IFRS 9

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May 17, 2018 at 12:22 pm #452427
Saimon
Participant
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Sir
Does issue of bonus share fall within the scope of ifrs 9

If it fall within ifrs 9 can you explain me how and its treatment?
May 21, 2018 at 7:15 pm #453185
P2-D2
Keymaster
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Hi,

A bonus issue of shares will just CR Share capital and DR Share premium, with the issue being at the par value of the shares.

It would fall under IFRS 9 as the issuing entity would have equity in its books and the other entity an investment in shares.

Thanks
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