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The tax teams at Grant Thornton aim to provide the Channel Islands with a premier tax advisory service both to private clients and the business community including the investment management industry.
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We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to...
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Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
We supply a wide range of services to under-performing businesses and their stakeholders. We focus on identifying and resolving issues affecting profitability,...
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Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
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Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
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We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
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For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
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Heightened financial distress, globalisation (where companies play a pivotal role on the world stage) and increased regulation has led to an increase in the...
For most companies, the responsibility to comply with the twists and turns of financial reporting obligations is an ever increasing, and sometimes dizzying...
Grant Thornton Regulatory Consulting team provides assistance at all stages to financial services businesses.
Regulatory interventions, an everchanging business environment with increased complex challenges, have a significant impact on business risk.
IFRS Special Edition
IASB Postponement of changes to IFRS 10 & IAS 28
01 Dec 2015The IASB has postponed the effective date of its 2014 Amendments 'Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to IFRS 10 and IAS 28’. A new effective date has not yet been determined. Despite this change, the 2014 Amendments may still be adopted early if entities wish to do so.
Background
‘Sale or Contribution of Assets between an Investor and its Associate or Joint Venture – Amendments to IFRS 10 and IAS 28’ was issued in 2014 and addressed an acknowledged inconsistency between IFRS 10 and IAS 28 relating to how to account for transactions in which a parent entity loses control of a subsidiary by contributing it to an associate or joint venture.
The 2014 Amendments required entities to recognise:
- A full gain or loss when a transfer to an associate or a joint venture involves a business; and
- A partial gain or loss if the asset transferred does not contain a business. The gain or loss that is not recognised is eliminated against the cost of the investment in the associate or joint venture.
Also appears under...