natgillin/translations-raw huggingface dataset:
Når en virksomhed genskaber balancen i et sikringsforhold, skal den ajourføre sin analyse af kilderne til sikringsineffektivitet, som forventes at ville påvirke sikringsforholdet i løbetiden (den resterende løbetid) (jf. afsnit B6.4.2).
At a minimum, an entity shall perform the ongoing assessment at each reporting date or upon a significant change in the circumstances affecting the hedge effectiveness requirements, whichever comes first.
Dokumentationen vedrørende sikringsforholdet skal ajourføres i overensstemmelse dermed.
The assessment relates to expectations about hedge effectiveness and is therefore only forward-looking.
Ophør af regnskabsmæssig sikring
Methods for assessing whether the hedge effectiveness requirements are met
Ophør af regnskabsmæssig sikring gælder fremadrettet fra den dato, hvor kriterierne ikke længere er opfyldt.
This Standard does not specify a method for assessing whether a hedging relationship meets the hedge effectiveness requirements.
En virksomhed må ikke afklassificere og dermed bringe et sikringsforhold til ophør, som:
However, an entity shall use a method that captures the relevant characteristics of the hedging relationship including the sources of hedge ineffectiveness.
stadig opfylder formålet med risikostyringen, på grundlag af hvilket det opfyldte kriterierne for regnskabsmæssig sikring (dvs. at virksomheden stadig forfølger dette formål), og
Depending on those factors, the method can be a qualitative or a quantitative assessment.
fortsat opfylder alle andre kriterier (efter hensyntagen til en eventuel genskabelse af balancen i sikringsforholdet, hvis det er relevant).
For example, when the critical terms (such as the nominal amount, maturity and underlying) of the hedging instrument and the hedged item match or are closely aligned, it might be possible for an entity to conclude on the basis of a qualitative assessment of those critical terms that the hedging instrument and the hedged item have values that will generally move in the opposite direction because of the same risk and hence that an economic relationship exists between the hedged item and the hedging instrument (see paragraphs B6.4.4–B6.4.6).
I denne standard sondres der mellem en virksomheds risikostyringsstrategi og risikostyringsformål.
The fact that a derivative is in or out of the money when it is designated as a hedging instrument does not in itself mean that a qualitative assessment is inappropriate.
Risikostyringsstrategien fastlægges på det højeste niveau, hvor en virksomhed beslutter, hvordan den styrer sin risiko.
It depends on the circumstances whether hedge ineffectiveness arising from that fact could have a magnitude that a qualitative assessment would not adequately capture.
Risikostyringsstrategier identificerer normalt de risici, som virksomheden er eksponeret for, og beskriver, hvordan virksomheden håndterer dem.
Conversely, if the critical terms of the hedging instrument and the hedged item are not closely aligned, there is an increased level of uncertainty about the extent of offset.
En risikostyringsstrategi gælder normalt for en længere periode og kan indeholde en vis fleksibilitet til at reagere på ændringer, der finder sted, mens strategien er gældende (f.eks. andre rentesatser eller råvarepriser, som kræver et andet sikringsomfang).
Consequently, the hedge effectiveness during the term of the hedging relationship is more difficult to predict.
Dette er normalt beskrevet i et generelt dokument, som formidles ned gennem en virksomhed i politikker, der indeholder mere specifikke retningslinjer.
In such a situation it might only be possible for an entity to conclude on the basis of a quantitative assessment that an economic relationship exists between the hedged item and the hedging instrument (see paragraphs B6.4.4–B6.4.6).
Derimod gælder risikostyringsformålet for et sikringsforhold for et bestemt sikringsforhold.
In some situations a quantitative assessment might also be needed to assess whether the hedge ratio used for designating the hedging relationship meets the hedge effectiveness requirements (see paragraphs B6.4.9–B6.4.11).
Det beskriver, hvordan netop dette sikringsinstrument, som er blevet klassificeret, bruges til at sikre netop den eksponering, der er blevet klassificeret som den sikrede post.
An entity can use the same or different methods for those two different purposes.
Derfor kan en risikostyringsstrategi omfatte mange forskellige sikringsforhold, hvis risikostyringsformål knytter sig til gennemførelsen af den overordnede risikostyringsstrategi.
If there are changes in circumstances that affect hedge effectiveness, an entity may have to change the method for assessing whether a hedging relationship meets the hedge effectiveness requirements in order to ensure that the relevant characteristics of the hedging relationship, including the sources of hedge ineffectiveness, are still captured.
En virksomhed har en strategi for styring af sin renterisiko på gældsfinansiering, der fastsætter intervaller for sammensætningen af variabelt forrentet og fastforrentet finansiering for virksomheden som helhed.
An entity's risk management is the main source of information to perform the assessment of whether a hedging relationship meets the hedge effectiveness requirements.
Strategien er, at mellem 20 % og 40 % af gælden skal være fastforrentet.
This means that the management information (or analysis) used for decision-making purposes can be used as a basis for assessing whether a hedging relationship meets the hedge effectiveness requirements.
Virksomheden beslutter løbende, hvordan denne strategi skal gennemføres (dvs. hvor i intervallet mellem 20 % og 40 % den skal lægge sig for fastforrentet eksponering), afhængigt af renteniveauet.
An entity's documentation of the hedging relationship includes how it will assess the hedge effectiveness requirements, including the method or methods used.
Hvis renten er lav, lægger virksomheden renten fast for mere af gælden, end når renten er høj.
The documentation of the hedging relationship shall be updated for any changes to the methods (see paragraph B6.4.17).
Virksomhedens gæld er en variabelt forrentet gæld på 100 CU, hvoraf 30 CU swappes til en fastforrentet eksponering.
Accounting for qualifying hedging relationships (Section 6.5)
Virksomheden udnytter den lave rente til at udstede yderligere 50 CU for at finansiere en større investering, hvilket sker ved hjælp af en fastforrentet obligation.
An example of a fair value hedge is a hedge of exposure to changes in the fair value of a fixed-rate debt instrument arising from changes in interest rates.
Som følge af den lave rente beslutter virksomheden at fastsætte sin fastforrentede eksponering til 40 % af den samlede gæld ved at reducere det omfang, hvormed den tidligere sikrede sin variabelt forrentede eksponering, med 20 CU, således at den fastforrentede eksponering er 60 CU.
Such a hedge could be entered into by the issuer or by the holder.
Tilføjelse af nye gældsinstrumenter og ophør af indregningen af gældsinstrumenter ændrer løbende eksponeringen (dvs. at det ikke er det samme som blot at afhænde en position, der udløber).
However, in accordance with paragraph 6.5.4, a hedge of the foreign currency risk of a firm commitment could alternatively be accounted for as a cash flow hedge.
Gældsinstrumenter med en resterende løbetid på 24 måneder klassificeres eksempelvis som den sikrede post for en renterisiko i 24 måneder.
Consequently, the entity determines the value of the hedged item on a present value basis and therefore the change in the value of the hedged item also includes the effect of the time value of money.
Den samme procedure anvendes på andre tidsintervaller eller forfaldsperioder.
To calculate the change in the value of the hedged item for the purpose of measuring hedge ineffectiveness, an entity may use a derivative that would have terms that match the critical terms of the hedged item (this is commonly referred to as a ‘hypothetical derivative’), and, for example for a hedge of a forecast transaction, would be calibrated using the hedged price (or rate) level.
Efter kort tid bringer virksomheden alle, nogle eller en del af de tidligere klassificerede sikringsforhold til ophør for forfaldsperioder og klassificerer nye sikringsforhold for forfaldsperioder på grundlag af deres størrelse og de sikringsinstrumenter, der findes på det pågældende tidspunkt.
For example, if the hedge was for a two-sided risk at the current market level, the hypothetical derivative would represent a hypothetical forward contract that is calibrated to a value of nil at the time of designation of the hedging relationship.
I denne situation afspejler ophør af den regnskabsmæssige sikring, at disse sikringsforhold er oprettet på en sådan måde, at virksomheden ser på et nyt sikringsinstrument og en ny sikret post i stedet for det sikringsinstrument og den sikrede post, der tidligere var klassificeret.
If the hedge was for example for a one-sided risk, the hypothetical derivative would represent the intrinsic value of a hypothetical option that at the time of designation of the hedging relationship is at the money if the hedged price level is the current market level, or out of the money if the hedged price level is above (or, for a hedge of a long position, below) the current market level.
Risikostyringsstrategien forbliver den samme, men ingen af risikostyringsformålene fortsætter for disse tidligere klassificerede sikringsforhold, der som sådan ikke længere eksisterer.
Using a hypothetical derivative is one possible way of calculating the change in the value of the hedged item.
I en sådan situation finder ophør af den regnskabsmæssige sikring anvendelse i det omfang, at risikostyringsformålet er ændret.
The hypothetical derivative replicates the hedged item and hence results in the same outcome as if that change in value was determined by a different approach.
Dette afhænger af en virksomheds situation og kunne f.eks. påvirke alle eller nogle af sikringsforholdene i en forfaldsperiode, eller kun en del af et sikringsforhold.
Hence, using a ‘hypothetical derivative’ is not a method in its own right but a mathematical expedient that can only be used to calculate the value of the hedged item.
En virksomhed har en risikostyringsstrategi, med hvilken den styrer valutarisikoen på forventede salg og de deraf følgende tilgodehavender.
Consequently, a ‘hypothetical derivative’ cannot be used to include features in the value of the hedged item that only exist in the hedging instrument (but not in the hedged item).
I henhold til denne strategi forvalter virksomheden kun valutarisikoen som et bestemt sikringsforhold frem til det tidspunkt, hvor tilgodehavender indregnes.
An example is debt denominated in a foreign currency (irrespective of whether it is fixed-rate or variable-rate debt).
Derefter forvalter virksomheden ikke længere valutarisikoen ved netop det sikringsforhold.
When using a hypothetical derivative to calculate the change in the value of such debt or the present value of the cumulative change in its cash flows, the hypothetical derivative cannot simply impute a charge for exchanging different currencies even though actual derivatives under which different currencies are exchanged might include such a charge (for example, cross-currency interest rate swaps).
I stedet forvalter den valutarisikoen på tilgodehavender, forpligtelser og afledte finansielle instrumenter (som ikke vedrører forventede transaktioner, der stadig ikke er gennemført), som er angivet i samme valuta, sammen.
The change in the value of the hedged item determined using a hypothetical derivative may also be used for the purpose of assessing whether a hedging relationship meets the hedge effectiveness requirements.
Dette fungerer regnskabsmæssigt som en »naturlig« sikring, fordi gevinsterne og tabene på valutarisikoen for alle disse poster straks indregnes i resultatet.
Rebalancing the hedging relationship and changes to the hedge ratio
Hvis sikringsforholdet klassificeres for perioden frem til betalingsdatoen, skal det regnskabsmæssigt bringes til ophør, når tilgodehavendet indregnes, fordi det oprindelige sikringsforholds risikostyringsformål ikke længere finder anvendelse.
Rebalancing refers to the adjustments made to the designated quantities of the hedged item or the hedging instrument of an already existing hedging relationship for the purpose of maintaining a hedge ratio that complies with the hedge effectiveness requirements.
Valutarisikoen styres nu efter samme strategi, men på et andet grundlag.
Changes to designated quantities of a hedged item or of a hedging instrument for a different purpose do not constitute rebalancing for the purpose of this Standard.
Modsat gælder det, at hvis en virksomhed havde et andet risikostyringsformål og styrede valutarisikoen som ét løbende sikringsforhold for netop det forventede salg og det deraf følgende tilgodehavende frem til afregningsdatoen, ville den regnskabsmæssige sikring fortsætte frem til den dato.
Rebalancing is accounted for as a continuation of the hedging relationship in accordance with paragraphs B6.5.9–B6.5.21.
Ophør af regnskabsmæssig sikring kan påvirke:
On rebalancing, the hedge ineffectiveness of the hedging relationship is determined and recognised immediately before adjusting the hedging relationship.
et sikringsforhold i sin helhed eller
Adjusting the hedge ratio allows an entity to respond to changes in the relationship between the hedging instrument and the hedged item that arise from their underlyings or risk variables.
en del af et sikringsforhold (hvilket betyder, at den regnskabsmæssige sikring fortsætter for det resterende sikringsforhold).
For example, a hedging relationship in which the hedging instrument and the hedged item have different but related underlyings changes in response to a change in the relationship between those two underlyings (for example, different but related reference indices, rates or prices).
Et sikringsforhold i sin helhed bringes til ophør, når det ikke længere opfylder kriterierne.
Hence, rebalancing allows the continuation of a hedging relationship in situations in which the relationship between the hedging instrument and the hedged item changes in a way that can be compensated for by adjusting the hedge ratio.
sikringsforholdet opfylder ikke længere formålet med risikostyringen, på grundlag af hvilket det opfyldt kriterierne for regnskabsmæssig sikring (dvs. at virksomheden ikke længere forfølger dette formål),
For example, an entity hedges an exposure to Foreign Currency A using a currency derivative that references Foreign Currency B and Foreign Currencies A and B are pegged (ie their exchange rate is maintained within a band or at an exchange rate set by a central bank or other authority).
sikringsinstrumentet eller -instrumenterne er blevet solgt eller afviklet (for hele den volumen, der indgik i sikringsforholdet), eller
If the exchange rate between Foreign Currency A and Foreign Currency B were changed (ie a new band or rate was set), rebalancing the hedging relationship to reflect the new exchange rate would ensure that the hedging relationship would continue to meet the hedge effectiveness requirement for the hedge ratio in the new circumstances.
der er ikke længere et økonomisk forhold mellem den sikrede post og sikringsinstrumentet, eller virkningen af kreditrisikoen begynder at dominere de værdiændringer, der følger af det økonomiske forhold.
In contrast, if there was a default on the currency derivative, changing the hedge ratio could not ensure that the hedging relationship would continue to meet that hedge effectiveness requirement.
En del af et sikringsforhold bringes til ophør (og den regnskabsmæssige sikring fortsætter for den resterende del), når kun en del af sikringsforholdet ikke længere opfylder kriterierne.
Hence, rebalancing does not facilitate the continuation of a hedging relationship in situations in which the relationship between the hedging instrument and the hedged item changes in a way that cannot be compensated for by adjusting the hedge ratio.
i forbindelse med genskabelse af balancen i sikringsforholdet kan sikringsraten justeres, således at noget af den sikrede posts volumen ikke længere er en del af sikringsforholdet (jf. afsnit B6.5.20), og derfor bringes den regnskabsmæssige sikring kun til ophør for den volumen af den sikrede post, der ikke længere er en del af sikringsforholdet, eller
Not every change in the extent of offset between the changes in the fair value of the hedging instrument and the hedged item's fair value or cash flows constitutes a change in the relationship between the hedging instrument and the hedged item.
hvis noget af den sikrede posts volumen, som er (eller er en komponent af) en forventet transaktion, ikke længere er højst sandsynlig, bringes den regnskabsmæssige sikring kun til ophør for den volumen af den sikrede post, der ikke længere er højst sandsynlig.
An entity analyses the sources of hedge ineffectiveness that it expected to affect the hedging relationship during its term and evaluates whether changes in the extent of offset are:
Hvis en virksomhed tidligere har klassificeret sikringer af forventede transaktioner og efterfølgende vurderet, at de forventede transaktioner ikke længere forventes, drages virksomhedens evne til at forudsige forventede transaktioner korrekt, når den forudsiger lignende forventede transaktioner, i tvivl.
fluctuations around the hedge ratio, which remains valid (ie continues to appropriately reflect the relationship between the hedging instrument and the hedged item); or
Dette påvirker vurderingen af, hvorvidt lignende forventede transaktioner er højst sandsynlige (jf. afsnit 6.3.3), og dermed hvorvidt de opfylder kriterierne for sikrede poster.
an indication that the hedge ratio no longer appropriately reflects the relationship between the hedging instrument and the hedged item.
En virksomhed kan klassificere et nyt sikringsforhold, som omfatter sikringsinstrumentet eller den sikrede post i et tidligere sikringsforhold, for hvilket regnskabsmæssig sikring (helt eller delvist) er bragt til ophør.
An entity performs this evaluation against the hedge effectiveness requirement for the hedge ratio, ie to ensure that the hedging relationship does not reflect an imbalance between the weightings of the hedged item and the hedging instrument that would create hedge ineffectiveness (irrespective of whether recognised or not) that could result in an accounting outcome that would be inconsistent with the purpose of hedge accounting.
Dette er ikke fortsættelse af et sikringsforhold, men genoptagelse.
Hence, this evaluation requires judgement.
Et sikringsinstrument kreditforringes i en sådan grad, at virksomheden erstatter det med et nyt sikringsinstrument.
Fluctuation around a constant hedge ratio (and hence the related hedge ineffectiveness) cannot be reduced by adjusting the hedge ratio in response to each particular outcome.
Det betyder, at det oprindelige sikringsforhold ikke opfyldte risikostyringsformålet og derfor bringes til ophør i sin helhed.
Hence, in such circumstances, the change in the extent of offset is a matter of measuring and recognising hedge ineffectiveness but does not require rebalancing.
Det nye sikringsinstrument klassificeres som sikringen af den samme eksponering, som tidligere blev klassificeret, og skaber et nyt sikringsforhold.
Conversely, if changes in the extent of offset indicate that the fluctuation is around a hedge ratio that is different from the hedge ratio that is currently used for that hedging relationship, or that there is a trend leading away from that hedge ratio, hedge ineffectiveness can be reduced by adjusting the hedge ratio, whereas retaining the hedge ratio would increasingly produce hedge ineffectiveness.
Derfor måles ændringerne i den sikrede posts dagsværdi eller pengestrømme fra og med henvisning til datoen for klassifikation af det nye sikringsforhold i stedet for den dato, hvor det oprindelige sikringsforhold blev klassificeret.
Hence, in such circumstances, an entity must evaluate whether the hedging relationship reflects an imbalance between the weightings of the hedged item and the hedging instrument that would create hedge ineffectiveness (irrespective of whether recognised or not) that could result in an accounting outcome that would be inconsistent with the purpose of hedge accounting.
Et sikringsforhold bringes til ophør før udløb.
If the hedge ratio is adjusted, it also affects the measurement and recognition of hedge ineffectiveness because, on rebalancing, the hedge ineffectiveness of the hedging relationship must be determined and recognised immediately before adjusting the hedging relationship in accordance with paragraph B6.5.8.
Sikringsinstrumentet i sikringsforholdet kan klassificeres som sikringsinstrumentet i et andet sikringsforhold (f.eks. ved justering af sikringsraten i forbindelse med genskabelse af balancen ved at øge sikringsinstrumentets volumen, eller ved klassifikation af et helt nyt sikringsforhold).
Rebalancing means that, for hedge accounting purposes, after the start of a hedging relationship an entity adjusts the quantities of the hedging instrument or the hedged item in response to changes in circumstances that affect the hedge ratio of that hedging relationship.
En option kan betragtes som værende relateret til en tidsperiode, fordi dens tidsmæssige værdi udgør et vederlag for at yde beskyttelse til indehaveren af optionen i en periode.
Typically, that adjustment should reflect adjustments in the quantities of the hedging instrument and the hedged item that it actually uses.
Det relevante for vurderingen af, hvorvidt en option sikrer en transaktion eller en tidsperioderelateret sikret post, er imidlertid karakteristikaene ved den sikrede post, herunder hvordan og hvornår den påvirker resultatet.
However, an entity must adjust the hedge ratio that results from the quantities of the hedged item or the hedging instrument that it actually uses if:
En virksomhed skal derfor vurdere, hvilken type den sikrede post er (jf. afsnit 6.5.15, litra a)), på grundlag af arten af den sikrede post (uanset om sikringsforholdet er en sikring af pengestrømme eller en sikring af dagsværdi):
the hedge ratio that results from changes to the quantities of the hedging instrument or the hedged item that the entity actually uses would reflect an imbalance that would create hedge ineffectiveness that could result in an accounting outcome that would be inconsistent with the purpose of hedge accounting; or
En options tidsmæssige værdi er knyttet til en transaktionsrelateret sikret post, hvis den sikrede post er en transaktion, hvor den tidsmæssige værdi bærer præg af omkostninger ved transaktionen.
an entity would retain quantities of the hedging instrument and the hedged item that it actually uses, resulting in a hedge ratio that, in new circumstances, would reflect an imbalance that would create hedge ineffectiveness that could result in an accounting outcome that would be inconsistent with the purpose of hedge accounting (ie an entity must not create an imbalance by omitting to adjust the hedge ratio).
Et eksempel er, hvis den tidsmæssige værdi af en option er relateret til en sikret post, der resulterer i indregning af en post, hvis første måling omfatter transaktionsomkostninger (f.eks. hvor en virksomhed sikrer et råvarekøb, enten en forventet transaktion eller en fast aftale, mod råvareprisrisikoen og medregner transaktionsomkostningerne i den første måling af varebeholdningerne).
Rebalancing does not apply if the risk management objective for a hedging relationship has changed.
Fordi den tidsmæssige værdi af optionen medregnes i den første måling af den sikrede post, påvirker den tidsmæssige værdi resultatet samtidig som den sikrede post.
Instead, hedge accounting for that hedging relationship shall be discontinued (despite that an entity might designate a new hedging relationship that involves the hedging instrument or hedged item of the previous hedging relationship as described in paragraph B6.5.28).