CIRD25050 - Intangible assets excluded from CTA09/PART8: assets outside FRS102 s18: financial assets

CTA09/PART8/S806

This provision excludes 바카라 사이트˜financial assets바카라 사이트™, which are defined as financial assets for accounting purposes. The paragraph goes on to set out a non-exhaustive list of assets to be regarded as financial assets.

FRS102

A financial asset is defined in the FRS102 Glossary as any asset that is:

  • cash;
  • an equity instrument of another entity;
  • a contractual right: (i) to receive cash or another financial asset from another entity, or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or
  • a contract that will or may be settled in the entity바카라 사이트™s own equity instruments and: (i) under which the entity is or may be obliged to receive a variable number of the entity바카라 사이트™s own equity instruments, or (ii) that will or may be settled other than by exchange of a fixed amount of cash or another financial asset for a fixed number of the entity바카라 사이트™s own equity instruments. For this purpose the entity바카라 사이트™s own equity instruments do not include instruments that are themselves contracts for future receipt or delivery of the entity바카라 사이트™s own equity instruments.

FRS105, IAS32, FRS25 and FRS13 contain similar definitions.

Types of financial asset which CTA09/PART8 excludes specifically

The examples of types of asset that are to be regarded as financial assets for the purposes of CTA09/PART8 are:

  • 바카라 사이트˜money debts바카라 사이트™ for the purpose of the loan relationships rules in FA96 (see CTM51105);
  • 바카라 사이트˜qualifying contracts바카라 사이트™ for the purpose of the financial instruments rules in FA94 (see CTM72480);
  • contracts or policies of insurance or capital redemption policies; AND
  • rights under a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 (see S235 of that Act).