Calculation of deferred tax depending on method of realisation of asset A building, which is fully tax-deductible, originally cost €1…
Applying IFRIC 15 to commercial real estate An entity buys a plot of land for the construction of commercial real…
Dual-based asset As part of a business combination an entity purchases an opencast mine to which there is assigned a…
Recognising revenue when assets are transferred for services An entity enters into an agreement with a customer involving the outsourcing…
BHP Billiton Plc (2005) 1 Accounting policies [extract] The amount of deferred tax recognised is based on the expected manner…
Awards supplied by a third party A retailer of electrical goods participates in a customer loyalty programme operated by an…
Convertible bond deductible if settled An entity issues a convertible bond for €1 million. After three years, the holders can…
Rationale for initial recognition exception An entity acquires an asset for €1,000 which it intends to use for five years…
Non-deductible PP& An entity paying tax at 35% acquires a building for €1 million. Any accounting depreciation of the building…
Inception of loan with tax-deductible issue costs A borrowing entity paying tax at 30% records a loan at £9.5 million,…