On 1 January 20X1, Raiser plc. took a loan from BeeBank (at market conditions) amounting to 50 mil. with the interest of 7% p.a. to be paid in arrears on 31 December each year. Final maturity of the loan is on 31 December 20X7 and Raiser paid the fee of 500 000 covering the bank's costs for assessment of Raiser's financial situation, opening the loan facility and drafting the loan contract.
During 20X5, Raiser suffers financial difficulties and the bank agrees to modify the existing loan. On 1 January 20X6, new terms are agreed as follows:

- Raiser will not pay any interest for the years 20X6 and 20X7

-from 20X8, Raiser will pay the interest of 8.5%

-the final maturity date is postponed to 31 December 20X10

- Raiser needs to pay the fee of 400 000 related to the modification of the loan contract.

How should this transaction appear in the financial statements of Raiser?

The same example as before - however, the new terms are agreed on 1 January 20X6 as follows:

- Raiser will not pay any interest for the years 20X6 and 20X7

-from 20X8, Raiser will pay the interest of 13%

-the final maturity date is postponed to 31 December 20X13

- Raiser needs to pay the fee of 400 000 related to the modification of the loan contract.

Fair value of the new loan based on the similar loans is 50 500 000.

How should this transaction appear in the financial statements of Raiser?