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IAS 21 - Coggle Diagram

- - - - Date when Gs are loaded onto ship/vehicle
      - seller: transport to port & loading cost
      - buyer: marine freight, insurance, unloading
        & transport cost
    - - Date when Gs loaded onto ship/vehicle (generally)
      - buyer bears CIF: when Gs are loaded onto the ship/vehicle
      - seller bears CIF: when local customs dept accepts Gs
      - always inspect contract Ts&Cs for risk + reward transfer
- - - - exchange diffs go to OCI
      - Forex diffs for Foreign FAs @ disposal:
        
        don't reclassify to P/L
        
        Transfer rather within Equity
    - - 3 requirements:
        
        intragroup loan or other monetary item
        
        denominated in foreign currency &
        
        final settlement isn't expected
      - forex diff -> P/L
        
        separate or individual FS
      - forex diff -> OCI
        
        consolidated FS
      - Loan in ZAR
        
        UK Co = forex diff in P/L
        
        Group lvl = reallocate to OCI
        
        SA Co = no forex diff
      - Loan in GBP
        
        SA Co = forex diff in P/L
        
        UK Co = no forex diff
        
        Group lvl = reallocate to OCI
      - Loan not in ZAR or GBP
        
        SA Co = translate to ZAR in separate FS
        
        UK Co = translate to GBV
        in individual FS
        
        UK Co translate to ZAR presentation currency