Ownership interests, changes in, Ch. 7, 3
Ch. 29, 7.5.5
accounting for a loss of control, Ch. 7, 3.2, 6.1
Outsourcing, service concession arrangements (SCAs), Ch. 26,
acquisition of a subsidiary that is not a business, Ch. 7, 3.1.1
2.3.1
deemed disposal, Ch. 7, 3.2.4
Outstanding ordinary shares, changes in, Ch. 33, 4
interest retained in former subsidiary, Ch. 7, 3.2.1
adjustments to EPS in historical summaries, Ch. 33, 4.7
multiple arrangements, loss of control in, Ch. 7, 3.2.2
issue to acquire another business, Ch. 33, 4.6
non-cash assets to owners, Ch. 7, 3.4
acquisitions, Ch. 33, 4.6.1
without a loss of control, Ch. 7, 3.3
establishment of a new parent undertaking, Ch. 33, 4.6.3
goodwill attributable to non-controlling interests, Ch. 7,
reverse acquisitions, Ch. 33, 4.6.2
3.3.2
new parent undertaking, establishment of, Ch. 33, 4.6.3
contingent consideration on purchase of a noncontrolling
options exercised during the year, Ch. 33, 4.4
interest Ch. 7, 4.5.
ordinary shares without corresponding changes in resources,
Partial disposals. See also Ownership interests, changes in
changes in, Ch. 33, 4.3
of an associate or joint venture, Ch. 4, 2.1.3.B; Ch. 11, 7.12.4
B share schemes, Ch. 33, 4.3.4
of foreign operation, Ch. 15, 6.6.2.
bonus issue, Ch. 33, 4.3.1.A
of interests in associate/joint venture, Ch. 11, 7.12.4
capitalisation, Ch. 33, 4.3.1.A
of operations, Ch. 4, 2.1.3
put warrants priced above market value, Ch. 33, 4.3.5
of property, plant and equipment, Ch. 18, 7.3
rights issue, Ch. 33, 4.3.3
Partial term hedging, Ch. 49, 2.2.4
share consolidation, Ch. 33, 4.3.1.C
Parts (components) approach, assets, accounting for, Ch. 18, 3.2
share consolidation with a special dividend, Ch. 33, 4.3.2
Past service cost, employee benefits, Ch. 31, 10.2.1
share consolidations, Ch. 33, 4.3.1.C
Payables, Ch. 45, 2.1.1
share split, Ch. 33, 4.3.1.A
stock dividends, Ch. 33, 4.3.1.B
Pension, Ch. 31, 3. See also Defined benefit plans; Defined
post balance sheet changes in capital, Ch. 33, 4.5
contribution plans; IAS 19; IFRIC 14
purchase and redemption of own shares, Ch. 33, 4.2
defined benefit plans, Ch. 31, 3.1, 5
weighted average number of shares, Ch. 33, 4.1
funding payments contingent on future events within the
control of the entity, Ch. 31, 8.2.5
Overlift and underlift (oil and gas), Ch. 39, 12.4
insured benefits, Ch. 31, 3.2
Overnight index swap (OIS), Ch. 49, 7.4.4.C
Performance condition, share-based payment, Ch. 30, 3.1, 6.2, 6.3
Over-the-counter (OTC) derivatives
Performance obligation, IFRS 15, Ch. 28, 2.4
categorisation, Ch. 14, 16.2.4
Performance target, share-based payment, Ch. 30, 3.1, 5.3.3
Own equity instruments, Ch. 49, 3.4
Perpetual debt, Ch. 43, 4.7; Ch. 46, 3.5
Own use contracts, Ch. 49, 12.2
Perpetual instruments with a ‘step-up’ clause, Ch. 43, 4.5.4
Owner-occupied property, Ch. 19, 2.4
Persistency risk, insurance contracts, Ch. 51, 3.7.1
Ownership changes in a joint venture, Ch. 12, 8.2
accounting for a loss of control, Ch. 7, 3.2, 3,3, 3,4, 3.5, 3.6,
Petroleum reserve estimation and reporting, Ch. 39, 2.2
3.7, 7.1, 7.2
basic principles and definitions, Ch. 39, 2.2.1
classification and categorisation guidelines, Ch. 39, 2.2.2
190 Index
Phantom options, share-based payment, Ch. 30, 9.1
determining whether sponsoring (designing) a structured
Physical capital maintenance (framework), Ch. 2, 11.2
entity gives power, Ch. 6, 4.6
Piecemeal acquisition of an associate/joint venture, Ch. 11, 7.4.2
existing rights, Ch. 6, 4.2
cost-based approach, Ch. 11, 7.4.2.A
management of defaults on assets, Ch. 6, 4.1.4
existing associate that becomes a joint venture, or vice versa,
more than one relevant activity, Ch. 6, 4.1.1
Ch. 11, 7.4.2.C
no relevant activities, Ch. 6, 4.1.2
fair value (IFRS 3) approach, Ch. 11, 7.4.2.A
relevant activities, Ch. 6, 4.1
financial instrument becoming an associate/joint venture,
single asset, single lessee vehicles, Ch. 6, 4.1.3
Ch. 11, 7.4.2.A
voting rights, Ch. 6, 4.3
step increase in an existing associate/joint venture without a
PP&E. See Property, Plant and Equipment
change in status of the investee, Ch. 11, 7.4.2.B
Pre-existing relationships, business combination, Ch. 9, 11.1
Plan assets, employee benefits, Ch. 31, 6
assessing part of exchange for the acquiree, Ch. 9, 11
contributions to defined benefit funds, Ch. 31, 6.5
contingent payments, arrangements for, Ch. 9, 11.2.1
definition of, Ch. 31, 6.1
effective settlement of, Ch. 9, 11.1
longevity swaps, Ch. 31, 6.6
reimbursement for paying acquirer’s acquisition-related costs,
measurement of, Ch. 31, 6.2
Ch. 9, 11.3
qualifying insurance policies, Ch. 31, 6.3
remuneration for future services, Ch. 9, 11.2
reimbursement rights, Ch. 31, 6.4
restructuring plans, Ch. 9, 11.4
Plan liabilities, employee benefits, Ch. 31, 7
share-based payment awards, Ch. 9, 7.2
actuarial assumptions, Ch. 31, 7.5
Preference dividends (EPS), Ch. 33, 5.2
actuarial methodology, Ch. 31, 7.3
Preference shares, Ch. 43, 4.5
attributing benefit to years of service, Ch. 31, 7.4
‘change of control,’ ‘taxation change’ and ‘regulatory change’
contributions by employees and third parties, Ch. 31, 7.2
clauses, Ch. 43, 4.5.8
discount rate, Ch. 31, 7.6
economic compulsion, Ch. 43, 4.5.6
frequency of valuations, Ch. 31, 7.7
instruments redeemable
legal and constructive obligations, Ch. 31, 7.1
with a ‘dividend blocker,’ Ch. 43, 4.5.3.A
Policy administration and maintenance costs (insurance
with a ‘dividend pusher,’ Ch. 43, 4.5.3.B
contracts), Ch. 52, 8.2.1.H
mandatorily or at the holder’s option, Ch. 43, 4.5.1
Policyholder, Ch. 51, 2.2.1
only at the issuer’s option or not redeemable, Ch. 43, 4.5.2
adverse effect on, Ch. 51, 3.7
‘linked’ instruments, Ch. 43, 4.5.7
insurance of non-insurance risks, Ch. 51, 3.7.2
perpetual instruments with a ‘step-up’ clause, Ch. 43, 4.5.4
lapse, persistency and expense risk, Ch. 51, 3.7.1
relative subordination, Ch. 43, 4.5.5
of direct insurance contracts, Ch. 51, 2.2.3.F
Premium allocation approach, insurance contracts, Ch. 52, 9
Policyholder loans, Ch. 51, 7.2.6.F; Ch. 52, 8.11.2
accounting policies adopted for contracts applying, Ch. 52,
16.1.4
Pooling of interests method, Ch. 10, 3.1
aggregation for contracts applying, Ch
. 52, 5.1
Post-employment benefits, Ch. 31, 3. See also Pension
allocating insurance finance income/expenses for incurred
defined benefit plans, Ch. 31, 3.1
claims when applying, Ch. 52, 15.3.2
defined contribution plans, Ch. 31, 3.1
criteria for use of, Ch. 52, 9.1
disclosure of key management personnel compensation,
derecognition contracts, Ch. 52, 12.3.4
Ch. 35, 2.6.3
initial measurement, Ch. 52, 9.2
insured benefits, Ch. 31, 3.2
insurance revenue under, Ch. 52, 15.1.2
multi-employer plans, Ch. 31, 3.3
reconciliations required for contracts applying, Ch. 52, 16.1.2
related parties, Ch. 35, 2.2.6
for reinsurance contracts held, Ch. 52, 10.5
state plans, Ch. 31, 3.4
subsequent measurement
Post-tax cash flows, VIU calculation using, Ch. 20, 7.2.3
liability for incurred claims, Ch. 52, 9.4
Power and returns, principal-agency situations, Ch. 6, 6
liability for remaining coverage, Ch. 52, 9.3
application examples in IFRS 10, Ch. 6, 6.6–6.7
Premium cash flows, Ch. 52, 8.2.1.A
available replacements, Ch. 6, 6.3.1.A
Prepaid and accrued operating lease income, Ch. 19, 6.6
decision-making, scope of, Ch. 6, 6.2
Prepayment, negative compensation, Ch. 44, 6.4.4.A
delegated power: principals and agents, Ch. 6, 6.1
exercise period, Ch. 6, 6.3.1.B
Present value of future profits (PVFP), Ch. 51, 9.1
exposure to variability of returns from other interests,
Present value of in-force business (PVIF), Ch. 51, 9.1
Ch. 6, 6.5
Presentation and disclosure, financial instruments, Ch. 50, 1–9
liquidation rights and redemption rights, Ch. 6, 6.3.2
disclosures, structuring, Ch. 50, 3
remuneration, Ch. 6, 6.4
classes of financial instrument, Ch. 50, 3.3
rights held by other parties, Ch. 6, 6.3
level of detail, Ch. 50, 3.1
Power over an investee, Ch. 6, 4. See also Existing rights, investee;
materiality, Ch. 50, 3.2
Voting rights, investee
effective date and transitional provisions, Ch. 50, 8
contractual arrangements, Ch. 6, 4.4
future developments, Ch. 50, 9
Index
191
interim reports, Ch. 50, 2.3
offsetting collateral amounts, Ch. 50, 7.4.1.F
nature and extent of risks arising from financial instruments,
offsetting financial assets and financial liabilities,
Ch. 50, 5
Ch. 50, 7.4.1
qualitative disclosures, Ch. 50, 5.1
offsetting financial assets and financial liabilities:
quantitative disclosures, Ch. 50, 5.2
disclosure, Ch. 50, 7.4.2
‘basic’ sensitivity analysis, Ch. 50, 5.5.1
scope, Ch. 50, 7.4.2.B
capital disclosures, Ch. 50, 5.6.3
situations where offset is not normally appropriate,
cash flows, Ch. 50, 5.4.2
Ch. 50, 7.4.1.D
concentrations of risk, Ch. 50, 5.6.1
unit of account, Ch. 50, 7.4.1.G
credit risk, Ch. 50, 5.3
significance of financial instruments for an entity’s financial
credit risk exposure, Ch. 50, 5.3.4
position/performance, Ch. 50, 3.3
credit risk management practices, Ch. 50, 5.3.2
accounting policies, Ch. 50, 4.1
illustrative disclosures, Ch. 50, 5.3.6
business combinations, Ch. 50, 4.6
information provided to key management, Ch. 50,
acquired receivables, Ch. 50, 4.6.1
5.4.1
contingent consideration and indemnification assets,
liquidity risk, Ch. 50, 5.4
Ch. 50, 4.6.2
management of associated liquidity risk, Ch. 50, 5.4.3
fair values, Ch. 50, 4.5
market risk, Ch. 50, 5.5
day 1 profits, Ch. 50, 4.5.2
maturity analyses, Ch. 50, 5.4.2
general disclosure requirements, Ch. 50, 4.5.1
operational risk, Ch. 50, 5.6.2
hedge accounting, Ch. 50, 4.3
puttable financial instruments classified as equity,
amount, timing and uncertainty of future cash flows,
Ch. 50, 5.4.4
Ch. 50, 4.3.2
quantitative and qualitative information about
effects of hedge accounting on financial position and
amounts arising from expected credit losses,
performance, Ch. 50, 4.3.3
Ch. 50, 5.3.3
option to designate a credit exposure as measured at
scope and objectives, Ch. 50, 5.3.1
fair value through profit/loss, Ch. 50, 4.3.4
time bands, Ch. 50, 5.4.2.A
risk management strategy, Ch. 50, 4.3.1
value-at-risk and similar analyses, Ch. 50, 5.5.2
income, expenses, gains and losses, Ch. 50, 4.2
presentation on the face of the financial statements and related
fee income and expense, Ch. 50, 4.2.3
disclosures, Ch. 50, 7
gains and losses by measurement category, Ch. 50,
gains and losses recognised in other comprehensive
4.2.1
income, Ch. 50, 7.2
interest income and expense, Ch. 50, 4.2.2
gains and losses recognised in profit/loss embedded
statement of financial position, Ch. 50, 4.4
derivatives, Ch. 50, 7.1.4
categories of financial assets and financial liabilities,
entities whose share capital is not equity, Ch. 50, 7.1.4
Ch. 50, 4.4.1
further analysis of gains and losses recognised in
collateral, Ch. 50, 4.4.6
profit/loss, Ch. 50, 7.1.2
compound financial instruments with multiple embedded
offsetting and hedges, Ch. 50, 7.1.3
derivatives, Ch. 50, 4.4.7
presentation on the face of the statement of
defaults and breaches of loans payable, Ch. 50, 4.4.8
comprehensive income (or income statement),
financial assets designated as measured at fair value
Ch. 50, 7.1.1
through profit/loss, Ch. 50, 4.4.3
statement of cash flows, Ch. 50, 7.5
financial liabilities designated at fair value through
statement of changes in equity, Ch. 50, 7.3
profit/loss, Ch. 50, 4.4.2
statement of financial position, Ch. 50, 7.4
interests in associates and joint ventures accounted for in
assets and liabilities, Ch. 50, 7.4.3
accordance with IFRS 9, Ch. 50, 4.4.9
convertible loans, Ch. 50, 7.4.4.B
investments in equity instruments designated at fair value
current and non-current assets and liabilities,
through other comprehensive income (IFRS 9),
distinction between, Ch. 50, 7.4.4
Ch. 50, 4.4.4
debt with refinancing or roll over agreements, Ch. 50,
reclassification, Ch. 50, 4.4.5
7.4.4.D
transfers of financial assets, Ch. 50, 6
derivatives, Ch. 50, 7.4.4.A
meaning of ‘transfer,’ Ch. 50, 6.1
disclosure requirements, Ch. 50, 7.4.2.C
transferred financial assets that are derecognised in their
enforceable legal right of set-off, Ch. 50, 7.4.1.A
entirety, Ch. 50, 6.3
entities whose share capital is no
t equity, Ch. 50, 7.4.6
disclosure requirements, Ch. 50, 6.3.2
equity, Ch. 50, 7.4.5
meaning of continuing involvement, Ch. 50, 6.3.1
intention to settle net, Ch. 50, 7.4.1.C
transferred financial assets that are not derecognised in
loan covenants, Ch. 50, 7.4.4.E
their entirety, Ch. 50, 6.2
long-term loans with repayment on demand terms,
transitional provisions, Ch. 50, 8
Ch. 50, 7.4.4.C
Presentation currency. See also IAS 21
master netting agreements, Ch. 50, 7.4.1.B
change of, Ch. 15, 7
objective, Ch. 50, 7.4.2.A
use other than the functional currency, Ch. 15, 6.
192 Index
Presentation currency —contd
liquidation rights, Ch. 6, 6.3.2
use other than the functional currency —contd
redemption rights, Ch. 6, 6.3.2
average rate calculation, Ch. 15, 6.1.4
remuneration, Ch. 6, 6.4
disposal of a foreign operation, Ch. 15, 6.6
rights held by other parties, Ch. 6, 6.3.
step-by-step and direct methods of consolidation,
scope of decision-making, Ch. 6, 6.2
Ch. 7, 2.3; Ch. 15, 6.6.3
Principal market, Ch. 14, 6
exchange differences on intragroup balances, Ch. 15, 6.3
entity-specific volume, Ch. 14, 6.1.2
monetary items included as part of the net investment
market-based volume and activity, Ch. 14, 6.1.2
in a foreign operation, Ch. 15, 6.3.1
most advantageous market, Ch. 14, 6.2
becoming part of the net investment in a foreign
Prior period errors
operation, Ch. 15, 6.3.5
correction of, Ch. 3, 4.6
ceasing to be part of the net investment in a foreign
disclosure of, Ch. 3, 5.3
operation, Ch. 15, 6.3.6
Probability-weighted outcome, Ch. 47, 5.6
currency of monetary item, Ch. 15, 6.3.2
dividends, Ch. 15, 6.3.7
Production sharing contracts (PSCs), Ch. 39, 5.3; Ch. 39, 12.7.4
net investment in a foreign operation, Ch. 15, 6.3.5
Property, plant and equipment (PP&E), Ch. 18, 1–8. See also
transacted by other members of the group, Ch. 15,
IAS 16; Investment property
6.3.4
administration and other general overheads, Ch. 18, 4.1.3
treatment in individual financial statements, Ch. 15,
borrowing costs, Ch. 18, 4.1.2
6.3.3
decommissioning and restoration costs, Ch. 18, 4.3
unrealised profits on intragroup transactions, Ch. 15,
deferred payment, Ch. 18, 4.1.6
6.3.8
definitions, Ch. 18, 2.2
foreign operations where sub-groups exist, accounting for,
International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards Page 997
