(ii) available-for-sale financial assets, showing separately the
amount of gain or loss recognised in other comprehensive income
during the period and the amount reclassified from equity to profit
or loss for the period
(iii) Held-to-maturity investments
(iv) Loans and receivables, and
(v)Financial liabilities measured at amortised cost
(b) total interest income and total interest expense (calculated using the effective interest method) for financial assets or financial liabilities that are not at fair value through profit or loss
(c) fee income and expense (other than amounts included in determining the effective interest rate) arising from:
(i) financial assets or financial liabilities that are not at fair value through profit or loss; and
(ii) trust and other fiduciary activities that result in the holding or investing of assets on behalf of individuals, trusts, retirement benefit plans and other institutions;
(d) interest income on impaired financial assets accrued in accordance with paragraph AG93 of IAS 39; and
(e) the amount of any impairment loss for each class of financial asset.
(ii) The disclosure of the gain or loss recognised directly in equity is given in the Statement of Changes in Taxpayers’ Equity.
The disclosure of the amount transferred from equity to the income statement is given in the note ‘Other gains and losses’.
(iii) NHS trusts are unlikely to have held-to-maturity investments.
(iv) Gains and losses on these are unlikely to arise
(v) Gains or losses on these are unlikely to arise
(b) These disclosures are given in the notes ‘Investment revenue’ and ‘Finance costs’.
(c) Unlikely to arise
(d) This disclosure is given in the ‘Investment revenue’ note.
(e) This disclosure is given in the ‘Operating expenses’ note.
21. In accordance with paragraph 117 of IAS 1 Presentation of Financial Statements (as revised in 2007) an entity discloses, in the summary of significant accounting policies, the measurement basis (or bases) used in preparing the financial statements and the other accounting policies used that are relevant to an understanding of the financial statements.
Included in the ‘Accounting Policies’ note. The wording offered assumes that NHS bodies will not have:
● financial assets and financial liabilities held for trading
● financial assets and financial liabilities designated as at fair value through profit or loss
● hedging instruments.