X hits on this document

51 views

0 shares

0 downloads

0 comments

2 / 15

IFRS 7 REQUIREMENT

WHERE INCLUDED IN PROFORMA ACCOUNTS

(if likely to arise)

SIGNIFICANCE OF FINANCIAL INSTRUMENTS

Statement of financial position

Categories of financial assets and financial liabilities

8. The carrying amounts of the following categories, as defined in IAS 39, shall be disclosed either in the statement of financial position or in the notes:

(a)Financial assets at fair value through profit or loss, showing separately

(i) those designated as such upon initial recognition and

(ii) those classified as held for trading in accordance with IAS 39

(b) held for trading investments

(c) loans and receivables

(d) available for sale financial assets

(e) financial liabilities at fair value through profit or loss, showing separately:

(i) those designated as such upon initial recognition and

(ii) those classified as held for trading in accordance with IAS 39, and

(f) financial liabilities measured at amortised cost

The disclosures are given in the notes: ‘Other financial assets’ and ‘Other financial liabilities’.  In drawing up those notes, it has been assumed that:

- there will be no financial assets that have been designated as at fair value through profit or loss

- there will be no financial liabilities at fair value through profit or loss

Financial assets or financial liabilities at fair value through profit or loss

9. If the entity has designated a loan or receivable (or group of loans or receivables) as at fair value through profit or loss, it shall disclose:

(a) the maximum exposure to credit risk (see paragraph 36 (a)) of the loan or receivable (or group of loans or receivables) at the end of the reporting period

(b) the amount by which any related credit derivatives or similar

Unlikely to arise

Document info
Document views51
Page views51
Page last viewedFri Jan 20 16:18:28 UTC 2017
Pages15
Paragraphs255
Words4330

Comments