In IAS32, we need to split the convertible bonds into liability and then equity.
When the bonds is converted to shares at the end, the liability and the equity will be Debited in order to eliminate it, while adding a new Share Capital, correct?
BUT, if the share is not converted, but was REDEEM for cash, we only need to remove the liability and Credit a Cash amount. So, what to do for the REMAINING EQUITY PORTION?