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IFRS 15 - Revenue
IFRS 15 - Revenue
P/L 25,440 Revenue recorded only if sales is certain Shares alloted for goods/services given
SP at time of transfer is 100,000
C. Asset 90,000 C. Asset 90,000 C. Asset 100,000 Bank 10,000 Bank 10,000 Bank 10,000
Revenue 90,000 Revenue 90,000 Revenue 10,000 Revenue 9,000 Revenue 9,000 Revenue 10,000
Ref. Liab 1,000 Ref. Liab 1,000
R2R-Asset 8,000 R2R-Asset 8,000 COS 80,000 COS 80,000
COS 72,000 COS 72,000 Inv 80,000 R2R-Asset 800 R2R-Asset 800 Inv 80,000
Inv 80,000 Inv 80,000 COS 7,200 COS 7,200
A/R 100,000 Inv 8,000 Inv 8,000 Inv 800
A/R 90,000 A/R 90,000 C. Asset 100,000 COS 800
C. Asset 90,000 C. Asset 90,000 Inv 1,600 Ref. Liab 1,000
Bak 80,000 R2R-Asset 800 Revenue 1,000 Revenue 1,000
Bank 100,000 Bak 80,000 Revenue 20,000 COS 800 Bank 1,000
A/R 90,000 Revenue 10,000 A/R 100,000 COS 800
Revenue 10,000 A/R 90,000 Ref. Liab 1,000 R2R-Asset 800
Inv 20,000 Revenue 1,000
R2R-Asset 8,000
RIGHT TO REPURCHASE
Obligation / Right to Repurchase (no sale) Obligation to Repurchase at customer's request
Ex: Sold for Rs. 1,000,000 with Ex: Sold for Rs. 1,000,000 with Ex: Sold for Rs. 1,000,000 with Ex: Sold for Rs. 1,000,000 with Ex: Sold for Rs. 1,000,000 with
right/obligation to repurchase at right/obligation to repurchase at Repurchase at 1,200,000 when FV will Repurchase at 800,000 when FV will Repurchase at 800,000 when FV will be
1,200,000 when FV will be Rs. 800,000 when FV will be Rs. 1,500,000. be Rs. 1,100,000. Rate 10% be Rs. 600,000. Rate 10% Rs. 900,000. Rate 10%
1,500,000. Rate 10% Rate 10%.
Useful life 5 years to be repurchased Useful life 5 years to be repurchased Useful life 5 years to be repurchased Useful life 5 years to be repurchased Useful life 5 years to be repurchased
after 3 years. after 3 years after 3 years after 3 years after 3 years
(diff of 200k is interest) (diff of 200k is interest)
Bank 1,000,000 RoU-A 1,000,000 Bank 1,000,000 RoU-A 1,000,000 RoU-A 1,000,000
Liabilty 1,000,000 Asset (CA) 1,000,000 Liabilty 1,000,000 Asset (CA) 1,000,000 Asset (CA) 800,000
P/L 200,000
Int. Exp 100,000 Bank 100,000 Int. Exp 100,000 Bank 100,000
Liabilty 100,000 L. Liability 100,000 Liabilty 100,000 L. Liability 100,000 Right/Obligation
RP=>SP = IFRS 9
Dep 200,000 Dep 200,000 Dep 200,000 Dep 200,000
All Dep 200,000 All Dep 200,000 All Dep 200,000 All Dep 200,000 RP<SP = IFRS 16
Int. Exp 100,000 Int. Exp 100,000 Int. Exp 100,000 Int. Exp 100,000
Liability 100,000 L. Liability 100,000 Liability 100,000 L. Liability 100,000 Obligation if customer demands
RP=>SP = IFRS 9
Dep 200,000 Dep 200,000 Dep 200,000 Dep 200,000
All Dep 200,000 All Dep 200,000 All Dep 200,000 All Dep 200,000 RP < SP + RP > FV @ Rep. date = IFRS 16
- Customer will sell for higher than MV
Int. Exp 100,000 Int. Exp 100,000 Int. Exp 100,000 Int. Exp 100,000
Liability 100,000 L. Liability 100,000 Liability 100,000 L. Liability 100,000 RP < SP + RP < FV @ Rep. date = IFRS 15
- IT IS A SALE
Dep 200,000 Dep 200,000 Dep 200,000 Dep 200,000 - Customer won’t sell for lower than MV
All Dep 66,667 All Dep 66,667 All Dep 66,667 All Dep 66,667
Profit FTY 0
Revenue 3.6
Cash -3
Prov -1.1
-0.5
40 40
55 31.42857 55 31.42857
50 28.57143 50 28.57143
145 100 105 60
20X8
A/R 10
Int. Inc 10
20X9
A/R 11
Int. Inc 11
EX-20 EX-22
A 40 40
15 800,000 12,000,000 B 55 55 33
8 400,000 3,200,000 C 45 45 27
100,000 12 1,200,000 D 15 - 45
16,400,000 100 100
EX-23
15 583,333 8,750,000 6,662,069
8 266,667 2,133,333 1,624,276 A 40 40
100,000 12 1,200,000 913,655 B 55 55 33
12,083,333 9,200,000 C 45 45 27
D 15 - 45
100 100
1.333333333 533333.3333
266666.6667
583333.3333
X-22 EX-34
40 Rev 39 11
33 Cost 26 16
27 13 -5
30
130
X-23
40
33
27
5
105
EX-51
Revenue 689
A/R 689
Bank 3 Revenue
Revenue 3 3.5 3.32 3.32
0.3 0.28 0.09
3.8 3.6 3.41
Prodcut 3 2.85
D. Voucher 0.16 0.15
3.16 3.00 Bank 3.6
Revenue 3.41
Bank 3 C. Lia 0.19
Revenu 2.85
C. Lia 0.15
Bank 3.6
C. Lia 0.15 Reve 1.2
Revenue 0.15 C. Lia 2.4