Note X – Subscription Based Information Technology Arrangements (SBITA)
A template for this note is not available. See “Instructions to preparer:” for disclosures that may be required.
Instructions to preparer:
A government should disclose in notes to financial statements the following information about its SBITAs (which may be grouped for purposes of disclosure) other than short-term SBITAs:
-
A general description of its SBITAs, including the basis, terms, and conditions on which variable payments not included in the measurement of the subscription liability are determined
-
The total amount of subscription assets, and the related accumulated amortization, disclosed separately from other capital assets
Example:
|
|
Beg. Bal. |
Increases |
Decreases |
End. Bal. |
|
Subscription assets |
|
|
|
|
|
Accumulated Amortization |
|
|
|
|
|
Net subscription asset |
|
|
|
|
-
The amount of outflows of resources recognized in the reporting period for variable payments not previously included in the measurement of the subscription liability
-
The amount of outflows of resources recognized in the reporting period for other payments, such as termination penalties, not previously included in the measurement of the subscription liability
-
Principal and interest requirements to maturity, presented separately, for the subscription liability for each of the five subsequent fiscal years and in five-year increments thereafter
Example:
As of December 31, 20XX, the principal and interest requirements to maturity are as follows:
|
Year ended December 31 |
Principal |
Interest |
Total |
|
20XX |
$ |
$ |
$ |
|
20XX |
$ |
$ |
$ |
|
20XX |
$ |
$ |
$ |
|
20XX |
$ |
$ |
$ |
|
20XX |
$ |
$ |
$ |
|
20XX-20XX |
$ |
$ |
$ |
|
20XX-20XX |
$ |
$ |
$ |
|
Total |
$ |
$ |
$ |
-
Commitments under SBITAs before the commencement of the subscription term
-
The components of any loss associated with an impairment (the impairment loss and any related change in the subscription liability)