Supplier finance arrangements disclosure

• Arrangement examined: parties, terms and conditions, security and guarantees

  TextRequired

  REVERSE_FACTORING_PROGRAMME_WITH_BANQUE_ORSANNE

• Line items of the statement of financial position in which the liabilities are presented

  Text

  TRADE_AND_OTHER_PAYABLES

• Ranges of payment due dates: liabilities in the arrangement and comparable trade payables outside it

  Text

  PROGRAMME_90_TO_120_DAYS_COMPARABLE_45_TO_60_DAYS

  Rule: the range for comparable trade payables outside the arrangement is also disclosed (para. 44H).

• Carrying amount of the liabilities that are part of the arrangement at the beginning of the period

  Number

  1,850,000

• Supplier invoices entered into the arrangement during the period

  Number

  9,600,000

• Payments to the finance providers

  Number

  9,300,000

• Non-cash changes (business combinations, exchange differences, other)

  Number

  20,000

• Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

  Number

  2,170,000

• Of which suppliers already paid by the finance providers, at the beginning of the period

  Number

  1,400,000

• Of which suppliers already paid by the finance providers, at the end of the period

  Number

  1,720,000

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §44FIAS 7 §44G

• Points reviewed

  ChecklistRequired

  • One or more finance providers offer to pay the entity's suppliers
  • The entity pays the provider on the same date or at a later date
  • Extended payment terms for the entity or early payment for the suppliers
  • Exclusion: credit enhancements only (guarantees, letters of credit used as guarantees)
  • Exclusion: instruments used to settle directly (credit cards)
  • Objective: effects on liabilities, cash flows and liquidity risk

IAS 7 §44H

• Closing carrying amount rebuilt

  Calculation

  2,170,000

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

• Difference: reported − rebuilt

  Calculation

  0

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

IAS 7 §44GIAS 7 §44C

• Qualification of the arrangement

  JudgmentRequired

  Supplier finance arrangement

  Supplier finance arrangement / Credit enhancement only: excluded / Instrument used to settle directly: excluded

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Classification of the payments to the finance providers in the statement

  JudgmentRequired

  Operating: liability presented in trade payables

  Operating: liability presented in trade payables / Financing: liability arising from financing activities (financing liabilities reconciliation) / Not applicable (arrangement excluded)

  Professional judgement: para. 44F to 44H settle neither the classification of the liabilities nor that of the payments to the providers; the classification used is justified against the definitions of the activities and made consistent with the presentation of the liability (Interpretations Committee agenda decision, December 2020).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §44HIAS 7 §44B

• Items of the note

  ChecklistRequired

  • Terms and conditions (dissimilar arrangements disclosed separately)
  • Opening and closing carrying amounts and line items
  • Amounts already paid to suppliers by the finance providers
  • Ranges of payment due dates, including comparable trade payables outside the arrangement
  • Type and effect of non-cash changes
  • If a financing liability: included in the financing liabilities reconciliation

• Draft note on supplier finance arrangements

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Classification documentedPass
• Movement in the liabilities agreedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Arrangement examined: parties, terms and conditions, security and guarantees

  TextRequired

  CORPORATE_PURCHASING_CARDS

• Line items of the statement of financial position in which the liabilities are presented

  Text

• Ranges of payment due dates: liabilities in the arrangement and comparable trade payables outside it

  Text

  Rule: the range for comparable trade payables outside the arrangement is also disclosed (para. 44H).

• Carrying amount of the liabilities that are part of the arrangement at the beginning of the period

  Number

• Supplier invoices entered into the arrangement during the period

  Number

• Payments to the finance providers

  Number

• Non-cash changes (business combinations, exchange differences, other)

  Number

• Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

  Number

• Of which suppliers already paid by the finance providers, at the beginning of the period

  Number

• Of which suppliers already paid by the finance providers, at the end of the period

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §44FIAS 7 §44G

• Points reviewed

  ChecklistRequired

  • One or more finance providers offer to pay the entity's suppliers
  • The entity pays the provider on the same date or at a later date
  • Extended payment terms for the entity or early payment for the suppliers
  • Exclusion: credit enhancements only (guarantees, letters of credit used as guarantees)
  • Exclusion: instruments used to settle directly (credit cards)
  • Objective: effects on liabilities, cash flows and liquidity risk

IAS 7 §44H

• Closing carrying amount rebuilt

  Calculation

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

• Difference: reported − rebuilt

  Calculation

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

IAS 7 §44GIAS 7 §44C

• Qualification of the arrangement

  JudgmentRequired

  Instrument used to settle directly: excluded

  Supplier finance arrangement / Credit enhancement only: excluded / Instrument used to settle directly: excluded

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Classification of the payments to the finance providers in the statement

  JudgmentRequired

  Not applicable (arrangement excluded)

  Operating: liability presented in trade payables / Financing: liability arising from financing activities (financing liabilities reconciliation) / Not applicable (arrangement excluded)

  Professional judgement: para. 44F to 44H settle neither the classification of the liabilities nor that of the payments to the providers; the classification used is justified against the definitions of the activities and made consistent with the presentation of the liability (Interpretations Committee agenda decision, December 2020).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §44HIAS 7 §44B

• Items of the note

  ChecklistRequired

  • Terms and conditions (dissimilar arrangements disclosed separately)
  • Opening and closing carrying amounts and line items
  • Amounts already paid to suppliers by the finance providers
  • Ranges of payment due dates, including comparable trade payables outside the arrangement
  • Type and effect of non-cash changes
  • If a financing liability: included in the financing liabilities reconciliation

• Draft note on supplier finance arrangements

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Classification documentedPass
• Movement in the liabilities agreedNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Arrangement examined: parties, terms and conditions, security and guarantees

  TextRequired

  DOCUMENTARY_LETTERS_OF_CREDIT_AS_GUARANTEE

• Line items of the statement of financial position in which the liabilities are presented

  Text

• Ranges of payment due dates: liabilities in the arrangement and comparable trade payables outside it

  Text

  Rule: the range for comparable trade payables outside the arrangement is also disclosed (para. 44H).

• Carrying amount of the liabilities that are part of the arrangement at the beginning of the period

  Number

• Supplier invoices entered into the arrangement during the period

  Number

• Payments to the finance providers

  Number

• Non-cash changes (business combinations, exchange differences, other)

  Number

• Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

  Number

• Of which suppliers already paid by the finance providers, at the beginning of the period

  Number

• Of which suppliers already paid by the finance providers, at the end of the period

  Number

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §44FIAS 7 §44G

• Points reviewed

  ChecklistRequired

  • One or more finance providers offer to pay the entity's suppliers
  • The entity pays the provider on the same date or at a later date
  • Extended payment terms for the entity or early payment for the suppliers
  • Exclusion: credit enhancements only (guarantees, letters of credit used as guarantees)
  • Exclusion: instruments used to settle directly (credit cards)
  • Objective: effects on liabilities, cash flows and liquidity risk

IAS 7 §44H

• Closing carrying amount rebuilt

  Calculation

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

• Difference: reported − rebuilt

  Calculation

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

IAS 7 §44GIAS 7 §44C

• Qualification of the arrangement

  JudgmentRequired

  Credit enhancement only: excluded

  Supplier finance arrangement / Credit enhancement only: excluded / Instrument used to settle directly: excluded

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Classification of the payments to the finance providers in the statement

  JudgmentRequired

  Not applicable (arrangement excluded)

  Operating: liability presented in trade payables / Financing: liability arising from financing activities (financing liabilities reconciliation) / Not applicable (arrangement excluded)

  Professional judgement: para. 44F to 44H settle neither the classification of the liabilities nor that of the payments to the providers; the classification used is justified against the definitions of the activities and made consistent with the presentation of the liability (Interpretations Committee agenda decision, December 2020).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §44HIAS 7 §44B

• Items of the note

  ChecklistRequired

  • Terms and conditions (dissimilar arrangements disclosed separately)
  • Opening and closing carrying amounts and line items
  • Amounts already paid to suppliers by the finance providers
  • Ranges of payment due dates, including comparable trade payables outside the arrangement
  • Type and effect of non-cash changes
  • If a financing liability: included in the financing liabilities reconciliation

• Draft note on supplier finance arrangements

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Classification documentedPass
• Movement in the liabilities agreedNot evaluated

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Arrangement examined: parties, terms and conditions, security and guarantees

  TextRequired

  SUPPLY_CHAIN_FINANCE_PROGRAMME_WITH_A_BANK

• Line items of the statement of financial position in which the liabilities are presented

  Text

  TRADE_AND_OTHER_PAYABLES

• Ranges of payment due dates: liabilities in the arrangement and comparable trade payables outside it

  Text

  PROGRAMME_90_TO_120_DAYS_COMPARABLE_30_TO_60_DAYS

  Rule: the range for comparable trade payables outside the arrangement is also disclosed (para. 44H).

• Carrying amount of the liabilities that are part of the arrangement at the beginning of the period

  Number

  800,000

• Supplier invoices entered into the arrangement during the period

  Number

  4,800,000

• Payments to the finance providers

  Number

  4,650,000

• Non-cash changes (business combinations, exchange differences, other)

  Number

• Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

  Number

  950,000

• Of which suppliers already paid by the finance providers, at the beginning of the period

  Number

  600,000

• Of which suppliers already paid by the finance providers, at the end of the period

  Number

  780,000

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §44FIAS 7 §44G

• Points reviewed

  ChecklistRequired

  • One or more finance providers offer to pay the entity's suppliers
  • The entity pays the provider on the same date or at a later date
  • Extended payment terms for the entity or early payment for the suppliers
  • Exclusion: credit enhancements only (guarantees, letters of credit used as guarantees)
  • Exclusion: instruments used to settle directly (credit cards)
  • Objective: effects on liabilities, cash flows and liquidity risk

IAS 7 §44H

• Closing carrying amount rebuilt

  Calculation

  950,000

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

• Difference: reported − rebuilt

  Calculation

  0

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

IAS 7 §44GIAS 7 §44C

• Qualification of the arrangement

  JudgmentRequired

  Supplier finance arrangement

  Supplier finance arrangement / Credit enhancement only: excluded / Instrument used to settle directly: excluded

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Classification of the payments to the finance providers in the statement

  JudgmentRequired

  Operating: liability presented in trade payables

  Operating: liability presented in trade payables / Financing: liability arising from financing activities (financing liabilities reconciliation) / Not applicable (arrangement excluded)

  Professional judgement: para. 44F to 44H settle neither the classification of the liabilities nor that of the payments to the providers; the classification used is justified against the definitions of the activities and made consistent with the presentation of the liability (Interpretations Committee agenda decision, December 2020).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §44HIAS 7 §44B

• Items of the note

  ChecklistRequired

  • Terms and conditions (dissimilar arrangements disclosed separately)
  • Opening and closing carrying amounts and line items
  • Amounts already paid to suppliers by the finance providers
  • Ranges of payment due dates, including comparable trade payables outside the arrangement
  • Type and effect of non-cash changes
  • If a financing liability: included in the financing liabilities reconciliation

• Draft note on supplier finance arrangements

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Classification documentedPass
• Movement in the liabilities agreedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0

• Arrangement examined: parties, terms and conditions, security and guarantees

  TextRequired

  SUPPLY_CHAIN_FINANCE_PROGRAMME_WITH_A_BANK

• Line items of the statement of financial position in which the liabilities are presented

  Text

  TRADE_AND_OTHER_PAYABLES

• Ranges of payment due dates: liabilities in the arrangement and comparable trade payables outside it

  Text

  PROGRAMME_90_TO_120_DAYS_COMPARABLE_30_TO_60_DAYS

  Rule: the range for comparable trade payables outside the arrangement is also disclosed (para. 44H).

• Carrying amount of the liabilities that are part of the arrangement at the beginning of the period

  Number

  800,000

• Supplier invoices entered into the arrangement during the period

  Number

  4,800,000

• Payments to the finance providers

  Number

  4,650,000

• Non-cash changes (business combinations, exchange differences, other)

  Number

• Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

  Number

  950,000

• Of which suppliers already paid by the finance providers, at the beginning of the period

  Number

  600,000

• Of which suppliers already paid by the finance providers, at the end of the period

  Number

  780,000

• Evidence obtained and referenced (category, document reference)

  EvidenceRequired

IAS 7 §44FIAS 7 §44G

• Points reviewed

  ChecklistRequired

  • One or more finance providers offer to pay the entity's suppliers
  • The entity pays the provider on the same date or at a later date
  • Extended payment terms for the entity or early payment for the suppliers
  • Exclusion: credit enhancements only (guarantees, letters of credit used as guarantees)
  • Exclusion: instruments used to settle directly (credit cards)
  • Objective: effects on liabilities, cash flows and liquidity risk

IAS 7 §44H

• Closing carrying amount rebuilt

  Calculation

  950,000

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

• Difference: reported − rebuilt

  Calculation

  0

  Carrying amount of the liabilities that are part of the arrangement at the beginning of the period ; Supplier invoices entered into the arrangement during the period ; − Payments to the finance providers ; Non-cash changes (business combinations, exchange differences, other) ; Reported carrying amount of the liabilities that are part of the arrangement at the end of the period

IAS 7 §44GIAS 7 §44C

• Qualification of the arrangement

  JudgmentRequired

  Supplier finance arrangement

  Supplier finance arrangement / Credit enhancement only: excluded / Instrument used to settle directly: excluded

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

• Classification of the payments to the finance providers in the statement

  JudgmentRequired

  Operating: liability presented in trade payables

  Operating: liability presented in trade payables / Financing: liability arising from financing activities (financing liabilities reconciliation) / Not applicable (arrangement excluded)

  Professional judgement: para. 44F to 44H settle neither the classification of the liabilities nor that of the payments to the providers; the classification used is justified against the definitions of the activities and made consistent with the presentation of the liability (Interpretations Committee agenda decision, December 2020).

• Rationale: facts relied on, analysis, alternative rejected

  TextRequired

IAS 7 §44HIAS 7 §44B

• Items of the note

  ChecklistRequired

  • Terms and conditions (dissimilar arrangements disclosed separately)
  • Opening and closing carrying amounts and line items
  • Amounts already paid to suppliers by the finance providers
  • Ranges of payment due dates, including comparable trade payables outside the arrangement
  • Type and effect of non-cash changes
  • If a financing liability: included in the financing liabilities reconciliation

• Draft note on supplier finance arrangements

  Text

• Paragraphs cited in this workpaper (verification status shown from the register)

  References

• Qualification documentedPass
• Classification documentedPass
• Movement in the liabilities agreedPass

Assets

0

Liabilities

0

Profit or loss

0

OCI

0

Equity

0