| PBE34.87 | Paragraphs PBE34.89 to PBE34.97 apply to public benefit entity concessionary loans within the financial statements of public benefit entities or entities within a public benefit entity group. [AMD 580] |
| PBE34.88 | Public benefit entity concessionary loans are loans made or received between a public benefit entity or an entity within the public benefit entity group, and another party at below the prevailing market rate of interest that are not repayable on demand and are for the purposes of furthering the objectives of the public benefit entity or public benefit entity parent. |
| AMD 580 Amendment Paragraph PBE34.87 amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017) Effective date 01/01/2019 Previous text PBE34.87 Paragraphs PBE34.89 to PBE34.97 address the recognition, measurement and disclosure of public benefit entity concessionary loan arrangements within the financial statements of public benefit entities or entities within a public benefit entity group making or receiving public benefit entity concessionary loans. These paragraphs apply to public benefit entity concessionary loan arrangements only and are not applicable to loans which are at a market rate or to other commercial arrangements. |
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