What does hive up mean in accounting?
Accounting for a hive up under FRS 102 The term ‘hive up’ is commonly used to describe a type of reorganisation within a group of companies where the net assets of, and business undertaken by, a subsidiary are transferred up into the parent company.
What is a hive up Agreement?
A “hive-up” is an intra-group transfer of a business from a subsidiary company to its parent. It is the transfer of assets and the assumption of liabilities which constitute the business being transferred, rather than a transfer of the shares in the company.
What is a hive down of assets?
A hive down is the transfer of all or part of the business or assets of a company to a new company (the hive down company), followed by a sale of the shares in the hive down company to a third party.
What do you mean by hive?
1a : a container for housing honeybees. b : the usually aboveground nest of bees. 2 : a colony of bees. 3 : a place swarming with activity. hive.
What is a hive out?
A hive out prior to a sale may be considered where target Company has a trade which Purchaser wants but that target Company has been trading for many years, in many different guises and has different trades and historic tax issues or other potential liabilities.
How does a hive down work?
A form of reorganisation of a company whereby a business or businesses are transferred to a subsidiary.
What is hive off in finance?
Definition of ‘hive off’ If someone hives off part of a business, they transfer it to new ownership, usually by selling it.
Why is it called a hive?
Why is a registry file called a “hive”? Because one of the original developers of Windows NT hated bees. So the developer who was responsible for the registry snuck in as many bee references as he could. A registry file is called a “hive”, and registry data are stored in “cells”, which is what honeycombs are made of.
What is hive in simple words?
Hive is designed for querying and managing only structured data stored in tables. Hive is scalable, fast, and uses familiar concepts. Schema gets stored in a database, while processed data goes into a Hadoop Distributed File System (HDFS) Hive supports partition and buckets for fast and simple data retrieval.
What does hive off mean in finance?
phrasal verb. If someone hives off part of a business, they transfer it to new ownership, usually by selling it.
What is hive off corporate action?
2. Shares are allotted to certain of the first company’s shareholders. A demerger is a form of restructure in which owners of interests in the head entity (for example, shareholders or unit-holders) gain direct ownership in an entity that they formerly owned indirectly (the ‘demerged entity’).
Why is hive not working?
Check that your Hive hub is connected to the mains power socket and switched on. 4. Check any Signal Boosters (formerly known as SmartPlugs) you have are switched on and in the recommended location. For Hive Active Plugs check that the electrical device you have plugged into your Hive Active Plug is switched on.
What does it mean to hive up a company?
The term hive up is commonly used to describe a type of restructure within a group of companies when the net assets of, and business undertaken by, a subsidiary are transferred up into the parent company. This helpsheet has been issued by ICAEW’s Technical Advisory Service to help members understand accounting for a hive up under FRS 102.
How to access accounting for a hive up under FRS 102?
To access ‘Accounting for a hive up under FRS 102’ you need to be one of the following: This content is available to ACA students. If you want to start the ACA qualification there are several routes you can take An internationally recognised designation and professional status from ICAEW.
How are Hive ups and intra group loans different?
Hive-ups and intra-group loans Intra-group loans often arise on group reorganisations involving a transfer of business and assets from a subsidiary to its parent – known as a ‘hive up’.
What happens to goodwill and intercompany loans?
1. Goodwill – you may potentially end up with negative goodwill which is never nice! 2. Intercompany loan – you will likely end up with a credit loan in the subsidiary which can’t be cleared by dividend (in the usual fashion). This leaves you a problem if you want to dissolve, liquidate or strike off the sub.
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