Document ID: chunk:federal_register_of_legislation:F2024L00708:body:0:p41
Version: federal_register_of_legislation:F2024L00708
Segment Type: other
Provision Reference: 
Character Range: 110819–113645

(b) dividends;
(c) rental income;
(d) depreciation;
(e) impairment losses and reversals of impairment losses;
(f) fair value gains and losses; and
(g) income and expenses from the derecognition of the asset, or its classification and remeasurement as held for sale (see paragraphs B60–B64).

Assets that do not generate a return individually and largely independently of the entity's other resources
B48 Assets that an entity uses in combination to produce or supply goods or services do not generate a return individually and largely independently of the entity's other resources. Such assets typically include:
(a) property, plant and equipment;
(b) assets that arise from the production or supply of goods and services for which the income and expenses are classified in the operating category (for example, receivables for such goods and services); and
(c) if the entity provides financing to customers as a main business activity, any loans to a customer.
B49 Income and expenses from the assets described in paragraph B48 are classified in the operating category – for example:
(a) revenue for goods or services produced or supplied by the entity using a combination of assets;
(b) interest income;
(c) depreciation and amortisation;
(d) impairment losses and reversals of impairment losses;
(e) income and expenses from the derecognition of the asset, or its classification and remeasurement as held for sale (see paragraphs B60–B64); and
(f) income and expenses arising on a business combination that includes assets that will give rise to income and expenses that will be classified in the operating category, such as a gain on a bargain purchase and remeasurements of contingent consideration.

Financing

Liabilities arising from transactions that involve only the raising of finance
B50 Paragraph 59(a) requires an entity to identify liabilities that arise from transactions that involve only the raising of finance. In such transactions, an entity:
(a) receives finance in the form of cash, or an extinguishment of a financial liability, or receipt of the entity's own equity instruments; and
(b) at a later date, will return in exchange cash or its own equity instruments.
B51 Liabilities arising from transactions that involve only the raising of finance include:
(a) a debt instrument that will be settled in cash, such as debentures, loans, notes, bonds and mortgages – an entity receives cash and will return cash in exchange;
(b) a liability under a supplier finance arrangement when the payable for goods or services is derecognised – an entity is discharged of the financial liability for the goods or services and will return cash in exchange;
(c) a bond that will be settled through delivery of an entity's shares – an entity receives cash and will return its own equity instruments in exchange; and
(d)