termination benefits, Ch. 35, 2.6.5
Reimbursement rights, Ch. 41, 3.10
transactions requiring disclosure, Ch. 35, 2.7.1
Reinsurance assets
Relative subordination, Ch. 43, 4.5.5, 4.6.4.B
definition, Ch. 51, 2.2.1
preference shares, Ch. 43, 4.5.5
impairments of, Ch. 51, 7.2.5; Ch. 52, 10.3
of puttable instrument, Ch. 43, 4.6.4.B
Reinsurance contract, Ch. 51, 2.2.1, 2.2.2, 3.7.2, 7.2.4; Ch. 52,
Relevant activities, investee
2.2, 2.3, 8.9
management of defaults on assets, Ch. 6, 4.1.4
Reinsurance contracts held, Ch. 52, 10
more than one relevant activity, Ch. 6, 4.1.1
aggregation level, Ch. 52, 10.1
no relevant activities, Ch. 6, 4.1.2
allocation of the CSM to profit or loss, Ch. 52, 10.4.1
single asset, single lessee vehicles, Ch. 6, 4.1.3
boundary of, Ch. 52, 10.2
Renegotiations of lease contracts, accounting for (IAS 17),
measurement - initial recognition, Ch. 52, 10.3
Ch. 23, 6.1
premium allocation approach for, Ch. 52, 10.7
changes to the terms of operating leases, Ch. 23, 6.1.5
subsequent measurement, Ch. 52, 10.4
determining whether there is a different classification, Ch. 23,
and the variable fee approach, Ch. 52, 10.8
6.1.1
Reinsurance contracts issued, Ch. 52, 8.9
finance lease modifications, Ch. 23, 6.1.3
boundary of, Ch. 52, 8.9.1
reclassified leases, accounting for, Ch. 23, 6.1.2
determining the quantity of benefits for identifying coverage
tax and interest variation clauses, Ch. 23, 6.1.4
units, Ch. 52, 8.9.2
Renewable energy certificates (RECs), Ch. 17, 11.3
issued adverse loss development covers, Ch. 52, 8.9.2
Rental assets transferred to inventory, Ch. 22, 2.3.1.E
Reinsurer, Ch. 51, 2.2.1
Rental income, Ch. 19, 6.6.1. See also IFRS 16/IFRS 17
Reissuing (dual dating) financial statements, Ch. 34, 2.1.1.A
Rental rebates (IAS 17), Ch. 23, 3.2.2.B
Related party disclosures, Ch. 35. See also IAS 24
Replacement share-based payment awards, Ch. 30, 7.4.4, 11. See
compensation, defined, Ch. 35, 2.6.1
also Equity-settled share-based payment transactions
disclosure
in a business combination, Ch. 7, 5.2.1; Ch. 9, 7.2; Ch. 30, 11
of controlling relationships, Ch. 35, 2.4
accounted for under IFRS 3, Ch. 30, 11.2
expense incurred with management entity, Ch. 35, 2.8
accounting for changes in vesting assumptions after the
with government-related entities, Ch. 35, 2.9
acquisition date, Ch. 30, 11.2.3
key management personnel compensation, Ch. 35, 2.6
acquiree awards the acquirer is not ‘obliged’ to replace,
other related party transactions, including commitments,
Ch. 30, 11.2.2
Ch. 35, 2.7
awards that the acquirer is ‘obliged’ to replace, Ch. 30,
transactions, Ch. 35, 2.5
11.2.1
identification of a related party and related party transactions,
acquiree award not replaced by acquirer, Ch. 30, 11.3
Ch. 35, 2.2
background, Ch. 30, 11.1
entities that are associates/joint ventures,
financial statements of the acquired entity, Ch. 30, 11.4
Ch. 35, 2.2.3
designation of award as, Ch. 30, 7.4.4.A
196 Index
Replacement share-based payment awards —contd
Restatement
incremental fair value of, Ch. 30, 7.4.4.B
hyperinflation, Ch. 16, 8
replacement of vested awards, Ch. 30, 7.4.4.C
of prior periods, impracticability of, Ch. 3, 4.7
tax deductions for, Ch. 29, 12.2
for change in accounting policy, Ch. 3, 4.7.1
on termination of employment, Ch. 30, 7.5
for a material error, Ch. 3, 4.7.2
Reportable segments. See also IFRS 8; Operating segments
Restatement of goodwill on first-time adoption, Ch. 5, 5.2.5
externally reportable segments, identifying, Ch. 32, 3.2
derecognition of negative goodwill, Ch. 5, 5.2.5.B
aggregation criteria, Ch. 32, 3.2.1
previously deducted from equity, Ch. 5, 5.2.5.C
‘all other segments,’ Ch. 32, 3.2.4
prohibition of other adjustments of goodwill, Ch. 5, 5.2.5.A
combining small operating segments into a larger
Restructuring of derivatives, hedging instruments, Ch. 49, 3.6.3
reportable segment, Ch. 32, 3.2.3
Restructuring provisions, Ch. 27, 6.1; Ch. 37, 4.3.3
‘practical limit’ for the number of reported operating
costs that can (and cannot) be included in, Ch. 27, 6.1.4
segments, Ch. 32, 3.2.5
definition, Ch. 27, 6.1.1
restatement of segments reported in comparative periods,
recognition of, Ch. 27, 6.1.2
Ch. 32, 3.2.6
recognition of obligations arising from the sale of an
quantitative thresholds, operating segments which are
operation, Ch. 27, 6.1.3
reportable because of their size, Ch. 32, 3.2.2
Retrospective application, first-time adoption
information to be disclosed about, Ch. 32, 5
departures from, Ch. 5, 3.5
commercially sensitive information, Ch. 32, 5.8
exceptions to, Ch. 5, 4
general information, Ch. 32, 5.1
estimates, Ch. 5, 4.2
explanation of measurements used in segment reporting,
financial assets and liabilities, derecognition of, Ch. 5, 4.3
Ch. 32, 5.5
other elements of revenue, income and expense,
Returns of capital, Ch. 8, 2.4.1.C
Ch. 32, 5.3
Revaluation model
reconciliations, Ch. 32, 5.6
assets held under finance leases, Ch. 18, 6.5
restatement of previously reported information,
downward valuations, reversals of, Ch. 18, 6.3
Ch. 32, 5.7
fair value before the adoption of IFRS 13, Ch. 18, 6.1.1.A
organisation structure, changes in, Ch. 32, 5.7.1
first-time adopter, Ch. 5, 7.4.3
segment measures, changes in, Ch. 32, 5.7.2
for intangible assets measurement, Ch. 17, 8.2
segment profit or loss, measure of, Ch. 32, 5.2
accounting for revaluations, Ch. 17, 8.2.3
total assets and total liabilities, measure of, Ch. 32, 5.2
frequency of revaluations, Ch. 17, 8.2.2
Repurchase agreements (‘repos’)
revaluation is only allowed if there is an active market,
derecognition criteria, securities lending, Ch. 48, 4.1
Ch. 17, 8.2.1
agreement to repurchase at fair value, Ch. 48, 4.1.5
meaning of fair value, Ch. 18, 6.1
agreements to return the same asset, Ch. 48, 4.1.1
policy of revaluation, adopting, Ch. 18, 6.4
agreements with right of substitution, Ch. 48, 4.1.3
revalued assets, disclosures for, Ch. 18, 8.2
agreements with right to return the same or substantially
revaluing assets under IFRS 13, Ch. 18, 6.1.1
the same asset, Ch. 48, 4.1.2
cost approach, Ch. 18, 6.1.1.C
net cash-settled forward repurchase, Ch. 48, 4.1.4
highest and
best use, Ch. 18, 6.1.1.A
right of first refusal to repurchase at fair value, Ch. 48,
income approach, Ch. 18, 6.1.1.B
4.1.6
market approach, Ch. 18, 6.1.1.B
wash sale, Ch. 48, 4.1.7
valuation approaches, Ch. 18, 6.1.1.B
inventory, Ch. 22, 2.3.1.F
valuation surpluses and deficits, accounting for, Ch. 18, 6.2
revenue from contracts with customers (IFRS 15)
Revenue from contracts with customers. See IFRS 15
forward/call option held by the entity, Ch. 28, 8.4.1
Revenue recognition, Ch. 28, 1–12. See also IFRS 15; IFRS 17
put option held by the customer, Ch. 28, 8.4.2
and agency relationships, Ch. 28, 5.4
sales with residual value guarantees, Ch. 28, 8.4.3
disclosure, Ch. 28, 11
sale and leaseback transactions, Ch. 23, 7.3
extractive industries, Ch. 39, 12
Reserves and resources. See also Extractive industries
exchanges of inventories, Ch. 39, 12.3
definitions, Ch. 39, 1.3.1
forward-selling contracts to finance development, Ch. 39,
disclosure, Ch. 39, 2.4
12.5
mining sector, Ch. 39, 2.4.2
accounting by the investor, Ch. 39, 12.5.2
oil and gas sector, Ch. 39, 2.4.1
accounting by the producer, Ch. 39, 12.5.1
standardised measure of oil and gas, Ch. 39, 2.4.3.A
impact of IFRS 15, Ch. 39, 7
value of reserves, Ch. 39, 2.4.3
overlift and underlift (oil and gas), Ch. 39, 12.4
reporting, Ch. 39, 2.1–2.3
entitlements method, Ch. 39, 12.4.2
Residual values
facility imbalances, Ch. 39, 12.4.4
definition, Ch. 23, 3.4.6
sales method, Ch. 39, 12.4.1
finance lease accounting, Ch. 23, 4.2.3
settlement, Ch. 39, 12.4.3
property, plant and equipment, Ch. 18, 5.2
revenue in the development phase, Ch. 39, 12.1
incidental revenue, Ch. 39, 12.1.1
Index
197
integral to development, Ch. 39, 12.1.2
Seasonal businesses, Ch. 37, 8.2
future developments, Ch. 39, 12.1.2.A
costs incurred, Ch. 37, 8.2.2
sale of product with delayed shipment, Ch. 39, 12.2
revenues received, Ch. 37, 8.2.1
trading activities, Ch. 39, 12.6
Seasonality or cyclicality of operations, Ch. 37, 4.3.14
insurance revenue, Ch. 52, 15.1
Securities and Exchange Board of India (SEBI), Ch. 1, 4.4.3
Reversal of impairment losses, Ch. 20, 11
Securities and Exchange Commission (SEC), US, Ch. 1, 3.2
Reverse acquisitions, Ch. 9, 14
first-time adoption by foreign private issuers, Ch. 5, 8.1
cash consideration, Ch. 9, 14.6
Securities lending, Ch. 48, 4.1
earnings per share, Ch. 9, 14.5
Securitisations, Ch. 48, 3.6
measuring goodwill, Ch. 9, 14.2
‘business model’ assessment, Ch. 44, 5.6
measuring the consideration transferred, Ch. 9, 14.1
‘empty’ subsidiaries or SPEs, Ch. 48, 3.6.6
non-controlling interest, Ch. 9, 14.4
group of assets transfer, Ch. 48, 3.6.5
preparation and presentation of consolidated financial
insurance protection, Ch. 48, 3.6.3
statements, Ch. 9, 14.3
recourse to originator, Ch. 48, 3.6.1
reverse acquisitions and acquirers that are not legal entities,
short-term loan facilities, Ch. 48, 3.6.2
Ch. 9, 14.9
treatment of collection, Ch. 48, 3.6.4
reverse acquisitions involving a non-trading shell company,
vehicles, Ch. 13, 2.2.1.B
Ch. 9, 14.8
share-based payments, Ch. 9, 14.7
Segment cash flow disclosures, Ch. 36, 5.6.2
Rights issue, Ch. 33, 4.3.3
Segment manager, Ch. 32, 3.1.2
Risk, concentrations of, Ch. 50, 5.6.1; Ch. 51, 11.2.4
Self insurance, Ch. 27, 6.13; Ch. 51, 3.2.2.A; Ch. 52, 3.2.2.A
Risk management objective, hedge accounting, Ch. 49, 6.2
Self-built assets, Ch. 18, 4.1.5
Risk management strategy, Ch. 49, 6.2; Ch. 50, 4.3.1
Separability criterion
intangible assets, Ch. 9, 5.5.2; Ch. 17, 5.1.3.B
Risk service contracts, Ch. 39, 5.5.1
Separate and individual financial statements, Ch. 8, 1
Risk-sharing arrangements, extractive industries, Ch. 39, 6
consolidated financial statements and, Ch. 8, 1.1
asset swaps, Ch. 39, 6.3
associates and joint ventures, separate financial statements
carried interests, Ch. 39, 6.1
and interests in, Ch. 8, 1.1.1
E&E assets, Ch. 39, 6.3.1
joint operation, separate financial statements and interests
exchanges of E&E assets for other types of assets, Ch. 39,
in, Ch. 8, 1.1.2
6.3.3
publishing without consolidated financial statements or
farm-ins and farm-outs, Ch. 39, 6.2
financial statements in which investments in associates
PP&E, intangible assets and investment property, Ch. 39, 6.3.2
or joint ventures are equity accounted, Ch. 8, 1.1.3
Rollover hedging strategy, Ch. 49, 7.7
disclosure, Ch. 8, 3
Royalties
entities incorporated in EU and consolidated and separate
extractive industries, Ch. 39, 5.7, 12.7.5, 12.7.7.B
financial statements, Ch. 8, 1.2
Russia, IFRS adoption in, Ch. 1, 4.2.2
prepared by an entity other than a parent electing not to
Russian Accounting Principles (RAP), Ch. 1, 4.2.2
prepare consolidated financial statements, Ch. 8, 1.2
Sale and leaseback transactions, Ch. 23, 7; Ch. 24, 8–8.4
entities with no subsidiaries but exempt from applying IAS
determining whether the transfer of an asset is a sale, Ch. 24,
28, Ch. 8, 3.3.1
8.1
prepared by parent electing not to prepare consolidated
disclosures, Ch. 24, 8.4
financial statements, Ch. 8, 3.1
finance leaseback, Ch. 23, 7.1
put and call options in separate financial statements, Ch. 7, 6.5
operating leaseback, Ch. 23, 7.2
Separate financial statements, Ch. 8, 1–3; Ch. 13, 2.2.3.B. See
repurchase agreements and options, Ch. 23, 7.3
also Separate and individual financial statements; Individual
transactions in which the transfer of an asset is a sale, Ch. 24,
financial statements
8.2
disclosure, Ch. 8, 3
accounting for the leaseback, Ch. 24, 8.2.2
requirements of, Ch. 8, 2
accounting for the sale, Ch. 24, 8.2.1
cost method, Ch. 8, 2.1
adjustment for off-market terms, Ch. 24, 8.2.3
cost of investment, Ch. 8, 2.1.1
transactions in which the transfer of an asset is not a sale,
cost of investment in subsidiary, associate or joint
Ch. 24, 8.3
venture acquired in stages, Ch. 8, 2.1.1.C
Sale of goods
deemed cost on transition to IFRS, Ch. 8, 2.1.2
sale and repurchase agreements, Ch. 28, 8.4
formation of a new parent, Ch. 8, 2.1.1.D
formation of a new parent: calculating the cost and
Sale of a mineral interest and a contract to provide ext
raction
measuring equity, Ch. 8, 2.1.1.E
services, Ch. 39, 12.7.10.A
investments acquired for own shares or other equity
Sales method, oil and gas sector, Ch. 39, 12.4.1
instruments, Ch. 8, 2.1.1.A
Sales taxes, presentation of, Ch. 28, 6.1
investments acquired in common control transactions,
SARs. See Share appreciation rights
Ch. 8, 2.1.1.B
198 Index
Separate financial statements —contd
Service condition, share-based payment, Ch. 30, 3.1
requirements of —contd
Service cost, defined benefit pension plans, Ch. 31, 10.1
dividends and other distributions, Ch. 8, 2.4
current service cost, Ch. 31, 10.1
carrying amount of investment exceeds the
past service cost, Ch. 31, 10.1.1
consolidated net assets, Ch. 8, 2.4.1.B
settlements, Ch. 31, 10.1.2
distributions of non-cash assets to owners (IFRIC 17),
Service-type warranties, Ch. 28, 10.1.2
Ch. 8, 2.4.2
Set-off, enforceable legal right of, financial assets and liabilities,
recognition, measurement and presentation, Ch. 8,
Ch. 50, 7.4.1.A
2.4.2.B
scope, Ch. 8, 2.4.2.A
Settlement date accounting, Ch. 45, 2.2.4; Ch. 47, 7.3.2
dividend exceeds the total comprehensive income,
exchange of non-cash financial assets, Ch. 45, 2.2.5.A
Ch. 8, 2.4.1.A
regular way purchase, Ch. 45, 2.2.5
dividends from subsidiaries, joint ventures or
regular way sale, Ch. 45, 2.2.5
associates, Ch. 8, 2.4.1
Shadow accounting, insurance contracts, Ch. 51, 7.2.2.D, 8.3
returns of capital, Ch. 8, 2.4.1.C
Share appreciation rights (SARs), Ch. 30, 8.7.3, 9.1
equity method, Ch. 8, 2.3
Share-based payment arrangement, Ch. 30, 2.2.1
IFRS 9 method, Ch. 8, 2.2
Share-based payment transactions, Ch. 30, 2.2.1. See also Cash-
Service concession arrangements (SCA), Ch. 26, 1–6. See also
settled share-based payment transactions; Equity-settled share-
IFRIC 12
based payment transactions; IFRS 2; Vesting, share-based
additional construction and upgrade services, Ch. 26, 5.1
payment
that comprise a new infrastructure asset, Ch. 26, 5.1.2
allocation of expense for equity-settled transactions, overview,
that are part of the initial infrastructure asset, Ch. 26, 5.1.1
Ch. 30, 6.1
bifurcation, Ch. 26, 4.5
awards exchanged for awards held by acquiree’s employees,
cash flows for, Ch. 36, 4.4.6
Ch. 9, 11.2.2
consideration for services provided, Ch. 26, 4.1
International GAAP® 2019: Generally Accepted Accounting Practice under International Financial Reporting Standards Page 999
