measuring qualifying NCIs at acquisition-date fair value,
15.2.4.A
Ch. 7, 5.2.1; Ch. 9, 8.1
plans accounted for as defined contribution plans, Ch. 31,
measuring qualifying NCIs at the proportionate share of
15.2.4.B
the value of net identifiable assets acquired, Ch. 7,
other than plans sharing risks between entities under
5.2.1; Ch. 9, 8.2
common control, Ch. 31, 3.3.1
measuring share-based payment and other components of
Multi-layered fund structures, Ch. 6, 10.2.10
NCIs, Ch. 7, 5.2.1; Ch. 9, 8.4
Multi Period Excess Earnings Method (MEEM), Ch. 9, 5.5.2.F
call and put options over, Ch. 7, 6, 5
Multiple valuation techniques, fair value measurement, Ch. 14,
call and put options, combination, Ch. 7, 6.3
14.1.2
call and put options entered into in relation to existing
vs. single valuation techniques, Ch. 14, 14.1.1
NCIs, Ch. 7, 6.4
call options only, Ch. 7, 6.1
Mutual entities, Ch. 9, 2.1, 7.5
options giving the acquirer present access to returns
Negative compensation, Ch. 44, 6, 4, 4.A
associated with that ownership interest, Ch. 7,
Negative discretionary participation feature, Ch. 51, 6.3.1
6.1.1
Negative intangible assets, Ch. 51, 9.1.1.D
options not giving the acquirer present access to
Net cash-settled forward repurchase, Ch. 48, 4.1.4
returns associated with that ownership interest,
Net defined benefit liability (asset), employee benefits, Ch. 31,
Ch. 7, 6.1.2
8.1
exercisable in cash or shares, Ch. 7, 6.2, 6.5
net interest on, Ch. 31, 10.3.2
put options only, Ch. 7, 6.2
presentation of, Ch. 31, 9
assessing whether multiple transactions should be
accounted for as a single arrangement, Ch. 7, 6.2.4
Net finance costs, Ch. 50, 7.1.1
financial liability for the NCI put, Ch. 7, 6.2.1
Net investment hedges
full recognition of NCI, Ch. 7, 6.2.3.B
combination of derivatives and non-derivatives, Ch. 49, 7.3.4
identifying a linked transaction, Ch. 7, 6.2.4.A
in foreign operations, Ch. 49, 1.5, 5.3, Ch. 50, 4.3.3
NCI put does not provide a present ownership
amount of the hedged item for which a hedging
interest, Ch. 7, 6.2.3
relationship may be designated, Ch. 49, 5.3.2
NCI put provides a present ownership interest, Ch. 7,
nature of the hedged risk, Ch. 49, 5.3.1
6.2.2
where the hedging instrument can be held, Ch. 49, 5.3.3
partial recognition of NCI, Ch. 7, 6.2.3.C
identifying the effective portion, Ch. 49, 7.3.1
put options over NCI, Interpretations Committee and
cross-currency interest rate swaps, Ch. 49, 7.3.3.B
IASB developments, Ch. 7, 6.5
derivatives used as the hedging instrument, Ch. 49, 7.3.3
separate financial statements, Ch 7, 6.6
forward currency contracts, Ch. 49, 7.3.3.A
changes in ownership interest without loss of control (see
individual/separate financial statements, Ch. 49, 7.3.5
‘Consolidation procedures’)
non-derivative liabilities used as the hedging instrument,
classified as financial liabilities, Ch. 7, 5.4
Ch. 49, 7.3.2
definition of NCI, Ch. 7, 5.1
purchased options, Ch. 49, 7.3.3.C
disclosure of interests held by, Ch. 13, 4.2
Index
187
exceptions to retrospective application of other IFRSs, Ch. 5,
Non-financial risk, risk adjustment for, Ch. 52, 8.4
4.8
Non-life insurance, Ch. 51, 1.4.1
future developments, Ch. 7, 7.4, 7.5
Non-market interest rate loans, Ch. 8, 4.4.5.A
financial instruments with characteristics of equity project,
Non-monetary assets
Ch. 7, 7.4
to an associate/a joint venture, contributions of, Ch. 7, 3.3.3,
mandatory purchase of NCIs, Ch. 7, 7.5
7.1; Ch. 11, 7.6.5.B
goodwill impairment testing, Ch. 7, 4.2; Ch. 20, 9
transactions involving, Ch. 8, 4.4.1
acquisitions of NCIs measured at the proportionate
share of
Non-performance risk
net identifiable assets, Ch. 20, 9.1.1
counterparty credit risk and its own credit risk, Ch. 14, 11.3.2
testing for impairment in entities with NCIs, alternative
derivative liabilities, Ch. 14, 11.3.4
allocation methodologies, Ch. 20, 9.3
entity incorporate credit risk into the valuation of its derivative
testing for impairment in entities with NCIs initially
contracts, Ch. 14, 11.3.3
measured at fair value, Ch. 20, 9.2
with third-party credit enhancements, Ch. 14, 11.3.1
testing for impairment in entities with NCIs measured at
Non-recourse loans, Ch. 30, 8.7.2; Ch. 44, 6.5
the proportionate share of net identifiable assets,
Non-vesting conditions, share-based payment, Ch. 30, 3.2
Ch. 20, 9.1
background, Ch. 30, 3.2.1
initial measurement of NCIs in a business combination, Ch. 7,
cash-settled transactions, Ch. 30, 9.3.2.D
3.1.1, 5.2.2
defining non-vesting condition, Ch. 30, 3.2.2
measurement in, Ch. 7, 2.1, 2.2, 5
equity-settled transactions, Ch. 30, 6.4
non-cash acquisition of, Ch. 7, 4.3
option pricing models, treatment of non-vesting condition,
presentation of NCIs, Ch. 7, 5.3
Ch. 30, 8.4.2
reverse acquisitions, business combinations, Ch. 9, 14.4
non-compete agreements, Ch. 30, 3.2.3
subsequent measurement of, Ch. 7, 5.5
Notional decomposition, hedging instruments, Ch. 49, 3.6.2
loss-making subsidiaries, Ch. 7, 5.5.1
Novation of contracts to intermediary counterparties, Ch. 48, 3.4.3
transactions with, IAS 7, Ch. 36, 6.2
Numerator (EPS), Ch. 33, 6.4.2.A
Non-coterminous accounting periods, Ch. 7, 2.5; Ch. 11, 7.7;
Obligating event, Ch. 27, 1.3, 3.1
Ch. 15, 6.4
Observable inputs, Ch. 14, 8.3.2
Non-current assets (and disposal groups) held for
OCI. See Other Comprehensive Income (OCI)
sale/distribution, Ch. 4, 2
classification, Ch. 4, 2.1
Off-balance sheet finance, Ch. 48, 1.1
abandonment, Ch. 4, 2.1.2.C
Off-market loan commitments, Ch. 45, 3.3.3
classification as held for sale or as held for distribution to
Offsetting and hedges, Ch. 50, 7.1.3
owners, Ch. 4, 2.1.2
external instruments, Ch. 49, 3.2.1
concept of a disposal group, Ch. 4, 2.1.1
internal hedging instruments, Ch. 49, 4.2
loss of control of a subsidiary, Ch. 4, 2.1.3.A
foreign exchange risk, Ch. 49, 4.2.2
meaning of available for immediate sale, Ch. 4, 2.1.2.A
interest rate risk, Ch. 49, 4.2.1
meaning of highly probable, Ch. 4, 2.1.2.B
Offsetting financial assets and financial liabilities, Ch. 50, 7.4.1
partial disposal of an associate or joint venture, Ch. 4, 2.1.3.B
cash pooling arrangeme
nts, Ch. 50, 7.4.1.E
partial disposals of operations, Ch. 4, 2.1.3
collateral amounts, Ch. 50, 7.4.1.F
comparative information, Ch. 4, 4
disclosures, Ch. 50, 7.4.2
disclosure requirements, Ch. 4, 5
examples, Ch. 50, 7.4.2.D
discontinued operation, Ch. 4, 3.2
objective, Ch. 50, 7.4.2.A
future developments, Ch. 4, 6
requirements, Ch. 50, 7.4.2.C
measurement, Ch. 4, 2.2
scope, Ch. 50, 7.4.2.B
changes to a plan of sale/distribution, Ch. 4, 2.2.5
enforceable legal right of set-off criterion, Ch. 50, 7.4.1.A
impairments and reversals of impairment, Ch. 4, 2.2.3
master netting agreements, Ch. 50, 7.4.1.B
on initial classification as held for sale, Ch. 4, 2.2.2.A
net settlement criterion, Ch. 50, 7.4.1.C
presentation in the statement of financial position of,
situations where offset is not normally appropriate, Ch. 50,
Ch. 4, 2.2.4
7.4.1.D
scope of the measurement requirements, Ch. 4, 2.2.1
unit of account, Ch. 50, 7.4.1.G
subsequent remeasurement, Ch. 4, 2.2.2.B
Oil and gas sector. See also Extractive industries
property, plant and equipment, Ch. 18, 7.1
disclosures by, Ch. 39, 2.4.1
statement of financial position presentation, Ch. 4, 4.1.2
IFRIC 1 exemption for oil and gas assets at deemed cost,
Non-employees, share-based payment transactions with, Ch. 30,
Ch. 5, 5.13.2
5.4.1
Oil Industry Accounting Committee (OIAC), Statement of
Non-financial assets
Recommended Practice (SORP), Ch. 39, 1.4
financial instruments definition, Ch. 41, 2.2.5
OIS. See Overnight index swaps (OIS)
hedged item, Ch. 49, 2.2.3.A; Ch. 49, 2.2.1
Onerous contracts, Ch. 27, 6.2
non-contractual risk components, Ch 49, 2.2.3.A
onerous leases, Ch. 23, 5.1.5
188 Index
Operating activities, cash flows from, Ch. 36, 4.1
explanation of the measurements used in segment
Operating leaseback (IAS 17), Ch. 23, 7.2
reporting, Ch. 32, 5.5
Operating leases (IAS 17). See also IAS 17
general information about reportable segments,
in the financial statements of lessees, Ch. 23, 5.1
Ch. 32, 5.1
lease incentives–accounting by lessees, Ch. 23, 5.1.4
disclosure of how operating segments are aggregated,
leases that include payments for services, Ch. 23, 5.1.1
Ch. 32, 5.1.1
notional or actual interest paid to lessors, Ch. 23, 5.1.3
measure of segment profit or loss, total assets and total
onerous contracts, Ch. 23, 5.1.5
liabilities, Ch. 32, 5.2
straight-line recognition over the lease term, Ch. 23, 5.1.2
reconciliations, Ch. 32, 5.6
in the financial statements of lessors, Ch. 23, 5.2
restatement of previously reported information,
accounting for assets subject to operating leases, Ch. 23,
Ch. 32, 5.7
5.2.1
changes in organisation structure, Ch. 32, 5.7.1
lease incentives-accounting by lessors, Ch. 23, 5.2.2
changes in segment measures, Ch. 32, 5.7.2
definition of, Ch. 23, 3.2.1
restatement of segments reported in comparative periods,
disclosures of
Ch. 32, 3.2.6
by lessees, Ch. 23, 9.2.2
revenue earning business activities, Ch. 32, 3.1.1
by lessors, Ch. 23, 9.3.2
scope, Ch. 32, 2.2
group of assets leased out under a single operating lease,
consolidated financial statements presented with those of
Ch. 19, 2.10
the parent, Ch. 32, 2.2.2
leases of land – finance/operating lease?, Ch. 23, 3.3
entities providing segment information on a voluntary
leases and investment properties, Ch. 23, 3.3.3
basis, Ch. 32, 2.2.3
measurement and presentation of operating leases over
meaning of ‘traded in a public market,’ Ch. 32, 2.2.1
land, Ch. 23, 3.3.1
single set of operating segments, identifying, Ch. 32, 3
separating land and buildings, Ch. 23, 3.3.2
definition of an operating segment, Ch. 32, 3.1
prepaid and accrued operating lease income, Ch. 19, 6.6
terms used in IFRS 8, Ch. 32, 1.3
property held under an operating lease, Ch. 19, 5.1
transitional provisions, Ch. 32, 1.4
property interests held under, Ch. 19, 2.1
Operational risk, Ch. 50, 5.6.2
termination of, payments made in connection with, Ch. 23,
Option contracts, Ch. 45, 2.1.4
5.3
Option-pricing models. See also Share-based payment transactions
compensation for loss of profits, Ch. 23, 5.3.1
accounting for share-based payment, Ch. 30, 8.4
terms of operating leases, accounting for changes to, Ch. 23,
market-based performance measures and non-vesting
6.1.5
conditions, Ch. 30, 8.4.2.A
transfers of investment property held under, Ch. 19, 9.3
non-market vesting conditions, Ch. 30, 8.4.2.B non-
Operating segments, Ch. 32, 1–7. See also IFRS 8; Reportable
transferability, Ch. 30, 8.4.1
segments
vesting and non-vesting conditions, treatment of, Ch. 30,
aggregation criteria, Ch. 32, 3.2.1
8.4.2
‘chief operating decision maker’ and `segment manager’,
selecting appropriate assumptions for, Ch. 30, 8.5
Ch. 32, 3.1.2
binomial model and other lattice models, Ch. 30, 8.5.4.B
combining small operating segments into a larger reportable
Black-Scholes-Merton formula, Ch. 30, 8.5.4.A
segment, Ch. 32, 3.2.3
exercise and termination behaviour, Ch. 30, 8.5.2
entity-wide disclosures for all entities, Ch. 32, 6
expected dividends, Ch. 30, 8.5.4
information about geographical areas, Ch. 32, 6.2
expected term of the option, Ch. 30, 8.5.1
information about major customers, Ch. 32, 6.3
expected volatility of share price, Ch. 30, 8.5.3
information about products and services, Ch. 32, 6.1
risk-free interest rate, Ch. 30, 8.5.5
equity accounted investment can be an operating segment,
selection of model, Ch. 30, 8.3
Ch. 32, 3.1.5
binomial model, Ch. 30, 8.3.2
identifying externally reportable segments, Ch. 32, 3.2
Black-Scholes-Merton formula, Ch. 30, 8.3.1
measurement, Ch. 32, 4
lattice models-number of time steps, Ch. 30, 8.3.2.A
operating segments which are reportable because of their size,
Monte Carlo Simulation, Ch. 30, 8.3.3
Ch. 32, 3.2.2
Orderly transaction, Ch. 14, 8.2.2
post-implementation review, Ch. 32, 7
Other Comprehensive Income (OCI), Ch. 3, 3.2.1
proposed amendments to IFRS 8 and IAS 34
accounting for loss of control, Ch. 7, 3.5
(ED/2017/2), Ch. 32, 7.1
debt instrument measured at fair value through OCI under
reportable segments, information to be disclosed, Ch. 32, 5
IFRS 9, Ch. 29, 10.4.1
additional disclosures
relating to segment assets,
defined benefit plans, Ch. 29, 10.7; Ch. 31, 9
Ch. 32, 5.4
remeasurements, Ch. 31, 10.4
disclosure of commercially sensitive information,
actuarial gains and losses, Ch. 31, 10.4.1
Ch. 32, 5.8
return on plan assets, excluding amounts included in
disclosure of other elements of revenue, income and
net interest on the net defined benefit liability
expense, Ch. 32, 5.3
(asset), Ch. 31, 10.4.2
Index
189
gains and losses recognised in, Ch. 50, 7.2
deemed disposal, Ch. 7, 3.6
hedges of exposures affecting, Ch. 49, 2.6.3
demergers and distributions of non-cash assets to owners,
insurance contracts, allocating finance income or expenses on,
Ch. 7.3.7; Ch. 8, 2.4.2. See also IFRIC 17
Ch. 52, 15.3
interest retained in the former subsidiary, Ch. 7, 3.3
non-derivative equity investments designation at, Ch. 44, 8
interest retained in the former subsidiary–financial asset,
reattribution of, changes in ownership interest without a loss
Ch. 7, 3.3.1
of control, Ch. 7, 4.1
interest retained in the former subsidiary-associate or joint
tax on items of, Ch. 3, 3.2.4.C
venture, Ch. 7, 3.3.2, 7.1
Outside temporary differences, deferred tax recognition, Ch. 29,
interest retained in the former subsidiary–joint operation,
7.5
Ch. 7, 3.3.3, 7.2
anticipated intragroup dividends in future periods, Ch. 29,
loss of control in multiple arrangements Ch. 7, 3.4
7.5.4
other comprehensive income, Ch. 7, 3.5
consolidated financial statements of receiving entity,
acquisition of an interest in a joint venture, Ch. 12, 8.2.1
Ch. 29, 7.5.4.A
control over a former joint venture, Ch. 12, 8.3.2
separate financial statements of paying entity, Ch. 29, 7.5.4.B
disposal of interest in a joint venture, Ch. 12, 8.2.6
calculation of, Ch. 29, 7.5.1
former subsidiary becomes a joint venture, Ch. 7, 3.3.2,
consolidated financial statements, Ch. 29, 7.5.1.A
7.1; Ch. 12, 8.3.3
separate financial statements, Ch. 29, 7.5.1.B
interest in a joint venture held for sale, Ch. 12, 8.2.7
deductible temporary differences, Ch. 29, 7.5.3
joint venture becomes a financial asset (or vice versa),
other overseas income taxed only on remittance, Ch. 29,
Ch. 12, 8.2.5
7.5.6
joint venture becomes an associate (or vice versa), Ch. 12,
taxable temporary differences, Ch. 29, 7.5.2
8.2.4
unpaid intragroup interest, royalties, management charges etc.,
International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards Page 996
