Examples of Pro Forma Entity in a sentence
Impairment of available-for-sale financial assets The Pro Forma Entity classifies certain assets as available for sale and recognises movements of their fair values in equity.
If there exists objective evidence that the Pro Forma Entity will not be able to collect the amount under the original terms, a provision for impairment of that receivable is made.
Under the equity method, the Pro Forma Entity recognises the investment income according to its share of net profit or loss of the investee.
Recognition and measurement Financial assets are recognised at fair value on the balance sheet when the Pro Forma Entity becomes a party to the contractual provisions of the financial instrument.
Termination benefits Termination benefits are payable when employment is terminated by the Pro Forma Entity before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits.