Evaluación de las NIIF 9, NIIF 15 y NIIF 16 aplicables en el sector de telecomunicaciones durante el ejercicio económico 2018.

Abstract

This paper analyzes financial effect of the main transactions made by entities in the telecommunications sector derived from the application of IFRS 15 Revenue from contracts with customers, IFRS 9 Financial Instruments and IFRS 16 Leases in the 2018 period. Financial effects were determined through the resolution of practical cases by developing the accounting treatment with the Repealed Standards (IAS 18, IAS 39 and IAS 17) and those established by the Regulations in force (IFRS 15 and IFRS 9), with the exception of IFRS 16 which is treated as an early application. The results of the accounting treatment of the aforementioned were transferred in a comprehensive income statement in order to compare changes in the EBIT. Mainly, there are significant effects derived from the application of the new standards, the Revenue from ordinary activities is increased by the effect of the transaction price allocation and the operational expenses that present a reduction derived from the net effect of the calculation of the expected credit losses and the amortization of the right to use the real estate leased. The application of these standards, although it has an important degree of difficulty in all companies, the telecommunications sector is the most affected according to what is indicated by the auditing firm Ernst and Young. Additionally, the telecommunications sector of the advanced mobile service focused on our case study is made up of three entities, of which two of them are among the top 20 companies that contribute the most to the State through the payment of Tax on Earnings managed by the Internal Revenue Service.