Traduction de «pagination de la couverture » (Français → Anglais) :

An entity shall not reflect in its opening IFRS statement of financial position a hedging relationship of a type that does not qualify for hedge accounting in accordance with IAS 39 (for example, many hedging relationships where the hedging instrument is a cash instrument or written option; where the hedged item is a net position; or where the hedge covers interest risk in a held-to-maturity investment).

Subsidiary B could designate the external debt as a hedge of the GBP/USD risk of its net investment in Subsidiary C in its consolidated financial statements. Parent could maintain Subsidiary B’s designation of that hedging instrument as a hedge of its US$300 million net investment in Subsidiary C for the GBP/USD risk (see paragraph 13) and Parent could designate the GBP hedging instrument it holds as a hedge of its entire £500 million net investment in Subsidiary B. The first hedge, designated by Subsidiary B, would be assessed by reference to Subsidiary B’s functional currency (pounds sterling) and the second hedge, designated by Parent ...[+++], would be assessed by reference to Parent’s functional currency (euro).

AG15 If Parent reversed the hedging relationship designated by Subsidiary B, Parent could designate the US$300 million external borrowing held by Subsidiary B as a hedge of its US$300 million net investment in Subsidiary C for the EUR/USD risk and designate the GBP hedging instrument it holds itself as a hedge of only up to £341 million of the net investment in Subsidiary B. In this case the effectiveness of both hedges would be computed by reference to Parent’s functional currency (euro).

If an entity had designated a hedging instrument as a hedge of a net investment but the hedge does not meet the conditions for hedge accounting in this Interpretation, the entity shall apply IAS 39 to discontinue that hedge accounting prospectively.

A number of Member States have offered material and practical support through the community mechanism for civil protection. According to the latest reports to the MIC, so far Austria is offering 200 tents and 5000 blankets; Bulgaria is offering 8.5 tonnes of tents and blankets as well as medical supplies; France has sent an assessment and evaluation team, a medical team and 4.5 tonnes of medical material and supplies; Italy has sent 25 tonnes of supplies including tents, first-aid kits, kitchen sets, sanitary materials, pumps and electricity generators; Malta will provide 15 to 20 tonnes of blankets, foodstuffs and water; Slovakia i ...[+++]s ready to ship 20 tonnes of blankets, tents, clothing and medical sedans; Poland is offering a staffed field hospital; Spain has despatched 10 tonnes of tents, blankets, warm clothes, body bags and medical devices.

This Directive should not apply to the provision of reinsurance cover carried out or fully guaranteed by a Member State for reasons of substantial public interest, in the capacity of reinsurer of last resort, in particular where because of a specific situation in a market, it is not feasible to obtain adequate commercial cover; in this regard, a lack of ‘adequate commercial cover’ should mainly mean a market failure which is characterised by an evident lack of a sufficient range of insurance offers, although excessive premiums should ...[+++] not per se imply inadequacy of that commercial cover.