Assuming a company own some listed shares for long term investment , and designated as available for sale.Generally , increase in fair value of the listed shares will be classified as other comprehensive income(equity), and at the same time debit to the AFS.
what if there is decrease in value of the listed shares, should I recognized it as impairment loss in p/L or ( debit 'revaluation reserve' & credit ' AFS').
Secondly, how about the reversal, no doubt, debit side for the AFS, should I recognize the reversal in p/L or classified it directly in the equity.
Stock no XXXX purchased on 31/12/09 at $50 and soar to $80 at 31/12/10 and slump to $51 at 31/12/11( for the above example)
accounting hkas 39
2011-08-13 7:34 am
回答 (2)
2011-08-22 8:17 am
✔ 最佳答案
Paragraph 55b of HKAS 39 provides that gain or loss on changes in fair value of AFS is recognised in other comprehensive income. Impairment loss, if any, is recognised in profit or loss. In your case, the decline in fair value of listed shares is recognised in other comprehensive income. However, if there is objective evidence that the recoverable amount of the listed shares below its carrying value, such as suspension of listing, delisting, be winding-up, and so on, the excess of carrying amount over the recoverable amount shall be recognised in profit or loss. If there were any cummulative losses recognised in other comprehensive income, the cummulative lossess should be reclassified to profit or loss.
參考: HKAS 39 issued by HKICPA
2011-08-16 6:01 pm
The essence of HKAS 39 is the recognize the unrealized gain/loss of financial assets through P/L and therefore you cannot charge the impairment to reserve.
In scenario 1, the gain/loss will be charged to other comprehensive income if the main business is not investment holdings/trading, the other side will be charged to AFS.
In scenario 2, loss will be charged to other comprehensive expenses and the other side to AFS.
Therefore, in conclusion, the gain in 31/12/10 will be recognized and loss in 31/12/11 will be charged as comprehensive expenses.
For reference only!
In scenario 1, the gain/loss will be charged to other comprehensive income if the main business is not investment holdings/trading, the other side will be charged to AFS.
In scenario 2, loss will be charged to other comprehensive expenses and the other side to AFS.
Therefore, in conclusion, the gain in 31/12/10 will be recognized and loss in 31/12/11 will be charged as comprehensive expenses.
For reference only!
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