financi report period financi statement period authoris issu disclosur continu complet dispos compar inform prior period present financi statement prepar initi disclosur restat segreg continu discontinu asset liabil incom expens cash flow separ discontinu continu oper retrospect abil user financi statement make project improv content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard establish principl report inform discontinu oper enhanc abil user financi statement make project enterpris cash flow earn gener capac financi posit segreg inform discontinu oper inform continu oper scope standard appli discontinu oper enterpris definit discontinu oper discontinu oper compon enterpris enterpris pursuant singl plan dispos substanti entireti sell compon singl transact demerg spin ownership compon enterpris sharehold ii dispos piecem sell compon asset settl liabil individu iii termin abandon repres separ major line busi geograph area oper distinguish operation financi report purpos criterion definit paragraph discontinu oper dispos entireti piecem pursuant plan discontinu entir compon enterpris sell compon substanti entireti result net gain net loss discontinu singl date bind sale agreement enter actual transfer possess control discontinu oper occur date payment seller occur time agreement time transfer extend futur period dispos major compon entireti enterpris discontinu dispos compon sell asset settl liabil piecem individu small group piecem dispos result net gain net loss sale individu asset settlement individu liabil opposit effect singl date bind sale agreement enter sale asset settlement liabil occur period month longer end financi report period occur part dispos period qualifi discontinu oper dispos pursuant singl ordin plan enterpris termin oper abandon substanti sale asset abandon oper discontinu oper satisfi criteria definit chang scope oper manner conduct abandon oper chang continu busi enterpris frequent close facil abandon product product line chang size work forc respons market forc kind termin gener discontinu oper term standard occur connect discontinu oper exampl activ necessarili satisfi criterion paragraph combin circumst includ gradual evolutionari phase product line class servic discontinu abruptli product ongo line busi shift product market activ line busi locat close facil achiev product improv cost save sell subsidiari activ similar parent subsidiari report busi segment geograph segment defin ia segment report satisfi criterion definit discontinu oper paragraph repres separ major line busi geograph area oper part segment defin ia satisfi criterion definit enterpris oper singl busi geograph segment report segment inform major product servic line satisfi criteria definit ia permit requir stage vertic integr oper identifi separ busi segment vertic integr busi segment satisfi criterion definit discontinu oper compon distinguish operation financi report purpos criterion definit paragraph oper asset liabil directli attribut incom gross revenu directli attribut major oper expens directli attribut asset liabil incom expens directli attribut compon elimin compon sold abandon dispos interest financ cost attribut discontinu oper relat debt similarli attribut defin standard discontinu oper expect occur infrequ classifi discontinu oper qualifi restructur ia provis conting liabil conting asset infrequ occur event qualifi discontinu oper restructur result item incom expens requir separ disclosur pursuant ia net profit loss period fundament error account polici size natur incid make relev explain perform enterpris period fact dispos compon enterpris classifi discontinu oper standard bring question enterpris abil continu concern ia present financi statement requir disclosur uncertainti relat enterpris abil continu concern conclus enterpris concern initi disclosur event respect discontinu oper initi disclosur event occurr whichev occur earlier enterpris enter bind sale agreement substanti asset attribut discontinu oper enterpris board director similar govern bodi approv detail formal plan discontinu ii made announc plan recognit measur enterpris appli principl recognit measur set intern account standard purpos decid recognis measur asset liabil incom expens cash flow relat discontinu oper standard establish recognit measur principl requir enterpris follow recognit measur principl establish standard standard relev regard ia impair asset ia provis conting liabil conting asset standard relev includ ia employe benefit respect recognit termin benefit ia properti plant equip respect dispos kind asset provis discontinu oper restructur term defin ia provis conting liabil conting asset ia guidanc requir standard includ constitut quot detail formal plan discontinu quot term paragraph standard constitut quot announc plan quot term paragraph standard ia defin provis recognis case event oblig enterpris occur end financi report period financi statement period authoris issu paragraph standard requir disclosur discontinu oper case impair loss approv announc plan discontinu indic asset attribut discontinu oper impair impair loss previous recognis asset increas revers accord ia impair asset enterpris estim recover amount asset discontinu oper higher asset net sell price recognis impair loss revers prior impair loss appli ia discontinu oper enterpris determin recover amount asset discontinu oper assess individu asset asset cash gener unit defin ia smallest identifi group asset includ asset review gener cash inflow continu larg independ cash inflow asset group asset enterpris sell discontinu oper substanti entireti asset discontinu oper gener cash inflow independ asset discontinu oper recover amount determin discontinu oper impair loss alloc asset discontinu oper accord ia enterpris dispos discontinu oper wai piecem sale recover amount determin individu asset asset sold group enterpris abandon discontinu oper recover amount determin individu asset set ia announc plan negoti potenti purchas discontinu oper actual bind sale agreement asset discontinu oper impair impair loss recognis asset prior period decreas consequ event occur enterpris estim recover amount asset discontinu oper recognis result impair loss revers impair loss accord ia price bind sale agreement evid asset cash gener unit net sell price estim cash inflow ultim dispos determin asset cash gener unit carri amount recover amount discontinu oper includ carri amount recover amount goodwil alloc reason consist basi discontinu oper present disclosur initi disclosur enterpris includ inform relat discontinu oper financi statement begin financi statement period initi disclosur event defin paragraph occur descript discontinu oper busi geograph segment report accord ia date natur initi disclosur event date period discontinu expect complet determin carri amount balanc sheet date total asset total liabil dispos amount revenu expens pre tax profit loss ordinari activ attribut discontinu oper current financi report period incom tax expens relat thereto requir paragraph ia amount net cash flow attribut oper invest financ activ discontinu oper current financi report period measur asset liabil revenu expens gain loss cash flow discontinu oper purpos disclosur requir standard item attribut discontinu oper dispos settl reduc elimin discontinu complet extent item continu complet discontinu alloc discontinu oper initi disclosur event occur end enterpris financi report period financi statement period authoris issu financi statement includ disclosur paragraph period cover financi statement board director enterpris financi year end decemb approv plan discontinu oper decemb announc plan januari board authoris financi statement issu march financi statement includ disclosur requir paragraph disclosur enterpris dispos asset settl liabil attribut discontinu oper enter bind agreement sale asset settlement liabil includ financi statement inform event occur gain loss recognis dispos asset settlement liabil attribut discontinu oper amount pre tax gain loss ii incom tax expens relat gain loss requir paragraph ia net sell price rang price deduct expect dispos cost net asset enterpris enter bind sale agreement expect time receipt cash flow carri amount net asset asset dispos liabil settlement bind sale agreement refer preced paragraph occur concurr initi disclosur event period initi disclosur event occur period accord ia event balanc sheet date asset attribut discontinu oper sold subject bind sale agreement enter financi year end board approv financi statement issu financi statement includ disclosur requir paragraph disclosur affect abil user financi statement make proper evalu decis updat disclosur addit disclosur paragraph enterpris includ financi statement period subsequ initi disclosur event occur descript signific amount time cash flow relat asset liabil dispos settl event caus exampl event activ disclos includ natur term bind sale agreement asset demerg asset spin separ equiti secur enterpris sharehold legal regulatori approv disclosur requir paragraph continu financi statement period includ period discontinu complet discontinu complet plan substanti complet abandon payment buyer seller complet enterpris abandon withdraw plan previous report discontinu oper fact effect disclos purpos appli preced paragraph disclosur effect includ revers prior impair loss provis recognis respect discontinu oper separ disclosur discontinu oper disclosur requir standard present separ discontinu oper present requir disclosur face financi statement note disclosur requir paragraph present note financi statement face financi statement disclosur amount pre tax gain loss recognis dispos asset settlement liabil attribut discontinu oper paragraph shown face incom statement disclosur requir paragraph encourag present face incom statement cash flow statement extraordinari item discontinu oper present extraordinari item ia defin extraordinari item quot incom expens aris event transact distinct ordinari activ enterpris expect recur frequent regularli quot exampl extraordinari item cite ia expropri asset natur disast type event control manag enterpris defin standard discontinu oper base singl plan enterpris manag sell dispos major portion busi restrict term quot discontinu oper quot restructur transact event meet definit discontinu oper standard call discontinu oper illustr disclosur appendix exampl present disclosur requir standard restat prior period compar inform prior period present financi statement prepar initi disclosur event restat segreg continu discontinu asset liabil incom expens cash flow manner similar requir paragraph appendix illustr applic preced paragraph disclosur interim financi report note interim financi report describ signific activ event end recent annual report period relat discontinu oper signific amount time cash flow relat asset liabil dispos settl principl consist approach ia interim financi report note interim financi report intend explain signific annual report date effect date intern account standard oper financi statement cover period begin januari earlier applic encourag financi statement period end standard publish standard supersed paragraph ia net profit loss period fundament error account polici intern account standard ia impair asset intern account standard approv iasc board april effect financi statement cover period begin juli juli approv ia intang asset ia revis busi combin result cross refer terminolog introduct paragraph addit ia ad definit quot activ market quot paragraph final minor word inconsist appendix paragraph correct april ia invest properti amend paragraph amend effect financi statement cover period begin januari januari ia agricultur amend paragraph amend effect financi statement cover period begin januari introduct standard quot ia quot prescrib account disclosur impair asset replac requir assess recover asset recognis impair loss includ ia revis properti plant equip ia revis ia revis busi combin ia revis ia reformat account invest associ ia revis ia reformat financi report interest joint ventur ia revis major previou requir explan principl ia set separ basi conclus ia cover impair inventori defer tax asset asset aris construct contract asset aris employe benefit financi asset ia requir recover amount asset estim indic asset impair specif case intern account standard applic asset includ requir addit review ia intang asset ia revis busi combin requir recover amount intang asset goodwil amortis year estim annual ia requir impair loss recognis asset impair carri amount asset exce recover amount impair loss recognis incom statement asset carri cost treat revalu decreas asset carri revalu amount ia requir recover amount measur higher net sell price net sell price amount obtain sale asset arm length transact knowledg parti deduct direct increment dispos cost present estim futur cash flow expect aris continu asset dispos end life determin asset ia requir enterpris thing cash flow project base reason support assumpt reflect asset current condit ii repres manag estim set econom condit exist remain life asset pre tax discount rate reflect current market assess time monei risk specif asset discount rate reflect risk futur cash flow adjust recover amount estim individu asset ia requir enterpris determin recover amount cash gener unit asset belong cash gener unit smallest identifi group asset gener cash inflow continu larg independ cash inflow asset group asset output produc asset group asset trade activ market asset group asset identifi separ cash gener unit product asset group asset intern appendix illustr exampl includ exampl identif cash gener unit test cash gener unit impair ia requir goodwil corpor asset head offic asset relat cash gener unit consid ia specifi principl recognis measur impair loss cash gener unit individu asset ia specifi determin carri amount cash gener unit alloc impair loss asset unit ia requir impair loss recognis prior year revers chang estim determin recover amount impair loss recognis impair loss revers extent increas carri amount asset carri amount determin asset net amortis depreci impair loss recognis prior year revers impair loss recognis incom statement asset carri cost treat revalu increas asset carri revalu amount ia requir impair loss goodwil revers impair loss caus specif extern event except natur expect recur subsequ extern event revers effect event impair loss recognis revers ia requir inform disclos class asset report segment base enterpris primari format requir enterpris appli ia segment report ia requir disclosur impair loss recognis revers period materi financi statement report enterpris adopt ia appli prospect basi impair loss recognis revers treat ia benchmark allow altern treatment account polici ia net profit loss period fundament error account polici ia effect account period begin juli earlier applic encourag content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib procedur enterpris appli ensur asset carri recover amount asset carri recover amount carri amount exce amount recov sale asset case asset impair standard requir enterpris recognis impair loss standard specifi enterpris revers impair loss prescrib disclosur impair asset scope standard appli account impair asset inventori ia inventori asset aris construct contract ia construct contract defer tax asset ia incom tax asset aris employe benefit ia employe benefit financi asset includ scope ia financi instrument disclosur present invest properti measur fair ia invest properti biolog asset relat agricultur activ measur fair estim point sale cost ia agricultur standard appli inventori asset aris construct contract defer tax asset asset aris employe benefit exist intern account standard applic asset specif requir recognis measur asset standard appli subsidiari defin ia consolid financi statement account invest subsidiari associ defin ia account invest associ joint ventur defin ia financi report interest joint ventur impair financi asset refer ia financi instrument recognit measur standard appli asset carri revalu amount fair intern account standard allow altern treatment ia properti plant equip identifi revalu asset impair depend basi determin fair asset fair market differ asset fair net sell price direct increment cost dispos asset dispos cost neglig recover amount revalu asset necessarili close greater revalu amount fair case revalu requir appli revalu asset impair recover amount estim ii dispos cost neglig net sell price revalu asset necessarili fair revalu asset impair revalu amount fair case revalu requir appli enterpris appli standard determin asset impair asset fair determin basi market revalu amount fair greater lower recover amount revalu requir appli enterpris appli standard determin asset impair definit term standard mean recover amount higher asset net sell price present estim futur cash flow expect aris continu asset dispos end life net sell price amount obtain sale asset arm length transact knowledg parti cost dispos cost dispos increment cost directli attribut dispos asset exclud financ cost incom tax expens impair loss amount carri amount asset exce recover amount carri amount amount asset recognis balanc sheet deduct accumul depreci amortis accumul impair loss thereon depreci amortis systemat alloc depreci amount asset life depreci amount cost asset amount substitut cost financi statement residu life period time asset expect enterpris number product similar unit expect obtain asset enterpris cash gener unit smallest identifi group asset gener cash inflow continu larg independ cash inflow asset group asset corpor asset asset goodwil contribut futur cash flow cash gener unit review cash gener unit activ market market condit exist item trade market homogen buyer seller found time price public identifi asset impair paragraph recover amount determin requir term quot asset quot appli equal individu asset cash gener unit asset impair carri amount asset exce recover amount paragraph describ indic impair loss occur indic present enterpris requir make formal estim recover amount indic potenti impair loss present standard requir enterpris make formal estim recover amount enterpris assess balanc sheet date indic asset impair indic exist enterpris estim recover amount asset assess indic asset impair enterpris minimum indic extern sourc inform period asset market declin significantli expect result passag time normal signific advers effect enterpris place period place futur technolog market econom legal environ enterpris oper market asset dedic market interest rate market rate return invest increas period increas affect discount rate calcul asset decreas asset recover amount materi carri amount net asset report enterpris market capitalis intern sourc inform evid obsolesc physic damag asset signific advers effect enterpris place period expect place futur extent manner asset expect includ plan discontinu restructur oper asset belong dispos asset previous expect date evid intern report econom perform asset wors expect list paragraph exhaust enterpris identifi indic asset impair requir enterpris determin asset recover amount evid intern report asset impair includ exist cash flow acquir asset subsequ cash oper maintain significantli higher origin budget actual net cash flow oper profit loss flow asset significantli wors budget signific declin budget net cash flow oper profit signific increas budget loss flow asset oper loss net cash outflow asset current period figur aggreg budget figur futur concept materi appli identifi recover amount asset estim previou calcul show asset recover amount significantli greater carri amount enterpris estim asset recover amount event occur elimin differ similarli previou analysi show asset recover amount sensit indic list paragraph illustr paragraph market interest rate market rate return invest increas period enterpris requir make formal estim asset recover amount case discount rate calcul asset affect increas market rate increas short term interest rate materi effect discount rate asset long remain life discount rate calcul asset affect increas market rate previou sensit analysi recover amount show materi decreas recover amount futur cash flow increas case enterpris demonstr adjust revenu compens increas market rate ii decreas recover amount result materi impair loss indic asset impair remain life depreci amortis method residu asset review adjust intern account standard applic asset impair loss recognis asset measur recover amount standard defin recover amount higher asset net sell price paragraph set requir measur recover amount requir term quot asset quot appli equal individu asset cash gener unit determin asset net sell price amount exce asset carri amount asset impair estim amount determin net sell price asset trade activ market determin net sell price basi make reliabl estim amount obtain sale asset arm length transact knowledg parti case recover amount asset reason asset materi exce net sell price asset recover amount net sell price case asset held dispos asset held dispos consist net dispos proce futur cash flow continu asset dispos neglig recover amount determin individu asset asset gener cash inflow continu larg independ asset group asset case recover amount determin cash gener unit asset belong paragraph asset net sell price higher carri amount asset estim close net sell price net sell price determin case estim averag comput shortcut provid reason approxim detail comput illustr standard determin net sell price net sell price evid asset net sell price price bind sale agreement arm length transact adjust increment cost directli attribut dispos asset bind sale agreement asset trade activ market net sell price asset market price cost dispos market price current bid price current bid price unavail price recent transact provid basi estim net sell price provid signific chang econom circumst transact date date estim made bind sale agreement activ market asset net sell price base inform reflect amount enterpris obtain balanc sheet date dispos asset arm length transact knowledg parti deduct cost dispos determin amount enterpris consid outcom recent transact similar asset industri net sell price reflect forc sale manag compel sell immedi cost dispos recognis liabil deduct determin net sell price exampl cost legal cost stamp duti similar transact tax cost remov asset direct increment cost bring asset condit sale termin benefit defin ia employe benefit cost reduc reorganis busi dispos asset direct increment cost dispos asset dispos asset requir buyer liabil singl net sell price asset liabil paragraph explain deal case estim asset involv step estim futur cash inflow outflow deriv continu asset ultim dispos appli discount rate futur cash flow basi estim futur cash flow measur cash flow project base reason support assumpt repres manag estim set econom condit exist remain life asset greater weight extern evid cash flow project base recent financi budget forecast approv manag project base budget forecast cover maximum period year longer period justifi cash flow project period cover recent budget forecast estim extrapol project base budget forecast steadi declin growth rate subsequ year increas rate justifi growth rate exce long term averag growth rate product industri countri countri enterpris oper market asset higher rate justifi detail explicit reliabl financi budget forecast futur cash flow period longer year gener reason manag estim futur cash flow base recent budget forecast maximum year manag cash flow project base financi budget forecast period longer year manag confid project reliabl demonstr abil base past experi forecast cash flow accur longer period cash flow project end asset life estim extrapol cash flow project base financi budget forecast growth rate subsequ year rate steadi declin increas rate match object inform pattern product industri lifecycl growth rate neg condit favour competitor enter market restrict growth enterpris difficulti exceed averag histor growth rate long term year product industri countri countri enterpris oper market asset inform financi budget forecast enterpris consid inform reflect reason support assumpt repres manag estim set econom condit exist remain life asset composit estim futur cash flow estim futur cash flow includ project cash inflow continu asset project cash outflow necessarili incur gener cash inflow continu asset includ cash outflow prepar asset directli attribut alloc reason consist basi asset net cash flow receiv paid dispos asset end life estim futur cash flow discount rate reflect consist assumpt price increas due gener inflat discount rate includ effect price increas due gener inflat futur cash flow estim nomin term discount rate exclud effect price increas due gener inflat futur cash flow estim real term includ futur specif price increas decreas project cash outflow includ futur overhead attribut directli alloc reason consist basi asset carri amount asset includ cash outflow incur readi sale estim futur cash outflow includ estim cash outflow expect incur asset readi sale case build construct develop project complet avoid doubl count estim futur cash flow includ cash inflow asset gener cash inflow continu larg independ cash inflow asset review financi asset receiv cash outflow relat oblig recognis liabil payabl pension provis futur cash flow estim asset current condit estim futur cash flow includ estim futur cash inflow outflow expect aris futur restructur enterpris commit futur capit expenditur improv enhanc asset excess origin assess standard perform futur cash flow estim asset current condit reflect futur cash outflow relat cost save reduct staff cost benefit expect aris futur restructur enterpris commit futur capit expenditur improv enhanc asset excess origin assess standard perform relat futur benefit futur expenditur restructur programm plan control manag materi scope busi undertaken enterpris manner busi conduct ia provis conting liabil conting asset guidanc clarifi enterpris commit restructur enterpris commit restructur asset affect restructur enterpris commit restructur determin estim futur cash inflow cash outflow reflect cost save benefit restructur base recent financi budget forecast approv manag estim futur cash outflow restructur dealt restructur provis ia provis conting liabil conting asset appendix illustr effect futur restructur calcul enterpris incur capit expenditur improv enhanc asset excess origin assess standard perform estim futur cash flow includ estim futur cash inflow expect aris expenditur appendix estim futur cash flow includ futur capit expenditur maintain sustain asset origin assess standard perform estim futur cash flow includ cash inflow outflow financ activ incom tax receipt payment estim futur cash flow reflect assumpt consist discount rate determin effect assumpt count time monei consid discount estim futur cash flow cash flow exclud cash inflow outflow financ activ similarli discount rate determin pre tax basi futur cash flow estim pre tax basi estim net cash flow receiv paid dispos asset end life amount enterpris expect obtain dispos asset arm length transact knowledg parti deduct estim cost dispos estim net cash flow receiv paid dispos asset end life determin similar asset net sell price estim net cash flow enterpris price prevail date estim similar asset reach end life oper condit similar asset price adjust effect futur price increas due gener inflat specif futur price increas decreas estim futur cash flow asset continu discount rate exclud effect gener inflat effect exclud estim net cash flow dispos foreign currenc futur cash flow futur cash flow estim currenc gener discount discount rate currenc enterpris translat present obtain spot exchang rate balanc sheet date ia effect foreign exchang rate close rate discount rate discount rate rate pre tax rate rate reflect current market assess time monei risk specif asset discount rate reflect risk futur cash flow estim adjust rate reflect current market assess time monei risk specif asset return investor requir choos invest gener cash flow amount time risk profil equival enterpris expect deriv asset rate estim rate implicit current market transact similar asset weight averag cost capit list enterpris singl asset portfolio asset similar term servic potenti risk asset review asset specif rate directli market enterpris surrog estim discount rate purpos estim market assess time monei period end asset life risk futur cash flow differ amount time estim start point enterpris account rate enterpris weight averag cost capit determin techniqu capit asset price model enterpris increment borrow rate market borrow rate rate adjust reflect market assess specif risk project cash flow exclud risk relev project cash flow consider risk countri risk currenc risk price risk cash flow risk avoid doubl count discount rate reflect risk futur cash flow estim adjust discount rate independ enterpris capit structur enterpris financ purchas asset futur cash flow expect aris asset depend enterpris financ purchas asset basi rate post tax basi adjust reflect pre tax rate enterpris singl discount rate estim asset enterpris separ discount rate futur period sensit differ risk period term structur interest rate recognit measur impair loss paragraph set requir recognis measur impair loss individu asset recognit measur impair loss cash gener unit dealt paragraph recover amount asset carri amount carri amount asset reduc recover amount reduct impair loss impair loss recognis expens incom statement immedi asset carri revalu amount intern account standard allow altern treatment ia properti plant equip impair loss revalu asset treat revalu decreas intern account standard impair loss revalu asset recognis expens incom statement impair loss revalu asset recognis directli revalu surplu asset extent impair loss exce amount held revalu surplu asset amount estim impair loss greater carri amount asset relat enterpris recognis liabil requir intern account standard recognit impair loss depreci amortis charg asset adjust futur period alloc asset revis carri amount residu systemat basi remain life impair loss recognis relat defer tax asset liabil determin ia incom tax compar revis carri amount asset tax base appendix cash gener unit paragraph set requir identifi cash gener unit asset belong determin carri amount recognis impair loss cash gener unit identif cash gener unit asset belong indic asset impair recover amount estim individu asset estim recover amount individu asset enterpris determin recover amount cash gener unit asset belong asset cash gener unit recover amount individu asset determin asset estim close net sell price futur cash flow continu asset estim neglig asset gener cash inflow continu larg independ asset case recover amount determin asset cash gener unit mine enterpris own privat railwai support mine activ privat railwai sold scrap privat railwai gener cash inflow continu larg independ cash inflow asset mine estim recover amount privat railwai privat railwai determin scrap enterpris estim recover amount cash gener unit privat railwai belong mine defin paragraph asset cash gener unit smallest group asset includ asset gener cash inflow continu larg independ cash inflow asset group asset identif asset cash gener unit involv judgement recover amount determin individu asset enterpris identifi lowest aggreg asset gener larg independ cash inflow continu bu compani servic contract municip requir minimum servic separ rout asset devot rout cash flow rout identifi separ rout oper signific loss enterpris option curtail bu rout lowest level identifi cash inflow continu larg independ cash inflow asset group asset cash inflow gener rout cash gener unit rout bu compani cash inflow continu inflow cash cash equival receiv parti report enterpris identifi cash inflow asset group asset larg independ cash inflow asset group asset enterpris consid factor includ manag monitor enterpris oper product line busi individu locat district region area manag make decis continu dispos enterpris asset oper appendix exampl identif cash gener unit activ market exist output produc asset group asset asset group asset identifi cash gener unit output intern case manag estim futur market price output determin cash gener unit estim futur cash inflow relat intern output determin cash gener unit report enterpris estim futur cash outflow relat intern output part output produc asset group asset unit report enterpris product intermedi stage product process asset group asset form separ cash gener unit enterpris sell output activ market asset group asset gener cash inflow continu larg independ cash inflow asset group asset inform base financi budget forecast relat cash gener unit enterpris adjust inform intern transfer price reflect manag estim futur market price cash gener unit output cash gener unit identifi consist period period asset type asset chang justifi enterpris determin asset belong cash gener unit previou period type asset aggreg asset cash gener unit chang paragraph requir disclosur cash gener unit impair loss recognis revers cash gener unit materi financi statement report enterpris recover amount carri amount cash gener unit recover amount cash gener unit higher cash gener unit net sell price purpos determin recover amount cash gener unit refer paragraph quot asset quot read refer quot cash gener unit quot carri amount cash gener unit determin consist recover amount cash gener unit determin carri amount cash gener unit includ carri amount asset attribut directli alloc reason consist basi cash gener unit gener futur cash inflow estim determin cash gener unit includ carri amount recognis liabil recover amount cash gener unit determin consider liabil net sell price cash gener unit determin exclud cash flow relat asset part cash gener unit liabil recognis financi statement paragraph asset group recover assess import includ cash gener unit asset gener relev stream cash inflow continu cash gener unit fulli recover fact impair loss occur case asset contribut estim futur cash flow cash gener unit alloc cash gener unit reason consist basi case goodwil corpor asset head offic asset paragraph explain deal asset test cash gener unit impair recognis liabil order determin recover amount cash gener unit occur dispos cash gener unit requir buyer liabil case net sell price estim cash flow ultim dispos cash gener unit estim sell price asset cash gener unit liabil cost dispos order perform meaning comparison carri amount cash gener unit recover amount carri amount liabil deduct determin cash gener unit carri amount compani oper mine countri legisl requir owner restor site complet mine oper cost restor includ replac overburden remov mine oper commenc provis cost replac overburden recognis overburden remov amount provid recognis part cost mine depreci mine life carri amount provis restor cost equal present restor cost enterpris test mine impair cash gener unit mine mine enterpris receiv offer bui mine price price encompass fact buyer oblig restor overburden dispos cost mine neglig mine approxim exclud restor cost carri amount mine net sell price cash gener unit amount consid restor cost provid consequ cash gener unit determin consider restor cost estim carri amount cash gener unit carri amount mine carri amount provis restor cost practic reason recover amount cash gener unit determin consider asset part cash gener unit receiv financi asset liabil recognis financi statement payabl pension provis case carri amount cash gener unit increas carri amount asset decreas carri amount liabil goodwil goodwil aris acquisit repres payment made acquir anticip futur econom benefit futur econom benefit result synergi identifi asset acquir asset individu qualifi recognit financi statement goodwil gener cash flow independ asset group asset recover amount goodwil individu asset determin consequ indic goodwil impair recover amount determin cash gener unit goodwil belong amount compar carri amount cash gener unit impair loss recognis accord paragraph test cash gener unit impair enterpris identifi goodwil relat cash gener unit recognis financi statement case enterpris perform quot bottom quot test enterpris identifi carri amount goodwil alloc reason consist basi cash gener unit review ii compar recover amount cash gener unit review carri amount includ carri amount alloc goodwil recognis impair loss accord paragraph enterpris perform step quot bottom quot test carri amount goodwil alloc reason consist basi cash gener unit review perform quot bottom quot test enterpris alloc carri amount goodwil reason consist basi cash gener unit review enterpris perform quot top quot test enterpris identifi smallest cash gener unit includ cash gener unit review carri amount goodwil alloc reason consist basi quot larger quot cash gener unit ii compar recover amount larger cash gener unit carri amount includ carri amount alloc goodwil recognis impair loss accord paragraph cash gener unit test impair enterpris consid goodwil futur cash flow gener cash gener unit goodwil alloc reason consist basi enterpris appli quot bottom quot test alloc goodwil reason consist basi enterpris appli quot bottom quot test quot top quot test appendix quot bottom quot test ensur enterpris recognis impair loss exist cash gener unit includ goodwil alloc reason consist basi impractic alloc goodwil reason consist basi quot bottom quot test combin quot bottom quot quot top quot test ensur enterpris recognis impair loss exist cash gener unit exclud consider goodwil impair loss exist goodwil enterpris appli quot bottom quot test asset impair impair loss identifi larger cash gener unit quot top quot test relat goodwil alloc larger unit quot top quot test appli enterpris formal determin recover amount larger cash gener unit persuas evid risk larger cash gener unit impair paragraph corpor asset corpor asset includ group division asset build headquart divis enterpris edp equip research centr structur enterpris determin asset meet standard definit corpor asset cash gener unit kei characterist corpor asset gener cash inflow independ asset group asset carri amount fulli attribut cash gener unit review corpor asset gener separ cash inflow recover amount individu corpor asset determin manag decid dispos asset consequ indic corpor asset impair recover amount determin cash gener unit corpor asset belong compar carri amount cash gener unit impair loss recognis accord paragraph test cash gener unit impair enterpris identifi corpor asset relat cash gener unit review identifi corpor asset enterpris appli paragraph carri amount corpor asset alloc reason consist basi cash gener unit review enterpris appli quot bottom quot test carri amount corpor asset alloc reason consist basi cash gener unit review enterpris appli quot bottom quot quot top quot test deal corpor asset found appendix impair loss cash gener unit impair loss recognis cash gener unit recover amount carri amount impair loss alloc reduc carri amount asset unit order goodwil alloc cash gener unit asset unit pro rata basi base carri amount asset unit reduct carri amount treat impair loss individu asset recognis accord paragraph alloc impair loss paragraph carri amount asset reduc highest net sell price determin determin amount impair loss alloc asset alloc asset unit pro rata basi goodwil alloc cash gener unit reduc reduc carri amount asset unit natur practic estim recover amount individu asset cash gener unit standard requir arbitrari alloc impair loss asset unit goodwil asset cash gener unit work recover amount individu asset determin paragraph impair loss recognis asset carri amount greater higher net sell price result alloc procedur paragraph impair loss recognis asset relat cash gener unit impair appli asset net sell price carri amount machin suffer physic damag work net sell price machin carri amount machin gener independ cash inflow continu smallest identifi group asset includ machin gener cash inflow continu larg independ cash inflow asset product line machin belong recover amount product line show product line impair assumpt budget forecast approv manag reflect commit manag replac machin recover amount machin estim machin differ net sell price determin cash gener unit machin belong product line product line impair impair loss recognis machin enterpris reassess depreci period depreci method machin shorter depreci period faster depreci method requir reflect expect remain life machin pattern econom benefit consum enterpris assumpt budget forecast approv manag reflect commit manag replac machin sell futur cash flow continu machin dispos estim neglig machin estim close net sell price recover amount machin determin consider cash gener unit machin belong product line machin net sell price carri amount impair loss recognis machin requir paragraph appli liabil recognis remain amount impair loss cash gener unit requir intern account standard revers impair loss paragraph set requir revers impair loss recognis asset cash gener unit prior year requir term quot asset quot appli equal individu asset cash gener unit addit requir set individu asset paragraph cash gener unit paragraph goodwil paragraph enterpris assess balanc sheet date indic impair loss recognis asset prior year longer exist decreas indic exist enterpris estim recover amount asset assess indic impair loss recognis asset prior year longer exist decreas enterpris minimum indic extern sourc inform asset market increas significantli period signific favour effect enterpris place period place futur technolog market econom legal environ enterpris oper market asset dedic market interest rate market rate return invest decreas period decreas affect discount rate calcul asset increas asset recover amount materi intern sourc inform signific favour effect enterpris place period expect place futur extent manner asset expect includ capit expenditur incur period improv enhanc asset excess origin assess standard perform commit discontinu restructur oper asset belong evid intern report econom perform asset expect indic potenti decreas impair loss paragraph mirror indic potenti impair loss paragraph concept materi appli identifi impair loss recognis asset prior year revers recover amount asset determin indic impair loss recognis asset longer exist decreas remain life depreci amortis method residu review adjust accord intern account standard applic asset impair loss revers asset impair loss recognis asset prior year revers chang estim determin asset recover amount impair loss recognis case carri amount asset increas recover amount increas revers impair loss revers impair loss reflect increas estim servic potenti asset sale date enterpris recognis impair loss asset enterpris requir identifi chang estim increas estim servic potenti exampl estim includ chang basi recover amount recover amount base net sell price recover amount base chang amount time estim futur cash flow discount rate recover amount base net sell price chang estim compon net sell price asset greater asset carri amount simpli present futur cash inflow increas closer servic potenti asset increas impair loss revers passag time call quot unwind quot discount recover amount asset higher carri amount revers impair loss individu asset increas carri amount asset due revers impair loss exce carri amount determin net amortis depreci impair loss recognis asset prior year increas carri amount asset carri amount determin net amortis depreci impair loss recognis asset prior year revalu account revalu enterpris appli intern account standard applic asset revers impair loss asset recognis incom immedi incom statement asset carri revalu amount intern account standard allow altern treatment ia properti plant equip revers impair loss revalu asset treat revalu increas intern account standard revers impair loss revalu asset credit directli equiti head revalu surplu extent impair loss revalu asset previous recognis expens incom statement revers impair loss recognis incom incom statement revers impair loss recognis depreci amortis charg asset adjust futur period alloc asset revis carri amount residu systemat basi remain life revers impair loss cash gener unit revers impair loss cash gener unit alloc increas carri amount asset unit order asset goodwil pro rata basi base carri amount asset unit goodwil alloc cash gener unit requir paragraph met increas carri amount treat revers impair loss individu asset recognis accord paragraph alloc revers impair loss cash gener unit paragraph carri amount asset increas lower recover amount determin carri amount determin net amortis depreci impair loss recognis asset prior year amount revers impair loss alloc asset alloc asset unit pro rata basi revers impair loss goodwil except requir paragraph impair loss recognis goodwil revers subsequ period impair loss caus specif extern event except natur expect recur subsequ extern event occur revers effect event ia intang asset prohibit recognit intern gener goodwil subsequ increas recover amount goodwil increas intern gener goodwil increas relat revers effect specif extern event except natur standard permit impair loss revers goodwil chang estim chang discount rate amount time futur cash flow cash gener unit goodwil relat specif extern event event control enterpris exampl extern event except natur includ regul significantli curtail oper activ decreas profit busi goodwil relat disclosur class asset financi statement disclos amount impair loss recognis incom statement period line item incom statement impair loss includ amount revers impair loss recognis incom statement period line item incom statement impair loss revers amount impair loss recognis directli equiti period amount revers impair loss recognis directli equiti period class asset group asset similar natur enterpris oper inform requir paragraph present inform disclos class asset inform includ reconcili carri amount properti plant equip begin end period requir ia properti plant equip enterpris appli ia segment report disclos report segment base enterpris primari format defin ia amount impair loss recognis incom statement directli equiti period amount revers impair loss recognis incom statement directli equiti period impair loss individu asset cash gener unit recognis revers period materi financi statement report enterpris enterpris disclos event circumst led recognit revers impair loss amount impair loss recognis revers individu asset natur asset ii report segment asset belong base enterpris primari format defin ia segment report enterpris appli ia cash gener unit descript cash gener unit product line plant busi oper geograph area report segment defin ia ii amount impair loss recognis revers class asset report segment base enterpris primari format defin ia enterpris appli ia iii aggreg asset identifi cash gener unit chang previou estim cash gener unit recover amount enterpris describ current aggreg asset reason chang cash gener unit identifi recover amount asset cash gener unit net sell price recover amount net sell price basi determin net sell price sell price determin refer activ market recover amount discount rate current estim previou estim impair loss recognis revers period materi aggreg financi statement report enterpris enterpris disclos descript main class asset affect impair loss revers impair loss inform disclos paragraph main event circumst led recognit revers impair loss inform disclos paragraph enterpris encourag disclos kei assumpt determin recover amount asset cash gener unit period transit provis standard appli prospect basi impair loss revers impair loss result adopt intern account standard recognis accord standard incom statement asset carri revalu amount impair loss revers impair loss revalu asset treat revalu decreas increas adopt standard intern account standard includ requir broadli similar includ standard recognit revers impair loss aris previou assess standard detail measur recover amount asset cash gener unit difficult determin retrospect estim recover amount adopt standard enterpris appli benchmark allow altern treatment account polici ia net profit loss period fundament error account polici effect date intern account standard oper financi statement cover period begin juli earlier applic encourag enterpris appli standard financi statement cover period begin juli enterpris disclos fact intern account standard ia provis conting liabil conting asset intern account standard approv iasc board juli effect financi statement cover period begin juli introduct ia prescrib account disclosur provis conting liabil conting asset result financi instrument carri fair result executori contract contract oner executori contract contract parti perform oblig parti partial perform oblig equal extent aris insur enterpris contract policyhold cover intern account standard provis standard defin provis liabil uncertain time amount provis recognis enterpris present oblig legal construct result past event probabl outflow resourc embodi econom benefit requir settl oblig reliabl estim made amount oblig standard note extrem rare case reliabl estim standard defin construct oblig oblig deriv enterpris action establish pattern past practic publish polici suffici specif current statement enterpris parti accept respons result enterpris creat valid expect part parti discharg respons rare case law suit clear enterpris present oblig case past event deem give rise present oblig take account evid present oblig exist balanc sheet date enterpris recognis provis present oblig recognit criteria met present oblig exist enterpris disclos conting liabil possibl outflow resourc embodi econom benefit remot amount recognis provis estim expenditur requir settl present oblig balanc sheet date word amount enterpris ration pai settl oblig balanc sheet date transfer parti time standard requir enterpris measur provis risk uncertainti account uncertainti justifi creation excess provis deliber overstat liabil discount provis effect time monei materi pre tax discount rate rate reflect current market assess time monei risk specif liabil reflect estim expenditur discount increas provis due passag time recognis interest expens futur event law technolog account suffici object evid occur gain expect dispos asset account expect dispos close link event give rise provis enterpris expect reimburs expenditur requir settl provis insur contract indemn claus supplier warranti enterpris recognis reimburs virtual reimburs receiv enterpris settl oblig amount recognis reimburs exce amount provis recognis reimburs separ asset incom statement expens relat provis present net amount recognis reimburs provis review balanc sheet date adjust reflect current estim longer probabl outflow resourc embodi econom benefit requir settl oblig provis revers provis expenditur provis origin recognis provis specif applic standard explain gener recognit measur requir provis appli specif case futur oper loss oner contract restructur provis recognis futur oper loss expect futur oper loss indic asset oper impair case enterpris test asset impair ia impair asset enterpris contract oner present oblig contract recognis measur provis oner contract unavoid cost meet oblig contract exce econom benefit expect receiv standard defin restructur programm plan control manag materi scope busi undertaken enterpris manner busi conduct provis restructur cost recognis gener recognit criteria provis met context construct oblig restructur aris enterpris detail formal plan restructur identifi busi part busi concern ii princip locat affect iii locat function approxim number employe compens termin servic iv expenditur undertaken plan implement rais valid expect affect carri restructur start implement plan announc main featur affect manag board decis restructur give rise construct oblig balanc sheet date enterpris balanc sheet date start implement restructur plan commun restructur plan affect suffici specif manner rais valid expect enterpris carri restructur restructur involv sale oper oblig aris sale enterpris commit sale bind sale agreement restructur provis includ direct expenditur aris restructur necessarili entail restructur ongo activ enterpris restructur provis includ cost retrain reloc continu staff market invest system distribut network conting liabil standard supersed part ia conting event occur balanc sheet date deal conting standard defin conting liabil oblig aris past event exist confirm occurr occurr uncertain futur event wholli control enterpris present oblig aris past event recognis probabl outflow resourc embodi econom benefit requir settl oblig ii amount oblig measur suffici reliabl enterpris recognis conting liabil enterpris disclos conting liabil possibl outflow resourc embodi econom benefit remot conting asset standard defin conting asset asset aris past event exist confirm occurr occurr uncertain futur event wholli control enterpris claim enterpris pursu legal process outcom uncertain enterpris recognis conting asset conting asset disclos inflow econom benefit probabl realis incom virtual relat asset conting asset recognit effect date standard oper annual financi statement cover period begin juli earlier applic encourag content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard ensur recognit criteria measur base appli provis conting liabil conting asset suffici inform disclos note financi statement enabl user understand natur time amount scope standard appli enterpris account provis conting liabil conting asset result financi instrument carri fair result executori contract contract oner aris insur enterpris contract policyhold cover intern account standard standard appli financi instrument includ guarante carri fair executori contract contract parti perform oblig parti partial perform oblig equal extent standard appli executori contract oner standard appli provis conting liabil conting asset insur enterpris aris contract policyhold intern account standard deal specif type provis conting liabil conting asset enterpris appli standard standard type provis address standard construct contract ia construct contract incom tax ia incom tax leas ia leas ia specif requir deal oper leas oner standard appli case employe benefit ia employe benefit amount treat provis relat recognit revenu enterpris guarante exchang fee standard address recognit revenu ia revenu identifi circumst revenu recognis practic guidanc applic recognit criteria standard chang requir ia standard defin provis liabil uncertain time amount countri term quot provis quot context item depreci impair asset doubt debt adjust carri amount asset address standard intern account standard expenditur treat asset expens issu address standard standard prohibit requir capitalis cost recognis provis made standard appli provis restructur includ discontinu oper restructur meet definit discontinu oper addit disclosur requir ia discontinu oper definit term standard mean provis liabil uncertain time amount liabil present oblig enterpris aris past event settlement expect result outflow enterpris resourc embodi econom benefit oblig event event creat legal construct oblig result enterpris realist altern settl oblig legal oblig oblig deriv contract explicit implicit term legisl oper law construct oblig oblig deriv enterpris action establish pattern past practic publish polici suffici specif current statement enterpris parti accept respons result enterpris creat valid expect part parti discharg respons conting liabil oblig aris past event exist confirm occurr occurr uncertain futur event wholli control enterpris present oblig aris past event recognis probabl outflow resourc embodi econom benefit requir settl oblig ii amount oblig measur suffici reliabl conting asset asset aris past event exist confirm occurr occurr uncertain futur event wholli control enterpris oner contract contract unavoid cost meet oblig contract exce econom benefit expect receiv restructur programm plan control manag materi scope busi undertaken enterpris manner busi conduct provis liabil provis distinguish liabil trade payabl accrual uncertainti time amount futur expenditur requir settlement contrast trade payabl liabil pai good servic receiv suppli invoic formal agre supplier accrual liabil pai good servic receiv suppli paid invoic formal agre supplier includ amount due employe amount relat accru vacat pai estim amount time accrual uncertainti gener provis accrual report part trade payabl provis report separ relationship provis conting liabil gener sens provis conting uncertain time amount standard term quot conting quot liabil asset recognis exist confirm occurr occurr uncertain futur event wholli control enterpris addit term quot conting liabil quot liabil meet recognit criteria standard distinguish provis recognis liabil assum reliabl estim made present oblig probabl outflow resourc embodi econom benefit requir settl oblig conting liabil recognis liabil oblig confirm enterpris present oblig lead outflow resourc embodi econom benefit ii present oblig meet recognit criteria standard probabl outflow resourc embodi econom benefit requir settl oblig suffici reliabl estim amount oblig made recognit provis provis recognis enterpris present oblig legal construct result past event probabl outflow resourc embodi econom benefit requir settl oblig reliabl estim made amount oblig condit met provis recognis present oblig rare case clear present oblig case past event deem give rise present oblig take account evid present oblig exist balanc sheet date case clear past event rise present oblig rare case law suit disput event occur event result present oblig case enterpris determin present oblig exist balanc sheet date take account evid includ opinion expert evid consid includ addit evid provid event balanc sheet date basi evid present oblig exist balanc sheet date enterpris recognis provis recognit criteria met present oblig exist balanc sheet date enterpris disclos conting liabil possibl outflow resourc embodi econom benefit remot paragraph past event past event lead present oblig call oblig event event oblig event enterpris realist altern settl oblig creat event case settlement oblig enforc law case construct oblig event action enterpris creat valid expect parti enterpris discharg oblig financi statement deal financi posit enterpris end report period posit futur provis recognis cost incur oper futur liabil recognis enterpris balanc sheet exist balanc sheet date oblig aris past event exist independ enterpris futur action futur conduct busi recognis provis exampl oblig penalti clean cost unlaw environment damag lead outflow resourc embodi econom benefit settlement futur action enterpris similarli enterpris recognis provis decommiss cost oil instal nuclear power station extent enterpris oblig rectifi damag caus contrast commerci pressur legal requir enterpris intend carri expenditur oper futur fit smoke filter type factori enterpris avoid futur expenditur futur action chang method oper present oblig futur expenditur provis recognis oblig involv parti oblig ow ident parti oblig ow oblig public larg oblig involv commit parti manag board decis give rise construct oblig balanc sheet date decis commun balanc sheet date affect suffici specif manner rais valid expect enterpris discharg respons event give rise oblig immedi date law act suffici specif public statement enterpris rise construct oblig environment damag caus oblig remedi consequ caus damag oblig event law requir exist damag rectifi enterpris publicli accept respons rectif creat construct oblig detail propos law finalis oblig aris legisl virtual enact draft purpos standard oblig treat legal oblig differ circumst surround enact make imposs singl event make enact law virtual case imposs virtual enact law enact probabl outflow resourc embodi econom benefit liabil qualifi recognit present oblig probabl outflow resourc embodi econom benefit settl oblig purpos standard outflow resourc event regard probabl event occur probabl event occur greater probabl probabl present oblig exist enterpris disclos conting liabil possibl outflow resourc embodi econom benefit remot paragraph number similar oblig product warranti similar contract probabl outflow requir settlement determin class oblig likelihood outflow item small probabl outflow resourc need settl class oblig case provis recognis recognit criteria met reliabl estim oblig estim essenti part prepar financi statement undermin reliabl true case provis natur uncertain balanc sheet item extrem rare case enterpris determin rang outcom make estim oblig suffici reliabl recognis provis extrem rare case reliabl estim made liabil exist recognis liabil disclos conting liabil paragraph conting liabil enterpris recognis conting liabil conting liabil disclos requir paragraph possibl outflow resourc embodi econom benefit remot enterpris jointli sever liabl oblig part oblig expect met parti treat conting liabil enterpris recognis provis part oblig outflow resourc embodi econom benefit probabl extrem rare circumst reliabl estim made conting liabil develop initi expect assess continu determin outflow resourc embodi econom benefit probabl probabl outflow futur econom benefit requir item previous dealt conting liabil provis recognis financi statement period chang probabl occur extrem rare circumst reliabl estim made conting asset enterpris recognis conting asset conting asset aris unplan unexpect event give rise possibl inflow econom benefit enterpris claim enterpris pursu legal process outcom uncertain conting asset recognis financi statement result recognit incom realis realis incom virtual relat asset conting asset recognit conting asset disclos requir paragraph inflow econom benefit probabl conting asset assess continu ensur develop appropri reflect financi statement virtual inflow econom benefit aris asset relat incom recognis financi statement period chang occur inflow econom benefit probabl enterpris disclos conting asset paragraph measur estim amount recognis provis estim expenditur requir settl present oblig balanc sheet date estim expenditur requir settl present oblig amount enterpris ration pai settl oblig balanc sheet date transfer parti time imposs prohibit expens settl transfer oblig balanc sheet date estim amount enterpris ration pai settl transfer oblig estim expenditur requir settl present oblig balanc sheet date estim outcom financi effect determin judgement manag enterpris supplement experi similar transact case report independ expert evid consid includ addit evid provid event balanc sheet date uncertainti surround amount recognis provis dealt mean circumst provis measur involv larg popul item oblig estim weight outcom probabl statist method estim quot expect quot provis depend probabl loss amount continu rang outcom point rang mid point rang enterpris sell good warranti custom cover cost repair manufactur defect appar month purchas minor defect detect product sold repair cost result major defect detect product sold repair cost million result enterpris past experi futur expect come year good sold defect good sold minor defect good sold major defect accord paragraph enterpris assess probabl outflow warranti oblig expect cost repair gt refer graphic gt singl oblig measur individu outcom estim liabil case enterpris consid outcom outcom higher lower outcom estim higher lower amount enterpris rectifi fault major plant construct custom individu outcom repair succe attempt cost provis larger amount made signific chanc attempt provis measur tax tax consequ provis dealt ia incom tax risk uncertainti risk uncertainti inevit surround event circumst account reach estim provis risk describ variabl outcom risk adjust increas amount liabil measur caution need make judgement condit uncertainti incom asset overst expens liabil underst uncertainti justifi creation excess provis deliber overstat liabil project cost advers outcom estim prudent basi outcom deliber treat probabl realist case care need avoid duplic adjust risk uncertainti consequ overstat provis disclosur uncertainti surround amount expenditur made paragraph present effect time monei materi amount provis present expenditur expect requir settl oblig time monei provis relat cash outflow aris balanc sheet date oner cash outflow amount aris provis discount effect materi discount rate rate pre tax rate rate reflect current market assess time monei risk specif liabil discount rate reflect risk futur cash flow estim adjust futur event futur event affect amount requir settl oblig reflect amount provis suffici object evid occur expect futur event import measur provis enterpris cost clean site end life reduc futur technolog amount recognis reflect reason expect technic qualifi object observ take account evid technolog time clean includ expect cost reduct increas experi appli exist technolog expect cost appli exist technolog larger complex clean oper previous carri enterpris anticip develop complet technolog clean support suffici object evid effect legisl consider measur exist oblig suffici object evid exist legisl virtual enact varieti circumst aris practic make imposs singl event provid suffici object evid case evid requir legisl demand virtual enact implement due case suffici object evid exist legisl enact expect dispos asset gain expect dispos asset account measur provis gain expect dispos asset account measur provis expect dispos close link event give rise provis enterpris recognis gain expect dispos asset time intern account standard deal asset concern reimburs expenditur requir settl provis expect reimburs parti reimburs recognis virtual reimburs receiv enterpris settl oblig reimburs treat separ asset amount recognis reimburs exce amount provis incom statement expens relat provis present net amount recognis reimburs enterpris parti pai part expenditur requir settl provis insur contract indemn claus supplier warranti parti reimburs amount paid enterpris pai amount directli case enterpris remain liabl amount question enterpris settl full amount parti fail pai reason situat provis recognis full amount liabil separ asset expect reimburs recognis virtual reimburs receiv enterpris settl liabil case enterpris liabl cost question parti fail pai case enterpris liabil cost includ provis note paragraph oblig enterpris jointli sever liabl conting liabil extent expect oblig settl parti provis provis review balanc sheet date adjust reflect current estim longer probabl outflow resourc embodi econom benefit requir settl oblig provis revers discount carri amount provis increas period reflect passag time increas recognis borrow cost provis provis expenditur provis origin recognis expenditur relat origin provis set set expenditur provis origin recognis purpos conceal impact event applic recognit measur rule futur oper loss provis recognis futur oper loss futur oper loss meet definit liabil paragraph gener recognit criteria set provis paragraph expect futur oper loss indic asset oper impair enterpris test asset impair ia impair asset oner contract enterpris contract oner present oblig contract recognis measur provis contract routin purchas order cancel pai compens parti oblig contract establish right oblig contract parti event make contract oner contract fall scope standard liabil exist recognis executori contract oner fall scope standard standard defin oner contract contract unavoid cost meet oblig contract exce econom benefit expect receiv unavoid cost contract reflect net cost exit contract lower cost fulfil compens penalti aris failur fulfil separ provis oner contract establish enterpris recognis impair loss occur asset dedic contract ia impair asset restructur exampl event fall definit restructur sale termin line busi closur busi locat countri region reloc busi activ countri region manag structur elimin layer manag fundament reorganis materi effect natur focu enterpris oper provis restructur cost recognis gener recognit criteria provis set paragraph met paragraph set gener recognit criteria appli restructur construct oblig restructur aris enterpris detail formal plan restructur identifi busi part busi concern ii princip locat affect iii locat function approxim number employe compens termin servic iv expenditur undertaken plan implement rais valid expect affect carri restructur start implement plan announc main featur affect evid enterpris start implement restructur plan provid dismantl plant sell asset public announc main featur plan public announc detail plan restructur constitut construct oblig restructur made suffici detail set main featur plan rise valid expect parti custom supplier employe repres enterpris carri restructur plan suffici give rise construct oblig commun affect implement plan begin complet timefram make signific plan expect long delai restructur begin restructur unreason long time plan rais valid expect part enterpris present commit restructur timefram opportun enterpris chang plan manag board decis restructur balanc sheet date give rise construct oblig balanc sheet date enterpris balanc sheet date start implement restructur plan announc main featur restructur plan affect suffici specif manner rais valid expect enterpris carri restructur case enterpris start implement restructur plan announc main featur affect balanc sheet date disclosur requir ia event balanc sheet date restructur import disclosur affect abil user financi statement make proper evalu decis construct oblig creat sole manag decis oblig result earlier event decis negoti employe repres termin payment purchas sale oper conclud subject board approv approv obtain commun parti enterpris construct oblig restructur condit paragraph met countri ultim author vest board membership includ repres interest manag employe notif repres board decis decis board involv commun repres result construct oblig restructur oblig aris sale oper enterpris commit sale bind sale agreement enterpris decis sell oper announc decis publicli commit sale purchas identifi bind sale agreement bind sale agreement enterpris chang mind action purchas found accept term sale oper envisag part restructur asset oper review impair ia impair asset sale part restructur construct oblig aris part restructur bind sale agreement exist restructur provis includ direct expenditur aris restructur necessarili entail restructur ongo activ enterpris restructur provis includ cost retrain reloc continu staff market invest system distribut network expenditur relat futur conduct busi liabil restructur balanc sheet date expenditur recognis basi aros independ restructur identifi futur oper loss date restructur includ provis relat oner contract defin paragraph requir paragraph gain expect dispos asset account measur restructur provis sale asset envisag part restructur disclosur class provis enterpris disclos carri amount begin end period addit provis made period includ increas exist provis amount incur charg provis period unus amount revers period increas period discount amount aris passag time effect chang discount rate compar inform requir enterpris disclos class provis descript natur oblig expect time result outflow econom benefit indic uncertainti amount time outflow provid adequ inform enterpris disclos major assumpt made futur event address paragraph amount expect reimburs state amount asset recognis expect reimburs possibl outflow settlement remot enterpris disclos class conting liabil balanc sheet date descript natur conting liabil practic estim financi effect measur paragraph indic uncertainti relat amount time outflow possibl reimburs determin provis conting liabil aggreg form class natur item suffici similar singl statement fulfil requir paragraph treat singl class provis amount relat warranti product treat singl class amount relat normal warranti amount subject legal proceed provis conting liabil aris set circumst enterpris make disclosur requir paragraph show link provis conting liabil inflow econom benefit probabl enterpris disclos descript natur conting asset balanc sheet date practic estim financi effect measur principl set provis paragraph import disclosur conting asset avoid give mislead indic likelihood incom aris inform requir paragraph disclos practic fact state extrem rare case disclosur inform requir paragraph expect prejudic posit enterpris disput parti subject matter provis conting liabil conting asset case enterpris disclos inform disclos gener natur disput fact reason inform disclos transit provis effect adopt standard effect date earlier report adjust open balanc retain earn period standard adopt enterpris encourag requir adjust open balanc retain earn earliest period present restat compar inform compar inform restat fact disclos standard requir treatment ia net profit loss period fundament error account polici ia requir compar inform restat benchmark treatment addit pro forma compar inform restat basi disclos allow altern treatment impractic effect date intern account standard oper annual financi statement cover period begin juli earlier applic encourag enterpris appli standard period begin juli disclos fact standard supersed part ia conting event occur balanc sheet date deal conting intern account standard ia intang asset intern account standard approv iasc board juli effect financi statement cover period begin juli standard supersed ia depreci account respect amortis depreci intang asset ia research develop cost octob iasc staff publish separ quot basi conclus ia intang asset ia revis quot copi iasc public depart ia financi instrument recognit measur amend paragraph ia replac refer ia account invest refer ia footnot delet sic interpret relat ia sic cost modifi exist softwar sic intang asset web site cost introduct ia prescrib account disclosur intang asset specif dealt intern account standard ia appli financi asset miner right expenditur explor develop extract miner oil natur ga similar regen resourc intang asset aris insur enterpris contract policyhold ia appli thing expenditur advertis train start research develop activ intang asset identifi monetari asset physic substanc held product suppli good servic rental administr purpos asset resourc control enterpris result past event futur econom benefit expect flow enterpris ia requir enterpris recognis intang asset cost probabl futur econom benefit attribut asset flow enterpris cost asset measur reliabl requir appli intang asset acquir extern gener intern ia includ addit recognit criteria intern gener intang asset ia specifi intern gener goodwil brand masthead publish titl custom list item similar substanc recognis asset intang item meet definit criteria recognit intang asset ia requir expenditur item recognis expens incur item acquir busi combin acquisit expenditur includ cost acquisit form part amount attribut goodwil neg goodwil date acquisit ia requir expenditur research recognis expens incur exampl expenditur give rise intang asset recognis financi statement expenditur start oper busi start cost expenditur train expenditur advertis promot expenditur reloc reorganis part enterpris expenditur item recognis expens incur ia requir subsequ expenditur intang asset purchas complet recognis expens incur probabl expenditur enabl asset gener futur econom benefit excess origin assess standard perform expenditur measur attribut asset reliabl condit met subsequ expenditur ad cost intang asset expenditur intang item initi recognis expens report enterpris previou annual financi statement interim financi report ia prohibit enterpris recognis expenditur part cost intang asset date initi recognit ia requir intang asset measur treatment benchmark treatment cost accumul amortis accumul impair loss allow altern treatment revalu amount subsequ accumul amortis subsequ accumul impair loss revalu amount fair asset treatment permit fair determin refer activ market intang asset addit enterpris elect treatment ia requir revalu made suffici regular carri amount intang asset differ materi determin fair balanc sheet date ia specifi intang asset revalu revalu increas decreas recognis incom statement directli equiti ia requir intang asset amortis systemat basi estim life rebutt presumpt life intang asset exce year date asset ia permit enterpris assign infinit life intang asset amortis commenc asset rare case persuas evid life intang asset specif period longer year case ia requir enterpris amortis intang asset estim life estim recover amount intang asset annual identifi impair loss disclos reason presumpt life intang asset exce year rebut factor plai signific role determin life intang asset ia requir amortis method reflect pattern asset econom benefit consum enterpris pattern determin reliabl straight line method adopt amortis charg recognis expens intern account standard permit requir includ carri amount asset ia requir residu intang asset assum commit parti purchas asset end life activ market type asset probabl market exist end asset life assess intang asset impair enterpris appli ia impair asset ia requir enterpris estim recover amount intang asset annual ia effect account period begin juli earlier applic encourag applic ia includ transit provis requir retrospect applic elimin item longer qualifi recognit ia previou measur intang asset contradict principl set ia intang asset amortis revalu refer activ market case prospect applic recognit amortis requir requir ia prohibit recognit intern gener intang asset previous recognis permit ia encourag recognit intang asset acquir busi combin acquisit previous recognis content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment intang asset dealt specif intern account standard standard requir enterpris recognis intang asset criteria met standard specifi measur carri amount intang asset requir disclosur intang asset scope standard appli enterpris account intang asset intang asset cover intern account standard financi asset defin ia financi instrument disclosur present miner right expenditur explor develop extract miner oil natur ga similar regen resourc intang asset aris insur enterpris contract policyhold intern account standard deal specif type intang asset enterpris appli standard standard standard appli intang asset held enterpris sale ordinari busi ia inventori ia construct contract defer tax asset ia incom tax leas fall scope ia leas asset aris employe benefit ia employe benefit goodwil aris busi combin ia busi combin financi asset defin ia financi instrument disclosur present recognit measur financi asset cover ia consolid financi statement account invest subsidiari ia account invest associ ia financi report interest joint ventur ia financi instrument recognit measur intang asset contain physic substanc compact disk case comput softwar legal document case licenc patent film determin asset incorpor intang tangibl element treat ia properti plant equip intang asset standard judgement requir assess element signific comput softwar comput control machin tool oper specif softwar integr part relat hardwar treat properti plant equip appli oper system comput softwar integr part relat hardwar comput softwar treat intang asset standard appli thing expenditur advertis train start research develop activ research develop activ direct develop knowledg activ result asset physic substanc prototyp physic element asset secondari intang compon knowledg embodi case financ leas underli asset tangibl intang initi recognit lesse deal intang asset held financ leas standard right licens agreement item motion pictur film video record plai manuscript patent copyright exclud scope ia fall scope standard exclus scope intern account standard occur activ transact specialis give rise account issu dealt issu aris expenditur explor develop extract oil ga miner deposit extract industri case contract insur enterpris policyhold standard appli expenditur activ standard appli intang asset comput softwar expenditur start cost extract industri insur compani definit term standard mean intang asset identifi monetari asset physic substanc held product suppli good servic rental administr purpos asset resourc control enterpris result past event futur econom benefit expect flow enterpris monetari asset monei held asset receiv fix determin amount monei research origin plan investig undertaken prospect gain scientif technic knowledg understand develop applic research find knowledg plan design product substanti improv materi devic product process system servic prior commenc commerci product amortis systemat alloc depreci amount intang asset life depreci amount cost asset amount substitut cost financi statement residu life period time asset expect enterpris number product similar unit expect obtain asset enterpris cost amount cash cash equival paid fair consider acquir asset time acquisit product residu net amount enterpris expect obtain asset end life deduct expect cost dispos fair asset amount asset exchang knowledg parti arm length transact activ market market condit exist item trade market homogen buyer seller found time price public impair loss amount carri amount asset exce recover amount carri amount amount asset recognis balanc sheet deduct accumul amortis accumul impair loss thereon intang asset enterpris frequent expend resourc incur liabil acquisit develop mainten enhanc intang resourc scientif technic knowledg design implement process system licenc intellectu properti market knowledg trade mark includ brand name publish titl common exampl item encompass broad head comput softwar patent copyright motion pictur film custom list mortgag servic right fish licenc import quota franchis custom supplier relationship custom loyalti market share market right item paragraph meet definit intang asset identifi control resourc exist futur econom benefit item cover standard meet definit intang asset expenditur acquir gener intern recognis expens incur item acquir busi combin acquisit form part goodwil recognis date acquisit paragraph identifi definit intang asset requir intang asset identifi distinguish goodwil goodwil aris busi combin acquisit repres payment made acquir anticip futur econom benefit futur econom benefit result synergi identifi asset acquir asset individu qualifi recognit financi statement acquir prepar make payment acquisit intang asset distinguish goodwil asset separ asset separ enterpris rent sell exchang distribut specif futur econom benefit attribut asset dispos futur econom benefit flow asset revenu earn activ separ condit identifi enterpris identifi asset intang asset acquir group asset transact involv transfer legal right enabl enterpris identifi intang asset similarli intern project aim creat legal right enterpris natur right assist enterpris identifi underli intern gener intang asset asset gener futur econom benefit combin asset asset identifi enterpris identifi futur econom benefit flow asset control enterpris control asset enterpris power obtain futur econom benefit flow underli resourc restrict access benefit capac enterpris control futur econom benefit intang asset stem legal right enforc court law absenc legal right difficult demonstr control legal enforc condit control enterpris control futur econom benefit market technic knowledg give rise futur econom benefit enterpris control benefit knowledg protect legal right copyright restraint trade agreement permit legal duti employe maintain confidenti enterpris team skill staff identifi increment staff skill lead futur econom benefit train enterpris expect staff continu make skill enterpris enterpris insuffici control expect futur econom benefit aris team skill staff train item meet definit intang asset similar reason specif manag technic talent meet definit intang asset protect legal right obtain futur econom benefit expect meet part definit enterpris portfolio custom market share expect due effort build custom relationship loyalti custom continu trade enterpris absenc legal right protect wai control relationship custom loyalti custom enterpris enterpris insuffici control econom benefit custom relationship loyalti item portfolio custom market share custom relationship custom loyalti meet definit intang asset futur econom benefit futur econom benefit flow intang asset includ revenu sale product servic cost save benefit result asset enterpris intellectu properti product process reduc futur product cost increas futur revenu recognit initi measur intang asset recognit item intang asset requir enterpris demonstr item meet definit intang asset paragraph recognit criteria set standard paragraph intang asset recognis probabl futur econom benefit attribut asset flow enterpris cost asset measur reliabl enterpris assess probabl futur econom benefit reason support assumpt repres manag estim set econom condit exist life asset enterpris judgement assess degre certainti attach flow futur econom benefit attribut asset basi evid time initi recognit give greater weight extern evid intang asset measur initi cost separ acquisit intang asset acquir separ cost intang asset measur reliabl purchas consider form cash monetari asset cost intang asset compris purchas price includ import duti refund purchas tax directli attribut expenditur prepar asset intend directli attribut expenditur includ profession fee legal servic trade discount rebat deduct arriv cost payment intang asset defer normal credit term cost cash price equival differ amount total payment recognis interest expens period credit capitalis allow altern treatment ia borrow cost intang asset acquir exchang equiti instrument report enterpris cost asset fair equiti instrument issu equal fair asset acquisit part busi combin ia revis busi combin intang asset acquir busi combin acquisit cost intang asset base fair date acquisit judgement requir determin cost fair intang asset acquir busi combin measur suffici reliabl purpos separ recognit quot market price activ market provid reliabl measur fair paragraph market price current bid price current bid price unavail price recent similar transact provid basi estim fair provid signific chang econom circumst transact date date asset fair estim activ market exist asset cost reflect amount enterpris paid date acquisit asset arm length transact knowledg parti base inform determin amount enterpris consid outcom recent transact similar asset enterpris regularli involv purchas sale uniqu intang asset develop techniqu estim fair valu indirectli techniqu initi measur intang asset acquir busi combin acquisit object estim fair defin standard reflect current transact practic industri asset belong techniqu includ appli multipl reflect current market transact indic drive profit asset revenu market share oper profit discount estim futur net cash flow asset accord standard requir ia revis recognit identifi asset liabil acquir recognis intang asset meet recognit criteria paragraph intang asset recognis financi statement acquire cost fair intang asset acquir part busi combin acquisit measur reliabl asset recognis separ intang asset includ goodwil paragraph activ market intang asset acquir busi combin acquisit ia revis limit cost initi recognis intang asset amount creat increas neg goodwil aris date acquisit acquisit govern grant case intang asset acquir free charg nomin consider govern grant occur govern transfer alloc enterpris intang asset airport land right licenc oper radio televis station import licenc quota right access restrict resourc ia account govern grant disclosur govern assist enterpris choos recognis intang asset grant fair initi enterpris choos recognis asset initi fair enterpris recognis asset initi nomin amount treatment permit ia expenditur directli attribut prepar asset intend exchang asset intang asset acquir exchang part exchang dissimilar intang asset asset cost item measur fair asset receiv equival fair asset adjust amount cash cash equival transfer intang asset acquir exchang similar asset similar line busi similar fair intang asset sold exchang equiti interest similar asset case earn process incomplet gain loss recognis transact cost asset carri amount asset fair asset receiv provid evid impair loss asset circumst impair loss recognis asset carri amount impair assign asset intern gener goodwil intern gener goodwil recognis asset case expenditur incur gener futur econom benefit result creation intang asset meet recognit criteria standard expenditur contribut intern gener goodwil intern gener goodwil recognis asset identifi resourc control enterpris measur reliabl cost differ market enterpris carri amount identifi net asset point time captur rang factor affect enterpris differ consid repres cost intang asset control enterpris intern gener intang asset difficult assess intern gener intang asset qualifi recognit difficult identifi point time identifi asset gener probabl futur econom benefit determin cost asset reliabl case cost gener intang asset intern distinguish cost maintain enhanc enterpris intern gener goodwil run dai dai oper addit compli gener requir recognit initi measur intang asset enterpris appli requir guidanc paragraph intern gener intang asset assess intern gener intang asset meet criteria recognit enterpris classifi gener asset research phase develop phase term quot research quot quot develop quot defin term quot research phase quot quot develop phase quot broader mean purpos standard enterpris distinguish research phase develop phase intern project creat intang asset enterpris treat expenditur project incur research phase research phase intang asset aris research research phase intern project recognis expenditur research research phase intern project recognis expens incur standard take view research phase project enterpris demonstr intang asset exist gener probabl futur econom benefit expenditur recognis expens incur exampl research activ activ aim obtain knowledg search evalu final select applic research find knowledg search altern materi devic product process system servic formul design evalu final select altern improv materi devic product process system servic develop phase intang asset aris develop develop phase intern project recognis enterpris demonstr technic feasibl complet intang asset sale intent complet intang asset sell abil sell intang asset intang asset gener probabl futur econom benefit thing enterpris demonstr exist market output intang asset intang asset intern us intang asset avail adequ technic financi resourc complet develop sell intang asset abil measur expenditur attribut intang asset develop reliabl develop phase project enterpris instanc identifi intang asset demonstr asset gener probabl futur econom benefit develop phase project advanc research phase exampl develop activ design construct test pre product pre prototyp model design tool jig mould di involv technolog design construct oper pilot plant scale econom feasibl commerci product design construct test chosen altern improv materi devic product process system servic demonstr intang asset gener probabl futur econom benefit enterpris assess futur econom benefit receiv asset principl ia impair asset asset gener econom benefit combin asset enterpris appli concept cash gener unit set ia avail resourc complet obtain benefit intang asset demonstr busi plan show technic financi resourc need enterpris abil secur resourc case enterpris demonstr avail extern financ obtain lender indic willing fund plan enterpris cost system measur reliabl cost gener intang asset intern salari expenditur incur secur copyright licenc develop comput softwar intern gener brand masthead publish titl custom list item similar substanc recognis intang asset standard take view expenditur intern gener brand masthead publish titl custom list item similar substanc distinguish cost develop busi item recognis intang asset cost intern gener intang asset cost intern gener intang asset purpos paragraph sum expenditur incur date intang asset meet recognit criteria paragraph paragraph prohibit reinstat expenditur recognis expens previou annual financi statement interim financi report cost intern gener intang asset compris expenditur directli attribut alloc reason consist basi creat produc prepar asset intend cost includ applic expenditur materi servic consum gener intang asset salari wage employ relat cost personnel directli engag gener asset expenditur directli attribut gener asset fee regist legal amortis patent licenc gener asset overhead gener asset alloc reason consist basi asset alloc depreci properti plant equip insur premium rent alloc overhead made base similar alloc overhead inventori ia inventori ia borrow cost establish criteria recognit interest compon cost intern gener intang asset compon cost intern gener intang asset sell administr gener overhead expenditur expenditur directli attribut prepar asset identifi ineffici initi oper loss incur asset achiev plan perform expenditur train staff oper asset illustr paragraph enterpris develop product process expenditur incur incur decemb incur decemb decemb enterpris demonstr decemb product process met criteria recognit intang asset recover amount embodi process includ futur cash outflow complet process estim end product process recognis intang asset cost expenditur incur date recognit criteria met decemb expenditur incur decemb recognis expens recognit criteria met decemb expenditur form part cost product process recognis balanc sheet expenditur incur end recover amount embodi process includ futur cash outflow complet process estim end cost product process expenditur recognis end expenditur recognis enterpris recognis impair loss adjust carri amount process impair loss recover amount impair loss revers subsequ period requir revers impair loss ia impair asset met recognit expens expenditur intang item recognis expens incur form part cost intang asset meet recognit criteria paragraph item acquir busi combin acquisit recognis intang asset case expenditur includ cost acquisit form part amount attribut goodwil neg goodwil date acquisit ia revis busi combin case expenditur incur provid futur econom benefit enterpris intang asset asset acquir creat recognis case expenditur recognis expens incur expenditur research recognis expens incur paragraph exampl expenditur recognis expens incur includ expenditur start activ start cost expenditur includ cost item properti plant equip ia start cost consist establish cost legal secretari cost incur establish legal entiti expenditur open facil busi pre open cost expenditur commenc oper launch product process pre oper cost expenditur train activ expenditur advertis promot activ expenditur reloc reorganis part enterpris paragraph preclud recognis prepay asset payment deliveri good servic made advanc deliveri good render servic past expens recognis asset expenditur intang item initi recognis expens report enterpris previou annual financi statement interim financi report recognis part cost intang asset date subsequ expenditur subsequ expenditur intang asset purchas complet recognis expens incur probabl expenditur enabl asset gener futur econom benefit excess origin assess standard perform expenditur measur attribut asset reliabl condit met subsequ expenditur ad cost intang asset subsequ expenditur recognis intang asset recognis expens expenditur requir maintain asset origin assess standard perform natur intang asset case determin subsequ expenditur enhanc maintain econom benefit flow enterpris asset addit difficult attribut expenditur directli intang asset busi rare expenditur incur initi recognit purchas intang asset complet intern gener intang asset result addit cost intang asset consist paragraph subsequ expenditur brand masthead publish titl custom list item similar substanc extern purchas intern gener recognis expens avoid recognit intern gener goodwil measur subsequ initi recognit benchmark treatment initi recognit intang asset carri cost accumul amortis accumul impair loss allow altern treatment initi recognit intang asset carri revalu amount fair date revalu subsequ accumul amortis subsequ accumul impair loss purpos revalu standard fair determin refer activ market revalu made suffici regular carri amount differ materi determin fair balanc sheet date allow altern treatment revalu intang asset previous recognis asset initi recognit intang asset amount cost allow altern treatment appli asset initi recognis cost part cost intang asset recognis asset asset meet criteria recognit part process paragraph allow altern appli asset allow altern treatment appli intang asset receiv govern grant recognis nomin amount paragraph uncommon activ market characterist paragraph exist intang asset occur jurisdict activ market exist freeli transfer taxi licenc fish licenc product quota activ market exist brand newspap masthead music film publish right patent trade mark asset uniqu intang asset bought sold contract negoti individu buyer seller transact infrequ reason price paid asset provid suffici evid fair final price public frequenc revalu depend volatil fair valu intang asset revalu fair revalu asset differ materi carri amount revalu intang asset experi signific volatil movement fair necessit annual revalu frequent revalu unnecessari intang asset insignific movement fair intang asset revalu accumul amortis date revalu restat proportion chang gross carri amount asset carri amount asset revalu equal revalu amount elimin gross carri amount asset net amount restat revalu amount asset intang asset revalu asset class revalu activ market asset class intang asset group asset similar natur enterpris oper item class intang asset revalu simultan order avoid select revalu asset report amount financi statement repres mixtur cost valu date intang asset class revalu intang asset revalu activ market asset asset carri cost accumul amortis impair loss fair revalu intang asset longer determin refer activ market carri amount asset revalu amount date revalu refer activ market subsequ accumul amortis subsequ accumul impair loss fact activ market longer exist revalu intang asset asset impair test ia impair asset fair asset determin refer activ market subsequ measur date allow altern treatment appli date intang asset carri amount increas result revalu increas credit directli equiti head revalu surplu revalu increas recognis incom extent revers revalu decreas asset revalu decreas previous recognis expens asset carri amount decreas result revalu decreas recognis expens revalu decreas charg directli relat revalu surplu extent decreas exce amount held revalu surplu respect asset cumul revalu surplu includ equiti transfer directli retain earn surplu realis surplu realis retir dispos asset surplu realis asset enterpris case amount surplu realis differ amortis base revalu carri amount asset amortis recognis base asset histor cost transfer revalu surplu retain earn made incom statement amortis amortis period depreci amount intang asset alloc systemat basi estim life rebutt presumpt life intang asset exce year date asset amortis commenc asset futur econom benefit embodi intang asset consum time carri amount asset reduc reflect consumpt achiev systemat alloc cost revalu amount asset residu expens asset life amortis recognis increas asset fair recover amount factor consid determin life intang asset includ expect usag asset enterpris asset effici manag manag team typic product life cycl asset public inform estim live similar type asset similar technic technolog type obsolesc stabil industri asset oper market demand product servic output asset expect action competitor potenti competitor level mainten expenditur requir obtain expect futur econom benefit asset compani abil intent reach level period control asset legal similar limit asset expiri date relat leas life asset depend life asset enterpris histori rapid technolog comput softwar intang asset suscept technolog obsolesc life short estim life intang asset gener reliabl length life increas standard adopt presumpt life intang asset exce year rare case persuas evid life intang asset specif period longer year case presumpt life gener exce year rebut enterpris amortis intang asset estim life estim recover amount intang asset annual order identifi impair loss paragraph disclos reason presumpt rebut factor plai signific role determin life asset paragraph exampl enterpris purchas exclus gener hydro electr power year cost gener hydro electr power lower cost obtain power altern sourc expect geograph area surround power station demand signific amount power power station year enterpris amortis gener power year evid life shorter enterpris purchas exclus oper toll motorwai year plan construct altern rout area serv motorwai expect motorwai year enterpris amortis oper motorwai year evid life shorter life intang asset long finit uncertainti justifi estim life intang asset prudent basi justifi choos life unrealist short control futur econom benefit intang asset achiev legal right grant finit period life intang asset exce period legal right legal right renew renew virtual econom legal factor influenc life intang asset econom factor determin period futur econom benefit receiv legal factor restrict period enterpris control access benefit life shorter period determin factor factor renew legal virtual fair intang asset reduc initi expiri date approach reduc cost renew underli evid possibl base past experi legal right renew evid condit obtain renew legal satisfi amortis method amortis method reflect pattern asset econom benefit consum enterpris pattern determin reliabl straight line method amortis charg period recognis expens intern account standard permit requir includ carri amount asset varieti amortis method alloc depreci amount asset systemat basi life method includ straight line method diminish balanc method unit product method method asset select base expect pattern consumpt econom benefit consist appli period period chang expect pattern consumpt econom benefit deriv asset rare persuas evid support amortis method intang asset result lower amount accumul amortis straight line method amortis recognis expens econom benefit embodi asset absorb enterpris produc asset give rise expens case amortis charg form part cost asset includ carri amount amortis intang asset product process includ carri amount inventori ia inventori residu residu intang asset assum commit parti purchas asset end life activ market asset residu determin refer market ii probabl market exist end asset life depreci amount asset determin deduct residu residu impli enterpris expect dispos intang asset end econom life benchmark treatment adopt residu estim price prevail date acquisit asset sale similar asset reach end estim life oper condit similar asset residu subsequ increas price allow altern treatment adopt estim residu made date revalu asset price prevail date review amortis period amortis method amortis period amortis method review financi year end expect life asset significantli previou estim amortis period chang signific chang expect pattern econom benefit asset amortis method chang reflect chang pattern account account estim ia net profit loss period fundament error account polici adjust amortis charg current futur period life intang asset appar estim life inappropri life extend subsequ expenditur improv condit asset origin assess standard perform recognit impair loss amortis period chang time pattern futur econom benefit expect flow enterpris intang asset chang appar diminish balanc method amortis straight line method right repres licenc defer pend action compon busi plan case econom benefit flow asset receiv period recover carri amount impair loss determin intang asset impair enterpris appli ia impair asset standard explain enterpris review carri amount asset determin recover amount asset recognis revers impair loss ia revis busi combin impair loss occur end annual account period commenc acquisit intang asset acquir busi combin acquisit impair loss recognis adjust amount assign intang asset goodwil neg goodwil recognis date acquisit impair loss relat specif event circumst occur date acquisit impair loss recognis ia adjust amount assign goodwil neg goodwil recognis date acquisit addit requir includ ia impair asset enterpris estim recover amount intang asset financi year end indic asset impair intang asset intang asset amortis period exceed year date asset recover amount determin ia impair loss recognis abil intang asset gener suffici futur econom benefit recov cost subject great uncertainti asset standard requir enterpris test impair annual carri amount intang asset difficult identifi intang asset impair thing necessarili obviou evid obsolesc difficulti aris asset long life consequ standard requir minimum annual calcul recover amount intang asset life exce year date requir annual impair test intang asset appli current total estim life asset exce year life intang asset estim year initi recognit life extend subsequ expenditur exce year asset enterpris perform impair test requir paragraph make disclosur requir paragraph retir dispos intang asset derecognis elimin balanc sheet dispos futur econom benefit expect subsequ dispos gain loss aris retir dispos intang asset determin differ net dispos proce carri amount asset recognis incom expens incom statement intang asset exchang similar asset circumst paragraph cost acquir asset equal carri amount asset dispos gain loss result intang asset retir activ held dispos carri carri amount date asset retir activ financi year end enterpris test asset impair ia impair asset recognis impair loss disclosur gener financi statement disclos class intang asset distinguish intern gener intang asset intang asset live amortis rate amortis method gross carri amount accumul amortis aggreg accumul impair loss begin end period line item incom statement amortis intang asset includ reconcili carri amount begin end period show addit indic separ intern develop busi combin ii retir dispos iii increas decreas period result revalu paragraph impair loss recognis revers directli equiti ia impair asset iv impair loss recognis incom statement period ia impair loss revers incom statement period ia vi amortis recognis period vii net exchang differ aris translat financi statement foreign entiti viii carri amount period compar inform requir class intang asset group asset similar natur enterpris oper exampl separ class includ brand name masthead publish titl comput softwar licenc franchis copyright patent industri properti right servic oper right recip formula model design prototyp intang asset develop class mention disaggreg aggreg smaller larger class result relev inform user financi statement enterpris disclos inform impair intang asset ia addit inform requir paragraph iii enterpris disclos natur effect chang account estim materi effect current period expect materi effect subsequ period ia net profit loss period fundament error account polici disclosur aris amortis period amortis method residu valu financi statement disclos intang asset amortis year reason presumpt life intang asset exce year date asset rebut give reason enterpris describ factor plai signific role determin life asset descript carri amount remain amortis period individu intang asset materi financi statement enterpris intang asset acquir govern grant initi recognis fair paragraph fair initi recognis asset ii carri amount iii carri benchmark allow altern treatment subsequ measur exist carri amount intang asset titl restrict carri amount intang asset pledg secur liabil amount commit acquisit intang asset enterpris describ factor plai signific role determin life intang asset amortis year enterpris consid list factor paragraph intang asset carri allow altern treatment intang asset carri revalu amount disclos class intang asset effect date revalu ii carri amount revalu intang asset iii carri amount includ financi statement revalu intang asset carri benchmark treatment paragraph amount revalu surplu relat intang asset begin end period indic period restrict distribut balanc sharehold aggreg class revalu asset larger class disclosur purpos class aggreg result combin class intang asset includ amount measur benchmark allow altern treatment subsequ measur research develop expenditur financi statement disclos aggreg amount research develop expenditur recognis expens period research develop expenditur compris expenditur directli attribut research develop activ alloc reason consist basi activ paragraph guidanc type expenditur includ purpos disclosur requir paragraph inform enterpris encourag requir give inform descript fulli amortis intang asset descript signific intang asset control enterpris recognis asset meet recognit criteria standard acquir gener standard effect transit provis date standard effect date adopt earlier appli set tabl case detail tabl standard appli retrospect impractic tabl requir retrospect applic elimin item longer qualifi recognit standard previou measur intang asset contradict principl set standard intang asset amortis revalu refer activ market case prospect applic recognit amortis requir requir case permit effect adopt standard effect date earlier recognis ia net profit loss period fundament error account polici adjust open balanc retain earn earliest period present ia benchmark treatment net profit loss current period ia allow altern treatment annual financi statement issu standard enterpris disclos transit provis adopt transit provis standard permit choic transit provis recognit gt tabl gt transit provis amortis intang asset carri benchmark treatment gt tabl gt transit provis revalu intang asset gt tabl gt effect date intern account standard oper annual financi statement cover period begin juli earlier applic encourag enterpris appli standard annual financi statement cover period begin juli enterpris disclos fact adopt ia revis busi combin ia impair asset time standard supersed ia depreci account respect amortis depreci intang asset ia research develop cost intern account standard ia invest properti intern account standard approv iasc board march effect financi statement cover period begin januari standard supersed ia account invest respect account invest properti ia withdrawn standard effect januari ia agricultur amend paragraph amend text oper annual financi statement cover period begin januari introduct ia prescrib account treatment invest properti relat disclosur requir standard effect annual financi statement cover period begin januari earlier applic encourag standard replac previou requir ia account invest ia enterpris permit choos varieti account treatment invest properti depreci cost benchmark treatment ia properti plant equip revalu depreci allow altern treatment ia cost impair ia revalu ia ia withdrawn standard effect invest properti defin properti land build part build held owner lesse financ leas earn rental capit appreci product suppli good servic administr purpos sale ordinari busi standard deal owner occupi properti properti held product suppli good servic administr purpos carri ia properti plant equip depreci cost revalu amount subsequ depreci properti held sale ordinari busi carri lower cost net realis ia inventori properti construct develop futur invest properti ia appli properti construct develop complet time properti invest properti standard appli standard appli exist invest properti redevelop continu futur invest properti interest held lesse oper leas cover ia leas biolog asset attach land relat agricultur activ cover ia agricultur miner right explor develop miner oil natur ga similar regen natur resourc standard permit enterpris choos fair model invest properti measur fair fair recognis incom statement cost model cost model benchmark treatment ia properti plant equip invest properti measur depreci cost accumul impair loss enterpris choos cost model disclos fair invest properti fair model differ revalu model board permit financi asset revalu model increas carri amount cost base measur recognis revalu surplu fair model fair recognis incom statement time board introduc fair account model financi asset comment letter exposur draft show support step signific conceptu practic reserv extend fair model financi asset properti market suffici matur fair model work satisfactorili imposs creat rigor definit invest properti make impractic requir fair model present reason board believ impractic stage requir fair model invest properti time board believ desir permit fair model evolutionari step forward prepar user gain greater experi work fair model time properti market achiev greater matur standard requir enterpris appli model chosen invest properti chang model model made chang result present standard state highli case chang fair model cost model except case clear evid enterpris acquir invest properti exist properti invest properti complet construct develop chang enterpris determin fair invest properti reliabl continu basi case standard requir enterpris measur invest properti benchmark treatment ia dispos invest properti residu invest properti assum enterpris chosen fair model measur invest properti fair appendix decis tree summaris enterpris determin appli ia invest properti ia properti plant equip owner occupi properti properti construct develop futur invest properti ia inventori properti held sale ordinari busi appendix basi conclus summaris board reason adopt requir set ia content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context prefac intern account standard intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment invest properti relat disclosur requir scope standard appli recognit measur disclosur invest properti thing standard deal measur lesse financi statement invest properti held financ leas measur lessor financi statement invest properti leas oper leas standard deal matter cover ia leas includ classif leas financ leas oper leas recognit leas incom earn invest properti ia revenu measur lesse financi statement properti held oper leas measur lessor financi statement properti leas financ leas account sale leaseback transact disclosur financ leas oper leas standard appli biolog asset attach land relat agricultur activ ia agricultur miner right explor extract miner oil natur ga similar regen resourc definit term standard mean invest properti properti land build part build held owner lesse financ leas earn rental capit appreci product suppli good servic administr purpos sale ordinari busi owner occupi properti properti held owner lesse financ leas product suppli good servic administr purpos fair amount asset exchang knowledg parti arm length transact cost amount cash cash equival paid fair consider acquir asset time acquisit construct carri amount amount asset recognis balanc sheet invest properti held earn rental capit appreci invest properti gener cash flow larg independ asset held enterpris distinguish invest properti owner occupi properti product suppli good servic properti administr purpos gener cash flow attribut properti asset product suppli process ia properti plant equip appli owner occupi properti exampl invest properti land held long term capit appreci short term sale ordinari busi land held undetermin futur enterpris determin land owner occupi properti short term sale ordinari busi land consid held capit appreci build own report enterpris held report enterpris financ leas leas oper leas build vacant held leas oper leas exampl item invest properti fall scope standard properti held sale ordinari busi process construct develop sale ia inventori properti acquir exclus view subsequ dispos futur develop resal properti construct develop behalf parti ia construct contract owner occupi properti ia properti plant equip includ thing properti held futur owner occupi properti properti held futur develop subsequ owner occupi properti properti occupi employe employe pai rent market rate owner occupi properti await dispos properti construct develop futur invest properti ia appli properti construct develop complet time properti invest properti standard appli standard appli exist invest properti redevelop continu futur invest properti paragraph properti includ portion held earn rental capit appreci portion held product suppli good servic administr purpos portion sold separ leas separ financ leas enterpris account portion separ portion sold separ properti invest properti insignific portion held product suppli good servic administr purpos case enterpris ancillari servic occup properti held enterpris enterpris treat properti invest properti servic insignific compon arrang owner offic build secur mainten servic lesse occupi build case servic provid signific compon enterpris own manag hotel servic provid guest signific compon arrang owner manag hotel owner occupi properti invest properti difficult determin ancillari servic signific properti qualifi invest properti owner hotel transfer respons parti manag contract term manag contract vari wide end spectrum owner posit substanc passiv investor end spectrum owner simpli outsourc dai dai function retain signific exposur variat cash flow gener oper hotel judgement need determin properti qualifi invest properti enterpris develop criteria exercis judgement consist accord definit invest properti relat guidanc paragraph paragraph requir enterpris disclos criteria classif difficult ia leas lesse capitalis properti held oper leas lesse treat interest properti invest properti case enterpris own properti leas occupi parent subsidiari properti qualifi invest properti consolid financi statement includ enterpris properti owner occupi perspect group perspect individu enterpris own properti invest properti meet definit paragraph lessor treat properti invest properti individu financi statement recognit invest properti recognis asset probabl futur econom benefit invest properti flow enterpris cost invest properti measur reliabl determin item satisfi criterion recognit enterpris assess degre certainti attach flow futur econom benefit basi evid time initi recognit criterion recognit readili satisfi exchang transact evidenc purchas asset identifi cost initi measur invest properti measur initi cost transact cost includ initi measur cost purchas invest properti compris purchas price directli attribut expenditur directli attribut expenditur includ profession fee legal servic properti transfer tax transact cost cost construct invest properti cost date construct develop complet date enterpris appli ia properti plant equip date properti invest properti standard appli paragraph cost invest properti increas start cost bring properti work condit initi oper loss incur invest properti achiev plan level occup abnorm amount wast materi labour resourc incur construct develop properti payment invest properti defer cost cash price equival differ amount total payment recognis interest expens period credit subsequ expenditur subsequ expenditur relat invest properti recognis ad carri amount invest properti probabl futur econom benefit excess origin assess standard perform exist invest properti flow enterpris subsequ expenditur recognis expens period incur account treatment expenditur incur subsequ acquisit invest properti depend circumst account initi measur recognit relat invest instanc carri amount invest properti take account loss futur econom benefit subsequ expenditur restor futur econom benefit expect asset capitalis case purchas price asset reflect enterpris oblig incur expenditur futur bring asset work condit acquisit build requir renov circumst subsequ expenditur ad carri amount measur subsequ initi recognit enterpris choos fair model paragraph cost model paragraph account polici appli polici invest properti ia net profit loss period fundament error account polici state voluntari chang account polici made chang result present event transact financi statement enterpris highli chang fair model cost model result present standard requir enterpris determin fair invest properti purpos measur fair model disclosur cost model enterpris encourag requir determin fair invest properti basi valuat independ valuer hold recognis relev profession qualif recent experi locat categori invest properti valu fair model initi recognit enterpris choos fair model measur invest properti fair except case paragraph gain loss aris chang fair invest properti includ net profit loss period aris fair invest properti market fair measur probabl price obtain market balanc sheet date keep fair definit price obtain seller advantag price obtain buyer estim specif exclud estim price inflat deflat special term circumst atyp financ sale leaseback arrang special consider concess grant sale enterpris determin fair deduct transact cost enterpris incur sale dispos fair invest properti reflect actual market state circumst balanc sheet date past futur date estim fair time specif date market market condit chang estim incorrect inappropri time definit fair assum simultan exchang complet contract sale variat price made arm length transact knowledg parti exchang complet simultan fair invest properti reflect thing rental incom current leas reason support assumpt repres market view knowledg parti assum rental incom futur leas light current market condit definit fair refer quot knowledg parti quot context quot knowledg quot mean buyer seller inform natur characterist invest properti actual potenti state market balanc sheet date buyer motiv compel bui buyer eager determin bui price buyer purchas accord realiti current market current market expect imaginari hypothet market demonstr anticip exist assum buyer pai higher price market requir present owner invest properti includ constitut market seller eager forc seller prepar sell price prepar hold price consid reason current market seller motiv sell invest properti market term price obtain open market proper market price factual circumst actual invest properti owner part consider seller hypothet owner express quot proper market quot mean invest properti expos market manner effect dispos price obtain length exposur time vari market condit suffici invest properti brought attent adequ number potenti purchas exposur period assum occur prior balanc sheet date definit fair refer arm length transact arm length transact parti special relationship make price transact uncharacterist market transact presum unrel parti act independ evid fair current price activ market similar properti locat condit subject similar leas contract enterpris take care identifi differ natur locat condit properti contractu term leas contract relat properti absenc current price activ market kind paragraph enterpris consid inform varieti sourc includ current price activ market properti natur condit locat subject leas contract adjust reflect differ recent price activ market adjust reflect econom condit date transact occur price discount cash flow project base reliabl estim futur cash flow support term exist leas contract extern evid current market rent similar properti locat condit discount rate reflect current market assess uncertainti amount time cash flow case sourc list previou paragraph suggest conclus fair invest properti enterpris consid reason differ order arriv reliabl estim fair narrow rang reason fair estim except case clear evid enterpris acquir invest properti exist properti invest properti complet construct develop chang variabl rang reason fair estim great probabl outcom difficult assess us singl estim fair negat fair properti determin reliabl continu basi paragraph fair differ defin ia impair asset fair reflect knowledg estim particip market factor relev market particip gener contrast reflect enterpris knowledg estim entiti specif factor specif enterpris applic enterpris gener fair reflect addit deriv creation portfolio properti locat synergi invest properti asset legal right legal restrict specif current owner tax benefit tax burden specif current owner determin fair invest properti enterpris avoid doubl count asset liabil recognis balanc sheet separ asset liabil equip elev air condit integr part build gener includ invest properti recognis separ properti plant equip offic leas furnish basi fair offic gener includ fair furnitur rental incom relat furnish offic furnitur includ fair invest properti enterpris recognis furnitur separ asset fair invest properti exclud prepaid accru oper leas incom enterpris recognis separ liabil asset fair invest properti reflect futur capit expenditur improv enhanc properti reflect relat futur benefit futur expenditur case enterpris expect present payment relat invest properti payment relat recognis financi liabil exce present relat cash receipt enterpris ia provis conting liabil conting asset determin enterpris recognis liabil enterpris measur liabil inabl measur fair reliabl rebutt presumpt enterpris determin fair invest properti reliabl continu basi except case clear evid enterpris acquir invest properti exist properti invest properti complet construct develop chang enterpris determin fair invest properti reliabl continu basi aris compar market transact infrequ altern estim fair base discount cash flow project case enterpris measur invest properti benchmark treatment ia properti plant equip residu invest properti assum enterpris continu appli ia dispos invest properti except case enterpris compel reason previou paragraph measur invest properti ia benchmark treatment enterpris measur invest properti fair enterpris previous measur invest properti fair enterpris continu measur properti fair dispos properti owner occupi properti enterpris begin develop properti subsequ sale ordinari busi compar market transact frequent market price readili cost model initi recognit enterpris choos cost model measur invest properti benchmark treatment ia properti plant equip cost accumul depreci accumul impair loss transfer transfer invest properti made chang evidenc commenc owner occup transfer invest properti owner occupi properti commenc develop view sale transfer invest properti inventori end owner occup transfer owner occupi properti invest properti commenc oper leas parti transfer inventori invest properti end construct develop transfer properti construct develop cover ia properti plant equip invest properti paragraph requir enterpris transfer properti invest properti inventori chang evidenc commenc develop view sale enterpris decid dispos invest properti develop enterpris continu treat properti invest properti derecognis elimin balanc sheet treat inventori similarli enterpris begin redevelop exist invest properti continu futur invest properti remain invest properti reclassifi owner occupi properti redevelop paragraph deal recognit measur issu appli enterpris fair model invest properti enterpris cost model transfer invest properti owner occupi properti inventori chang carri amount properti transfer chang cost properti measur disclosur purpos transfer invest properti carri fair owner occupi properti inventori properti cost subsequ account ia ia fair date chang owner occupi properti invest properti carri fair enterpris appli ia date chang enterpris treat differ date carri amount properti ia fair revalu ia date owner occupi properti invest properti carri fair enterpris continu depreci properti recognis impair loss occur enterpris treat differ date carri amount properti ia fair revalu ia word result decreas carri amount properti recognis net profit loss period extent amount includ revalu surplu properti decreas charg revalu surplu result increas carri amount treat extent increas revers previou impair loss properti increas recognis net profit loss period amount recognis net profit loss period exce amount need restor carri amount carri amount determin net depreci impair loss recognis ii remain part increas credit directli equiti head revalu surplu subsequ dispos invest properti revalu surplu includ equiti transfer retain earn transfer revalu surplu retain earn made incom statement transfer inventori invest properti carri fair differ fair properti date previou carri amount recognis net profit loss period treatment transfer inventori invest properti carri fair consist treatment sale inventori enterpris complet construct develop construct invest properti carri fair differ fair properti date previou carri amount recognis net profit loss period dispos invest properti derecognis elimin balanc sheet dispos invest properti perman withdrawn futur econom benefit expect dispos dispos invest properti occur sale enter financ leas determin date dispos invest properti enterpris appli criteria ia revenu recognis revenu sale good consid relat guidanc appendix ia ia leas appli dispos enter financ leas sale leaseback gain loss aris retir dispos invest properti determin differ net dispos proce carri amount asset recognis incom expens incom statement ia leas requir sale leaseback consider receiv dispos invest properti recognis initi fair payment invest properti defer consider receiv recognis initi cash price equival differ nomin amount consider cash price equival recognis interest revenu ia time proport basi take account effect yield receiv enterpris appli ia provis conting liabil conting asset intern account standard liabil enterpris retain dispos invest properti disclosur fair model cost model disclosur set appli addit ia leas ia owner invest properti lessor disclosur oper leas ia enterpris hold invest properti financ leas lesse disclosur financ leas lessor disclosur oper leas enterpris grant enterpris disclos classif difficult paragraph criteria develop enterpris distinguish invest properti owner occupi properti properti held sale ordinari busi method signific assumpt appli determin fair invest properti includ statement determin fair support market evid heavili base factor enterpris disclos natur properti lack compar market data extent fair invest properti measur disclos financi statement base valuat independ valuer hold recognis relev profession qualif recent experi locat categori invest properti valu valuat fact disclos amount includ incom statement rental incom invest properti ii direct oper expens includ repair mainten aris invest properti gener rental incom period iii direct oper expens includ repair mainten aris invest properti gener rental incom period exist amount restrict realis invest properti remitt incom proce dispos materi contractu oblig purchas construct develop invest properti repair mainten enhanc fair model addit disclosur requir paragraph enterpris appli fair model paragraph disclos reconcili carri amount invest properti begin end period show compar inform requir addit disclos separ addit result acquisit result capitalis subsequ expenditur addit result acquisit busi combin dispos net gain loss fair adjust net exchang differ aris translat financi statement foreign entiti transfer inventori owner occupi properti movement except case enterpris measur invest properti benchmark treatment ia properti plant equip lack reliabl fair paragraph reconcili requir previou paragraph disclos amount relat invest properti separ amount relat invest properti addit enterpris disclos descript invest properti explan fair reliabl measur rang estim fair highli lie dispos invest properti carri fair fact enterpris dispos invest properti carri fair ii carri amount invest properti time sale iii amount gain loss recognis cost model addit disclosur requir paragraph enterpris appli cost model paragraph disclos depreci method live depreci rate gross carri amount accumul depreci aggreg accumul impair loss begin end period reconcili carri amount invest properti begin end period show compar inform requir addit disclos separ addit result acquisit result capitalis subsequ expenditur ii addit result acquisit busi combin iii dispos iv depreci amount impair loss recognis amount impair loss revers period ia impair asset vi net exchang differ aris translat financi statement foreign entiti vii transfer inventori owner occupi properti viii movement fair invest properti except case paragraph enterpris determin fair invest properti reliabl enterpris disclos descript invest properti ii explan fair determin reliabl iii rang estim fair highli lie transit provis fair model fair model enterpris report effect adopt standard effect date earlier adjust open balanc retain earn period standard adopt addit enterpris previous disclos publicli financi statement fair invest properti earlier period determin basi satisfi definit fair paragraph guidanc paragraph enterpris encourag requir adjust open balanc retain earn earliest period present fair disclos publicli ii restat compar inform period enterpris previous disclos publicli inform enterpris restat compar inform disclos fact standard requir treatment benchmark allow altern treatment account polici ia net profit loss period fundament error account polici ia requir compar inform restat benchmark treatment addit pro forma compar inform restat basi disclos allow altern treatment impractic enterpris adopt standard adjust open balanc retain earn includ reclassif amount held revalu surplu invest properti cost model ia appli chang account polici occur enterpris adopt standard choos cost model effect chang account polici includ reclassif amount held revalu surplu invest properti effect date intern account standard oper annual financi statement cover period begin januari earlier applic encourag enterpris appli standard period begin januari disclos fact standard supersed ia account invest respect invest properti intern account standard ia agricultur intern account standard approv iasc board decemb effect financi statement cover period begin januari introduct ia prescrib account treatment financi statement present disclosur relat agricultur activ matter cover intern account standard agricultur activ manag enterpris biolog transform live anim plant biolog asset sale agricultur produc addit biolog asset ia prescrib thing account treatment biolog asset period growth degener product procreat initi measur agricultur produc point harvest requir measur fair estim point sale cost initi recognit biolog asset point harvest fair measur reliabl initi recognit ia deal process agricultur produc harvest process grape wine wool yarn presumpt fair measur reliabl biolog asset presumpt rebut initi recognit biolog asset market determin price valu altern estim fair determin unreli case ia requir enterpris measur biolog asset cost accumul depreci accumul impair loss fair biolog asset reliabl measur enterpris measur fair estim point sale cost case enterpris measur agricultur produc point harvest fair estim point sale cost ia requir chang fair estim point sale cost biolog asset includ net profit loss period aris agricultur activ chang physic attribut live anim plant directli enhanc diminish econom benefit enterpris transact base histor cost account model plantat forestri enterpris report incom harvest sale year plant hand account model recognis measur biolog growth current fair valu report fair period plant harvest ia establish principl land relat agricultur activ enterpris ia properti plant equip ia invest properti depend standard circumst ia requir land measur cost accumul impair loss revalu amount ia requir land invest properti measur fair cost accumul impair loss biolog asset physic attach land tree plantat forest measur fair estim point sale cost separ land ia requir uncondit govern grant relat biolog asset measur fair estim point sale cost recognis incom govern grant receiv govern grant condit includ govern grant requir enterpris engag agricultur activ enterpris recognis govern grant incom condit attach govern grant met govern grant relat biolog asset measur cost accumul depreci accumul impair loss ia account govern grant disclosur govern assist appli ia effect annual financi statement cover period begin januari earlier applic encourag ia establish specif transit provis adopt ia account accord ia net profit loss period fundament error account polici appendix illustr exampl applic ia appendix basi conclus summaris board reason adopt requir set ia content gt tabl gt standard set bold ital type read context background materi implement guidanc standard context quot prefac intern account standard quot intern account standard intend appli immateri item paragraph prefac object object standard prescrib account treatment financi statement present disclosur relat agricultur activ scope standard appli account relat agricultur activ biolog asset agricultur produc point harvest govern grant cover paragraph standard appli land relat agricultur activ ia properti plant equip ia invest properti intang asset relat agricultur activ ia intang asset standard appli agricultur produc harvest product enterpris biolog asset point harvest ia inventori applic intern account standard appli standard deal process agricultur produc harvest process grape wine vintner grown grape process logic natur extens agricultur activ event take place bear similar biolog transform process includ definit agricultur activ standard tabl exampl biolog asset agricultur produc product result process harvest gt tabl gt definit agricultur relat definit term standard mean agricultur activ manag enterpris biolog transform biolog asset sale agricultur produc addit biolog asset agricultur produc harvest product enterpris biolog asset biolog asset live anim plant biolog transform compris process growth degener product procreat qualit quantit biolog asset group biolog asset aggreg similar live anim plant harvest detach produc biolog asset cessat biolog asset life process agricultur activ cover divers rang activ rais livestock forestri annual perenni crop cultiv orchard plantat floricultur aquacultur includ fish farm common featur exist divers capabl chang live anim plant capabl biolog transform manag chang manag facilit biolog transform enhanc stabilis condit process place nutrient level moistur temperatur fertil light manag distinguish agricultur activ activ harvest unmanag sourc ocean fish deforest agricultur activ measur chang chang qualiti genet merit densiti ripe fat cover protein content fibr strength quantiti progeni weight cubic metr fibr length diamet number bud brought biolog transform measur monitor routin manag function biolog transform result type outcom asset growth increas quantiti improv qualiti anim plant ii degener decreas quantiti deterior qualiti anim plant iii procreat creation addit live anim plant product agricultur produc latex tea leaf wool milk gener definit term standard mean activ market market condit exist item trade market homogen buyer seller found time price public carri amount amount asset recognis balanc sheet fair amount asset exchang liabil settl knowledg parti arm length transact govern grant defin ia account govern grant disclosur govern assist fair asset base present locat condit result fair cattl farm price cattl relev market transport cost cattl market recognit measur enterpris recognis biolog asset agricultur produc enterpris control asset result past event probabl futur econom benefit asset flow enterpris fair cost asset measur reliabl agricultur activ control evidenc legal ownership cattl brand mark cattl acquisit birth wean futur benefit assess measur signific physic attribut biolog asset measur initi recognit balanc sheet date fair estim point sale cost case paragraph fair measur reliabl agricultur produc harvest enterpris biolog asset measur fair estim point sale cost point harvest measur cost date appli ia inventori applic intern account standard point sale cost includ commiss broker dealer levi regulatori agenc commod exchang transfer tax duti point sale cost exclud transport cost asset market determin fair biolog asset agricultur produc facilit group biolog asset agricultur produc signific attribut ag qualiti enterpris select attribut attribut market basi price enterpris enter contract sell biolog asset agricultur produc futur date contract price necessarili relev determin fair fair reflect current market buyer seller enter transact result fair biolog asset agricultur produc adjust exist contract case contract sale biolog asset agricultur produc oner contract defin ia provis conting liabil conting asset ia appli oner contract activ market exist biolog asset agricultur produc quot price market basi determin fair asset enterpris access activ market enterpris relev enterpris access activ market price exist market expect activ market exist enterpris determin fair recent market transact price provid signific chang econom circumst date transact balanc sheet date market price similar asset adjust reflect differ sector benchmark orchard express export trai bushel hectar cattl express kilogram meat case inform sourc list paragraph suggest conclus fair biolog asset agricultur produc enterpris consid reason differ order arriv reliabl estim fair narrow rang reason estim circumst market determin price valu biolog asset present condit circumst enterpris present expect net cash flow asset discount current market determin pre tax rate determin fair object calcul present expect net cash flow determin fair biolog asset present locat condit enterpris consid determin discount rate estim expect net cash flow present condit biolog asset exclud increas addit biolog transform futur activ enterpris relat enhanc futur biolog transform harvest sell enterpris includ cash flow financ asset taxat establish biolog asset harvest cost replant tree plantat forest harvest agre arm length transact price knowledg buyer seller possibl variat cash flow fair reflect possibl variat enterpris incorpor expect variat cash flow expect cash flow discount rate combin determin discount rate enterpris assumpt consist estim expect cash flow avoid effect assumpt doubl count cost approxim fair biolog transform place initi cost incurr fruit tree seedl plant immedi prior balanc sheet date impact biolog transform price expect materi initi growth year pine plantat product cycl biolog asset physic attach land tree plantat forest separ market biolog asset attach land activ market exist combin asset biolog asset raw land land improv packag enterpris inform combin asset determin fair biolog asset fair raw land land improv deduct fair combin asset arriv fair biolog asset gain loss gain loss aris initi recognit biolog asset fair estim point sale cost chang fair estim point sale cost biolog asset includ net profit loss period aris loss aris initi recognit biolog asset estim point sale cost deduct determin fair estim point sale cost biolog asset gain aris initi recognit biolog asset calf born gain loss aris initi recognit agricultur produc fair estim point sale cost includ net profit loss period aris gain loss aris initi recognit agricultur produc result harvest inabl measur fair reliabl presumpt fair measur reliabl biolog asset presumpt rebut initi recognit biolog asset market determin price valu altern estim fair determin unreli case biolog asset measur cost accumul depreci accumul impair loss fair biolog asset reliabl measur enterpris measur fair estim point sale cost presumpt paragraph rebut initi recognit enterpris previous measur biolog asset fair estim point sale cost continu measur biolog asset fair estim point sale cost dispos case enterpris measur agricultur produc point harvest fair estim point sale cost standard reflect view fair agricultur produc point harvest measur reliabl determin cost accumul depreci accumul impair loss enterpris consid ia inventori ia properti plant equip ia impair asset govern grant uncondit govern grant relat biolog asset measur fair estim point sale cost recognis incom govern grant receiv govern grant relat biolog asset measur fair estim point sale cost condit includ govern grant requir enterpris engag agricultur activ enterpris recognis govern grant incom condit attach govern grant met term condit govern grant vari govern grant requir enterpris farm locat year requir enterpris return govern grant farm year case govern grant recognis incom year pass govern grant part govern grant retain base passag time enterpris recognis govern grant incom time proport basi govern grant relat biolog asset measur cost accumul depreci accumul impair loss paragraph ia account govern grant disclosur govern assist appli standard requir treatment ia govern grant relat biolog asset measur fair estim point sale cost govern grant requir enterpris engag agricultur activ ia appli govern grant relat biolog asset measur cost accumul depreci accumul impair loss present disclosur present enterpris present carri amount biolog asset separ face balanc sheet disclosur gener enterpris disclos aggreg gain loss aris current period initi recognit biolog asset agricultur produc chang fair estim point sale cost biolog asset enterpris provid descript group biolog asset disclosur requir paragraph form narr quantifi descript enterpris encourag provid quantifi descript group biolog asset distinguish consum bearer biolog asset matur immatur biolog asset enterpris disclos carri amount consum biolog asset bearer biolog asset group enterpris divid carri amount matur immatur asset distinct provid inform help assess time futur cash flow enterpris disclos basi make distinct consum biolog asset harvest agricultur produc sold biolog asset exampl consum biolog asset livestock intend product meat livestock held sale fish farm crop maiz wheat tree grown lumber bearer biolog asset consum biolog asset livestock milk produc grape vine fruit tree tree firewood harvest tree remain bearer biolog asset agricultur produc regener biolog asset classifi matur biolog asset immatur biolog asset matur biolog asset attain harvest specif consum biolog asset sustain regular harvest bearer biolog asset disclos inform publish financi statement enterpris describ natur activ involv group biolog asset financi measur estim physic quantiti group enterpris biolog asset end period ii output agricultur produc period enterpris disclos method signific assumpt appli determin fair group agricultur produc point harvest group biolog asset enterpris disclos fair estim point sale cost agricultur produc harvest period determin point harvest enterpris disclos exist carri amount biolog asset titl restrict carri amount biolog asset pledg secur liabil amount commit develop acquisit biolog asset financi risk manag strategi relat agricultur activ enterpris present reconcili carri amount biolog asset begin end current period compar inform requir reconcili includ gain loss aris fair estim point sale cost increas due purchas decreas due sale decreas due harvest increas result busi combin net exchang differ aris translat financi statement foreign entiti fair estim point sale cost biolog asset chang due physic price market separ disclosur physic price apprais current period perform futur prospect product cycl year case enterpris encourag disclos group amount chang fair estim point sale cost includ net profit loss due physic due price inform gener product cycl year rais chicken grow cereal crop biolog transform result number type physic chang growth degener product procreat observ measur physic direct relationship futur econom benefit chang fair biolog asset due harvest physic chang agricultur activ expos climat diseas natur risk event occur size natur incid relev understand enterpris perform period natur amount relat item incom expens disclos ia net profit loss period fundament error account polici exampl includ outbreak virul diseas flood sever drought frost plagu insect addit disclosur biolog asset fair measur reliabl enterpris measur biolog asset cost accumul depreci accumul impair loss paragraph end period enterpris disclos biolog asset descript biolog asset explan fair measur reliabl rang estim fair highli lie depreci method live depreci rate gross carri amount accumul depreci aggreg accumul impair loss begin end period current period enterpris measur biolog asset cost accumul depreci accumul impair loss paragraph enterpris disclos gain loss recognis dispos biolog asset reconcili requir paragraph disclos amount relat biolog asset separ addit reconcili includ amount includ net profit loss relat biolog asset impair loss revers impair loss depreci fair biolog asset previous measur cost accumul depreci accumul impair loss reliabl measur current period enterpris disclos biolog asset descript biolog asset explan fair reliabl measur effect chang govern grant enterpris disclos relat agricultur activ cover standard natur extent govern grant recognis financi statement unfulfil condit conting attach govern grant signific decreas expect level govern grant effect date transit intern account standard oper annual financi statement cover period begin januari earlier applic encourag enterpris appli standard period begin januari disclos fact standard establish specif transit provis adopt standard account accord ia net profit loss period fundament error account polici stand interpret committe interpret sic consist cost formula inventori paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia inventori issu ia cost formula fifo weight averag cost lifo inventori ordinarili interchang produc segreg specif project issu enterpris cost formula type inventori consensu enterpris cost formula inventori similar natur enterpris inventori natur commod busi segment type commod busi segment cost formula justifi differ geograph locat inventori respect tax rule suffici justifi cost formula date consensu juli effect date period begin januari earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic consist capitalis borrow cost paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia borrow cost issu ia choic recognis borrow cost expens period incur benchmark treatment capitalis borrow cost directli attribut acquisit construct product qualifi asset part cost asset allow altern treatment issu enterpris chosen polici capitalis borrow cost appli polici qualifi asset enterpris choos capitalis borrow cost qualifi asset consensu enterpris adopt allow altern treatment treatment appli consist borrow cost directli attribut acquisit construct product qualifi asset enterpris condit laid ia met enterpris continu capitalis borrow cost carri amount asset exce recover amount ia explain carri amount asset written recognis impair loss case date consensu juli effect date period begin januari earlier applic encourag account polici account transit requir ia enterpris allow altern treatment choos capitalis borrow cost incur effect date interpret stand interpret committe interpret sic elimin unrealis profit loss transact associ paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia account invest associ issu ia refer consolid procedur set ia give explicit guidanc elimin unrealis profit loss result quot upstream quot quot downstream quot transact investor consolid subsidiari associ quot upstream quot transact sale asset associ investor consolid subsidiari quot downstream quot transact sale asset investor consolid subsidiari associ issu extent investor elimin unrealis profit loss result transact investor consolid subsidiari associ account equiti method consensu associ account equiti method unrealis profit loss result quot upstream quot quot downstream quot transact investor consolid subsidiari associ elimin extent investor interest associ unrealis loss elimin extent transact evid impair asset transfer date consensu juli effect date period begin januari earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic cost modifi exist softwar paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer iasc framework prepar present financi statement issu enterpris incur consider cost modifi exist softwar system cost incur enabl continu oper intend turn millennium refer quot softwar cost quot introduct currenc quot euro quot issu cost capitalis cost recognis expens interpret address cost modifi softwar produc sale purchas replac softwar enhanc system quot upgrad quot enabl system continu perform anticip recognit impair loss relat exist comput softwar consensu cost incur order restor maintain futur econom benefit enterpris expect origin assess standard perform exist softwar system recognis expens restor mainten work carri enabl oper origin intend turn millennium introduct euro disclosur major softwar modif give rise uncertainti accord ia revis enterpris encourag present financi statement inform princip uncertainti face descript activ expenditur incur plan incur futur period respect signific softwar modif date consensu octob effect date interpret effect june account polici account transit requir ia stand interpret committe interpret sic introduct euro paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia effect foreign exchang rate issu januari effect start econom monetari union emu euro currenc convers rate euro particip nation currenc irrevoc fix risk subsequ exchang differ relat currenc elimin date issu applic ia changeov nation currenc particip member state european union euro quot changeov quot consensu requir ia translat foreign currenc transact financi statement foreign oper strictli appli changeov rational appli fix exchang rate countri join emu stage mean foreign currenc monetari asset liabil result transact continu translat report currenc close rate result exchang differ recognis incom expens immedi enterpris continu appli exist account polici exchang gain loss relat foreign exchang contract reduc exchang risk futur transact commit anticipatori hedg cumul exchang differ relat translat financi statement foreign entiti continu classifi equiti recognis incom expens dispos net invest foreign entiti exchang differ result translat liabil denomin particip currenc includ carri amount relat asset date consensu octob effect date interpret effect june account polici account transit requir ia stand interpret committe interpret sic time applic iass primari basi account paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia present financi statement issu enterpris wish describ financi statement time compli full intern account standard quot iass quot previous present financi statement nation account requir quot nation gaap quot primari basi account present financi statement base part nation gaap part iass case nation gaap consid previou primari account basi ia revis ia give explicit guidanc account transit nation gaap iass primari account basi issu financi statement enterpris prepar present period iass appli full primari account basi iass appli full primari account basi specif transit provis set individu standard interpret appli balanc item exist effect date standard interpret consensu period iass appli full time primari account basi financi statement enterpris prepar present financi statement prepar accord standard interpret effect period time applic standard interpret effect period time applic appli retrospect individu standard interpret requir permit transit treatment amount adjust relat prior period determin compar inform prepar present accord iass adjust result transit iass treat adjust open balanc retain earn earliest period present accord iass iass appli full primari account basi time enterpris appli transit provis effect standard interpret period end date prescrib respect standard interpret disclosur period iass appli full time primari account basi enterpris disclos amount adjust open balanc retain earn determin fact impractic provid compar inform fact ia permit choic transit account polici polici select enterpris encourag disclos connect disclosur requir ia revis fact iass appli full time date consensu januari effect date interpret effect august stand interpret committe interpret sic busi combin classif acquisit unit interest paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia revis busi combin issu order classifi busi combin ia revis quot ia quot gener definit paragraph addit guidanc paragraph acquisit paragraph unit interest ia clear identifi acquir virtual case unit interest expect occur except circumst standard provid explicit guidanc interact definit section guidanc acquisit unit interest issu definit addit guidanc ia interpret appli classifi busi combin busi combin ia classifi acquisit unit interest interpret deal transact enterpris common control consensu busi combin account acquisit acquir identifi virtual busi combin acquir identifi sharehold combin enterpris obtain control combin enterpris classif busi combin base evalu relev fact circumst transact guidanc ia exampl import factor consid comprehens set condit met singl characterist combin enterpris vote power rel fair valu combin enterpris evalu isol order determin busi combin account ia describ essenti characterist unit interest enterpris classifi busi combin acquisit characterist present characterist present enterpris classifi busi combin unit interest enterpris demonstr acquir identifi busi combin ia quot acquisit quot quot unit interest quot date consensu januari effect date interpret effect busi combin initi account recognit period begin august stand interpret committe interpret sic govern assist specif relat oper activ paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia account govern grant disclosur govern assist issu countri govern assist enterpris aim encourag long term support busi activ region industri sector condit receiv assist specif relat oper activ enterpris exampl assist transfer resourc govern enterpris oper industri continu oper recent privatis industri start continu run busi underdevelop area issu govern assist quot govern grant quot scope ia account accord standard consensu govern assist enterpris meet definit govern grant ia condit specif relat oper activ enterpris requir oper region industri sector grant credit directli equiti date consensu januari effect date interpret effect august account polici account transit requir ia stand interpret committe interpret sic foreign exchang capitalis loss result sever currenc devalu paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia effect foreign exchang rate issu enterpris liabil denomin foreign currenc result acquisit asset acquisit asset enterpris report currenc undergo sever devalu depreci result signific foreign exchang loss aris liabil measur close rate ia allow altern treatment ia requir condit appli enterpris includ exchang loss carri amount relat asset issu period condit liabil quot settl quot quot practic mean hedg quot appli acquisit asset quot recent quot consensu foreign exchang loss liabil includ carri amount relat asset liabil settl impractic hedg prior occurr sever devalu depreci report currenc adjust carri amount asset exce recover amount order includ foreign exchang loss liabil carri amount relat asset demonstr foreign currenc settlement liabil report enterpris impractic hedg exchang risk deriv forward contract option financi instrument expect occur rare simultan shortag foreign currenc due exchang control restrict impos govern central bank avail hedg instrument condit capitalis exchang loss met enterpris capitalis exchang loss incur sever devalu depreci report currenc extent condit capitalis continu met quot recent quot acquisit asset acquisit month prior sever devalu depreci report currenc date consensu januari effect date interpret effect august account polici account transit requir ia stand interpret committe interpret sic consolid special purpos entiti paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia consolid financi statement account invest subsidiari issu entiti creat accomplish narrow defin object effect leas research develop activ securitis financi asset special purpos entiti quot spe quot form corpor trust partnership unincorpor entiti spe creat legal arrang impos strict perman limit decis make power govern board truste manag oper spe frequent provis polici guid ongo activ spe modifi creator sponsor oper quot autopilot quot sponsor enterpris behalf spe creat frequent transfer asset spe obtain asset held spe perform servic spe parti quot capit provid quot provid fund spe enterpris engag transact spe frequent creator sponsor substanc control spe benefici interest spe form debt instrument equiti instrument particip residu interest leas benefici interest simpli provid holder fix state rate return give holder right access futur econom benefit spe activ case creator sponsor enterpris behalf spe creat retain signific benefici interest spe activ spe equiti ia requir consolid entiti control report enterpris standard provid explicit guidanc consolid spe issu circumst enterpris consolid spe interpret appli post employ benefit plan equiti compens plan transfer asset enterpris spe qualifi sale enterpris transfer qualifi sale provis ia interpret enterpris consolid spe interpret address circumst sale treatment appli enterpris elimin consequ sale consolid consensu spe consolid substanc relationship enterpris spe spe control enterpris context spe control aris predetermin activ spe oper quot autopilot quot ia circumst result control case enterpris own half vote power enterpris similarli control exist case enterpris own spe equiti applic control concept requir case judgement context relev factor addit situat ia circumst relationship enterpris control spe consolid spe addit guidanc provid appendix interpret substanc activ spe conduct behalf enterpris specif busi enterpris obtain benefit spe oper substanc enterpris decis make power obtain major benefit activ spe set quot autopilot quot mechan enterpris deleg decis make power substanc enterpris right obtain major benefit spe expos risk incid activ spe substanc enterpris retain major residu ownership risk relat spe asset order obtain benefit activ predetermin ongo activ spe enterpris sponsor parti benefici interest repres type restrict refer ia date consensu june effect date interpret effect annual financi period begin juli earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic jointli control entiti monetari contribut ventur paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia revis financi report interest joint ventur issu ia revis refer contribut sale ventur joint ventur quot ventur contribut sell asset joint ventur recognit portion gain loss transact reflect substanc transact quot addit ia revis quot jointli control entiti joint ventur involv establish corpor partnership entiti ventur interest quot explicit guidanc recognit gain loss result contribut monetari asset jointli control entiti quot jce quot contribut jce transfer asset ventur exchang equiti interest jce contribut form contribut made simultan ventur establish jce subsequ consider receiv ventur exchang asset contribut jce includ cash consider depend futur cash flow jce quot addit consider quot issu portion gain loss result contribut monetari asset jce exchang equiti interest jce recognis ventur incom statement addit consider account ventur unrealis gain loss present consolid financi statement ventur interpret deal ventur account monetari contribut jce exchang equiti interest jce account equiti method proportion consolid consensu appli ia monetari contribut jce exchang equiti interest jce ventur recognis incom statement period portion gain loss attribut equiti interest ventur signific risk reward ownership contribut monetari asset transfer jce gain loss monetari contribut measur reliabl monetari asset contribut similar contribut ventur monetari asset similar contribut ventur similar natur similar line busi similar fair contribut meet similar test signific compon asset thereof similar contribut ventur except appli gain loss consid unrealis recognis incom statement paragraph appli addit receiv equiti interest jce ventur receiv monetari monetari asset dissimilar contribut portion gain loss transact recognis ventur incom statement unrealis gain loss monetari asset contribut jce elimin underli asset proportion consolid method invest equiti method unrealis gain loss present defer gain loss ventur consolid balanc sheet date consensu june effect date interpret effect annual financi period begin januari earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic properti plant equip compens impair loss item paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia properti plant equip revis issu enterpris receiv monetari monetari compens parti impair loss item properti plant equip monetari compens receiv compel econom reason restor impair asset purchas construct asset order replac asset lost ia revis give explicit guidanc account monetari monetari compens exampl case includ reimburs insur compani impair loss item properti plant equip due natur disast theft mishandl indemn govern item properti plant equip expropri land public purpos compens relat involuntari convers item properti plant equip reloc facil design urban area urban area accord nation land polici physic replac part impair lost asset issu enterpris account impair loss item properti plant equip relat compens parti subsequ restor purchas construct asset consensu impair loss item properti plant equip relat claim payment compens parti subsequ purchas construct replac asset separ econom event account econom event account separ impair item properti plant equip recognis ia retir dispos item properti plant equip recognis ia revis monetari monetari compens parti item properti plant equip impair lost includ incom statement recognis cost asset restor purchas construct replac receiv compens determin present ia revis disclosur monetari monetari compens recognis impair loss item properti plant equip disclos separ date consensu june effect date interpret effect annual financi period begin juli earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic oper leas incent paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia leas revis issu negoti renew oper leas lessor provid incent lesse enter agreement exampl incent front cash payment lesse reimburs assumpt lessor cost lesse reloc cost leasehold improv cost pre exist leas commit lesse altern initi period leas term agre rent free reduc rent issu incent oper leas recognis financi statement lesse lessor consensu incent agreement renew oper leas recognis integr part net consider agre leas asset irrespect incent natur form time payment lessor recognis aggreg cost incent reduct rental incom leas term straight line basi systemat basi repres time pattern benefit leas asset diminish lesse recognis aggreg benefit incent reduct rental expens leas term straight line basi systemat basi repres time pattern lesse benefit leas asset cost incur lesse includ cost connect pre exist leas cost termin reloc leasehold improv account lesse accord intern account standard applic cost includ cost effect reimburs incent arrang date consensu june effect date interpret effect leas term begin januari stand interpret committe interpret sic consist altern method paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia revis present financi statement issu iasc standard provid enterpris explicit choic altern account polici appli prepar financi statement standard provid explicit choic account polici manner choic exercis ia enterpris choos polici recognit fair sale financi asset appli polici select sale financi asset standard silent manner exercis choic issu choic account polici exercis context iasc standard explicit choic account polici silent manner exercis choic fundament question choic polici made polici consist item account specif requir provid choic consensu account polici intern account standard interpret enterpris choos appli consist polici standard interpret specif requir permit categoris item transact event balanc amount polici standard requir permit categoris item account polici select appli consist categori addit guidanc provid appendix appendix interpret initi polici select requir paragraph chang account polici made accord ia appli item categori item manner paragraph date consensu effect date interpret effect annual financi period begin juli earlier applic encourag account polici account transit requir ia stand interpret committe interpret sic report currenc measur present financi statement ia ia paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia effect foreign exchang rate revis ia financi report hyperinflationari economi reformat issu paragraph ia state standard currenc enterpris present financi statement enterpris currenc countri domicil ia defin term quot report currenc quot currenc present financi statement report currenc enterpris signific implic account measur financi statement ia defin foreign currenc currenc report currenc enterpris select report currenc establish currenc treat foreign currenc procedur account foreign currenc transact translat financi statement foreign oper ia ia addit consequ select report currenc foreign entiti report currenc hyperinflationari economi financi statement foreign entiti restat ia translat report currenc report enterpris ia requir restat enterpris present financi statement currenc hyperinflationari economi report currenc issu enterpris determin currenc measur item financi statement quot measur currenc quot enterpris currenc measur currenc present financi statement quot present currenc quot present currenc measur currenc financi statement translat measur currenc present currenc ia state restat enterpris financi statement currenc present financi statement complianc ia currenc conveni user accustom currenc similar purpos dealt ia result restat address interpret consensu measur currenc provid inform enterpris reflect econom substanc underli event circumst relev enterpris currenc signific extent signific impact enterpris currenc currenc measur currenc addit guidanc provid appendix interpret transact currenc measur currenc treat transact foreign currenc appli ia measur currenc select chang chang underli event circumst relev enterpris determin accord paragraph interpret measur currenc determin accord paragraph interpret currenc hyperinflationari economi enterpris financi statement restat ia enterpris foreign entiti defin ia includ financi statement report enterpris financi statement restat ia translat report currenc report enterpris currenc countri hyperinflationari economi determin measur currenc paragraph interpret enterpris requir restat financi statement ia enterpris present financi statement currenc measur currenc determin paragraph interpret choos present financi statement currenc method translat financi statement report enterpris measur currenc currenc present intern account standard financi statement present fairli financi posit financi perform cash flow translat method appli enterpris lead report manner inconsist measur item financi statement currenc determin accord paragraph interpret case enterpris foreign entiti present consolid financi statement currenc present consolid financi statement parent measur currenc differ measur currenc individu foreign entiti appendix illustr applic interpret consolid financi statement disclosur disclos measur currenc currenc countri enterpris domicil reason currenc reason chang measur currenc present currenc financi statement present currenc enterpris measur currenc measur currenc reason present currenc descript method translat process consolid financi statement refer measur currenc purpos disclosur requir measur currenc parent date consensu februari effect date interpret effect annual financi period begin januari account polici account transit requir ia stand interpret committe interpret sic equiti account method recognit loss paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia account invest associ revis issu situat investor hold varieti financi interest associ joint ventur account equiti method investor hold financi interest includ ordinari prefer share loan advanc debt secur option acquir ordinari share trade receiv ia appli equiti method investor share loss associ equal exce carri amount invest investor discontinu includ share loss incom statement addit loss provid extent investor incur oblig made payment behalf associ satisfi oblig associ investor guarante commit appli equiti method issu financi interest includ quot carri amount invest quot refer ia recognit entiti share loss associ jointli control entiti investe excess carri amount invest continu enterpris hold financi interest investe includ carri amount invest interpret address applic equiti method ia allow altern treatment permit ia enterpris appli equiti method report interest jointli control entiti appli interpret consensu financi interest varieti wai interest ordinari share prefer share purpos appli ia carri amount invest includ carri amount instrument provid unlimit right particip earn loss residu equiti interest investe investor share loss exce carri amount invest carri amount invest reduc nil recognit loss discontinu investor incur oblig investe satisfi oblig investe investor guarante commit fund extent investor incur oblig investor continu recognis share loss investe financi interest investe includ carri amount invest paragraph interpret account accord applic intern account standard ia prior implement ia ia reformat continu loss investe consid object evid financi interest investe financi interest includ carri amount invest paragraph interpret financi interest impair impair carri amount financi interest includ carri amount asset determin base carri amount adjust equiti method loss investor guarante commit oblig investe satisfi oblig investe addit continu recognis share loss investe investor determin provis recognis accord ia prior applic ia recognit provis evalu requir ia reformat disclosur investor discontinu recognit share loss investe investor disclos note financi statement amount unrecognis share loss investe period cumul date consensu august effect date interpret effect juli account polici account transit requir ia stand interpret committe interpret sic incom tax recoveri revalu depreci asset paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item draft interpret sic incom tax omnibu issu comment septemb draft interpret includ issu address interpret issu includ interpret sic incom tax tax statu enterpris sharehold refer ia incom tax revis issu ia measur defer tax liabil asset reflect tax consequ follow manner enterpris expect balanc sheet date recov settl carri amount asset liabil give rise temporari differ ia note revalu asset affect taxabl profit tax loss period revalu tax base asset adjust result revalu futur recoveri carri amount taxabl differ carri amount revalu asset tax base temporari differ rise defer tax liabil asset issu interpret term quot recoveri quot relat asset depreci depreci asset revalu paragraph ia revis interpret appli invest properti carri revalu amount ia consid depreci ia appli consensu defer tax liabil asset aris revalu depreci asset ia measur base tax consequ follow recoveri carri amount asset sale basi measur carri amount asset tax law specifi tax rate applic taxabl amount deriv sale asset differ tax rate applic taxabl amount deriv asset rate appli measur defer tax liabil asset relat depreci asset date consensu august effect date consensu effect juli account polici account transit requir ia stand interpret committe interpret sic busi combin subsequ adjust fair valu goodwil initi report paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item refer ia revis busi combin issu initi account busi combin acquir evid identifi estim reliabl fair valu asset liabil acquir identifi asset liabil satisfi criteria recognit due complex busi acquir produc report financi inform time basi reason ia revis account busi acquisit identifi asset liabil acquir satisfi criteria separ recognit acquisit initi account recognis subsequ satisfi criteria carri amount identifi asset liabil acquir adjust subsequ acquisit addit evid assist estim amount assign identifi asset liabil acquisit initi account amount assign goodwil neg goodwil adjust extent adjust increas carri amount goodwil recover amount defin ia impair asset adjust made end annual account period commenc acquisit recognit identifi liabil paragraph timefram paragraph appli adjust identifi asset liabil recognis incom expens issu make adjust limit circumst ia adjust initi fair valu identifi asset liabil acquir includ effect depreci result adjust fair valu appli date acquisit relat adjust goodwil neg goodwil includ effect amortis adjust amount assign goodwil neg goodwil date acquisit adjust identifi asset liabil acquir goodwil neg goodwil present interpret appli item specif address intern account standard defer tax asset liabil recognis ia revis paragraph revers provis initi made termin reduc activ acquire ia revis paragraph consensu adjust carri amount identifi asset liabil acquir made limit circumst ia calcul adjust fair valu appli date acquisit result adjust includ effect chang fair valu initi assign effect depreci result adjust fair valu appli date acquisit adjust identifi asset liabil made end annual account period commenc acquisit carri amount goodwil neg goodwil adjust amount determin adjust fair valu date acquisit result goodwil amortis recognit neg goodwil adjust date acquisit adjust carri amount goodwil made extent increas carri amount goodwil recover amount adjust depreci amortis impair charg amount determin paragraph interpret includ net profit loss respect classif incom expens present face incom statement item subsequ acquisit date requir permit credit charg directli equiti standard recognis equiti interpret alter treatment standard disclosur adjust carri amount identifi asset liabil goodwil neg goodwil disclos explain financi statement period adjust made amount adjust relat prior compar period disclos date consensu octob effect date interpret effect adjust made annual period end juli stand interpret committe interpret sic properti plant equip major inspect overhaul cost paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia properti plant equip revis issu ia revis requir capitalis subsequ expenditur item plant properti equip improv condit asset origin assess standard perform subsequ expenditur repair mainten expenditur restor maintain futur econom benefit enterpris expect origin assess standard perform asset recognis expens period incur ia major compon item properti plant equip requir replac regular interv compon account separ asset live item properti plant equip relat enterpris purchas properti plant equip asset incur cost bring condit intend enterpris futur perform major inspect overhaul asset regular interv life continu asset enterpris purchas aircraft requir overhaul year issu enterpris incur cost major inspect overhaul item properti plant equip occur regular interv life asset made continu asset enterpris cost capitalis compon asset expens consensu cost major inspect overhaul item properti plant equip occur regular interv life asset made continu asset recognis expens period incur consist ia enterpris identifi separ compon asset amount repres major inspect overhaul depreci compon reflect consumpt benefit replac restor subsequ major inspect overhaul asset carri histor cost revalu probabl futur econom benefit asset flow enterpris cost major inspect overhaul enterpris measur reliabl criteria met cost capitalis account compon asset date consensu octob effect date interpret effect juli implement compon approach interpret chang method depreci treat chang account estim consist ia result depreci charg current futur period adjust stand interpret committe interpret sic earn share financi instrument contract settl share paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia earn share issu form financi instrument contract settl report enterpris payment financi asset payment form transfer ordinari share report enterpris holder case manner settlement chosen issuer financi instrument case manner settlement chosen holder financi instrument type instrument contractu oblig report enterpris settl payment cash issuanc ordinari share report enterpris issu financi instrument contract settl payment financi asset issuanc ordinari share report enterpris option issuer holder potenti ordinari share ia interpret address contract altern settlement method term consensu financi instrument contract result issuanc ordinari share report enterpris holder financi instrument contract option issuer holder potenti ordinari share enterpris date consensu februari effect date interpret effect decemb compar inform present disclos financi statement ia restat effect appli interpret stand interpret committe interpret sic incom tax tax statu enterpris sharehold paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret intend appli immateri item draft interpret sic incom tax omnibu issu comment septemb draft interpret includ issu address interpret issu includ interpret sic incom tax recoveri revalu depreci asset refer ia incom tax revis issu chang tax statu enterpris sharehold consequ enterpris increas decreas tax liabil asset occur public list enterpris equiti instrument restructur enterpris equiti occur control sharehold move foreign countri result event enterpris tax differ gain lose tax incent subject rate tax futur chang tax statu enterpris sharehold effect enterpris current tax liabil asset chang increas decreas defer tax liabil asset recognis enterpris depend effect chang tax statu tax consequ aris recov settl carri amount enterpris asset liabil issu enterpris account tax consequ chang tax statu sharehold consensu chang tax statu enterpris sharehold give rise increas decreas amount recognis directli equiti current defer tax consequ chang tax statu includ net profit loss period consequ relat transact event result period direct credit charg recognis amount equiti tax consequ relat recognis amount equiti period includ net profit loss charg credit directli equiti date consensu august effect date consensu effect juli account polici account transit requir ia stand interpret committe interpret sic evalu substanc transact involv legal form leas paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia present financi statement revis ia leas revis ia revenu revis issu enterpris enter transact seri structur transact arrang unrel parti parti investor involv legal form leas enterpris leas asset investor leas asset back altern legal sell asset leas asset back form arrang term condit vari significantli leas leaseback arrang design achiev tax advantag investor share enterpris form fee convei asset arrang investor involv legal form leas issu determin seri transact link account transact arrang meet definit leas ia separ invest account leas payment oblig exist repres asset liabil enterpris paragraph appendix ii enterpris account oblig result arrang iii enterpris account fee receiv investor consensu seri transact involv legal form leas link account transact econom effect understood refer seri transact case seri transact close interrel negoti singl transact take place concurr continu sequenc appendix illustr applic interpret account reflect substanc arrang aspect implic arrang evalu determin substanc weight aspect implic econom effect ia appli substanc arrang includ convey asset agre period time indic individu demonstr arrang substanc involv leas ia includ appendix illustr applic interpret enterpris retain risk reward incid ownership underli asset enjoi substanti right arrang primari reason arrang achiev tax result convei asset option includ term make exercis put option exercis price suffici higher expect fair exercis definit guidanc paragraph framework appli determin substanc separ invest account leas payment oblig repres asset liabil enterpris indic collect demonstr substanc separ invest account leas payment oblig meet definit asset liabil recognis enterpris includ enterpris control invest account pursuit object oblig pai leas payment occur prepaid amount separ invest account protect investor pai investor investor agre leas payment oblig paid fund invest account enterpris abil withhold payment investor invest account enterpris remot risk reimburs entir amount fee receiv investor possibl pai addit amount fee receiv remot risk pai amount oblig guarante remot risk payment exist term arrang requir prepaid amount invest risk free asset expect gener suffici cash flow satisfi leas payment oblig initi cash flow incept arrang cash flow expect arrang leas payment satisfi sole fund withdrawn separ invest account establish initi cash flow oblig arrang includ guarante provid oblig incur earli termin account ia ia depend term criteria paragraph ia appli fact circumst arrang determin recognis fee incom enterpris receiv factor continu involv form signific futur perform oblig earn fee retain risk term guarante arrang risk repay fee consid indic individu demonstr recognit entir fee incom receiv receiv begin arrang inappropri includ oblig perform refrain signific activ condit earn fee receiv execut legal bind arrang signific act requir arrang limit put underli asset practic effect restrict significantli chang enterpris abil deplet sell pledg collater asset possibl reimburs amount fee possibl pai addit amount remot occur underli asset specialis asset requir enterpris conduct busi possibl enterpris pai amount termin arrang earli ii enterpris requir term arrang total discret invest prepaid amount asset carri insignific amount risk currenc interest rate credit risk circumst risk invest insuffici satisfi leas payment oblig remot possibl enterpris requir pai amount fee present incom statement base econom substanc natur disclosur aspect arrang substanc involv leas ia consid determin disclosur understand arrang account treatment adopt enterpris disclos period arrang exist descript arrang includ underli asset restrict ii life signific term arrang iii transact link includ option account treatment appli fee receiv amount recognis incom period line item incom statement includ disclosur requir accord paragraph interpret provid individu arrang aggreg class arrang class group arrang underli asset similar natur power plant date consensu februari effect date interpret effect decemb account polici account transit requir ia stand interpret committe interpret sic busi combin quot date exchang quot fair equiti instrument paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia busi combin revis issu enterpris issu equiti instrument purchas consider busi combin account acquisit ia ia requir acquisit account cost equiti instrument issu acquir measur fair date exchang equiti instrument issu purchas consider quot market market price date exchang reliabl indic fair ia price movement reason period announc term acquisit consid issu quot date exchang quot determin fair equiti instrument issu purchas consider acquisit evid valuat method addit publish price date exchang quot equiti instrument inform disclos publish price quot equiti instrument instrument fair inform disclos equiti instrument publish price ia requir amount adjust purchas consider conting futur event includ cost acquisit date acquisit adjust probabl amount measur reliabl ia requir cost acquisit adjust conting affect amount purchas consider resolv subsequ date acquisit interpret appli equiti instrument issu adjust purchas consider conting futur event adjust probabl amount measur reliabl date acquisit consensu acquisit achiev exchang transact stage quot date exchang quot date acquisit date acquir obtain control net asset oper acquire acquisit achiev stage success share purchas fair equiti instrument issu purchas consider stage determin date individu invest recognis financi statement acquir publish price date exchang quot equiti instrument evid instrument fair rare circumst evid valuat method consid rare circumst demonstr publish price date unreli indic evid valuat method provid reliabl measur equiti instrument fair publish price date exchang unreli indic affect undu price fluctuat narrow market disclosur publish price equiti instrument issu purchas consider exist date exchang instrument fair enterpris disclos fact reason publish price fair equiti instrument method signific assumpt appli determin fair aggreg amount differ publish price amount determin fair equiti instrument equiti instrument issu purchas consider publish price date exchang enterpris disclos fact method signific assumpt appli determin fair date consensu februari effect date interpret effect acquisit initi account recognit decemb stand interpret committe interpret sic disclosur servic concess arrang paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia present financi statement revis issu enterpris concess oper enter arrang enterpris concess provid provid servic give public access major econom social facil concess provid public privat sector enterpris includ government bodi exampl servic concess arrang involv water treatment suppli facil motorwai car park tunnel bridg airport telecommun network exampl arrang servic concess arrang includ enterpris outsourc oper intern servic employe cafeteria build mainten account inform technolog function servic concess arrang gener involv concess provid convei period concess concess oper provid servic give public access major econom social facil case tangibl asset intang asset financi asset exchang concess oper commit provid servic term condit concess period applic commit return end concess period right receiv begin concess period acquir concess period common characterist servic concess arrang concess oper receiv incur oblig provid public servic issu inform disclos note financi statement concess oper concess provid aspect disclosur relat servic concess arrang address exist intern account standard ia appli acquisit item properti plant equip ia appli leas asset ia appli acquisit intang asset servic concess arrang involv executori contract address intern account standard contract oner case ia appli interpret address addit disclosur servic concess arrang consensu aspect servic concess arrang consid determin disclosur note financi statement concess oper concess provid disclos period descript arrang signific term arrang affect amount time certainti futur cash flow period concess repric date basi repric renegoti determin natur extent quantiti time period amount right asset ii oblig provid right expect provis servic iii oblig acquir build item properti plant equip iv oblig deliv right receiv asset end concess period renew termin option vi right oblig major overhaul arrang occur period disclosur requir accord paragraph interpret provid individu servic concess arrang aggreg class servic concess arrang class group servic concess arrang involv servic similar natur toll collect telecommun water treatment servic date consensu effect date interpret effect decemb stand interpret committe interpret sic report currenc translat measur currenc present currenc paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia effect foreign exchang rate revis ia financi report hyperinflationari economi reformat issu sic report currenc measur present financi statement ia ia address issu enterpris translat financi statement currenc measur item financi statement measur currenc currenc present purpos present currenc sic method translat appli requir translat method lead report manner inconsist measur item financi statement sic elabor requir russian enterpris russian roubl measur currenc translat financi statement currenc euro present state method appli translat russian roubl euro effect substitut euro russian roubl measur currenc ia state standard deal restat enterpris financi statement report currenc currenc conveni user accustom currenc similar purpos issu item financi statement translat measur currenc present currenc financi statement present currenc measur currenc determin sic inform disclos financi statement present currenc measur currenc determin sic ii addit inform requir intern account standard displai financi statement currenc currenc present financi statement conveni user interpret read appli conjunct requir sic term quot financi statement quot encompass consolid financi statement state ia consensu financi statement present currenc measur currenc determin sic measur currenc currenc hyperinflationari economi requir sic appli asset liabil balanc sheet present includ compar translat close rate exist date balanc sheet present incom expens item period present includ compar translat exchang rate exist date transact rate approxim actual exchang rate equiti item net profit loss period includ balanc accumul profit loss translat close rate exist date balanc sheet present exchang differ result translat accord paragraph interpret recognis directli equiti financi statement present currenc measur currenc determin sic measur currenc currenc hyperinflationari economi requir sic appli asset liabil equiti item balanc sheet present includ compar translat close rate exist date recent balanc sheet present incom expens item period present includ compar translat close rate exist end recent period present disclosur financi statement present currenc measur currenc determin sic enterpris state fact measur currenc reflect econom substanc underli event circumst enterpris addit disclos inform requir sic financi statement present currenc measur currenc determin sic measur currenc currenc hyperinflationari economi enterpris disclos close exchang rate measur currenc present currenc exist date balanc sheet present addit disclosur requir ia addit inform requir intern account standard displai financi statement currenc currenc present financi statement conveni user enterpris identifi inform supplementari inform distinguish inform requir intern account standard translat accord paragraph interpret whichev applic disclos measur currenc prepar financi statement method translat determin supplementari inform displai disclos fact measur currenc reflect econom substanc underli event circumst enterpris supplementari inform displai currenc conveni purpos disclos currenc supplementari inform displai statement requir paragraph requir consolid financi statement circumst measur currenc enterpris group present currenc displai addit inform displai currenc purpos disclosur requir paragraph consolid financi statement refer measur currenc measur currenc parent date consensu effect date interpret effect annual financi period begin januari account polici account transit requir ia stand interpret committe interpret sic revenu barter transact involv advertis servic paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia revenu revis issu enterpris seller enter barter transact provid advertis servic exchang receiv advertis servic custom custom advertis displai internet poster site broadcast televis radio publish magazin journal present medium case cash consider exchang enterpris case equal approxim equal amount cash consider exchang seller advertis servic ordinari activ recognis revenu ia barter transact involv advertis criteria servic exchang dissimilar ia amount revenu measur reliabl ia interpret appli exchang dissimilar advertis servic exchang similar advertis servic transact gener revenu ia issu circumst seller reliabl measur revenu fair advertis servic receiv provid barter transact consensu revenu barter transact involv advertis measur reliabl fair advertis servic receiv seller reliabl measur revenu fair advertis servic barter transact refer barter transact involv advertis similar advertis barter transact occur frequent repres predomin number transact amount compar transact provid advertis similar advertis barter transact involv cash form consider market secur monetari asset servic reliabl measur fair involv counterparti barter transact date consensu effect date interpret effect decemb account polici account transit requir ia stand interpret committe interpret sic intang asset web site cost paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia intang asset issu enterpris incur intern expenditur develop oper web site intern extern access web site design extern access purpos promot advertis enterpris product servic provid electron servic sell product servic web site design intern access store compani polici custom detail search relev inform stage web site develop plan includ undertak feasibl studi defin object specif evalu altern select prefer applic infrastructur develop includ obtain domain purchas develop hardwar oper softwar instal develop applic stress test graphic design develop includ design appear web page content develop includ creat purchas prepar upload inform textual graphic natur web site complet web site develop inform store separ databas integr access web site code directli web page develop web site complet oper stage begin stage enterpris maintain enhanc applic infrastructur graphic design content web site account intern expenditur develop oper enterpris web site intern extern access issu web site intern gener intang asset subject requir ia account treatment expenditur interpret appli expenditur purchas develop oper hardwar web server stage server product server internet connect web site expenditur account ia properti plant equip revis addition enterpris incur expenditur internet servic provid host enterpris web site expenditur recognis expens ia framework servic receiv ia appli intang asset held enterpris sale ordinari busi ia inventori ia construct contract leas fall scope ia leas revis interpret appli expenditur develop oper web site web site softwar sale enterpris web site leas oper leas lessor appli interpret web site leas financ leas lesse appli interpret initi recognit leas asset consensu enterpris web site aris develop intern extern access intern gener intang asset subject requir ia web site aris develop recognis intang asset addit compli gener requir ia recognit initi measur enterpris satisfi requir ia enterpris satisfi requir demonstr web site gener probabl futur econom benefit ia web site capabl gener revenu includ direct revenu enabl order enterpris demonstr web site develop sole primarili promot advertis product servic gener probabl futur econom benefit expenditur develop web site recognis expens incur intern expenditur develop oper enterpris web site account accord ia natur activ expenditur incur train employe maintain web site web site stage develop post develop evalu determin account treatment addit guidanc provid appendix interpret plan stage similar natur research phase ia expenditur incur stage recognis expens incur applic infrastructur develop stage graphic design stage content develop stage extent content develop purpos advertis promot enterpris product servic similar natur develop phase ia expenditur incur stage includ cost web site recognis intang asset accord paragraph interpret expenditur directli attribut alloc reason consist basi prepar web site intend expenditur purchas creat content content advertis promot enterpris product servic specif web site expenditur enabl content fee acquir licenc reproduc web site includ cost develop condit met accord ia expenditur intang item initi recognis expens previou financi statement recognis part cost intang asset date cost copyright fulli amortis content subsequ provid web site expenditur incur content develop stage extent content develop advertis promot enterpris product servic digit photograph product recognis expens incur accord ia account expenditur profession servic take digit photograph enterpris product enhanc displai expenditur recognis expens profession servic receiv process digit photograph displai web site oper stage begin develop web site complet expenditur incur stage recognis expens incur meet criteria ia web site recognis intang asset paragraph interpret measur initi recognit appli requir ia estim web site life short date consensu effect date interpret effect march effect adopt interpret account transit requir ia web site meet criteria recognit intang asset previous recognis asset item derecognis date interpret effect web site exist expenditur develop meet criteria recognit intang asset previous recognis asset intang asset recognis date interpret effect web site exist expenditur develop meet criteria recognit intang asset previous recognis asset initi measur cost amount initi recognis deem properli determin stand interpret committe interpret sic consolid equiti method potenti vote right alloc ownership interest paragraph ia revis present financi statement requir financi statement compli intern account standard compli requir applic standard applic interpret issu stand interpret committe sic interpret expect appli immateri item refer ia consolid financi statement account invest subsidiari reformat ia account invest associ revis ia financi instrument recognit measur revis issu enterpris share warrant share call option debt equiti instrument convert ordinari share similar instrument potenti exercis convert give enterpris vote power reduc parti vote power financi oper polici enterpris potenti vote right issu assess enterpris control significantli influenc enterpris ia ia exist effect potenti vote right consid addit factor ia ia ii fact circumst relat potenti vote right assess proport alloc parent minor interest prepar consolid financi statement ia proport alloc investor account invest associ equiti method ia determin base present ownership interest ownership interest held potenti vote right exercis convert account treatment potenti vote right exercis expir consensu exist effect potenti vote right present exercis present convert consid addit factor ia ia assess enterpris control defin ia significantli influenc defin ia enterpris potenti vote right consid includ potenti vote right held enterpris potenti vote right present exercis present convert exercis convert futur date occurr futur event fact circumst affect potenti vote right consid accord paragraph interpret examin intent manag financi capabl exercis convert fact consid includ term exercis potenti vote right link transact appendix illustr applic interpret proport alloc parent minor interest prepar consolid financi statement ia proport alloc investor account invest equiti method ia determin base sole present ownership interest enterpris substanc present ownership interest sell simultan agre repurchas lose control access econom benefit ownership interest circumst proport alloc determin take account eventu exercis potenti vote right deriv substanc present give access econom benefit ownership interest appendix illustr applic interpret appli consolid equiti method account instrument potenti vote right account part invest subsidiari invest associ proport ownership interest alloc take account eventu exercis potenti vote right accord paragraph interpret circumst instrument potenti vote right account accord ia date consensu august effect date interpret effect annual financi period begin januari account polici account transit requir ia sic time applic iass primari basi account sic evalu substanc transact legal form leas sic consist altern method sic disclosur servic concess arrang sic consist cost formula inventori sic consist cost formula inventori sic time applic iass primari basi account state recognis cumul effect result transit nation gaap ia incom statement allow altern treatment set ia applic time applic ia primari account basi sic time applic iass primari basi account state recognis cumul effect result transit nation gaap ia incom statement allow altern treatment set ia applic time applic ia primari account basi analysi taxabl temporari differ altern analysi accru dividend receiv tax base nil tax rate nil appli result taxabl temporari differ analys defer tax liabil analysi deduct temporari differ altern analysi accru fine penalti payabl tax base nil tax rate nil appli result deduct temporari differ analys defer tax asset paragraph refer quot annual financi statement quot line explicit languag write effect date adopt paragraph refer quot financi statement quot sic properti plant equip compens impair loss item sic evalu substanc transact legal form leas sic oper leas incent sic oper leas incent sic revenu barter transact involv advertis servic sic evalu substanc transact legal form leas sic revenu barter transact involv advertis servic surplu excess fair plan asset present defin benefit oblig paragraph refer quot annual financi statement quot line explicit languag write effect date adopt paragraph refer quot financi statement quot paragraph refer quot annual financi statement quot line explicit languag write effect date adopt paragraph refer quot financi statement quot sic govern assist specif relat oper activ sic introduct euro sic report currenc measur present financi statement ia ia sic report currenc translat measur currenc present currenc sic foreign exchang capitalis loss result sever currenc devalu sic report currenc translat measur currenc present currenc sic busi combin classif acquisit unit interest sic busi combin quot date exchang quot fair equiti instrument sic busi combin subsequ adjust fair valu goodwil initi report sic consist capitalis borrow cost close member famili individu expect influenc influenc person deal enterpris sic consolid special purpos entiti sic consolid equiti method potenti vote right alloc ownership interest sic consolid equiti method potenti vote right alloc ownership interest sic consolid equiti method potenti vote right alloc ownership interest sic consolid equiti method potenti vote right alloc ownership interest sic elimin unrealis profit loss transact associ sic equiti account method recognit loss sic report currenc translat measur currenc present currenc sic jointli control entiti monetari contribut ventur sic earn share financi instrument contract settl share case intang asset goodwil term quot amortis quot gener quot depreci quot term mean ia conting event occur balanc sheet date supersed ia revis event balanc sheet date effect januari sic cost modifi exist softwar interpret quot probabl quot standard quot quot necessarili appli intern account standard ia conting event occur balanc sheet date supersed ia revis event balanc sheet date effect januari sic cost modifi exist softwar ia revis supersed ia revis busi combin effect juli cross refer interpret updat conform ia revis sic report currenc translat measur currenc present currenc