33 IFRS 9 Financial instruments Recognition and Measurement - Mindmap (003) Ulink PDF

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Summary

Summary of Financial Instruments: Interaction of IAS 32 and IFRS 9CA – proceeds = P/L** see IFRIC19 if settle with equityCompound instrumentEquityFinancial liabilityFinancial assetFinancial InstrumentsInitial Impairment MeasurementAmortised cost:  Business model to HOLD  Cash flow characteristic...

Description

Summary of Financial Instruments: Interaction of IAS 32 and IFRS 9 IAS 32 Initial Classification

IFRS 9 Classification for measurement

Equity

Amortised cost model (Default) Fair value in P/L - Irrevocable election to correct an accounting mismatch; - Derivatives

Financial Instruments

Contract Financial asset

Subsequent Measurement

Impairment

Sale/Settlement

At Cost

Compound instrument Financial liability

Initial Measurement

Amortised cost:  Business model to HOLD  Cash flow characteristics o Principle o Interest Fair Value in OCI:  Business model to hold AND sell  Cash flow characteristics o Principle o Interest

At FV

Effective interest method

CA – proceeds = P/L

FV in P/L

** see IFRIC19 if settle with equity

Incl. Tx costs

At FV Ex. Tx costs

Changes due to own credit risk in OCI

At FV Incl. Tx costs

At FV Incl. Tx costs

Effective interest method

Effective interest method to P/L And Fair Value changes in OCI



CA – proceeds = P/L



CA – proceeds = P/L AND Reclassify OCI to P/L on sale

At FV Fair value in P/L

Equity instruments Equity instruments Not held for trading Irrevocable designation at Fair Value through OCI

Ex. Tx costs

FV in P/L

At FV Incl. Tx costs

FV in OCI

CA – proceeds = P/L

First remeasure to FV in OCI, no reclassification of OCI to P/L...