• СТОУС-ын Практик Хэрэглээ

СТОУС-ын Практик Хэрэглээ

"СТОУС-ын Практик Хэрэглээ" цуврал товхимлыг СТОУС-ын үндсэн заалтуудын практик хэрэглээ болон салбарын онцлогт тохирсон заавар гэх мэт практик мэдээллээр хангах зорилгоор гаргадаг.


2018

Applying IFRS 9 to Related Company Loans in the Real Estate Sector

IFRS 9 Financial Instruments makes no distinction between unrelated third party and related party transactions. Entities that prepare stand-alone financial statements are required to apply the full provisions of the standard to all transactions within its scope. This means related company loan receivables must be classified and measured in accordance with the requirements of IFRS 9, including where relevant, applying the Expected Credit Loss (ECL) model for impairment.

The purpose of this publication is to illustrate the application of IFRS 9 to a number of common intragroup funding structures that a typical real estate group might have in place.

In Section 1, we consider five common funding structures for an investment property group.

In Section 2, we consider a typical funding structure for a property development group, such as a house-builder.


Applying IFRS 9 to Related Company Loans

IFRS 9 Financial Instruments makes no distinction between unrelated third party and related party transactions. This means related company loan receivables must be classified and measured in accordance with the requirements of IFRS 9, including where relevant, applying the Expected Credit Loss (ECL) model for impairment.

Applying IFRS 9 to related company loans can present a number of application challenges as they are often advanced on terms that are not arms-length or sometimes advanced on an informal basis without any terms at all. In addition, they can contain features that expose the lender to risks that are not consistent with a basic lending arrangement. This publication sets out a summary of the key requirements of IFRS 9 (focusing on those that are likely to be most relevant to related company loans) and uses examples to illustrate how these requirements could be applied in practice.


СТОУС 9 Санхүүгийн Хэрэглүүр

БДО-ын энэхүү СТОУС-ын Практик Хэрэглээ товхимолд СТОУС 9-ийн гол ойлголтуудын хэрэглээний тухай мэдээлэл, жишээ багтсан. СТОУС 9 (2014)-ийг Нягтлан Бодох Бүртгэлийн Олон Улсын Стандартын Зөвлөл (НББОУСЗ)-өөс НББОУС 39 Санхүүгийн Хэрэглүүр: Хүлээн Зөвшөөрөлт ба Хэмжилт стандартыг орлох зорилгоор боловсруулсан гаргасан. НББОУСЗ-өөс 2014 оны 7 сард санхүүгийн хэрэглүүрийн гурван үе шатуудын шаардлагуудыг багтаасан СТОУС 9-ийг эцэслэн гаргасан. Үүнд:

• Ангилал ба хэмжилт,

• Үнэ цэнийн бууралт, ба

• Хейджийн нягтлан бодох бүртгэл.

НББОУСЗ-ийн төслийг анх АНУ-ын Санхүүгийн Нягтлан Бодох Бүртгэлийн Стандартын Зөвлөлтэй (СНББСЗ) хамтран хийж байсан. Гэвч СНББСЗ-өөс санхүүгийн хэрэглүүрийн ангилал ба хэмжилтэд бага хэмжээний өөрчлөлт оруулж, АНУ-ын нөхцөлд тохирсон санхүүгийн хөрөнгийн үнэ цэнийн бууралтын загвар боловсруулахаар шийдсэн байна.


IFRS 16 Leases

 

In January 2016 the IASB published IFRS 16 Leases, which is effective for accounting periods beginning on or after 1 January 2019.  Early adoption is permitted, but only if IFRS 15 Revenue from Contracts with Customers has also been adopted.  IFRS 16 brings significant changes in accounting requirements for lease accounting, primarily for lessees, resulting in lease liabilities and right-of-use assets being recognised on balance sheet for lease contracts currently classified as operating leases. Entities applying IFRS will also need to pay careful attention to whether wider service contracts contain lease components.  IFRS 16 has been developed to replace the existing suite of standards and interpretations on leases, notably IAS 17.

This BDO IFRS In practice details the requirements of IFRS 16 and includes numerous practical examples.


IFRS 15 Revenue from Contracts with Customers

On 28 May 2014, the IASB published IFRS 15 Revenue from Contracts with Customers. IFRS 15 sets out a single and comprehensive framework for revenue recognition  and, for many entities, the timing and profile of revenue recognition will change.

This version of IFRS in Practice updates the version we published in December 2016 to include some additional examples and also includes an Appendix providing example disclosures for a fictitious company.