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IND EX 8.2.12 – Presentation of interest income
Publication date: 05 Feb 2024
ca Applying IFRS for the real estate industry - 2023 edition
The information reviewed by the CODM only presents the interest received from their swap, since the entity presents the interest payments on the borrowings, and the interest received and paid from the swap, net.
Analysis
Even though the standard requires an entity to report interest income separately from interest expense for each reportable segment, in the above scenario the interest expense should be presented net. This is because the CODM relies primarily on the net interest expense to assess the interest rate cash flow risk. The entity should reconcile the net interest expense to the figures presented in the primary financial statements.
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