No provision without a past obligating event The government introduces a number of changes to the income tax system. As…
When the recognition of a provision gives rise to an asset An entity operates an offshore oilfield where its licensing…
Calculation of expected value An entity sells goods with a warranty under which customers are covered for the cost of…
Calculation of a risk-adjusted rate A company has a provision for which the expected value of the cash outflow in…
Grant associated with investment property The government provides a grant to an entity that owns an investment property. The grant…
Use of discounting and tax effect It is estimated that the settlement of an environmental provision will give rise to…
Greencore Group plc (2010) Group Statement of Accounting Policies year ended 24 September 2010 [extract] Government Grants Government grants for…
Effect on future profits of choosing a real or nominal discount rate A provision is required to be set up…
AB InBev NV (2010) 3. Summary of significant accounting policies [extract] (X) Income recognition [extract] Government grants A government grant…
Effect on future profits of choosing a risk-free or risk-adjusted rate A company is required to make a provision for…