Unoterede kapitalandele til dagsværdi: Præsenteres regnskabsbruger for tilstrækkelig information?

Abstract

Through our work in the auditing industry, we have sat with companies that have owned investment properties at fair value and have sat with companies that own capital shares in subsidiaries, associates and joint ventures. Although investment properties as well as capital shares in subsidiaries are assets and can be recognized at fair value, we have seen a tendency towards an increased degree of information for investment properties at fair value compared to investment in subsidiaries, even though both are regulated by the same acts in ÅRL. We have therefore investigated the information needs of Annual Report users and how it is currently being met based on the current interpretation of ÅRL. We have discussed and assessed whether input from other sources within the same topic can be used to increase the level of information regarding unlisted capital shares at fair value. Based on the performed analysis, the project was able to conclude that minimal information is provided in relation to key assumptions when recognizing and measuring at fair value for unlisted capital shares. The project has also highlighted that the supplementary information in the management report and accounting practices have not compensated for the lack of information on key assumptions. Based on these experiences in connection with the analysis, the project has investigated using reference points, IFRS and investment properties at fair value, whether more information can be provided in relation to key assumptions. Based on the analysis for the selected reference points, the project has drawn up potential inputs which can be incorporated into a possible guide for the recognition and measurement of unlisted capital shares at fair value. In the preparation of the points below, account has been taken of the opposing issues such as: accounting users' information needs, burden on the issuing company, transparency, and competitiveness. See points for potential guidance below: · Expanded asset note and information in the notes about financial items · Description of the valuation process · Disclosure of commitments · Qualitative information about significant unobservable inputs · Distribution of different recognition methods · Maintenance costs/CAPEX · Sensitivity analysis 4 It is thus concluded that the current acts in ÅRL are sufficient for disclosure of key information, as they are the same acts as for investment properties. The problem in relation to unlisted capital shares at fair value is that there is no guidance for the disposing companies, so that there is a common reference point in relation to information requirements. The project also concludes that the above points will be relevant for any guidance and will contribute positively to the information needs of accounting users, and the ability to assess the central assumptions used.