Vietnam: Entries that are supplemented to the balance sheet of securities companies

10:54, 20/04/2018

Recently, the Ministry of Finance of Vietnam issued Circular No. 23/2018/TT-BTC providing guidance on accounting for covered warrants of securities companies being issuers.

According to Circular No. 23/2018/TT-BTC of the Ministry of Finance of Vietnam, some entries are supplemented to the balance sheet, specifically as follows:

- Profit from sale of warrants is presented in Item a. "Profit from sale of financial assets at fair value through profit or loss - Entry 01.1" of the income statement.

- Loss from sale of warrants is presented in Item a. “Loss from sale of financial assets at fair value through profit or loss – Entry 21.1” of the income statement.

- Item “Decrease in the value of outstanding warrants marked to market” is added to Item d. – Entry 01.4.

- Item “Increase in the value of outstanding warrants marked to market” is added to Item d. – Entry 21.4.

View relevant provisions at Circular No. 23/2018/TT-BTC of the Ministry of Finance of Vietnam, effective from April 27, 2018.

- Thanh Lam -

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Circular No. 23/2018/TT-BTC

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