(d) when the entity continues to recognise the assets to the extent of its continuing involvement, the total carrying amount of the original assets, the amount of the assets that the entity continues to recognise, and the carrying amount of the associated liabilities.
14. An entity shall disclose:
(a) the carrying amount of financial assets it has pledged as collateral for liabilities or contingent liabilities, including amounts that have been reclassified in accordance with IAS 39.37(a), and
(b) the terms and conditions relating to its pledge
Unlikely to arise
15. When an entity holds collateral (of financial or non-financial assets) and is permitted to sell or re-pledge the collateral in the absence of default by the owner of the collateral, it shall disclose:
(a) the fair value of the collateral held
(b) the fair value of any such collateral sold or re-pledged, and whether the entity has an obligation to return it, and
(c) the terms and conditions associated with its use of the collateral
Unlikely to arise
Allowance account for credit losses
16. When financial assets are impaired by credit losses and the entity records the impairment in a separate account (eg an allowance account used to record individual impairments or a similar account used to record a collective impairment of assets) rather than directly reducing the carrying amount of the asset, it shall disclose a reconciliation of changes in that account during the period for each class of financial asset.
The reconciliation is provided in the note ‘Povision for impairment of receivables’ (previously known as ‘provision for irrecoverable debts’). It is assumed that, in the NHS, the reconciliation requirement will only arise for receivables therefore no provision has been made for disclosures in respect of any other class of financial asset.
Compound financial instruments with multiple embedded derivatives
17. If an entity has issued an instrument that contains both a liability and an equity component (see IAS 32.28) and the instrument has multiple embedded derivatives whose values are
Unlikely to arise.