IFRS mandatory?
- mandatory in EU only for consolidated statements of listed corporations
- due to local regulation
- in Austria and Germany not required, only for consolidated statements
Capitalization of Asset
Working Capital Cycle
Other Comprehensive Income
VAT
Deferred Assets and Deferred Liabilities
- late payment
- advance payment
- when receiving rent it is exactly the other way round
- liability when receiving in advance
- asset when receiving late
Depreciation with Residual Value
Op vs Fin CF
- operating CF → generation of profit
- interest expense
- interest income
- dividend income
- financing CF → use of profit, not generation of profit
- dividend payment
- can be seen as paying interest to shareholders for their share in the company
CSRD