1 A B C D E F G H I J K L M N O P Q R S T U V W

scenario analysis

A process for identifying and assessing a potential range of outcomes of future events under conditions of uncertainty.





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Scope 2 greenhouse gas emissions

Indirect greenhouse gas emissions from the generation of purchased or acquired electricity, steam, heating or cooling consumed by an entity.

Purchased and acquired electricity is electricity that is purchased or otherwise brought into an entity’s boundary. Scope 2 greenhouse gas emissions physically occur at the facility where electricity is generated.

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Scope 3 categories

Scope 3 greenhouse gas emissions are categorised into these

15 categories—as described in the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011):

  1. purchased goods and services;
  2. capital goods;
  3. fuel- and energy-related activities not included in Scope 1 greenhouse gas emissions or Scope 2 greenhouse gas emissions;
  4. upstream transportation and distribution;
  5. waste generated in operations;
  6. business travel;
  7. employee commuting;
  8. upstream leased assets;
  9. downstream transportation and distribution;
  10. processing of sold products;
  11. use of sold products;
  12. end-of-life treatment of sold products;
  13. downstream leased assets;
  14. franchises; and
  15. investments.
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Scope 3 greenhouse gas emissions

Indirect greenhouse gas emissions (not included in Scope 2 greenhouse gas emissions) that occur in the value chain of an entity, including both upstream and downstream emissions. Scope 3 greenhouse gas emissions include the Scope 3 categories in the Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard (2011).

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Separate financial statements

Separate financial statements are those presented by an entity in which the entity could elect, subject to the requirements in this Standard, to account for its investments in subsidiaries, joint ventures and associates either at cost, in accordance with IFRS 9 Financial Instruments, or using the equity method as described in IAS 28 Investments in Associates and Joint Ventures.





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Separate vehicle

A separately identifiable financial structure, including separate legal entities or entities recognised by statute, regardless of whether those entities have a legal personality.





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Service condition

A vesting condition that requires the counterparty to complete a specified period of service during which services are provided to the entity. If the counterparty, regardless of the reason, ceases to provide service during the vesting period, it has failed to satisfy the condition. A service condition does not require a performance target to be met.





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Service cost

Definitions relating to defined benefit cost

Service cost comprises:

  1. current service cost, which is the increase in the present value of the defined benefit obligation resulting from employee service in the current period;
  2. past service cost, which is the change in the present value of the defined benefit obligation for employee service in prior periods, resulting from a plan amendment (the introduction or withdrawal of, or changes to, a defined benefit plan) or a curtailment (a significant reduction by the entity in the number of employees covered by a plan); and
  3. any gain or loss on settlement.




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Settlement of the employee benefit obligations – Definitions relating to defined benefit cost

A settlement is a transaction that eliminates all further legal or constructive obligations for part or all of the benefits provided under a defined benefit plan, other than a payment of benefits to, or on behalf of, employees that is set out in the terms of the plan and included in the actuarial assumptions.





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Share option

A contract that gives the holder the right, but not the obligation, to subscribe to the entity’s shares at a fixed or determinable price for a specified period of time.





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Share-based payment arrangement

An agreement between the entity (or another group entity or any shareholder of any group entity) and another party (including an employee) that entitles the other party to receive

  1. cash or other assets of the entity for amounts that are based on the price (or value) of equity instruments (including shares or share options) of the entity or another group entity, or
  2. equity instruments (including shares or share options) of the entity or another group entity,

provided the specified vesting conditions, if any, are met.





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Share-based payment transaction

A transaction in which the entity

  1. receives goods or services from the supplier of those goods or services (including an employee) in a share-based payment arrangement, or
  2. incurs an obligation to settle the transaction with the supplier in a share-based payment arrangement when another group entity receives those goods or services.




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Short-term employee benefits

Short-term employee benefits are employee benefits (other than termination benefits) that are expected to be settled wholly before twelve months after the end of the annual reporting period in which the employees render the related service.





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Short-term lease

A lease that, at the commencement date, has a lease term of 12 months or less. A lease that contains a purchase option is not a short-term lease.





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Significant influence

Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control of those policies.





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Stand-alone selling price

Stand-alone selling price (of a good or service) – The price at which an entity would sell a promised good or service separately to a customer.





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Step-up clause

A dividend clause on a financial instrument that would increase the dividend payable on the instrument at a pre- determined date in the future unless the instrument is called beforehand by the issuer.






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Structured entity

An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity, such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements.

Paragraphs B22–B24 provide further information about structured entities.

IFRS 12 Definition





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A transaction for which an underlying asset is re-leased by a lessee (‘intermediate lessor’) to a third party, and the lease (‘head lease’) between the head lessor and lessee remains in effect.





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Subordinated instrument

A financial instrument which ranks lower in priority than other financial instruments when there is a claim upon the company which issued it.






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