I F R S R E P O R T G U I D E

Transcription

1 IFRS Report Guide

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3 I F R S R E P O R T G U I D E With the European Union s adoption of the International Financial Reporting Standards (IFRS) in January 2005, all listed companies in the European Union and their subsidiaries, regardless of location, were required to adhere to the new regulations. While the adoption of IFRS was a significant step toward accounting harmonization with a single set of standards, it also created new challenges for companies required to comply. To help you meet the challenges of IFRS compliance, Northern Trust has created a suite of reports, which are explained in detail in this report guide.

4 C O N T E N T S S E C U R I T Y S U M M A RY S E C U R I T Y D E TA I L SECURIT Y SUMMARY BY ACCOUNT SECURIT Y DETAIL BY ACCOUNT INCOME AND EXPENSE S U M M A RY INCOME AND EXPENSE DETAIL BASE CURRENCY INVESTMENT TRANSACTION DETAIL INVESTMENT TRANSACTION COST M A R K E T VA L U E R E C O N C I L I AT I O N B A S E S U M M A RY M A R K E T VA L U E R E C O N C I L I AT I O N B A S E D E TA I L PENDING TRANSACTION DETAIL PENDING TRANSACTION DETAIL W/ACCRUED INTEREST C HANGE IN UNREALIZED GAIN/LOSS C HANGE IN BOOK AND MARKET VALUE IFRS N O R T H E R N T R U S T

5 S E C U R I T Y S U M M A R Y 30 NOV XX Security Summary D E F G H I J K *Generated by Northern Trust from reviewed periodic data on 25 Jan XX B2579 In the Security Summary, you can see the portfolio s total market value and cost as of the requested date. The market values reflected are based on the bid and ask prices, where available. Totals are provided at the investment type and subcategory levels. Denotes the security s subcategory. Shows the security s country of origin. Currency indicates the security s base currency. Accrued Income/Expense, Base denotes the security s accrued income or expense in the base currency. Market Value Financial, Local is calculated using the bid/ask prices, where applicable, in the local currency. Market Value Financial, Base shows the market value based on the bid/ask prices, where applicable, in the security s base currency. Cost, Local shows the security s book value in the local currency. Cost, Base shows the security s book value in the base currency. Unrealized Gain/Loss, Base Market represents the difference between the security s market value and cost in the base currency. J Unrealized Gain/Loss, Base Trans - lation represents the translation gain or loss in the base currency. K Market Value Financial, Including Accruals calculates the security s total market value using the bid and ask prices, plus accruals. N O R T H E R N T R U S T 3

6 S E C U R I T Y D E T A I L 30 NOV XX Security Detail D E G I K F H J *Generated by Northern Trust from reviewed periodic data on 25 Jan XX B2577 The Security Detail report can be run at the individual account or consolidation level. It details the holdings as well as the market and cost values as of the requested date. Reported on a trade-dated basis, holdings are adjusted for pending purchases and sales. The market values are calculated using the bid and ask price of the asset or liability. If no bid or ask price is available, the report uses the standard Northern Trust pricing hierarchy. Denotes the security description and asset identifier. Represents the shares/par value of the security. Market Price Financial is the security s bid/ask price, if available. Note: if these prices are unavailable for the requested date, the prices will default to the current pricing hierarchy used on the Asset Detail report. Accrued Income/Expense shows the security s accrued income or expense. Market Value Financial, Local is determined by multiplying the price by shares or par, and is shown in the local currency. Market Value Financial, Base is determined by multiplying the price by shares or par, and is shown in the base currency. Cost, Local shows the security s book value in the local currency. Cost, Base shows the security s book value in the base currency. Unrealized Gain/Loss, Base Market calculates the difference between the security s market value and cost in the base currency. J Unrealized Gain/Loss, Base Trans - lation shows the security s translation gain or loss in the base currency. K Unrealized Gain/Loss, Base Total denotes the security s total unrealized gain or loss. 4 N O R T H E R N T R U S T

7 S E C U R I T Y S U M M A R Y B Y A C C O U N T 30 NOV XX Security Summary by Account Account XYZ1 D E F G I J K *Generated by Northern Trust from reviewed periodic data on 25 Jan XX B3251 The Security Summary by Account report provides investment-type totals and total levels, sorted by each account. The market values reflected are based on the bid and ask prices, where available. Denotes the security s subcategory. Shows the security s country of origin. Currency indicates the security s base currency. Accrued Income/Expense, Base denotes the security s accrued income or expense in the base currency. Market Value Financial, Local is calculated using the bid/ask prices, where applicable, in the local currency. Market Value Financial, Base shows the market value based on the bid/ask prices, where applicable, in the security s base currency. Cost, Local shows the security s book value in the local currency. Cost, Base shows the security s book value in the base currency. J K Unrealized Gain/Loss, Base Market represents the difference between the security s market value and cost in the base currency. Unrealized Gain/Loss, Base Trans lation represents the translation gain or loss in the base currency. Market Value Financial, Including Accruals calculates the security s total market value using the bid and ask prices, plus accruals. N O R T H E R N T R U S T 5

8 S E C U R I T Y D E T A I L B Y A C C O U N T 30 NOV XX Security Detail by Account Account XYZ1 D E G I J K *Generated by Northern Trust from reviewed periodic data on 25 Jan XX B3250 If you select a consolidation or multiple accounts, the Security Detail by Account report provides detailed information, sorted by account, on the holdings and the market and cost values as of the requested date. Reported on a trade-dated basis, holdings using the bid and ask price of the asset or liability. For holdings where no bid or ask price is available, the standard Northern Trust pricing hierarchy is used. Denotes the security description and asset identifier. Shares/Par Value shows the number of shares or par value of the security. Market Price Financial shows the security s bid/ask price, if available. Note: If the bid/ask prices are unavailable for the requested date, the prices will default to the current pricing hierarchy used on the Asset Detail report. Accrued Income/Expense Base shows the security s accrued income or expense in the base currency. Market Value Financial, Local uses the security s price multiplied by the shares or par to calculate the market value in the local currency. Market Value Financial, Base uses the security s price multiplied by the shares/par to calculate the market value in the base currency. Cost, Local shows the security s book value in the local currency. Cost, Base shows the security s book value in the base currency. Unrealized Gain/Loss, Base Market is the difference between the security s market value and cost in the base currency. J Unrealized Gain/Loss, Base Trans - lation shows the security s translation gain or loss in the base currency. K Unrealized Gain/Loss, Base Total provides the security s total unrealized gain or loss. 6 N O R T H E R N T R U S T

9 I N C O M E A N D E X P E N S E S U M M A R Y 01 JUN XX 30 JUN XX Income and Expense Summary D E F G H I J *Generated by Northern Trust from periodic data on 30 Mar XX The Income and Expense Summary report summarizes income and expense accruals, income and expense receipts, expense disbursements, taxes recoverable, and taxes reclaimed during the reporting period. The report is sorted by asset type within the income and expense categories. Totals are provided for income and expense categories. Trade expenses are summarized in a separate section of the report for portfolios electing to expense transaction costs. Denotes income or expense category. Denotes asset category. Denotes asset subcategory. Receivables Last Period shows any amounts receivable or payable due in the last reporting period. Receivables This Period shows any amounts receivable or payable due this reporting period. Amount Received shows any amounts received or paid during this period. Tax Recoverable Last Period shows any tax amounts recoverable in the last period. J Tax Recoverable This Period shows any tax amounts recoverable during this period. Denotes Tax Reclaims Received this period. Earned Income is calculated as Receivables This Period + Amount Received + Tax Recoverable This Period + Tax Reclaims Received Receivables Last Period + Tax Recoverable Last Period. Expenses Recognized is calculated as Payable This Period + Amount Paid Payables Last Period. N O R T H E R N T R U S T 7

10 I N C O M E A N D E X P E N S E D E T A I L B A S E C U R R E N C Y 01 JUN XX 30 JUN XX Income and Expense Detail Base Currency D E F G H I *Generated by Northern Trust from periodic data on 30 Mar XX B004 The Income and Expense Detail provides income and expense receipts, accruals, disbursements, tax recoverables and trade expense information. The report is sorted by income and expense, asset type and payment currency. Trade expenses are displayed in a separate section of the report for portfolios electing to expense transaction costs. Denotes income or expense category. Denotes country of risk and the pricing currency symbol. Denotes the transaction s Security Description, Asset ID, ex date, and payable date. Rate, Shares/Par shows the number of share or par and the rate used to calculate the gross amount of income. The rate is reported in the local currency. For United Kingdom dividends, the net rate is provided. Gross Amount is calculated as the number of shares or par multiplied by the rate, divided by the exchange rate. Tax Recoverable shows the amount of tax recoverable on the tax withheld from the gross amount. Tax Withheld shows the amount of tax withheld/tax credit on the gross amount. Net Amount shows both the net amount of income received or receivable and the net amount of tax recoverable or tax reclaimed. Transaction Type provides information about the type of transaction. 8 N O R T H E R N T R U S T

11 I N V E S T M E N T T R A N S A C T I O N D E T A I L 01 JUN XX 30 JUN XX Investment Transaction Detail F G H I J K L D E *Generated by Northern Trust from periodic data on XX Jul XX This report provides information related to all purchases, sales, mark to market, and currency revaluation gains or losses that occurred during the reporting period. Trans - actions are reported on a trade-dated basis, and include the trade-related expenses. The report is sorted by transaction type, asset type, country of incorporation, pricing currency and trade date. It provides totals for each pricing currency, country and trans - action type, and for all transaction types. Portfolios electing to expense transaction costs will see detailed information in the trans - action narrative about the related trade fees. Denotes type of transaction. Denotes asset category. Denotes asset subcategory. Denotes country of risk followed by the pricing currency symbol. Provides the Trade Date and the Settlement Date for the transaction. Shows the Security Description, its Asset ID, the Broker and the Broker Commission. Shares/Par, Price shows the number of shares or par value and market price in the local currency. Transaction Amount shows the sale proceeds or the purchase cost. Cost represents the security s base cost amount in this country, calculated as local currency cost divided by the exchange rate as of trade date minus one day. J K L Realized Gain/Loss, Market is the change in the security s base market value from the purchase date to the sale date. It is calculated as proceeds in local currency minus book value in local currency divided by the exchange rate as of trade date minus one day. Realized Gain/Loss, Translation is the change in the security s market value in local currency compared to the client s base currency. It is calculated as book value in local currency divided by the exchange rate as of trade date minus one day minus book value in base currency. Realized Gain/Loss, Total is calculated as Column J + Column K for the reporting period. N O R T H E R N T R U S T 9

12 I N V E S T M E N T T R A N S A C T I O N C O S T 01 JAN XX 31 JAN XX Investment Transaction Cost E F G H I J K D XX XX XX XX L *Generated by Northern Trust from reviewed periodic data on 16 Nov XX B3931 This report summarizes transaction costs related to all purchases and sales that occurred during the reporting period. Transactions are reported on a tradedated basis, and include the trade-related expenses. The report is sorted by transaction type, asset type, country of incorporation, pricing currency and trade date. The report provides totals for these transaction costs by supercategory, subcategory and overall portfolio level information. Denotes type of transaction. Denotes asset category. Denotes asset subcategory. Denotes country of risk followed by the pricing currency symbol. This column provides the Trade Date and the Settlement Date for the transaction. This column shows the Security Description, its Asset ID, the Broker and the Broker Commission. Transaction Amount shows the proceeds from a sale or the cost of a purchase. J K L Denotes the Broker Commission applicable to the transaction. Denotes the Other Charges associated with the transaction. Denotes the Taxes associated with the transaction. The Total Transaction Cost is the sum of broker commissions, other charges and taxes associated with the transaction. Total transaction provides an overall portfolio total of the transaction costs incurred during the reporting period. 1 0 N O R T H E R N T R U S T

13 M A R K E T V A L U E R E C O N C I L I A T I O N B A S E S U M M A R Y 30 SEP XX Market Value Reconciliation Base Summary D E F G *Generated by Northern Trust from reviewed periodic data on 9 Nov XX B3270 The Market Value Reconciliation Base Summary reconciles the market value using the bid and ask prices (financial) and the market value using the standard Northern Trust pricing hierarchy (management). It provides both the price difference and percentage price differences at the investment-type level. Denotes the security s subcategory Denotes the country, followed by the pricing currency symbol. Market Value, Management shows the market value calculated using Northern Trust s standard pricing hierarchy. Market Value, Financial shows the market value calculated using the bid/ask prices. Market Value, Difference is calcu lated as the difference between the asset s financial market value and its management market value. Market Value, % Difference is the Market Value, Management minus Market Value, Financial, divided by 100. Cost shows the cost as of the report date selected. N O R T H E R N T R U S T 1 1

14 M A R K E T V A L U E R E C O N C I L I A T I O N B A S E D E T A I L 01 JAN XX 31 JAN XX Market Value Reconciliation Base Detail E F G H I J K L D *Generated by Northern Trust from reviewed periodic data on 16 Nov XX B3931 The Market Value Reconciliation Base Detail reconciles the market value using the bid/ask prices (financial) and the market value using the standard Northern Trust pricing hierarchy (management). It provides both the price difference and percentage price difference at the security level. The securities are sorted by investment type and country. Denotes the security s subcategory Denotes the country, followed by the pricing currency symbol. Asset ID shows the security s identifier. Description provides a description of the security. Local Market Price, Management shows the security s price using Northern Trust s standard pricing hierarchy. Local Market Price, Financial shows the security s price using bid/ask prices. The Market Price Difference is the difference between the financial market price and the management market price. The % Price Difference is calculated using the financial (bid/ask) price minus the management price, divided by 100. J K L Market Value, Management is the security s market value calculated using Northern Trust s standard pricing hierarchy. Market Value, Financial is the security s market value calculated using the bid/ask prices. Market Value, Difference is calculated by subtracting the management market value from the financial market value. Cost is the current cost as of the report date selected. 1 2 N O R T H E R N T R U S T

15 P E N D I N G T R A N S A C T I O N D E T A I L 30 JUN XX Pending Transaction Detail E F G H I J K *Generated by Northern Trust from reviewed periodic data on 2 Apr XX C0026 The Pending Transaction Detail report provides information for all pending transactions as of the report date selected. Trans actions are reported on a trade date basis. The report is sorted by transaction type, asset type, country of incorporation, pricing currency, trade date and settlement date. Totals are provided for each pricing currency, each country, each transaction type and for all transaction types. The report also provides the detail of all trade related expenses. Denotes type of transaction pending. Denotes settlement currency of pending transaction. Denotes asset category. Denotes asset subcategory. Denotes Trade Date, Settlement Date and Country of risk. Trade Status lists the status of the pending transaction. Denotes the Security Description, Asset ID and Trade Expenses of the pending security. Shares/Par shows the number of shares or par value of the pending transaction. J K Base Market for security trans actions is calculated as (shares or par multiplied by local market price) divided by the exchange rate as of the reporting date. Otherwise, it is calculated as local currency amount divided by the exchange rate as of reporting date. Refer to the Foreign Exchange Rates to Base Cur rency report for exchange rates. Base Cost is the local currency cost divided by the exchange rate as of the trade date minus one day. Currency Cost shows the local currency cost of transaction pending settlement. N O R T H E R N T R U S T 1 3

16 P E N D I N G T R A N S A C T I O N D E T A I L W / A C C R U E D I N T E R E S T 30 SEP XX Pending Transaction Detail w/ Accrued Interest F G H I J K L D E *Generated by Northern Trust from reviewed periodic data on 9 Nov XX B3260 The Pending Transaction Detail With Accrued Interest report provides details on a trade-date basis for all pending trans actions as of the date selected. The report also reflects accrued interest purchased and/or sold. The report is sorted by transaction type, asset type, country of incorporation, pricing currency, trade date and settlement date. It provides totals for each pricing currency, country, and transaction type, and for all transaction types together. The report also provides the detail of all trade related expenses. Type of transaction pending. Currency of the pending transaction. Asset category. Asset subcategory. Trade Date, Settle Date shows the trade date and the settlement date for the transaction. Country shows the transaction s country of risk. Trade Status indicates whether the trade is partially settled or pending as of the report date. Denotes the Security Description, Asset ID and Trade Expenses of the pending security. Shares/Par lists the shares or par value pending or partially settled as of the report date. J K L Proceeds/Market provides the transaction s proceeds in the local and base currencies, and provides the base market value for domestic accounts, and the costs in the local and base currencies as well as the base market value for global accounts. Accrued Interest is displayed in both local and base currency amounts. Total shows the transaction s local and base proceeds plus accrued interest for domestic accounts. It shows the total of the local or base costs plus accrued interest for global accounts. 1 4 N O R T H E R N T R U S T

17 C H A N G E I N U N R E A L I Z E D G A I N / L O S S Change in Unrealized Gain/Loss E F G H I J K D *Generated by Northern Trust from periodic data on 25 Jan XX B3307 The Change in Unrealized Gain/Loss report provides details about the change in the unrealized gains or losses on market and translation for the periods selected. The unrealized gains or losses are calculated using the bid prices for assets and the ask prices for liabilities. This report will display the differences between two valid periods selected. The dates selected do not have to be consecutive. Denotes the asset subcategory. Denotes the country, followed by the pricing currency symbol. Asset ID provides the security s identification number. This shows a Description of the security. Change in Unrealized Gain/Loss, Market is Column G minus Column F. Change in Unrealized Gain/Loss, Translation is the difference between translation gain/loss of the two chosen dates. Change in Unrealized Gain/Loss, Total is the difference between the market value less cost for both periods (Column H Column I) (Column J Column I). J K Market Value, Financial is the market value using bid/ask prices, if available, for the second report date selected. Cost represents the ending cost value as of the second report date selected. Market Value, Financial is the market value using the bid/ask price, if available, for the first report date selected. Cost shows the ending cost value for the first report date selected. N O R T H E R N T R U S T 1 5

18 C H A N G E I N B O O K A N D M A R K E T V A L U E I F R S 01 SEP XX 30 SEP XX Change in Book and Market Value IFRS D *Generated by Northern Trust from reviewed periodic data on 16 Nov XX The Change in Book and Market Value report reconciles the portfolio s cost and market values between the previous and current reporting periods. Trade fees are included in the Expenses Paid line item for portfolios choosing to expense trans - action costs. The report also refers the reader to additional schedules for more detailed information. This column provides summary descriptions of activity affecting the portfolio s cost and market value for the reporting period. Beginning and ending Cost value of the portfolio and the summary amounts affecting cost. Denotes beginning and ending Market Value of the portfolio and a summary of activity affecting market value. Summary schedules that can be referenced For More Information on the activity during the reporting period. 1 6 N O R T H E R N T R U S T

19 2018 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois U.S.A. Incorporated with limited liability in the U.S. Products and services provided by subsidiaries of Northern Trust Corporation may vary in different markets and are offered in accordance with local regulation. This material is directed to professional clients only and is not intended for retail clients. For Asia-Pacific markets, it is directed to expert, institutional, professional and wholesale investors only and should not be relied upon by retail clients or investors. For legal and regulatory information about our offices and legal entities, visit northerntrust.com/disclosures. The following information is provided to comply with local disclosure requirements: The Northern Trust Company, London Branch; Northern Trust Global Services PLC; Northern Trust Global Investments Limited; Northern Trust Securities LLP. Northern Trust Global Services PLC, Abu Dhabi Branch, registration Number licenced by ADGM under FSRA # The Northern Trust Company of Saudi Arabia - a Saudi closed joint stock company - Capital SAR 52 million. Licensed by the Capital Market Authority - License No C.R: Northern Trust Global Services PLC Luxembourg Branch, 6 rue Lou Hemmer, L-1748 Senningerberg, Grand-Duché de Luxembourg, Succursale d une société de droit étranger RCS B Northern Trust Luxembourg Management Company S.A., 6 rue Lou Hemmer, L-1748 Senningerberg, Grand-Duché de Luxembourg, Société anonyme RCS B Northern Trust (Guernsey) Limited (2651)/Northern Trust Fiduciary Services (Guernsey) Limited (29806)/Northern Trust International Fund Administration Services (Guernsey) Limited (15532) Registered Office: Trafalgar Court Les Banques, St Peter Port, Guernsey GY1 3DA. Notice: This document is for general descriptive and informational purposes only. It contains no warranty of any kind, express or implied, concerning any equipment or service described or referenced, nor for any other equipment or service offered or to be offered by Northern Trust or its affiliates. While this document describes some of the intended capabilities of Northern Trust Passport, it does not make or imply any warranty or guarantee about the actual operational characteristics and performance of Northern Trust Passport.

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