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Classic Photo Album. Intangible assets . EU-IFRS consolidation. Bank. € 200m. Lease. Equity. (4). (1). (3). € 50m. SPV . 3 rd party investor. € 150m. Loan. IP. (2). Transaction steps Bank will set up an SPV and SPV issues equity of € 50m to Bank .
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Intangible assets EU-IFRS consolidation Bank € 200m Lease Equity (4) (1) (3) € 50m SPV 3rd party investor € 150m Loan IP (2) • Transaction steps • Bankwill set up an SPV and SPV issues equity of € 50m to Bank. • 3rd party investor will provide SPV with a amortising loan of € 150m. • SPV will buy internally generated software from Bank with a fair market value of € 200m. • Bankwill get the right of use of these software applications under a lease agreement (tenor [5 yr]) and Bank will be able to cancel the contract if the value of IP < value of the loan (both under IFRS). • Transactie diagram
This photo album contains sample pages to get you started. To add your own pages, click the Home tab, then click the New Slide gallery.
Choose a Layout …then click the placeholders to add your own pictures and captions.
On the Picture Tools | Format tab, you can create your own frames and make picture corrections such as adjusting contrast and brightness or cropping the picture for just the right look.
Picture Quick Styles give you great looking “frames” in a single click.