ifrs structured entity


ifrs structured entity

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IFRS 12 does not apply to: Post-employment benefit plans or other long-term employee benefit plans to which IAS 19 Employee Benefits applies. IFRS 12 does If the disclosures required by this IFRS 12, together with disclosures required by other IFRSs, do not meet the above-mentioned objective, an entity shall disclose whatever additional information is necessary to meet that objective. iii. Accounting by an investment entity IFRS 10 requires an entity that is a parent to present consolidated financial statements. If your entity is Control over CMBS issuer Structured entity is a case on the assessment whether certain stakeholders in a transaction/structure have obtained control over a certain entity in the transaction in line with the requirements of IFRS 10 Consolidated financial statements.. Refer to Appendix 1 for a checklist to assist with IFRS 12 disclosure requirements. Whether an investor should treat a portion of an investee as a deemed separate entity (‘silo’ analysis). IFRS 10 – Control of a structured entity by an operating lease Date recorded: 11 Nov 2014 The Senior Technical Manager introduced the agenda paper concerning a structured entity that was created to lease a single asset to a single lessee. An example is when voting rights relate only to administrative tasks and the [IFRS 12 para B21]. Para- B21– A structured entity is an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only. entity For the purpose of this IFRS, income from a structured entity includes, but is not limited to, recurring and non-recurring fees, interest, dividends, gains or losses on the remeasurement or derecognition of interests in • arangement joint ar structured through a separate legal entity? Structured entity - An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only Income from a In addition, IFRS 10 provides an exemption from consolidation for an entity that meets the definition of an “investment entity” (such as certain investment or mutual funds). IFRS 12 , paras 24, 29-31, B25-B26, certain disclosures regarding unconsolidated structured entities IFRS 10, Investment entity accounting policy Investment entity, IFRS 12 para 9A, significant judgements and estimates, policies De facto agent analysis. (iii) structured entities that are not controlled by the entity (unconsolidated structured entities) (paragraphs 24–31). Consider factors in IFRS 10.B18-B20 (illustration 6). SCOPE IFRS 12: IFRS 12 shall be applied by an entity that has an interest in ANY of the following: • Subsidiaries • Joint arrangements (joint operations or joint ventures) • Associates • Unconsolidated structured entities. Commitments to ensure that the structured entity operates in the way designed. DEFINITIONS Income from a structured entity entity A structured entity is defined in IFRS 12 as “[a]n entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by … Financial instruments - classification and measurement (IFRS 9) Financial instruments - objectives, definitions and scope (IAS 39, IFRS 9, IAS 32, IFRS 7) Financial instruments - classification of financial instruments under IAS structured entity. January 2013 Time for Transition: IFRS 11 Joint arrangements Will IFRS 11 affect your business? Do you have: • a jointly controlled entity? BC6 In developing IFRS 12, the Board considered the responses to its exposure drafts, ED 9 Joint Arrangemen a tns d ED 10 Consolidated Financial Statements . IFRS 12 Disclosure of Interests in Other Entities sets out the disclosure requirements for entities that have an interest in a subsidiary, a joint arrangement, an associate or an unconsolidated structured entity. entity or its unconsolidated subsidiaries to provide support to a structured entity including events and circumstances that could expose the entity to a loss. (iii) structured entities that are not controlled by the entity (unconsolidated structured entities). IFRS 10 together with the other standards in the ‘consolidation package’ (see section 1.3) is effective for annual periods beginning on or after 1 January 2013, with earlier application being permitted provided that all five of the new standards are Unconsolidated structured entities. and structured finance: IFRS 10 (Consolidated Financial Statements) introduces new rules which will impact which party, if any, consolidates a special purpose entity (SPE) created as part of a structured finance transaction. The standard was published in May 2011 and is effective from 1 January 2013. unconsolidated structured entity. [IFRS 10 App B, , ; ]. This publication describes the The amendment provides a limited scope exception to parents that are 'investment entities'. (b) A narrow and well-defined objective. The requirement in IFRS 12 is more Transitional provisions 14 … A structured entity often has some or all of the following features or attributes: (a) Restricted activities. 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