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The Company:
BED AND LEARN SAS (BedyCasa) with a capital of €143,552
BedyCasa is registered at the National I.T. Commission under the following number: 1239893
Founder: Magali Boisseau
BED AND LEARN (BedyCasa) is registered at the Registry of Commerce and Montpellier groups under the following registration number: 83380236600017
BED AND LEARN(BedyCasa) is registered at the Registry of insurance interims (ORIAS) under the following registration number: 13001516
Headquarters & Office Address:
1348 av de le mer raymond dugrand
Email: email@example.com
Director: Magali Boisseau
Management: Magali Boisseau Becerril, Marc Lavigne, Christelle Goncalves
Conception and creation of the website: Magali Boisseau Becerril
Bedycasa® is a brand functioning at an international level as part of BED AND LEARN company.
This site is provided by the group OVH, found on the main global search engines (Google, Yahoo, Lycos, etc). I.T. Equipment: Cloud server
I.T. team : designated server;
1.1 BedyCasa community platform facilitating the publication of accommodation offers and room rental, either in part or in their entirety and on an international level. BedyCasa thus connects 'travellers' (users renting via the BedyCasa site) and 'hosts' (users wanting to rent out their accommodation via an advert present on the site) determined that they be both moral and real people.
1.2 All reservations on BedyCasa are managed by the General terms and conditional present and by a host-traveller contract, which is implicit to all transactions effectuated on the site and in accordance with the present conditions and respect for the rights and needs of both parties.
1.3 The BED AND LEARN group is not to be held responsible for the rental contract between host and guest, that is between the 'host' member (the user renting out accommodation either in part or in its entirety) and the 'traveller' member (the user reserving by replying to an accommodation offer present on BedyCasa), The BED AND LEARN group cannot be held responsible for any breach in the contract between the host and the guest ('traveller') on either part.
1.4 The BED AND LEARN group does not offer accommodation under its own name and cannot control the legitimacy of the host nor the accuracy of the information in relation to the location and/or the member's profile as well as the content published by users.
1.5 The host must respect the law and legislations of their country concerning accommodation rental conditions relevant to the advertisement posted on BedyCasa. The BED AND LEARN group cannot be held responsible for any disrespect of laws and legal texts of the host's country.
1.6 This service is exclusively reserved for those legally able to comply with French law
1.7 Définitions
– "member": represents everyone who creates an account on the BedyCasa site
– "host": defines a user member who published an accommodation offer on the BedyCasa site.
– "traveller": also previously referred to in the General Conditions section about host-guest contracts, the traveller is defined as a user member who is looking for accommodation or has entered into a confirmed reservation via the BedyCasa site.
– "the host-guest contract" and the rental contract binds the host user and the traveller user as traveller-host, as well as any members travelling in the party.
– "content": represents all text, images, graphics, music, audio, video, or other material.
– "Advert": represent the publication of an accommodation offer on the BedyCasa site.
– "B&l group": represents the diminutive for The BED AND LEARN group.
2.1 The use of the BEDYCASA (of the BED AND LEARN group) Internet site's services as a host, traveller or simply a member means that they accept the present terms and conditions and of sales.
2.2 Subscribing as a user on BedyCasa implies the user's acceptance and respect for the present general terms and conditions of use, the user thus declares to have read and understood the terms and conditions and general use of sale.
2.3 Modifications to the present terms and conditions: The BED AND LEARN group reserves the right to modify the terms, conditions and warning clauses in the present General Conditions of use, under the reserve of French law. As such, The BED AND LEARN group highly recommends that you regular read the present clauses in order to be informed about any future modifications.
2.4 The B&L group reserves the right to remove all members who do not respect the site's general conditions of use.
3.1 To use BedyCasa's services, the user member must proceed to their subscription and take responsibility for the information given on your profile. Each internet user who creates an account on their user space is characterised by an identification account name, and a password. The password allows the internet user to identify and connect themselves to our services is personal and confidential. The user is the sole party responsible for the user of their password. The user takes responsibility in keeping their password secret and not divulging it in any way.
3.2. Inscription on the BedyCasa site is reserved solely for users who are physical and moral people who can be held accountable for their acts by law. As such, minors cannot subscribe on BedyCasa. It is imperative that the user account of a moral person can be legally related to a named, physical person.
3.3 Once subscribed, a user takes responsibility for the information they communicate on the site, all erroneous information in relation to their identity and/or which could cause confusion with another user member of the site implies non-respect of the general conditions of use and a immediate cancellation of the contract between host and traveller. Any similar non-respect of code of ethics on the Internet will also mean immediate removal from the site.
3.4 By inserting an image or photo onto their profile, user members therefore authorise the BED AND LEARN group to re-use their content and in particular their photos and images for all supporting advertisements relative to the promotion of BedyCasa. Inserting images means that the user accepts their diffusion
3.5 BED AND LEARN group reserves the right to refuse access to all or any part of the Bedycasa.com website to any internet user, unilaterally and without any prior notification, notably in the instance of any violation against the present legal conditions by the internet user.
4.1 The user must give precise and correction information concerning their account and update it regularly via their personal user space. The user takes responsibility for any information they communication on the site, and the BED AND LEARN group cannot be held responsible for any consequences of information given, be this erroneous or incomplete on the part of the user. The user must also complete declaration documents concerning the information given on their user account if demanded by the BED AND LEARN group.
4.2 All user account information is personal and confidential, the user must therefore take responsibility for keeping this confidential.
4.3 The user must respect the proper functioning and usage the site and its service In no instance should an action on their part hinder the effective functioning and security of the site. The BED AND LEARN group reserves the right to block access and definitively remove the account of any malicious user on BedyCasa.
4.4 Users are forbidden to communicate:
– any false or incorrect information.
– any information which could be deemed as offensive towards race, ethnicity or which has a poltical, philosophical or religious stance, affiliated to a union, concerning sexuality, or health against good moral standing and the law.
4.5 Contact details and moderations on BedyCasa: connection with others is free on BedyCasa how all personal contact details should not and cannot be transmitted without authorisation from the BED AND LEARN group before a confirmed reservation on the site. An intelligent moderating system as well as BedyCasa personnel regularly monitors profiles, descriptions and conversation exchanges between members and reserve the right to delete any personal contact information given before the reservation has been confirmed. Certain members on the BedyCasa site have also expressed that they do not wish for their contact details to be diffused before this point of confirmed reservation. We thank you in respecting this. When you subscribe to the BedyCasa site (and all extensions of the site), you accept that your communication could be looked at and controlled by site administrators.
5.1 The host member on BedyCasa make available to all travellers-hosts and together those part of the rental contract between host and traveller, a rental offer which exists and is consistent with the description on BedyCasa. The host member must respect the laws and texts put into place concerning the rental of their accommodation, in part or in entirety, or whether they the landlord, tenant authorised by their landlord to sublet all or a part of their accommodation, or an authorised agent of the landlord of said accommodation. The BED AND LEARN group cannot be held responsible for the host's conformity to laws and legislations in place in the country concerned.
5.2 The host user member commits to verifying the content of their advertisement and regularly updating it in any instance of moving address or any change to their personal contact details.
5.3 The host member on BedyCasa is aware that a commission of 15% of the price listed on their advertisement is rendered to BedyCasa's service fees. This commission will be further added during the payment process. The host member must therefore verify their tariffs around their fixed price on BedyCasa, taking into account the 15% commission. The host member will receive as such a net host gain of 85% of their fixed price on BedyCasa for reservations with this minimal commission and once accepted by BedyCasa personnel.
5.4 The host member takes responsibility for the general conditions of use of BedyCasa and BedyCasa vows to treat this member equal to all other members on BedyCasa exclusively by a site mediator, the host member understands that they accept and respect to pass through the BedyCasa system to be directly connected to another BedyCasa member. In any instances of negligence, BedyCasa reserves the right to immediately and definitively remove the offer with its content on the site and the account of the user concerned.
5.5 With the acceptance of each reservation on BedyCasa, the host member verify the request before acccepting it: checking their availability for that period of stay concerned, the price listed on the site and the host net gain that they will receive, the accuracy of the accommodation address reserved by the member who will be staying there and their personal contact details, together with the responsibilites and services mentioned on their advertisement or that which has been specified during conversation about said reservation.
5.6 After accepting a reservation, the host member cannot modify their price which they have listed for that reservation request, to which is stated in article 5.4 above about verifying their prices and the net the host can gain for that reservation upon accepting it. After accepting the reservation the host vows to take responsibility for their advertisement and its engagements as well as the conversation exchanges with the other traveller/host member if no information contrary to this engagement was mentioned before the acceptance of said reservation such as for example the arrival/depart check-in/check-out times, the services included within the price etc.
5.7 Photos of the accommodation proposed by the host on BedyCasa: by uploading images and photos onto their profile and/or advertisement(s), the host authorises the BED AND LEARN group to re-use their content and in particular their photos on all supporting publicities relevant to the promotion of BedyCasa. By inserting images, the host accepts thus accepts their diffusion.
5.8 The host is the only one responsible for the content, photos and information that are published on their advertisement. As such any image diffused on their profile and/or their advertisement(s) and which could be re-used by BedyCasa, BedyCasa cannot be held responsible for any third party's usage. BedyCasa cannot be held responsible in any instance of third party interception concerning all content, photos and images uploaded by users.
5.9 The host must respect the articles and laws in place in their country concerning legal and fiscal legislations for accommodation rental in part or total. The host is the only person responsible for any incidences with the landlord concerning any non-authorised subletting.
5.10 All host member who adhere to receive payment through BedyCasa's 'trusted third party' for their accommodation, which can be validated upon the traveller's arrival with a 'reservation code' (4 digit code) pre-registered and sent to the traveller in a confirmation email after the host has accepted the reservation. The host always receives a reminder email asking them to confirm the traveller's arrival the day after their arrival date envisaged for the concerned reservation. The host member has up to a month after the specified arrival date to demand to have their payment transferred having registered the bank details or their Paypal account. If the host does not fulfil this within the time limit, they are no longer within their rights to demand for their payment transfer (unless there are justified forces majeures).
5.11 The host member on BedyCasa cannot ask for payment for a deposit ahead of the reservation date agreed. All deposit requests must be effectuated only when and only if the traveller arrives at the reserved accommodation.
6.1 Like all user members on BedyCasa, a host-traveller user on BedyCasa must insure the information given on their user account is truthful. If the user is acting under another name on the account, the gender and the first name of the host-traveller requesting the stay must be told to the host before they accept their reservation on the Internet site. The host-guest contract will void if the host was not made aware of the host/traveller's identity and if this identity is found to be different to that of the user's account having edited the reservation or if that identity is then erroneous on BedyCasa. The traveller/host user will not be eligible for a refund in any instance of void of the contract for the reasons mentioned above. The user member traveller/host must be able to present a copy of a form of their identity upon the host user's demand at any time during the stay reserved via BedyCasa. All of BedyCasa's user member must respect these codes of ethics put into place on the Internet.
6.2 Traveller/guest members on BedyCasa must respect the host-guest contract as well as all their host's lifestyle choices and household rules mentioned on the description before the reservation.
6.3 At the end of the host-guest contract, and as such at the finalisation of the reservation, the traveller will pay a down payment for or all of the total for the rental determined by the payment type chosen by the host prior to the reservation request. The rental price consists of the accommodation total, and BedyCasa's fixed service charge rate of 3.90 euros; on each reservation and insurance too if the traveller/guest has opted to take out insurance with their reservation request. The traveller/guest must also accept the reservation process and system on BedyCasa and the bank authorisation demand effectuated on their bank account or on their Paypal account.
6.4 The payment type cannot be chosen by the traveller, is it solely that of the host user.
6.5 BedyCasa cannot be held responsible for any delay in bank autorisation effectuated with their bank card or their Paypal account resulting from the banking institution, the bank card holder or the company Paypal when using a Paypal account and any other being independent from the BED AND LEARN group.
6.6 The Disposition between travellers in different countries: the traveller-guest member is the only person responsible for the requirement relative to their travel (e.g. passport, visa, vaccinations etc.), they must also consult themselves about the Embassy or their Consulate in the country concerned (a useful link can be found at: http://www.embassyworld.com/.)
6.7 A reservation attempted with an account with a minor will not be effectuated, but rather only via a major's user account with somebody who can have legal responsibility over the minor concerned.
6.7.a Minors who wish to leave the territory alone must refer to this article https://www.service-public.fr/particuliers/vosdroits/F1359 and download the Cerfa form.
6.7.b Minors are not permitted to drink alcohol unless the country of destination's legislation allows
6.7.c Minors under the age of 16 years old are not authorised to go out alone (unaccompanied) during the evening except during school trips or if the country of destination's legislation allows it
6.7.d All minors between the ages of 16 and 18 years old may go out in the evening until 1:00am, but only during the weekend- and only if the country and destination's legislation allows it
6.7.e Minors are not authorised to travel alone in the country of destination or around and out of it- except in exceptional circumstances where the parent assume fully responsibility for such action
6.8 Damages infringed at the accommodation
Except in exceptional circumstances as mentioned in the present general conditions of use, exchange correspondence between BED AND LEARN group users are conducted by electronic mail
In the application the articles 1316 and in following Civil Code and, where necessary, article L.110-3 of the Code of Commerce, parties declare that information delivered by electronic mail is done with faith between parties in the sense that nothing written to the contrary authenticated and signed can put into doubt the information sent can be produced.
8.1 Cancellations by the traveller via payment with BedyCasa BedyCasa (100% paid upon reservation confirmation).
a. Cancellations for more than 10 days before the expected arrival date:
a.1 The traveller/tenant will be refunded 70% of the total stay, retained from the outstanding 30% on the total amount for the accommodation with an added 3.90 euros for the fixed fees rate on each reservation. A part of the stay will be refunded to the host user member who had blocked off the room for the traveller/tenant member.
a.2 The host member is given 15% compensation from the total sum of the accommodation in any case of the traveller cancelling 10 days or more before the traveller's expected arrival date.
b. Cancellations between 10 days and 2 days before the expected arrival date.
b.1 The traveller/tenant will be refunded 50% of the total stay, retained from the outstanding 50% on the total amount for the accommodation with an added 3.90 euros for the fixed fees rate on each reservation. A part of the stay will be refunded to the host user member who had blocked off the room for the traveller/tenant member.
b.2 The host member is given 30% compensation from the total sum of the accommodation in any case of the traveller cancelling between 10 days and 2 days before the traveller's expected arrival date.
c. Cancellations less than 2 days before the expected arrival date and during the stay:
c.1 It will not be possible to refund the traveller/tenant member, we consider this type of cancellation as a last minute cancellation.
c.2 The host member will be given 70% compensation of the total sum of the accommodation in any case of the cancellation by the traveller effectuated less than 2 days before the expected arrival date.
d. The host has up to a month starting from the cancellation date of the reservation to demand their compensation . If Bedycasa is not made aware of the cancellation, the month notice is taken from the reservation date.
e. Cancellation and Europ Assistance Insurance: la souscription à l'assurance lors de la demande de réservation permet au voyageur de prétendre au remboursement de la différence si les raisons de son annulation sont garanties par le contrat d'assurance, le voyageur-hébergé-assuré devra fournir l'ensemble des documents et prendre contact avec l'assureur dans les délais mentionnés sur le contrat d'assurance. Les frais d'assurance ne sont quant à eux non remboursables.
8.2 Cancellations be the traveller for payment on arrival (down payment paid by the traveller upon reservation request):
a. Compensations settled through BedyCasa cannot be refunded by the BED AND LEARN group to the traveller when the cancellation is initiated by the traveller.
b. Cancellation and Europ Assistance Insurance: subscribing to insurance when making a reservation request allows the traveller to claim for a compensation refund which can be settle if the reasons for their cancellation are covered by the insurance contract terms and conditions, the traveller/tenant/insured member must produce the necessary documents and get in touch with the insurer within the time scale mentioned on the insurance contract. Insurance fees are non-refundable.
c. No compensation can be given to the host if they have chosen the payment on arrival option.
8.3 Cancellation by the host member on BedyCasa with payment through BedyCasa
a. For all hosts who have opted for payment through BedyCasa's "trusted third party" for the stated reservation, the cancellation conditions are as follows:
a.1 The host member should contact the BedyCasa customer services by sending an email to firstname.lastname@example.com and should also contact the traveller concerned for the cancellation. The reason for the host's cancellation must also be justified.
a.2 All cancellations by the host will be subject to a penalty of 15% on the accommodation price of the next reservation payment made to them following the cancellation. The host will therefore receive 70% of the total amount for their accommodation upon the next reservation booking following the cancellation compared to the usual 85% they would normally receive
a.3 If the host fails to justify a cancellation with a reason accepted by theBED AND LEARN group or if the BED AND LEARN group deems it that there been too many cancellations by the same host member, the BED AND LEARN group reserves the right to remove this host member without warning.
b. Remboursement au voyageur suite à une Annulation Hébergeur.
b.1 BedyCasa's services after point of sale offer help in finding an alternative solution for the traveller if their reservation is cancelled by the host member who can no longer receive them for the dates in question. The traveller will be entirely refunded for the cancellation effectuated by the host and with the choice of travel credit on BedyCasa they can reserve another accommodation of their choice, or via bank transfer following the registering of their bank details.
Bedycasa vous propose le système de paiement sécurisé PAYBOX DIRCET PLUS.
Payment security
The payment method offered through BedyCasa is SSL secure.
This is a standard payment protocol which is recognized throughout the world for the protection of data transmitted via the Internet. It is available on practically all browsers (Internet Explorer V3.02 and subsequent versions of Microsoft, Navigator V1.1 and subsequent versions of Netscape, Firefox…).
The card information that you give (e.g. card number, expiry date etc.) are encrypted before being sent to your e-transactions payment host server.
10.1 Traveller Insurance EUROP ASSITANCE.
The traveller is given the free choice as to whether they subscribe to contracted insurance with Europ Assistance which is run via ALBINET offices on the BedyCasa site, covering the possible risks when renting via BedyCasa between traveller and host as well as insuring the traveller, under the following conditions. Europ Assistance's general terms and conditions are available on BedyCasa on the following pages, the documentation to complete for your insurance can also be found on the website.
All demands or insurance claims are effectuated directed through ALBINET offices.
10.2 PROPERTY INSURANCE: Host User Member
All host members must thoroughly insure their property and ensure they have suitable insurance cover for the accommodation being rented for the entire duration that this accommodation is available to rent via BedyCasa.
EUROP ASSISTANCE Traveller insurance offers travellers and from that which is written in article 8.1 of the present General conditions of use only cover damages caused to the accommodation by the traveller/tenant who has taken out insurance for the specified reservation.
11.1 Payment for a reservation for the traveller/tenant member: The traveller/tenant member must complete all their reservation via the reservation system offered by BedyCasa. This will be effectuated by the payment method chosen by the host, with the entire stay paid for through BedyCasa when choosing the payment through BedyCasa option or a simple down payment if choosing payment on arrival. Payment methods accepted on BedyCasa are: 1. Bank card (Debit, Visa, Masterard) 2. PayPal.
11.2 The debit of the amount to be paid on BedyCasa will be effectuated as soon as the host accepts the reservation following approval from the bank or from PayPal for an payment authorisation, once the reservation request has been submitted by the traveller/tenant.
11.3 For all Card payments, the BED AND LEARN group uses the secure payment system: PAYBOX DIRECT PLUS, which works as a SSL secure payment. This payment protocol is a standard procedure and one which is known across the world for the protection of data transmitted on the Internet. This is available on nearly all navigator systems (Internet Explorer V3.02 and others from Microsoft, Navigator V1.1 and others from Netscape, Firefox, Chrome, etc.). The card data which you insert (e.g. card number, expiry date, etc.) are encrypted before being sent to your e-payment transactions
11.4 Already mentioned in article 6.5 of the present General Conditions of use, the BED AND LEARN group cannot be held responsible for any delay in bank authorisation with bank card or on a traveller/tenant's PayPal account, this delay is the result of the user's bank or PayPal as this account run independent to the BED AND LEARN group.
11.5 BedyCasa works in a way in which the site allows you to consult the total amount for fees on different adverts and in different foreign currencies on the payment page. The user member should understand that the conversion undertaken for a quote of their choice is not for information purposes and that the final rate could be different to that displayed by the user member. As a traveller/tenant member, you will be informed of the payment amount on the payment page for the reservation concerned, and this is the rate chosen by the host. Exchange fees applied to a payment for each different quote for that of your country of residence are independent and the BED AND LEARN group cannot take charge of them We advise you to take up this problem with your bank.
12.bis.1 PAYMENT CONDITIONS
12.bis.1.1 Eligibility Conditions:
Payment for reoccurring reservations will be applied to stays of 75 consecutive nights and over, only in cases where such reservations have been paid for via BedyCasa. This is not applicable for payments on arrival, unless the traveller requests their host to change their status to 'temporary payment' on BedyCasa.
12.bis.1.2 Initial Payment:
Initial payment concerns payment for the first two periods*.
12.bis.1.3 Automatic Payment for the following periods:
Payment will be automatically debited at the start of each of the following periods* unless the traveller states otherwise. The traveller will be notified of their next debit by email.
*Period: the traveller's reservation will consists of several small reservations corresponding to several periods. E.g. a reservation of 3 months from 10th May 2016 until 10th August 2016 would divide into 4 periods:
12.bis.1.4 Payment methods:
The traveller can pay for their long stay (multiple full months), or reoccurring reservation (for example several nights across several months) via card, or via bank transfer upon request by sending an email to: email@example.com.
12.bis.2 PAYMENT CONDITIONS
The host will be paid the day after the start of a new period, as long as the host has entered their reservation code.
12.bis.3 CANCELLATION, REFUND AND DEPOSIT CONDITIONS
You can cancel your stay via BedyCasa or change a pending stay with a host, however charges will be applied depending on the scenario. If these charges correspond to the deposit for the host, the traveller will not be warned.
12.bis.4 CANCELLATION FEES BEFORE LEAVING
12.bis.4.1 Cancellation by the traveller:
12.bis.4.1.1 More than 30 days before leaving date:
The traveller being hosted will be refunded 70% for the first 30 days of the reservation and 100% of the remaining period. Service charges and insurance will not be refunded.The host will be refunded up to 15% for the first 30 days of the reservation.
12.bis.4.1.2 Between 30 and 10 days before leaving date:
The traveller being hosted will be refunded to up 50% for the first 30 days of the reservation and 100% for the remaining period. Service charges and insurance will not be refunded. The host will be refunded up to 15% for the first 30 days of the reservation.
12.bis.4.1.3 Less than 2 days before leaving date:
The traveller being hosted will not be refunded the first 30 days of the reservation because this amount will act as the deposit for the host. Never the less, the traveller being hosted will be refunded up to 100% of the remaining period. The host will be refunded up to 70% for the first 30 days.
12.bis.4.1.4 CANCELLATION FEES DURING STAY
30 days of rent will be retained to act as the deposit for the host. They will be refunded the sum of the days remaining minus those already gone. Service charges and insurance will not be refunded.The host will receive the sum of the 30 nights prior to the traveller leaving.
12.bis.4.2 CANCELLATIONS DUE TO FORCE MAJEUR
For cancellations due to force majeur (illness, loss, natural disasters or all other legitimate reasons) and justification (professional or educational obligations not considered as force majeure), 85% of the cost of the accommodation will be refunded to the traveller. Service charges and insurance will not be refunded.The host will not receive compensation for any force majeur cases.
12.bis.4.3 HOST CANCELLATION
Traveller refund:
BedyCasa's customer service commits to finding an alternative solution for the traveller if the host can no longer accommodate them during the dates planned, and cancels their reservation. The traveller will be integrally refunded (excluding insurance) with either travel credits if they wish to make a new reservation on BedyCasa, or in the form of their payment method for the reservation.
Host penalty:
A 15% penalty on the next reservation will be inflicted to hosts who cancel any paid reservation.
12.bis.5 STAY EXTENSIONS:
If the traveller being hosted wishes to extend their stay with their host longer than initially planned and confirmed, they must inform BedyCasa via email at: firstname.lastname@example.com.
12.bis.6 MINORS
Minors must complete the parental authorisation form and return it to us at firstname.lastname@example.com before confirming any reservation. A copy of this parental authorisation will be sent to the host. Download the form via the following link.
12.bis.7 ACCOMMODATION DECLARATIONS
BedyCasa can produce accommodation declaration forms for travellers so that they can legally justify their accommodation.
Generally, this declaration will allow them to obtain a VISA for the chosen country. This declaration form can be completed for travellers on request, once the host and the traveller have agreed upon the accommodation conditions. In which case the accommodation can be pre-reserved on BedyCasa with the host's agreement (blocking the calendar on their account) whilst the traveller obtains their papers.
12.bis.8 VISA
In the case of VISA requests for students outside of the European Community, BedyCasa can produce an accommodation declaration form (see paragraph on ACCOMMODATION DECLARATIONS). You can select this option for accommodation and BedyCasa will complete the accommodation declaration form with agreement from the host in order to help you obtain a VISA.
In the case of any VISA being refused and the accommodation has been paid for in advance with proof, the cancellation before leaving conditions will be applied. Service charges and insurance will not be refunded.
12.bis.9 INSURANCE
BedyCasa offers the option of multi-risk insurance. This insurance is strongly recommended for long stays. BedyCasa is not responsible for any incidents of stolen or damaged items during stays.
12.1 Feedback after the stay: we strongly recommend that all BedyCasa user members as a traveller/tenant evaluate the host member and the accommodation reserved through BedyCasa and respectively as a host to evaluate the traveller/tenant in reference to their reservation. Feedback in the community is a sign of trust and credibility of the accommodation and its host on the one hand, and the traveller/tenant on the other. The B&L group works to display a collection of comments on BedyCasa following a stay, but also reserves the right to remove any comment, be it positive or negative in any case of doubt on the part of its author.
12.2 Evaluating friends: on BedyCasa, a user member can ask for a recommendation at any time from their friends simply by sending an email request, this recommendation will then act as a reference for the concerned user. Comments about reservations on a stated accommodation, about other accommodation a user has, or otherwise can be found under different window headings on BedyCasa via the feedback section in order to organise information for the visitor.
12.3 World Family label and World Traveller label: The World Family Label is awarded to all host user members on BedyCasa after receiving three positive evaluation after reservation of their accommodation advertisement. The World Traveller label is awarded to all traveller/tenant users after receiving three positive evaluation on their member profile after confirmed stays. A user can have both label simultaneously under their profile.
12.4 Feedback to BedyCasa: we happily invite you to send us your feedback (comments and suggestions) about our services and functionality of BedyCasa to help us to continually improve our services and functionality. Send your comments to the following address: email@example.com or you can complete the contact formula section on the BedyCasa website contact page. Via these present General conditions of use you thus accept that all feedback received by BedyCasa can be reused and become BedyCasa's property, you also consent to this of your own free will, international patent, property rights or intellectual rights, moral rights and authorial rights.
13.1 Each user member on BedyCasa has a referral space on their own user account which allows them to invite friends or other that they know who BedyCasa's services as a host or traveller/tenant member.
For each friend subscribed to BedyCasa, thanks to the referral programme on BedyCasa, you have the opportunity to earn BedyCasa Travel Credits on the first transaction effectuated or accepted by the referred member. The BedyCasa Travel Credits act as virtual money which can be used at any time without any minimum spending on the site.
13.2 In order to receive your travel credits, the referral must be considered as admissible, BedyCasa reserve the right to investigate the origins of any referral and the relationship between referrer and referee members. As a referral or referee, you cannot under any circumstances to complete a transaction as a host or traveller/tenant simply in order to gain travel credits.
13.3 The travel credit rewards on BedyCasa via the referral programme are as follows:
The referrer user member will receive 5 travel credits for their first reservation as a traveller/tenant for each of their referees.
The referrer user will receive 10 travel credits for their first reservation accepted as a host member for each of their referees.
The referrer user member can hope to gain a maximum of €15 for each of their referees who subscribe via the referral programme.
The referrer user will receive 5 travel credits once their subscription is complete at any time and without any minimum spend condition on BedyCasa.
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&bull ; Difficulties relating to access and the way these websites are operated
As such, BED AND LEARN will not be held responsible in any cases of disputes occurring between the service provider named in the index on Bedycasa.com and users. Users of the trading sites referenced by Bedycasa.com are solely responsible in observing all the regulations applicable to products or services offered to users, and in particular to the laws and regulations relating to::
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18.1.1 The Loyalty programme is open to users aged 18 and over subscribed to BedyCasa. The Loyalty Programme is not open to businesses, associations or any other form of group. The user must have a valid email address and agree to the general terms and conditions, certifying to the truth of their contact details used on BedyCasa.
18.1.2 All pseudonyms, or usage of a BedyCasa user account acting under another name, could be subject to having their accumulated and offered nights taken away.
18.1.3 All fraudulent usage of an account or that which goes against the present general terms and conditions of use could result in an irrevocable cancellation, which could be effectuated without prior warning, of a user's nights accumulated and offered or any other loyalty benefits they have received.
18.1.4 The removal of a user's account also means the removal of any future nights accumulated as well as any other loyalty benefits linked to the Loyalty Programme. Nights offered as Travel Credits (benefits for host's loyalty) cannot be sold, given away or transferred to another user's account.
18.1.5 Nights offered will expire in 6 month (180 days) after the creation of night offered on the user's Loyalty Program.
18.1.6 Host benefits in the form of Travel Credits will become unusable 12 months after the removal of and/or inactivity of the user's advertisements.
18.1.7 The BedyCasa Loyalty Programme does not have an end date and remains in existence until the day BedyCasa-BED AND LEARN decides to end it. BedyCasa reserves the right to terminate the programme at any time. In such an instance, an alert would be sent to users giving them a 30 day deadline to use their nights offered and Loyalty Programme benefits. Once this 30 day deadline, after the alert announcing the end of the BedyCasa Loyalty Programme has been reached, all nights pending, accumulated, offered and all other host Loyalty benefits will be lost.
18.1.8 The BedyCasa BED AND LEARN Group reserves the right to modify the present general terms and conditions.
18.2. Host Loyalty Programme.
18.2.1 When receiving reservations as a host for one of your accommodation advertisements registered on BedyCasa, you'll get 5 Travel Credits for every 10 nights accumulated and confirmed at your accommodation.
184.108.40.206 All reservations must be effectuated via the platform; nights will be confirmed 24hrs after the end of each stay proving that the traveller's arrival has been fully confirmed by the host. BedyCasa reserves the right to cancel or to not confirm one or more nights if one or more elements have, or could have, hindered the smooth running of the reservation.
220.127.116.11 Nights are accumulated only on reservations effectuated via the platform itself or with advertisements linked solely to one user account. No transferring of nights accumulated from one user account to another is authorised. Nights will be confirmed onto the Loyalty Programme 24hrs after the end of the traveller's stay and only to reservations where the traveller's arrival was confirmed on the site and where that reservation does not show any signs of peculiarity or contentiousness.
184.108.40.206 BedyCasa reserves the right to invalidate any nights confirmed and as such to withdraw any Travel Credit benefits granted if it is found that the traveller did not in fact remain for the entirety of their reserved stay, or if any peculiarities or contentiousness are uncovered in retrospect.
220.127.116.11 BedyCasa reserves the right to invalidate all or a part of a host's benefits which they received as Travel Credits via the Loyalty Programme in any instances where an advertisement or user account is removed due to non-compliance with the present general terms and conditions of use, or due to erroneous contact details or any mal-use of the site which could be seen by BedyCasa as prejudice.
18.2.4 Night stays from reservations made outside the Loyalty Programme cannot be taken into account as well as those made before the creation of the Loyalty Programme. Only reservations made and confirmed after the Programme's creation can be accepted.
18.2.5 From your user account space you can at any time consult the nights pending linked to your reservations for dates of stay which have not yet passed, or for nights which have not yet been confirmed, as well as nights which have been confirmed and also see what benefits you've already gained on the Loyalty Programme. If you need any assistance, our customer service team are here to help and you can get in touch with us by email or telephone via the Contact Us page.
18.2.6 Travel Credits are considered to hold the value of the amount displayed at the time when they were used for a transaction.
18.3. Traveller Loyalty Programme
18.3.1 Nights are accumulated solely on reservations effectuated via the platform, and with advertisements linked solely to one user account. No transferring of nights accumulated from one user account to another is authorised. Nights will be confirmed onto the Loyalty Programme 24hrs after the end of the traveller's stay and only on reservations where the traveller's arrival was confirmed on the site and where that reservation does not show any signs of peculiarity or contentiousness. The other people travelling within the party for that reservation cannot accumulate nights, and the number of nights accumulated has no relation to the number of people travelling in the party either.
18.3.2 In instances of using a night offered for a reservation where the price is lower than the value of the free night, you are not able to render the difference in any form, be it in cash, credit or any other means.
18.3.3 In instances of using a night offered for a reservation where the price is higher than the value of the night offered, you are obliged to make up the difference to reach the total for that reservation.
18.3.4 Used night offered are not showed in the Loyalty Programme. As such if you make a reservation for seven nights and use one night offered, only six nights will be shown in your Loyalty Programme. This remains the case even if the value of your nights offered are less than the value of the nights in question.
18.3.5 Night stays from reservations made outside the Loyalty Programme cannot be taken into account as well as those made before the creation of the Loyalty Programme. Only reservations made and confirmed after the Programme's creation can be accepted.
18.3.6 From your user account space you can at any time consult the nights pending linked to your reservations for dates of stay which have not yet passed or for nights that have not yet been confirmed, as well as nights which have been confirmed, and also see what benefits you've already gained on the Loyalty Programme. If you need any assistance, our customer service team are here to help, and you can get in touch by email or telephone via the Contact Us page.
18.3.7 Once 10 nights have been accumulated and confirmed on your Loyalty Programme, one free night offered will be accredited to your Loyalty Programme to be used (when you choose) on one of your next reservations solely for accommodation advertisements where the host has chosen the payment through BedyCasa option. For all other offers where the host has chosen the payment on arrival option (payment due upon the traveller's arrival at the accommodation), night offered cannot be used and will not be given as an option at the reservation completion stage.
18.3.8 The value of the nights offered is calculated by adding the value of the ten night's stay (excluding BedyCasa service fees, insurance and other addition services), taken in chronological order of the nights confirmed onto your Loyalty Programme, this sum is then divided by ten (10). The value of one night offered is therefore equal to the average of the ten confirmed nights (excluding insurance, BedyCasa services fees and other additional services). When a promotion code or any other discount is used and affects the nightly price for a booking, the price per night offered with the fidelity programme will be changed as well.
18.3.9 As such, to be able to use your night offered, the reservation must have a minimum of one non-offered night. You can only use one night offered for the same stay, this stay should includes six non-offered night.
18.3.10. The value of the night offered will be automatically applied to the most expensive night reserved for your stay.
18.3.11 In any instance of a traveller cancelling a reservation comprising of one night offered, their user account will not be reaccredited.
18.3.12 In any instance of a host cancelling a reservation comprising of one or several nights offered, the traveller's user account will be automatically reaccredited.
18.3.12 In any instance of modification to the date of your reservation, you must contact the BedyCasa team at: firstname.lastname@example.com, and whilst waiting for your first stay to be cancelled by the administration, your night offered will be reaccredited into your BedyCasa account so that you are able to re-launch your search and make reservations, knowing that your can use the night offered.
18.3.14 General conditions state that you cannot use this offer for one or more night's stay in conjunction with any other form of offer.
BedyCasa bills the traveller, fees for each and every, confirmed booking. Those fees are fluctuating according to the price of each accomodation, between 4.90€ and 19.90€.


text: Let's listen to some Classic Metal ONLINE! Metal-Samples is a multimedia metal blog with hundreds of obscure 80's metal albums. Inspired by VibrationsOfDoom site, all posts are published in listen-easy format (streaming). I must thank Strappado's and many other heavy metal blogs for their unselfish metal sharings, making possible the creation of this project. Enjoy!

subset: commoncrawl


text:
How much do you love basketball? Enough to pay your cable bill? Probably Enough to pay $US16 million dollars? Probably not! So you can imagine the surprise of Ohioan Daniel DeVirgilio when he learned TWC tried to do just that.
DeVirgilio learned of what TWC is describing as a "human error" only when he saw that his credit card had been declined for the $US16,409,112 bill—what are you Dan, some sort of pauper? "All I want to do is watch March Madness," DeVirgilio laments. "I didn't really expect to pay $US16 million to watch the Sweet 16."
Well, I guess you don't really love basketball as much as we all thought you did, Dan. [Dayton Daily News]


text:
Mark Hamstra
Mark Hamstra is the content director of Supermarket News covering events and trends in food retailing. Mark joined SN in 2001 as the editor of the Nonfoods section, became the editor of the Retail/Financial section in 2002 and content director in 2014. Prior to joining SN, he had covered the restaurant industry, the drug store industry and the direct marketing industry for other weekly B2B magazines. In his first journalism job, he covered high school and college sports for a small daily newspaper in Colorado.


text:
Can you tell that I am completely itching to get into our new (old) house? I'm literally day dreaming of putting all of our things away in fresh clean cabinets and cupboards. Vowing to keep everything tidy and organized... at first, at least.
This entire Spring Collection is all about Spring Cleaning in a new way. I'm not talking about cleaning out your closet, or your basement - no one wants to do that. I'm talking about taking twenty minutes and updating and freshening things you use everyday - adding a little luxury and style to your home keeping, dish washing and laundry routines.
See the entire Spring Collection, here.
See the entire Spring Collection, here.
Set of All 6, $18.50
I love utilitarian design - things that are purposeful, and beautiful. I'm not big on "decorations" for the sake of decorating... Anyone else feel the same? I can't wait to have these beautiful wooden brushes next to my sink.
These brushes are made in Germany by a very old, family run business. They are of superb quality and very durable.
Each collection includes 6 brushes :
- Soft Scrub Brush, Long Handle
- Rigid Scrub Brush, Long Handle
- Bottle & Vase Scrub Brush, Long Handle
- Copper Pot Scrubber, Short
- Vegetable Brush Scrubber, Short
- Rigid Scrub Brush, Long Handle
- Bottle & Vase Scrub Brush, Long Handle
- Copper Pot Scrubber, Short
- Vegetable Brush Scrubber, Short
I didn't just stop at brushes...
Half of you are going to think I am crazy (you have too much time on your hands, blah, blah...). The other half are going to say - "Yes! This is what I've been looking for!" just like me. I have always wanted clean, fresh bottles with clean fresh labels for every single bottle in my house. As I am still in daydream mode, I thought it would be the perfect time to do this for myself... and like most things, I thought if I want it, there is likely a group (of you!) out there that are on the same page.
It took me about 20 minutes to fill all of the bottles from my collections (Kitchen, Cleaning, Laundry & Bath and Shower) and it was so gratifying to get rid of all of those brightly colored, tacky bottles designed to grab your attention in the Target aisle. Now, when I look under the sink, or in my shower, or in my laundry room I am no longer confronted with those red, black, green, orange and bright blue labels, but these soothing clean bottles. Everything already feels more organized. They can also help us reduce our footprint by buying in bulk (less packaging to recycle) and buying in bulk means running less errands... something I detest. Have I convinced you yet? You know you will love them.
I designed the packaging to be subtle and classic - no bright colors or distracting labels to take away from your beautiful kitchen. These bottles come empty, ready to be filled with your favorite products.
Dish Soap : I like to use an all natural, unscented soap and add my own essential oils (I'll share a post at some point), but you can use your favorite... maybe one of the brightly labeled, but works really well kind.
Counter Spray : I usually fill mine with 1 part meyer lemon counter spray to 3 parts water. This helps me stretch the price of the counter spray (so I don't feel like I have to skimp when using) and it is nice to not have such an overwhelmingly strong scent.
Hand Soap : You can put any of your favorite hand soap in here.
Pots & Pans : I fill mine with Bar Keepers Friend liquid. I like having it in this little squeeze bottle versus that big messy bottle with the powder. The liquid version works just as great. Along with the Mr. Pot Scrubber (part of my Kitchen Brush Collection) and Copper Scrubby, you'll have everything you need to keep you pans looking great.
Disinfecting Spray : You can put any Antibacterial spray in this bottle - like Lysol.
Floor Spray : I like to use good ole fashion Murphy's Oil Soap, 1 part oil soap + 6 parts water. I use it spray my wood floors and use a microfiber mop brush on a daily basis. A water and vinegar mixture works great, too.
Glass Cleaner : I dilute windex for my window and glass cleaner... I don't like the overwhelming chemical smell of the full strength.
Linen Spray : I like to fill mine with 1 part lavender scented spray + 4 parts water. It works great for ironing or freshening sheets and towels.
Stain Treater : You can put anything you'd like in here (like shout or clorox), but I use 1 part Dreft liquid laundry detergent + 3 parts water. I spray anything that looks like it might have a stain when it goes in the hamper and before it goes in the washing machine.
Bathroom Cleaner : I put Soft Scrub in this bottle with the squeeze top for cleaning the bathroom. I will keep it in the laundry room, because that will be next to our bathrooms.
I can't wait until our new shower is tiled and completed. This set of four bottles will look so great and clean in the little nook we have planned - I'm so glad I don't have to put giant liter bottles in there. These bottles are 16oz. so they hold half of a 1 liter (the large size that salon stores carry) and lasts me about 2-3 months. It also frees me up from buying product based on the packaging - now I can buy based on the the best scent and features instead of the label.
Shampoo, Conditioner, Body Wash & Body Lotion
While browsing around some European blogs for linen inspiration, I stumbled upon a particular blog that was everything I was looking for. She is a Norwegian woman living in a charming country cottage. She was talking about her newly discovered love of ironing (not something I share with her!) and her collection of linens (this I do!) - a big stack of fresh blues and whites. Her eclectic stack of blue and white linen tea towels was so chic and effortless, collected, seasonless and timeless, and I thought - Yes, that is what I'm looking for!
I collected these from a couple of sources, so I just wanted you to be aware that there are variances between them, but that is part of the charm : )
Top to Bottom :
- French Blue Stripes Towels, 100% Fine Linen
- French Blue Stripes Towels, 100% Fine Linen
-French Blue Gingham, 100% Fine Linen
- Classic Provencal Stripe Towel, 100% Linen (from LinenMe, Lithowania) : Soft and thick, luxurious linen for special use.
This towel, the French Blue Window Pane Plaid, is from a new source. It is 100% linen, but a thinner linen for everyday use - specifically glassware. It is less expensive than the other linen of linen tea towels, but just as high quality. You'll need a big stack of these - go ahead, clean out your entire drawer of raggedy tea towels.
Woven Throws, $88-95
These Throws are absolutely luscious. They are so so so soft, heavy and cozy - a blanket that you'll love curling up with in your favorite chair. The colors are beautifully perfect for freshening for spring - pale blue, heather grey, navy & cream.
See the entire Easter Collection, here.These Wooden Eggs, Stands and Cups are made by the same workshop that makes my Wooden Candle Holders. I love how they look scattered down the table, or they would look great on a mantle, too. I'm planning to have Emma help me decorate the large "Goose Eggs" to give as gifts. Of course, you could paint them a pale blue or white, too.
Wooden Eggs, Stands & Egg Cups
Wooden Eggs, Stands & Egg Cups
Hen Eggs & Stands : Small Eggs with Stands, Set of 4
Goose Eggs & Stands : Large Eggs with Stands, Set of 2
Egg Cups : Set of 4 egg cups for real eggs (easter/decorated or for breakfast!) or these wooden eggs.Creamware Platter, Set of 2, $45
My Collection of 6 Creamware Platters have been so popular - many of you are hanging them on your wall as an entire collection. I thought you might like a set of 2 platters to keep in your cupboard to actually use ; )
These Creamware platters are medium-sized and work great for serving entrees or an appetizer.
For table settings at home I love little flower arrangements. Large flower arrangements seem to fancy and it is hard to make them look fresh-picked. These little creamware pitchers filled with daffodils, nestled amongst wooden eggs and candles sets a wonderful table for Easter or any spring occasion.
I am looking forward to using them with 1 or 2 large peony blooms in just a couple of months.Blue Bunny Tags, Set of 10, $5
Every season I design a new set of stationery and each season I say it is my favorite - but this time, I mean it.
I LOVE these sweet cards printed on thick natural white cardstock in a pale, muted blue with the white bunny showing through. The Blue Bunnies come in a Small Hanging Tags and folded cards and look so sweet tied on a treat bag or an Easter Basket.
Blue Bunny Folded Cards, Set of 10, $5
The Folded Cards are great for place cards at Easter. I was going for something classic, but clean - can't wait to set a table with these, the wooden eggs and bunches of daffodils.
I've always loved the Little Lamb sugar cookies that were featured in Martha Stewart many years ago. I had my "shapers" create a similar lamb for us this season. We plan to make and decorate some next week - I'll share the post. Emma has plans for pink icing and marshmallow wool...
Above photo from MarthaStewart.com
As always, I've packaged them with a printed card of my cookie recipe and tied with an Everyday Occasions logo ribbon - a great gift.
You all know about my love affair with Vermont. This all natural "Tim's Easter Grass" comes from a farm in Vermont - they are passionate about the environment and the waste that occurs from packaging, like plastic Easter grass. This grass is 100% natural and smells like fresh hay - a very authentic smell for Easter morning : )
1 box = grass for 2 baskets
1 box = grass for 2 baskets
Whew! I hoped you enjoy this rundown of everything new in the store this season. I'll be sharing inspiration posts in the next month with Easter Table Settings, Baskets, Sugar Cookies and Recipes. Thanks for coming along for the ride!


text:
2 cups flour
1/2 cup whole wheat flour
1/2 cup applesauce
3/4 cup light brown sugar
1/4 cup molasses
1/4 cup crystallized ginger, chopped
1 tablespoon ground ginger
2 teaspoons fresh ginger, minced
2 teaspoons baking powder
2 egg whites
Preheat oven to 325. Grease 2 cookie sheets. In a large bowl, mix together applesauce, molasses, sugar and egg whites. Add both flours, crystallized ginger, ground ginger, fresh ginger and the baking powder and mix thoroughly. Drop in 1 tablespoon amounts on the prepared pans, leaving at least one inch space between. Bake 15 minutes or until the cookies are no longer shiny and look "set". Yield: about 18-20 cookies.


text:
IFRS 1 — First-time Adoption of International Financial Reporting Standards
IFRS 1 First-time Adoption of International Financial Reporting Standards sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. The IFRS grants limited exemptions from the general requirement to comply with each IFRS effective at the end of its first IFRS reporting period.
A restructured version of IFRS 1 was issued in November 2008 and applies if an entity's first IFRS financial statements are for a period beginning on or after 1 July 2009.
History of IFRS 1
|September 2001
|Project added to IASB agenda
|History of the project
|31 July 2002
|Exposure Draft ED 1 First-time Application of IFRSs published
|Comment deadline 31 October 2002
|June 2003
|IFRS 1 First-time Adoption of IFRSs issued
|Effective for the first IFRS financial statements for a period beginning on or after 1 January 2004
|30 June 2005
|Amended by Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards and IFRS 6 Exploration for and Evaluation of Mineral Resources (more information)
|A minor amendment to clarify that the exemption in relation to IFRS 6 applies to the recognition and measurement requirements of IFRS 6, as well as the disclosure requirements.
|22 May 2008
|Amended by Amendments to IFRS 1 and IAS 27 — Cost of an Investment in a Subsidiary, Jointly Controlled Entity or Associate
|Effective for annual periods beginning on or after 1 January 2009
|24 November 2008
|Restructured version of IFRS 1 issued
|Effective if an entity's first IFRS financial statements are for a period beginning on or after 1 July 2009
|23 July 2009
|Amended by Additional Exemptions for First-time Adopters (Amendments to IFRS 1) (oil and gas assets, leases). Click for more information.
|Effective for annual periods beginning on or after 1 January 2010
|29 January 2010
|Amended by Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters (Amendment to IFRS 1). Click for more information
|Effective for or annual periods beginning on or after 1 July 2010
|6 May 2010
|Amended by Improvements to IFRSs (accounting policies changes, revaluation basis as deemed cost, rate regulation)
|Effective for annual periods beginning on or after 1 July 2011
|20 December 2010
|Amended by Severe Hyperinflation and Removal of Fixed Dates for First-time Adopters (Amendment to IFRS 1). Click for more information
|Effective for annual periods beginning on
or after 1 July 2011
|13 March 2012
|Amended by Government Loans (Amendments to IFRS 1). Click for more information
|Effective for annual periods beginning on or after 1 January 2013
|17 May 2012
|Amended by Annual Improvements 2009-2011 Cycle (repeat application, borrowing costs). Click for more information
|Effective for annual periods beginning on or after 1 January 2013
|12 December 2013
|Amended by Annual Improvements to IFRSs 2011–2013 Cycle (meaning of effective IFRSs). Click for more information
|Amendment to basis for conclusions only
|8 December 2016
|Amended by Annual Improvements to IFRS Standards 2014–2016 Cycle (Deletion of short-term exemptions for first-time adopters). Click for more information
|Effective for annual periods beginning on or after 1 January 2018
Note: The above summary does not include details of consequential amendments made as the result of other projects.
Related Interpretations
- IFRS 1 supersedes SIC-8 First-time Application of IASs as the Primary Basis of Accounting
Amendments under consideration
Deloitte Guide to IFRS 1 (November 2009)
In November 2009, Deloitte's IFRS Global Office published a revised Guide to IFRS 1 First-time Adoption of International Financial Reporting Standards. The guide was first published in 2004 with the aim of providing first-time adopters with helpful insights for the application of IFRS 1. This second edition has the same objective. We have updated the content to reflect the lessons learned from the first major wave of IFRS adoption in 2005, as well as for the changes to IFRS 1 since 2004. We have structured the guide to provide users with an accessible reference manual:
Click to Download Deloitte's Guide to IFRS 1 (PDF 435k)
Summary of IFRS 1
IFRS 1 First-time Adoption of International Financial Reporting Standards sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements.
Note: An entity that conducts rate-regulated activities and has recognised amounts in its previous GAAP financial statements that meet the definition of 'regulatory deferral account balances' (sometimes referred to 'regulatory assets' and 'regulatory liabilities') can optionally apply IFRS 14 Regulatory Deferral Accounts in addition to IFRS 1. An entity that elects to apply IFRS 14 in its first IFRS financial statements must continue to apply it in subsequent financial statements.
Definition of first-time adoption
A first-time adopter is an entity that, for the first time, makes an explicit and unreserved statement that its general purpose financial statements comply with IFRSs. [IFRS 1.3]
An entity may be a first-time adopter if, in the preceding year, it prepared IFRS financial statements for internal management use, as long as those IFRS financial statements were not made available to owners or external parties such as investors or creditors. If a set of IFRS financial statements was, for any reason, made available to owners or external parties in the preceding year, then the entity will already be considered to be on IFRSs, and IFRS 1 does not apply. [IFRS 1.3]
An entity can also be a first-time adopter if, in the preceding year, its financial statements: [IFRS 1.3]
- asserted compliance with some but not all IFRSs, or
- included only a reconciliation of selected figures from previous GAAP to IFRSs. (Previous GAAP means the GAAP that an entity followed immediately before adopting to IFRSs.)
However, an entity is not a first-time adopter if, in the preceding year, its financial statements asserted:
- Compliance with IFRSs even if the auditor's report contained a qualification with respect to conformity with IFRSs.
- Compliance with both previous GAAP and IFRSs.
An entity that applied IFRSs in a previous reporting period, but whose most recent previous annual financial statements did not contain an explicit and unreserved statement of compliance with IFRSs can choose to:
- apply the requirements of IFRS 1 (including the various permitted exemptions to full retrospective application), or
- retrospectively apply IFRSs in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, as if it never stopped applying IFRSs. [IFRS 1.4A]
Overview for an entity that adopts IFRSs for the first time in its annual financial statements for the year ended 31 December 2014
Accounting policies
Select accounting policies based on IFRSs effective at 31 December 2014.
IFRS reporting periods
Prepare at least 2014 and 2013 financial statements and the opening statement of financial position (as of 1 January 2013 or beginning of the first period for which full comparative financial statements are presented, if earlier) by applying the IFRSs effective at 31 December 2014. [IFRS 1.7]
Adjustments required to move from previous GAAP to IFRSs at the time of first-time adoption
Derecognition of some previous GAAP assets and liabilities
The entity should eliminate previous-GAAP assets and liabilities from the opening statement of financial position if they do not qualify for recognition under IFRSs. [IFRS 1.10(b)] For example:
- IAS 38 does not permit recognition of expenditure on any of the following as an intangible asset:
- research
- start-up, pre-operating, and pre-opening costs
- training
- advertising and promotion
- moving and relocation
- If the entity's previous GAAP had allowed accrual of liabilities for "general reserves", restructurings, future operating losses, or major overhauls that do not meet the conditions for recognition as a provision under IAS 37, these are eliminated in the opening IFRS statement of financial position
- If the entity's previous GAAP had allowed recognition of contingent assets as defined in IAS 37.10, these are eliminated in the opening IFRS statement of financial position
Recognition of some assets and liabilities not recognised under previous GAAP
Conversely, the entity should recognise all assets and liabilities that are required to be recognised by IFRS even if they were never recognised under previous GAAP. [IFRS 1.10(a)] For example:
- IAS 39 requires recognition of all derivative financial assets and liabilities, including embedded derivatives. These were not recognised under many local GAAPs.
- IAS 19 requires an employer to recognise a liability when an employee has provided service in exchange for benefits to be paid in the future. These are not just post-employment benefits (e.g., pension plans) but also obligations for medical and life insurance, vacations, termination benefits, and deferred compensation. In the case of 'over-funded' defined benefit plans, this would be a plan asset.
- IAS 37 requires recognition of provisions as liabilities. Examples could include an entity's obligations for restructurings, onerous contracts, decommissioning, remediation, site restoration, warranties, guarantees, and litigation.
- Deferred tax assets and liabilities would be recognised in conformity with IAS 12.
The entity should reclassify previous-GAAP opening statement of financial position items into the appropriate IFRS classification. [IFRS 1.10(c)] Examples:
- IAS 10 does not permit classifying dividends declared or proposed after the statement of financial position date as a liability at the statement of financial position date. If such liability was recognised under previous GAAP it would be reversed in the opening IFRS statement of financial position.
- If the entity's previous GAAP had allowed treasury stock (an entity's own shares that it had purchased) to be reported as an asset, it would be reclassified as a component of equity under IFRS.
- Items classified as identifiable intangible assets in a business combination accounted for under the previous GAAP may be required to be reclassified as goodwill under IFRS 3 because they do not meet the definition of an intangible asset under IAS 38. The converse may also be true in some cases.
- IAS 32 has principles for classifying items as financial liabilities or equity. Thus mandatorily redeemable preferred shares that may have been classified as equity under previous GAAP would be reclassified as liabilities in the opening IFRS statement of financial position.
Note that IFRS 1 makes an exception from the "split-accounting" provisions of IAS 32. If the liability component of a compound financial instrument is no longer outstanding at the date of the opening IFRS statement of financial position, the entity is not required to reclassify out of retained earnings and into other equity the original equity component of the compound instrument.
- The reclassification principle would apply for the purpose of defining reportable segments under IFRS 8.
- Some offsetting (netting) of assets and liabilities or of income and expense items that had been acceptable under previous GAAP may no longer be acceptable under IFRS.
The general measurement principle – there are several significant exceptions noted below – is to apply effective IFRSs in measuring all recognised assets and liabilities. [IFRS 1.10(d)]
How to recognise adjustments required to move from previous GAAP to IFRSs
Adjustments required to move from previous GAAP to IFRSs at the date of transition should be recognised directly in retained earnings or, if appropriate, another category of equity at the date of transition to IFRSs. [IFRS 1.11]
In preparing IFRS estimates at the date of transition to IFRSs retrospectively, the entity must use the inputs and assumptions that had been used to determine previous GAAP estimates as of that date (after adjustments to reflect any differences in accounting policies). The entity is not permitted to use information that became available only after the previous GAAP estimates were made except to correct an error. [IFRS 1.14]
Changes to disclosures
For many entities, new areas of disclosure will be added that were not requirements under the previous GAAP (perhaps segment information, earnings per share, discontinuing operations, contingencies and fair values of all financial instruments) and disclosures that had been required under previous GAAP will be broadened (perhaps related party disclosures).
Disclosure of selected financial data for periods before the first IFRS statement of financial position
If a first-time adopter wants to disclose selected financial information for periods before the date of the opening IFRS statement of financial position, it is not required to conform that information to IFRS. Conforming that earlier selected financial information to IFRSs is optional.[IFRS 1.22]
If the entity elects to present the earlier selected financial information based on its previous GAAP rather than IFRS, it must prominently label that earlier information as not complying with IFRS and, further, it must disclose the nature of the main adjustments that would make that information comply with IFRS. This latter disclosure is narrative and not necessarily quantified.[IFRS 1.22]
Disclosures in the financial statements of a first-time adopter
IFRS 1 requires disclosures that explain how the transition from previous GAAP to IFRS affected the entity's reported financial position, financial performance and cash flows. [IFRS 1.23] This includes:
- reconciliations of equity reported under previous GAAP to equity under IFRS both (a) at the date of transition to IFRSs and (b) the end of the last annual period reported under the previous GAAP. [IFRS 1.24(a)] (For an entity adopting IFRSs for the first time in its 31 December 2014 financial statements, the reconciliations would be as of 1 January 2013 and 31 December 2013.)
- reconciliations of total comprehensive income for the last annual period reported under the previous GAAP to total comprehensive income under IFRSs for the same period [IFRS 1.24(b)]
- explanation of material adjustments that were made, in adopting IFRSs for the first time, to the statement of financial position, statement of comprehensive income and statement of cash flows (the latter if presented under previous GAAP) [IFRS 1.25]
- if errors in previous GAAP financial statements were discovered in the course of transition to IFRSs, those must be separately disclosed [IFRS 1.26]
- if the entity recognised or reversed any impairment losses in preparing its opening IFRS statement of financial position, these must be disclosed [IFRS 1.24(c)]
- appropriate explanations if the entity has elected to apply any of the specific recognition and measurement exemptions permitted under IFRS 1 – for instance, if it used fair values as deemed cost
Disclosures in interim financial reports
If an entity is going to adopt IFRSs for the first time in its annual financial statements for the year ended 31 December 2014, certain disclosure are required in its interim financial statements prior to the 31 December 2014 statements, but only if those interim financial statements purport to comply with IAS 34 Interim Financial Reporting. Explanatory information and a reconciliation are required in the interim report that immediately precedes the first set of IFRS annual financial statements. The information includes reconciliations between IFRS and previous GAAP. [IFRS 1.32]
Exceptions to the retrospective application of other IFRSs
Prior to 1 January 2010, there were three exceptions to the general principle of retrospective application. On 23 July 2009, IFRS 1 was amended, effective 1 January 2010, to add two additional exceptions with the goal of further simplifying the transition to IFRSs for first-time adopters. The five exceptions are: [IFRS 1.Appendix B]
IAS 39 – Derecognition of financial instruments
A first-time adopter shall apply the derecognition requirements in IAS 39 prospectively for transactions occurring on or after 1 January 2004. However, the entity may apply the derecognition requirements retrospectively provided that the needed information was obtained at the time of initially accounting for those transactions. [IFRS 1.B2-3]
IAS 39 – Hedge accounting
The general rule is that the entity shall not reflect in its opening IFRS statement of financial position a hedging relationship of a type that does not qualify for hedge accounting in accordance with IAS 39. However, if an entity designated a net position as a hedged item in accordance with previous GAAP, it may designate an individual item within that net position as a hedged item in accordance with IFRS, provided that it does so no later than the date of transition to IFRSs. [IFRS 1.B5]
Note: Modified requirements apply when an entity applies IFRS 9 Financial Instruments (2013).
IAS 27 – Non-controlling interest
IFRS 1.B7 lists specific requirements of IFRS 10 Consolidated Financial Statements that shall be applied prospectively.
Full-cost oil and gas assets
Entities using the full cost method may elect exemption from retrospective application of IFRSs for oil and gas assets. Entities electing this exemption will use the carrying amount under its old GAAP as the deemed cost of its oil and gas assets at the date of first-time adoption of IFRSs.
Determining whether an arrangement contains a lease
If a first-time adopter with a leasing contract made the same type of determination of whether an arrangement contained a lease in accordance with previous GAAP as that required by IFRIC 4 Determining whether an Arrangement Contains a Lease, but at a date other than that required by IFRIC 4, the amendments exempt the entity from having to apply IFRIC 4 when it adopts IFRSs.
Optional exemptions from the basic measurement principle in IFRS 1
There are some further optional exemptions to the general restatement and measurement principles set out above. The following exceptions are individually optional. They relate to:
- business combinations [IFRS 1.Appendix C]
- and a number of others [IFRS 1.Appendix D]:
- share-based payment transactions
- insurance contracts
- fair value, previous carrying amount, or revaluation as deemed cost
- leases
- cumulative translation differences
- investments in subsidiaries, jointly controlled entities, associates and joint ventures
- assets and liabilities of subsidiaries, associated and joint ventures
- compound financial instruments
- designation of previously recognised financial instruments
- fair value measurement of financial assets or financial liabilities at initial recognition
- decommissioning liabilities included in the cost of property, plant and equipment
- financial assets or intangible assets accounted for in accordance with IFRIC 12 Service Concession Arrangements
- borrowing costs
- transfers of assets from customers
- extinguishing financial liabilities with equity instruments
- severe hyperinflation
- joint arrangements
- stripping costs in the production phase of a surface mine
Some, but not all, of them are described below.
Business combinations that occurred before opening statement of financial position date
IFRS 1 includes Appendix C explaining how a first-time adopter should account for business combinations that occurred prior to transition to IFRS.
An entity may keep the original previous GAAP accounting, that is, not restate:
- previous mergers or goodwill written-off from reserves
- the carrying amounts of assets and liabilities recognised at the date of acquisition or merger, or
- how goodwill was initially determined (do not adjust the purchase price allocation on acquisition)
However, should it wish to do so, an entity can elect to restate all business combinations starting from a date it selects prior to the opening statement of financial position date.
In all cases, the entity must make an initial IAS 36 impairment test of any remaining goodwill in the opening IFRS statement of financial position, after reclassifying, as appropriate, previous GAAP intangibles to goodwill.
The exemption for business combinations also applies to acquisitions of investments in associates, interests in joint ventures and interests in a joint operation when the operation constitutes a business.
Deemed cost
Assets carried at cost (e.g. property, plant and equipment) may be measured at their fair value at the date of transition to IFRSs. Fair value becomes the 'deemed cost' going forward under the IFRS cost model. Deemed cost is an amount used as a surrogate for cost or depreciated cost at a given date. [IFRS 1.D6]
If, before the date of its first IFRS statement of financial position, the entity had revalued any of these assets under its previous GAAP either to fair value or to a price-index-adjusted cost, that previous GAAP revalued amount at the date of the revaluation can become the deemed cost of the asset under IFRS. [IFRS 1.D6]
If, before the date of its first IFRS statement of financial position, the entity had made a one-time revaluation of assets or liabilities to fair value because of a privatisation or initial public offering, and the revalued amount became deemed cost under the previous GAAP, that amount would continue to be deemed cost after the initial adoption of IFRS. [IFRS 1.D8]
This option applies to intangible assets only if an active market exists. [IFRS 1.D7]
If the carrying amount of property, plant and equipment or intangible assets that are used in rate-regulated activities includes amounts under previous GAAP that do not qualify for capitalisation in accordance with IFRSs, a first-time adopter may elect to use the previous GAAP carrying amount of such items as deemed cost on the initial adoption of IFRSs. [IFRS 1.D8B]
Eligible entities subject to rate-regulation may also optionally apply IFRS 14 Regulatory Deferral Accounts on transition to IFRSs, and in subsequent financial statements.
IAS 19 – Employee benefits: actuarial gains and losses
An entity may elect to recognise all cumulative actuarial gains and losses for all defined benefit plans at the opening IFRS statement of financial position date (that is, reset any corridor recognised under previous GAAP to zero), even if it elects to use the IAS 19 corridor approach for actuarial gains and losses that arise after first-time adoption of IFRS. If a first-time adopter uses this exemption, it shall apply it to all plans. [IFRS 1.D10]
Note: This exemption is not available where IAS 19 Employee Benefits (2011) is applied. IAS 19 (2011) is effective for annual reporting periods beginning on or after 1 January 2013.
IAS 21 – Accumulated translation reserves
An entity may elect to recognise all translation adjustments arising on the translation of the financial statements of foreign entities in accumulated profits or losses at the opening IFRS statement of financial position date (that is, reset the translation reserve included in equity under previous GAAP to zero). If the entity elects this exemption, the gain or loss on subsequent disposal of the foreign entity will be adjusted only by those accumulated translation adjustments arising after the opening IFRS statement of financial position date. [IFRS 1.D13]
IAS 27 – Investments in separate financial statements
In May 2008, the IASB amended the standard to change the way the cost of an investment in the separate financial statements is measured on first-time adoption of IFRSs. The amendments to IFRS 1:
- allow first-time adopters to use a 'deemed cost' of either fair value or the carrying amount under previous accounting practice to measure the initial cost of investments in subsidiaries, jointly controlled entities and associates in the separate financial statements
- remove the definition of the cost method from IAS 27 and add a requirement to present dividends as income in the separate financial statements of the investor
- require that, when a new parent is formed in a reorganisation, the new parent must measure the cost of its investment in the previous parent at the carrying amount of its share of the equity items of the previous parent at the date of the reorganisation
Assets and liabilities of subsidiaries, associates and joint ventures: different IFRS adoption dates of investor and investee
If a subsidiary becomes a first-time adopter later than its parent, IFRS 1 permits a choice between two measurement bases in the subsidiary's separate financial statements. In this case, a subsidiary should measure its assets and liabilities as either: [IFRS 1.D16]
- the carrying amount that would be included in the parent's consolidated financial statements, based on the parent's date of transition to IFRSs, if no adjustments were made for consolidation procedures and for the effects of the business combination in which the parent acquired the subsidiary or
- the carrying amounts required by IFRS 1 based on the subsidiary's date of transition to IFRSs
A similar election is available to an associate or joint venture that becomes a first-time adopter later than an entity that has significant influence or joint control over it. [IFRS 1.D16]
If a parent becomes a first-time adopter later than its subsidiary, the parent should in its consolidated financial statements, measure the assets and liabilities of the subsidiary at the same carrying amount as in the separate financial statements of the subsidiary, after adjusting for consolidation adjustments and for the effects of the business combination in which the parent acquired the subsidiary. The same approach applies in the case of associates and joint ventures. [IFRS 1.D17]