Short Term Leases Deloitte

A guide to AASB 16 - Deloitte.

The International Accounting Standards Board issued IFRS 16 Leases (the new Standard) in January 2016. The new Standard introduces a new model requiring lessees to recognise all leases on balance sheet, except for short-term leases and leases of low value assets. These changes were issued by the Australian Accounting Standards Board in February.

https://www2.deloitte.com/content/dam/Deloitte/au/Documents/audit/deloitte-au-audit-aasb-16-guide-220916.pdf.

Lease modifications extending the lease term - Deloitte.

The application of IFRS 16.C10(c) is tantamount to treating the leases as short-term leases from the DIA. Accordingly, Entity B applies the guidance in IFRS 16.5-8 to such leases. In accordance with IFRS 16.7(a), when a short-term lease is modified, the lease is considered to be a new lease on the effective date of the modification..

https://www2.deloitte.com/content/dam/Deloitte/ch/Documents/audit/deloitte-ch-en-audit-lease-modifications-extending-the-lease-term.pdf.

South Africa: Ten things to know - insurance regulation in ... - Mondaq.

Feb 26, 2013 . The current minimum capital requirements are ZAR10 million for a long-term insurer/reinsurer and ZAR5 million for short-term insurer/reinsurer. But see 6 below. The capital requirements may increase depending on the five year projections of the insurer. Intermediaries require capital that renders the company solvent and liquid. 6 Risk based capital.

https://www.mondaq.com/southafrica/insurance-laws-and-products/222724/ten-things-to-know--insurance-regulation-in-south-africa.

IAS 24 — Related Party Disclosures.

Apr 01, 2015 . IAS 24 requires disclosures about transactions and outstanding balances with an entity's related parties. The standard defines various classes of entities and people as related parties and sets out the disclosures required in respect of those parties, including the compensation of key management personnel. IAS 24 was reissued in November 2009 and ....

https://www.iasplus.com/en-gb/standards/ias/ias24.

IFRS 13 — Fair Value Measurement - IAS Plus.

May 26, 2017 . IFRS 13 applies to IFRSs that require or permit fair value measurements or disclosures and provides a single IFRS framework for measuring fair value and requires disclosures about fair value measurement. The Standard defines fair value on the basis of an 'exit price' notion and uses a 'fair value hierarchy', which results in a market-based, rather than entity ....

https://www.iasplus.com/en/standards/ifrs/ifrs13.