IFRS 9 – FINANCIAL INSTRUMENTS (Phần 2)

IFRS 9 – FINANCIAL INSTRUMENTS

(Phần 2)

IFRS 9

3. Transaction cost:
Transaction cost là các khoản chi phí liên quan đến issue financial liability, ví dụ chi phí tư vấn để issue a bond. Accounting treatment cho transaction cost of financial liability sẽ phụ thuộc vào PP ghi nhận financial liability:
- If Amortized cost: transaction cost is deducted from the cost of financial liability initially.
- If FVTPL: transaction cost is recognized immediately as expense in P/L
4. Convertible bond:
Convertible bond là 1 loại compound instrument. Người nắm giữ loại bond này khi đáo hạn có thể lựa chọn nhận cash or chuyển đổi sang share.
 Accounting treatment: Bản thân convertible bond bao gồm 2 thành phần: equity component và liability component. Firstly, các bạn phải separate 2 components. Secondly, các bạn hạch toán tách biệt cho 2 bộ phần, liability component theo PP amortized cost và equity component giữ nguyên giá trị đến lúc đáo hạn.
Các bạn cùng sẽ case study mẫu sau:
Rathbone Co issues 2,000 convertible bonds at the start of 20X2. The bonds have a three year term, and are issued at par with a face value of $1,000 per bond, giving total proceeds of $2,000,000. Interest is payable annually in arrears at a nominal annual interest rate of 6%. Each bond is convertible at any time up to maturity into 250 ordinary shares.
When the bonds are issued, the prevailing market interest rate for similar debt without conversion options is 9%.
Required: What is the value of the equity component in the bond?
Answer:

Extract from SOFP for the year 1
Non-current liability:	1,894,453
Equity:	151,878

Extract from P/L for the year 1
Interest expense	166,331

Working 1: Seperation between liability component and equity component

Year	Present value of future payment
1	2,000,000 x 0.06 /1.09
2	2,000,000 x 0.06 /1.09^2
3	(2,000,000 x 0.06+2,000,000) /1.09^3
Total:	1,848,122

Total amount:	2,000,000
Liability component:	1,848,122
Equity component:	151,878

W2: Financial liability

Year	O/B	Interest expense (eff rate: 9%)	Payments 6%	C/B
1	1,848,122	166,331	(120,000)	1,894,453
2	1,894,453	170,500	(120,000)	1,944,953
3	1,944,953	175,045	(120,000)	2,000,000

Cám ơn các bạn đã theo dõi bài viết của mình, hy vọng nhận được sự góp ý từ các bạn.
ST17,

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