Contents

INTERNATIONAL FINANCIAL REPORTING STANDARD 7 FINANCIAL INSTRUMENTS: DISCLOSURES
OBJECTIVE1
SCOPE3
CLASSES OF FINANCIAL INSTRUMENTS AND LEVEL OF DISCLOSURE6
SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE7
Statement of financial position8
Statement of comprehensive income20
Other disclosures21
NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS31
Qualitative disclosures33
Quantitative disclosures34
TRANSFERS OF FINANCIAL ASSETS42A
Transferred financial assets that are not derecognised in their entirety42D
Transferred financial assets that are derecognised in their entirety42E
Supplementary information42H
INITIAL APPLICATION OF IFRS 942I
EFFECTIVE DATE AND TRANSITION43
WITHDRAWAL OF IAS 3045
APPENDICES
A Defined terms
B Application guidance
C Amendments to other IFRSs
APPROVAL BY THE BOARD OF IFRS 7 ISSUED IN AUGUST 2005
APPROVAL BY THE BOARD OF AMENDMENTS TO IFRS 7:
Improving Disclosures about Financial Instruments issued in March 2009
Disclosures—Transfers of Financial Assets issued in October 2010
Mandatory Effective Date of IFRS 9 and Transition Disclosures (Amendments to IFRS 9 (2009), IFRS 9 (2010) and IFRS 7) issued in December 2011
Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) issued in December 2011
IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) issued in November 2013
Interest Rate Benchmark Reform issued in September 2019
Interest Rate Benchmark Reform—Phase 2 issued in August 2020
FOR THE ACCOMPANYING GUIDANCE LISTED BELOW, SEE PART B OF THIS EDITION
IMPLEMENTATION GUIDANCE
APPENDIX
Amendments to guidance on other IFRSs
FOR THE BASIS FOR CONCLUSIONS, SEE PART C OF THIS EDITION
BASIS FOR CONCLUSIONS
APPENDIX TO THE BASIS FOR CONCLUSIONS
Amendments to Basis for Conclusions on other IFRSs

International Financial Reporting Standard 7 Financial Instruments: Disclosures (IFRS 7) is set out in paragraphs 1⁠–⁠45 and Appendices A⁠–⁠C. All the paragraphs have equal authority. Paragraphs in bold type state the main principles. Terms defined in Appendix A are in italics the first time they appear in the Standard. Definitions of other terms are given in the Glossary for International Financial Reporting Standards. IFRS 7 should be read in the context of its objective and the Basis for Conclusions, the Preface to IFRS Standards and the Conceptual Framework for Financial ReportingIAS 8 Accounting Policies, Changes in Accounting Estimates and Errors provides a basis for selecting and applying accounting policies in the absence of explicit guidance. [Refer:IAS 8 paragraphs 10⁠–⁠12]

International Financial Reporting Standard 7Financial Instruments: Disclosures

Objective

1

The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate: 

(a)

the significance of financial instruments for the entity’s financial position and performance; and

(b)

the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the end of the reporting period, and how the entity manages those risks.

[Refer:Implementation Guidance paragraph IG2 for pervasive disclosure considerations]

2

The principles in this IFRS complement the principles for recognising, measuring and presenting financial assets and financial liabilities in IAS 32 Financial Instruments: Presentation and IFRS 9 Financial Instruments.

Scope

3

This IFRS shall be applied by all entities to all types of financial instruments, except:

(a)

those interests in subsidiaries, associates or joint ventures that are accounted for in accordance with IFRS 10 Consolidated Financial StatementsIAS 27 Separate Financial Statements or IAS 28 Investments in Associates and Joint Ventures. However, in some cases, IFRS 10, IAS 27 or IAS 28 require or permit an entity to account for an interest in a subsidiary, associate or joint venture using IFRS 9; in those cases, entities shall apply the requirements of this IFRS and, for those measured at fair value, the requirements of IFRS 13 Fair Value Measurement. Entities shall also apply this IFRS to all derivatives linked to interests in subsidiaries, associates or joint ventures unless the derivative meets the definition of an equity instrument in IAS 32.

(b)

employers’ rights and obligations arising from employee benefit plans, to which IAS 19 Employee Benefits applies.

(c)

[deleted]

(d)

insurance contracts as defined in IFRS 17 Insurance Contracts or investment contracts with discretionary participation features within the scope of IFRS 17. However, this IFRS applies to:

(i)

derivatives that are embedded in contracts within the scope of IFRS 17, if IFRS 9 requires the entity to account for them separately.

(ii)

investment components that are separated from contracts within the scope of IFRS 17, if IFRS 17 requires such separation, unless the separated investment component is an investment contract with discretionary participation features.

(iii)

an issuer’s rights and obligations arising under insurance contracts that meet the definition of financial guarantee contracts, if the issuer applies IFRS 9 in recognising and measuring the contracts. However, the issuer shall apply IFRS 17 if the issuer elects, in accordance with paragraph 7(e) of IFRS 17, to apply IFRS 17 in recognising and measuring the contracts.

(iv)

an entity’s rights and obligations that are financial instruments arising under credit card contracts, or similar contracts that provide credit or payment arrangements, that an entity issues that meet the definition of an insurance contract if the entity applies IFRS 9 to those rights and obligations in accordance with paragraph 7(h) of IFRS 17 and paragraph 2.1(e)(iv) of IFRS 9.

(v)

an entity’s rights and obligations that are financial instruments arising under insurance contracts that an entity issues that limit the compensation for insured events to the amount otherwise required to settle the policyholder’s obligation created by the contract, if the entity elects, in accordance with paragraph 8A of IFRS 17, to apply IFRS 9 instead of IFRS 17 to such contracts.

(e)

financial instruments, contracts and obligations under share‑based payment transactions to which IFRS 2 Share‑based Payment applies, except that this IFRS applies to contracts within the scope of IFRS 9.

(f)

instruments that are required to be classified as equity instruments in accordance with paragraphs 16A and 16B or paragraphs 16C and 16D of IAS 32.

4

This IFRS applies to recognised and unrecognised financial instruments. Recognised financial instruments include financial assets and financial liabilities that are within the scope of IFRS 9. Unrecognised financial instruments include some financial instruments that, although outside the scope of IFRS 9, are within the scope of this IFRS.

5

This IFRS applies to contracts to buy or sell a non‑financial item that are within the scope of IFRS 9 [Refer:IFRS 9 paragraphs 2.4⁠–⁠2.7].

5A

The credit risk disclosure requirements in paragraphs 35A⁠–⁠35N apply to those rights that IFRS 15 Revenue from Contracts with Customers specifies are accounted for in accordance with IFRS 9 for the purposes of recognising impairment gains or losses. Any reference to financial assets or financial instruments in these paragraphs shall include those rights unless otherwise specified.

Classes of financial instruments and level of disclosure

6

When this IFRS requires disclosures by class of financial instrument, an entity shall group financial instruments into classes that are appropriate to the nature of the information disclosed and that take into account the characteristics of those financial instruments. An entity shall provide sufficient information to permit reconciliation to the line items presented in the statement of financial position.

Derivatives [member] Example Member IFRS 13.94 Example
IFRS 13.IE60 Example
IFRS 7.IG40B Example
822390, 823000
Equity investments [member] Example Member IFRS 7.IG40B Example 822390
Loans to consumers [member] Example Member IFRS 7.IG20C Example
IFRS 7.IG40B Example
822390
Loans to corporate entities [member] Example Member IAS 1.112 c Common practice
IFRS 7.IG20C Example
822390
Mortgages [member] Example Member IFRS 7.IG20B Example
IFRS 7.IG40B Example
822390
Trading securities [member] Example Member IFRS 7.IG40B Example 822390
Classes of financial assets [axis] Disclosure Axis Effective 2023-01-01 IFRS 17.C32 Disclosure
IFRS 7.42I Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 836500, 836600, 990000
Classes of financial liabilities [axis] Disclosure Axis IFRS 7.42I Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 990000
Financial assets, class [member] Disclosure Member Effective 2023-01-01 IFRS 17.C32 Disclosure
IFRS 7.42I Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 836500, 836600, 990000
Financial liabilities, class [member] Disclosure Member IFRS 7.42I Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 990000

Significance of financial instruments for financial position and performance

7

An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance.

Borrowings by name [axis] Common practice Axis822390, 990000
Borrowings by name [member] Common practice Member822390, 990000
Borrowings, adjustment to interest rate basis Common practice Percent822390
Borrowings, interest rate Common practice Percent822390
Borrowings, interest rate basis Common practice Text822390
Borrowings, maturity Common practice Text822390
Borrowings, original currency Common practice Text822390
Bottom of range [member] Common practice Member IFRS 13.B6 Example
IFRS 13.IE63 Example
IFRS 14.33 b Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
IFRS 2.45 d Disclosure
822390, 823000, 824500, 834120, 836600
Disclosure of detailed information about borrowings [table] Common practice Table822390
Disclosure of detailed information about borrowings [text block] Common practice Text block822390
Range [axis] Common practice Axis IFRS 13.B6 Example
IFRS 13.IE63 Example
IFRS 14.33 b Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
IFRS 2.45 d Disclosure
822390, 823000, 824500, 834120, 836600, 990000
Ranges [member] Common practice Member IFRS 13.B6 Example
IFRS 13.IE63 Example
IFRS 14.33 b Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
IFRS 2.45 d Disclosure
822390, 823000, 824500, 834120, 836600, 990000
Top of range [member] Common practice Member IFRS 13.B6 Example
IFRS 13.IE63 Example
IFRS 14.33 b Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
IFRS 2.45 d Disclosure
822390, 823000, 824500, 834120, 836600
Weighted average [member] Common practice Member IFRS 13.B6 Example
IFRS 13.IE63 Example
IFRS 14.33 b Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
822390, 823000, 824500, 836600
Disclosure of detailed information about financial instruments [table] Disclosure Table IFRS 7.31 Disclosure
IFRS 7.35K Disclosure
822390
Disclosure of detailed information about financial instruments [text block] Disclosure Text block IFRS 7.31 Disclosure
IFRS 7.35K Disclosure
822390
Disclosure of financial assets [table] Disclosure Table822390
Disclosure of financial assets [text block] Disclosure Text block822390
Disclosure of financial liabilities [table] Disclosure Table822390
Disclosure of financial liabilities [text block] Disclosure Text block822390

Statement of financial position

Categories of financial assets and financial liabilities

8

The carrying amounts of each of the following categories, as specified in IFRS 9, shall be disclosed either in the statement of financial position or in the notes:

(a)

financial assets measured at fair value through profit or loss, showing separately (i) those designated as such upon initial recognition or subsequently in accordance with paragraph 6.7.1 of IFRS 9; (ii) those measured as such in accordance with the election in paragraph 3.3.5 of IFRS 9; (iii) those measured as such in accordance with the election in paragraph 33A of IAS 32 and (iv) those mandatorily measured at fair value through profit or loss in accordance with IFRS 9.

Current financial assets at fair value through profit or loss Disclosure MonetaryInstant, Debit 800100
Current financial assets at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Debit 800100
Current financial assets at fair value through profit or loss, mandatorily measured at fair value Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, category [member] Disclosure Member822390
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] Disclosure Member822390
Financial assets at fair value through profit or loss, mandatorily measured at fair value Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, mandatorily measured at fair value, category [member] Disclosure Member822390
Non-current financial assets at fair value through profit or loss Disclosure MonetaryInstant, Debit 800100
Non-current financial assets at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Debit 800100
Non-current financial assets at fair value through profit or loss, mandatorily measured at fair value Disclosure MonetaryInstant, Debit 800100
Current financial assets at fair value through profit or loss, measured as such in accordance with exemption for reacquisition of own equity instruments Disclosure MonetaryInstant, Debit 800100
Current financial assets at fair value through profit or loss, measured as such in accordance with exemption for repurchase of own financial liabilities Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, measured as such in accordance with exemption for reacquisition of own equity instruments Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, measured as such in accordance with exemption for reacquisition of own equity instruments, category [member] Disclosure Member822390
Financial assets at fair value through profit or loss, measured as such in accordance with exemption for repurchase of own financial liabilities Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through profit or loss, measured as such in accordance with exemption for repurchase of own financial liabilities, category [member] Disclosure Member822390
Non-current financial assets at fair value through profit or loss, measured as such in accordance with exemption for reacquisition of own equity instruments Disclosure MonetaryInstant, Debit 800100
Non-current financial assets at fair value through profit or loss, measured as such in accordance with exemption for repurchase of own financial liabilities Disclosure MonetaryInstant, Debit 800100

(b)⁠–⁠(d)

[deleted]

(e)

financial liabilities at fair value through profit or loss, showing separately (i) those designated as such upon initial recognition or subsequently in accordance with paragraph 6.7.1 of IFRS 9 and (ii) those that meet the definition of held for trading in IFRS 9.

Current financial liabilities at fair value through profit or loss Disclosure MonetaryInstant, Credit 800100
Current financial liabilities at fair value through profit or loss, classified as held for trading Disclosure MonetaryInstant, Credit 800100
Current financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Credit 800100
Financial liabilities at fair value through profit or loss Disclosure MonetaryInstant, Credit 800100
Financial liabilities at fair value through profit or loss that meet definition of held for trading Disclosure MonetaryInstant, Credit 800100
Financial liabilities at fair value through profit or loss that meet definition of held for trading, category [member] Disclosure Member822390
Financial liabilities at fair value through profit or loss, category [member] Disclosure Member822390
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Credit 800100
Financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently, category [member] Disclosure Member822390
Non-current financial liabilities at fair value through profit or loss Disclosure MonetaryInstant, Credit 800100
Non-current financial liabilities at fair value through profit or loss, classified as held for trading Disclosure MonetaryInstant, Credit 800100
Non-current financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryInstant, Credit 800100

(f)

financial assets measured at amortised cost.

Current financial assets at amortised cost Disclosure MonetaryInstant, Debit 800100
Financial assets at amortised cost Disclosure MonetaryInstant, Debit 800100
Financial assets at amortised cost, category [member] Disclosure Member822390
Non-current financial assets at amortised cost Disclosure MonetaryInstant, Debit 800100

(g)

financial liabilities measured at amortised cost.

Current financial liabilities at amortised cost Disclosure MonetaryInstant, Credit 800100
Financial liabilities at amortised cost Disclosure MonetaryInstant, Credit 800100
Financial liabilities at amortised cost, category [member] Disclosure Member 822390
Non-current financial liabilities at amortised cost Disclosure MonetaryInstant, Credit 800100

(h)

financial assets measured at fair value through other comprehensive income, showing separately (i) financial assets that are measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of IFRS 9; and (ii) investments in equity instruments designated as such upon initial recognition in accordance with paragraph 5.7.5 of IFRS 9.

Current financial assets at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Current financial assets measured at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Current investments in equity instruments designated at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Financial assets at fair value through other comprehensive income, category [member] Disclosure Member822390
Financial assets measured at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Financial assets measured at fair value through other comprehensive income, category [member] Disclosure Member822390
Investments in equity instruments designated at fair value through other comprehensive income Disclosure MonetaryInstant, Debit IFRS 7.11A c Disclosure 800100, 822390
Investments in equity instruments designated at fair value through other comprehensive income [member] Disclosure Member IFRS 7.11A c Disclosure 822390, 990000
Non-current financial assets at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Non-current financial assets measured at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Non-current investments in equity instruments designated at fair value through other comprehensive income Disclosure MonetaryInstant, Debit 800100
Categories of financial assets [axis] Disclosure Axis822390, 990000
Categories of financial liabilities [axis] Disclosure Axis822390, 990000
Financial assets, category [member] Disclosure Member822390, 990000
Financial liabilities, category [member] Disclosure Member822390, 990000

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

9

If the entity has designated as measured at fair value through profit or loss a financial asset (or group of financial assets) that would otherwise be measured at fair value through other comprehensive income or amortised cost [Refer:IFRS 9 paragraph 4.1.5], it shall disclose:

(a)

the maximum exposure to credit risk [Refer:Appendix A] (see paragraph 36(a)) of the financial asset (or group of financial assets) at the end of the reporting period.

Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss Disclosure MonetaryInstant 822390

(b)

the amount by which any related credit derivatives or similar instruments mitigate that maximum exposure to credit risk (see paragraph 36(b)).

Amount by which credit derivatives or similar instruments related to financial assets designated as measured at fair value through profit or loss mitigate maximum exposure to credit risk Disclosure MonetaryInstant 822390

(c)

the amount of change, during the period and cumulatively, in the fair value of the financial asset (or group of financial assets) that is attributable to changes in the credit risk of the financial asset determined either:

(i)

as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk; or

(ii)

using an alternative method the entity believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the asset.

Changes in market conditions that give rise to market risk include changes in an observed (benchmark) interest rate, commodity price, foreign exchange rate or index of prices or rates.

Accumulated increase (decrease) in fair value of financial assets designated as measured at fair value through profit or loss, attributable to changes in credit risk of financial assets Disclosure MonetaryInstant, Debit 822390
Increase (decrease) in fair value of financial assets designated as measured at fair value through profit or loss, attributable to changes in credit risk of financial assets Disclosure MonetaryDuration, Debit 822390

(d)

the amount of the change in the fair value of any related credit derivatives or similar instruments that has occurred during the period and cumulatively since the financial asset was designated.

Accumulated increase (decrease) in fair value of credit derivatives or similar instruments related to financial assets designated as measured at fair value through profit or loss Disclosure MonetaryInstant 822390
Increase (decrease) in fair value of credit derivatives or similar instruments related to financial assets designated as measured at fair value through profit or loss Disclosure MonetaryDuration 822390

10

If the entity has designated a financial liability as at fair value through profit or loss in accordance with paragraph 4.2.2 of IFRS 9 and is required to present the effects of changes in that liability’s credit risk in other comprehensive income (see paragraph 5.7.7 of IFRS 9), it shall disclose: 

(a)

the amount of change, cumulatively, in the fair value of the financial liability that is attributable to changes in the credit risk of that liability (see paragraphs B5.7.13⁠–⁠B5.7.20 of IFRS 9 for guidance on determining the effects of changes in a liability’s credit risk).

Accumulated increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability Disclosure MonetaryInstant, Credit IFRS 7.10A a Disclosure 822390

(b)

the difference between the financial liability’s carrying amount and the amount the entity would be contractually required to pay at maturity to the holder of the obligation.

Difference between carrying amount of financial liability and amount contractually required to pay at maturity to holder of obligation Disclosure MonetaryInstant IFRS 7.10A b Disclosure 822390

(c)

any transfers of the cumulative gain or loss within equity during the period including the reason for such transfers.

Description of reasons for transfers of cumulative gain (loss) within equity when changes in liability's credit risk are presented in other comprehensive income Disclosure Text822390
Transfers of cumulative gain (loss) within equity when changes in liability's credit risk are presented in other comprehensive income Disclosure MonetaryDuration 822390

(d)

if a liability is derecognised during the period, the amount (if any) presented in other comprehensive income that was realised at derecognition.

Amount presented in other comprehensive income realised at derecognition of financial liability Disclosure MonetaryDuration 822390

10A

If an entity has designated a financial liability as at fair value through profit or loss in accordance with paragraph 4.2.2 of IFRS 9 and is required to present all changes in the fair value of that liability (including the effects of changes in the credit risk of the liability) in profit or loss (see paragraphs 5.7.7 and 5.7.8 of IFRS 9), it shall disclose:

(a)

the amount of change, during the period and cumulatively, in the fair value of the financial liability that is attributable to changes in the credit risk of that liability (see paragraphs B5.7.13⁠–⁠B5.7.20 of IFRS 9 for guidance on determining the effects of changes in a liability’s credit risk); and

Accumulated increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability Disclosure MonetaryInstant, Credit IFRS 7.10 a Disclosure 822390
Increase (decrease) in fair value of financial liability, attributable to changes in credit risk of liability Disclosure MonetaryDuration, Credit 822390

(b)

the difference between the financial liability’s carrying amount and the amount the entity would be contractually required to pay at maturity to the holder of the obligation.

Difference between carrying amount of financial liability and amount contractually required to pay at maturity to holder of obligation Disclosure MonetaryInstant IFRS 7.10 b Disclosure 822390

11

The entity shall also disclose:

(a)

a detailed description of the methods used to comply with the requirements in paragraphs 9(c), 10(a) and 10A(a) and paragraph 5.7.7(a) of IFRS 9, including an explanation of why the method is appropriate.

Description of methods to determine amount of changes in fair value of financial assets and financial liabilities attributable to changes in credit risk Disclosure Text822390

(b)

if the entity believes that the disclosure it has given, either in the statement of financial position or in the notes, to comply with the requirements in paragraph 9(c)10(a) or 10A(a) or paragraph 5.7.7(a) of IFRS 9 does not faithfully represent the change in the fair value of the financial asset or financial liability attributable to changes in its credit risk, the reasons for reaching this conclusion and the factors it believes are relevant.

Description of reasons and relevant factors why amount of changes in fair value of financial assets and financial liabilities attributable to changes in credit risk are not faithfully represented Disclosure Text822390

(c)

a detailed description of the methodology or methodologies used to determine whether presenting the effects of changes in a liability’s credit risk in other comprehensive income would create or enlarge an accounting mismatch in profit or loss (see paragraphs 5.7.7 and 5.7.8 of IFRS 9). If an entity is required to present the effects of changes in a liability’s credit risk in profit or loss (see paragraph 5.7.8 of IFRS 9), the disclosure must include a detailed description of the economic relationship described in paragraph B5.7.6 of IFRS 9.

Description of methodology or methodologies used to determine whether presenting effects of changes in liability's credit risk in other comprehensive income would create or enlarge accounting mismatch in profit or loss Disclosure Text822390

Investments in equity instruments designated at fair value through other comprehensive income

11A

If an entity has designated investments in equity instruments to be measured at fair value through other comprehensive income, as permitted by paragraph 5.7.5 of IFRS 9, it shall disclose:

(a)

which investments in equity instruments have been designated to be measured at fair value through other comprehensive income.

Description of investments in equity instruments designated at fair value through other comprehensive income Disclosure Text822390

(b)

the reasons for using this presentation alternative.

Description of reason for using presentation alternative Disclosure Text822390

(c)

the fair value of each such investment at the end of the reporting period.

Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [table] Disclosure Table822390
Disclosure of fair value of investments in equity instruments designated at fair value through other comprehensive income [text block] Disclosure Text block822390
Investments in equity instruments designated at fair value through other comprehensive income Disclosure MonetaryInstant, Debit IFRS 7.8 h Disclosure 800100, 822390
Investments in equity instruments designated at fair value through other comprehensive income [axis] Disclosure Axis822390, 990000
Investments in equity instruments designated at fair value through other comprehensive income [member] Disclosure Member IFRS 7.8 h Disclosure 822390, 990000

(d)

dividends recognised during the period, showing separately those related to investments derecognised during the reporting period and those related to investments held at the end of the reporting period.

Dividends recognised for investments in equity instruments designated at fair value through other comprehensive income, derecognised during period Disclosure MonetaryDuration, Credit 822390
Dividends recognised for investments in equity instruments designated at fair value through other comprehensive income, held at end of reporting period Disclosure MonetaryDuration, Credit 822390

(e)

any transfers of the cumulative gain or loss within equity during the period including the reason for such transfers.

Explanation of transfers of cumulative gain or loss within equity of investments in equity instruments designated at fair value through other comprehensive income Disclosure Text822390

11B

If an entity derecognised investments in equity instruments measured at fair value through other comprehensive income during the reporting period, it shall disclose:

(a)

the reasons for disposing of the investments.

Description of reason for disposing of investments in equity instruments designated at fair value through other comprehensive income Disclosure Text822390

(b)

the fair value of the investments at the date of derecognition.

Fair value of investments in equity instruments designated at fair value through other comprehensive income at date of derecognition Disclosure MonetaryInstant, Debit 822390

(c)

the cumulative gain or loss on disposal.

Cumulative gain (loss) on disposal of investments in equity instruments designated at fair value through other comprehensive income Disclosure MonetaryDuration, Credit 822390

Reclassification

12⁠–12A

[Deleted]

12B

An entity shall disclose if, in the current or previous reporting periods, it has reclassified any financial assets in accordance with paragraph 4.4.1 of IFRS 9. For each such event, an entity shall disclose:

(a)

the date of reclassification.

Date of reclassification of financial assets due to change in business model Disclosure Date822390

(b)

a detailed explanation of the change in business model and a qualitative description of its effect on the entity’s financial statements.

Description of effect of changing business model for managing financial assets on financial statements Disclosure Text822390
Explanation of change in business model for managing financial assets Disclosure Text822390

(c)

the amount reclassified into and out of each category.

Reclassification of financial assets out of measured at amortised cost into measured at fair value through other comprehensive income Disclosure MonetaryDuration 822390
Reclassification of financial assets out of measured at amortised cost into measured at fair value through profit or loss Disclosure MonetaryDuration 822390
Reclassification of financial assets out of measured at fair value through other comprehensive income into measured at amortised cost Disclosure MonetaryDuration 822390
Reclassification of financial assets out of measured at fair value through other comprehensive income into measured at fair value through profit or loss Disclosure MonetaryDuration 822390
Reclassification of financial assets out of measured at fair value through profit or loss into measured at amortised cost Disclosure MonetaryDuration 822390
Reclassification of financial assets out of measured at fair value through profit or loss into measured at fair value through other comprehensive income Disclosure MonetaryDuration 822390
Disclosure of reclassification of financial assets [table] Disclosure Table822390
Disclosure of reclassification of financial assets [text block] Disclosure Text block822390
Events of reclassification of financial assets [axis] Disclosure Axis822390, 990000
Events of reclassification of financial assets [member] Disclosure Member822390, 990000

12C

For each reporting period following reclassification until derecognition, an entity shall disclose for assets reclassified out of the fair value through profit or loss category so that they are measured at amortised cost or fair value through other comprehensive income in accordance with paragraph 4.4.1 of IFRS 9:

(a)

the effective interest rate determined on the date of reclassification; and

Effective interest rate determined on date of reclassification for assets reclassified out of fair value through profit or loss category into amortised cost or fair value through other comprehensive income category Disclosure Percent822390

(b)

the interest revenue recognised.

Interest revenue recognised for assets reclassified out of fair value through profit or loss category into amortised cost or fair value through other comprehensive income category Disclosure MonetaryDuration, Credit 822390

12D

If, since its last annual reporting date, an entity has reclassified financial assets out of the fair value through other comprehensive income category so that they are measured at amortised cost or out of the fair value through profit or loss category so that they are measured at amortised cost or fair value through other comprehensive income it shall disclose:

(a)

the fair value of the financial assets at the end of the reporting period; and

Fair value of financial assets reclassified out of fair value through other comprehensive income category into amortised cost category Disclosure MonetaryInstant, Debit 822390
Fair value of financial assets reclassified out of fair value through profit or loss category into amortised cost or fair value through other comprehensive income category Disclosure MonetaryInstant, Debit 822390

(b)

the fair value gain or loss that would have been recognised in profit or loss or other comprehensive income during the reporting period if the financial assets had not been reclassified.

Fair value gain (loss) that would have been recognised in other comprehensive income if financial assets had not been reclassified Disclosure MonetaryDuration, Credit 822390
Fair value gain (loss) that would have been recognised in profit or loss if financial assets had not been reclassified Disclosure MonetaryDuration, Credit 822390

13

[Deleted]

Offsetting financial assets and financial liabilities

13A

The disclosures in paragraphs 13B⁠–⁠13E supplement the other disclosure requirements of this IFRS and are required for all recognised financial instruments that are set off in accordance with paragraph 42 of IAS 32. These disclosures also apply to recognised financial instruments that are subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are set off in accordance with paragraph 42 of IAS 32.

13B

An entity shall disclose information to enable users of its financial statements to evaluate the effect or potential effect of netting arrangements on the entity’s financial position. This includes the effect or potential effect of rights of set‑off associated with the entity’s recognised financial assets and recognised financial liabilities that are within the scope of paragraph 13A.

13C

To meet the objective in paragraph 13B, an entity shall disclose, at the end of the reporting period, the following quantitative information separately for recognised financial assets and recognised financial liabilities that are within the scope of paragraph 13A:

(a)

the gross amounts of those recognised financial assets and recognised financial liabilities;

Gross financial assets subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Debit 822390
Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Credit 822390

(b)

the amounts that are set off in accordance with the criteria in paragraph 42 of IAS 32 when determining the net amounts presented in the statement of financial position;

Gross financial assets set off against financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Debit 822390
Gross financial liabilities set off against financial assets subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Credit 822390

(c)

the net amounts presented in the statement of financial position;

Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position Disclosure MonetaryInstant, Debit 822390
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position Disclosure MonetaryInstant, Credit 822390

(d)

the amounts subject to an enforceable master netting arrangement or similar agreement that are not otherwise included in paragraph 13C(b), including:

(i)

amounts related to recognised financial instruments that do not meet some or all of the offsetting criteria in paragraph 42 of IAS 32; and

Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial assets Example MonetaryInstant, Credit IFRS 7.IG40D Example 822390
Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities Example MonetaryInstant, Debit IFRS 7.IG40D Example 822390

(ii)

amounts related to financial collateral (including cash collateral); and

Cash collateral pledged subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities Example MonetaryInstant, Debit IFRS 7.IG40D Example 822390
Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets Example MonetaryInstant, Credit IFRS 7.IG40D Example 822390
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial assets Disclosure MonetaryInstant, Credit 822390
Amounts subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities Disclosure MonetaryInstant, Debit 822390

(e)

the net amount after deducting the amounts in (d) from the amounts in (c) above.

Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Debit 822390
Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure MonetaryInstant, Credit 822390

The information required by this paragraph shall be presented in a tabular format, separately for financial assets and financial liabilities, unless another format is more appropriate.

Disclosure of offsetting of financial assets [table] Disclosure Table822390
Disclosure of offsetting of financial assets [text block] Disclosure Text block822390
Disclosure of offsetting of financial liabilities [table] Disclosure Table822390
Disclosure of offsetting of financial liabilities [text block] Disclosure Text block822390

13D

The total amount disclosed in accordance with paragraph 13C(d) for an instrument shall be limited to the amount in paragraph 13C(c) for that instrument.

13E

An entity shall include a description in the disclosures of the rights of set‑off associated with the entity’s recognised financial assets and recognised financial liabilities subject to enforceable master netting arrangements and similar agreements that are disclosed in accordance with paragraph 13C(d), including the nature of those rights.

Description of rights of set-off associated with financial assets subject to enforceable master netting arrangement or similar agreement Disclosure Text822390
Description of rights of set-off associated with financial liabilities subject to enforceable master netting arrangement or similar agreement Disclosure Text822390

13F

If the information required by paragraphs 13B⁠–⁠13E is disclosed in more than one note to the financial statements, an entity shall cross‑refer between those notes.

Collateral

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 paragraph 3.2.23(a) of IFRS 9; and

Financial assets pledged as collateral for liabilities or contingent liabilities Disclosure MonetaryInstant, Debit 822390

(b)

the terms and conditions relating to its pledge.

Description of terms and conditions of financial assets pledged as collateral for liabilities or contingent liabilities Disclosure Text822390

15

When an entity holds collateral (of financial or non‑financial assets) and is permitted to sell or repledge the collateral in the absence of default by the owner of the collateral, it shall disclose:

(a)

the fair value of the collateral held;

Collateral held permitted to be sold or repledged in absence of default by owner of collateral, at fair value Disclosure MonetaryInstant, Debit 822390

(b)

the fair value of any such collateral sold or repledged, and whether the entity has an obligation to return it; and

Collateral sold or repledged in absence of default by owner of collateral, at fair value Disclosure MonetaryInstant, Debit 822390
Explanation of whether entity has obligation to return collateral sold or repledged in absence of default by owner of collateral Disclosure Text822390

(c)

the terms and conditions associated with its use of the collateral.

Description of terms and conditions associated with entity's use of collateral permitted to be sold or repledged in absence of default by owner of collateral Disclosure Text822390

Allowance account for credit losses

16

[Deleted]

16A

The carrying amount of financial assets measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of IFRS 9 is not reduced by a loss allowance and an entity shall not present the loss allowance separately in the statement of financial position as a reduction of the carrying amount of the financial asset. However, an entity shall disclose the loss allowance in the notes to the financial statements.

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 paragraph 28 of IAS 32) and the instrument has multiple embedded derivatives whose values are interdependent (such as a callable convertible debt instrument), it shall disclose the existence of those features.

Description of compound financial instruments with multiple embedded derivatives Disclosure Text822390

Defaults and breaches

18

For loans payable [Refer:Appendix A] recognised at the end of the reporting period, an entity shall disclose:

(a)

details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable;

Description of details of defaults during period of principal, interest, sinking fund, or redemption terms of loans payable Disclosure Text822390

(b)

the carrying amount of the loans payable in default at the end of the reporting period; and

Loans payable in default Disclosure MonetaryInstant, Credit 822390

(c)

whether the default was remedied, or the terms of the loans payable were renegotiated, before the financial statements were authorised for issue [Refer:IAS 10 paragraphs 4⁠–⁠6].

Explanation of whether default was remedied or terms of loans payable were renegotiated before financial statements were authorised for issue Disclosure Text822390

19

If, during the period, there were breaches of loan agreement terms other than those described in paragraph 18, an entity shall disclose the same information as required by paragraph 18 if those breaches permitted the lender to demand accelerated repayment (unless the breaches were remedied, or the terms of the loan were renegotiated, on or before the end of the reporting period).

Description of details of breaches which permitted lender to demand accelerated repayment during period of principal, interest, sinking fund, or redemption terms of loans payable Disclosure Text822390
Explanation of whether breaches which permitted lender to demand accelerated repayment were remedied or terms of loans payable were renegotiated before financial statements were authorised for issue Disclosure Text822390
Loans payable in breach which permitted lender to demand accelerated repayment Disclosure MonetaryInstant, Credit 822390

Statement of comprehensive income

Items of income, expense, gains or losses

20

An entity shall disclose the following items of income, expense, gains or losses either in the statement of comprehensive income or in the notes:

(a)

net gains or net losses on: [Refer:Basis for Conclusions paragraph BC33]

(i)

financial assets or financial liabilities measured at fair value through profit or loss, showing separately those on financial assets or financial liabilities designated as such upon initial recognition or subsequently in accordance with paragraph 6.7.1 of IFRS 9, and those on financial assets or financial liabilities that are mandatorily measured at fair value through profit or loss in accordance with IFRS 9 (eg financial liabilities that meet the definition of held for trading in IFRS 9). For financial liabilities designated as at fair value through profit or loss, an entity shall show separately the amount of gain or loss recognised in other comprehensive income and the amount recognised in profit or loss.

Gains (losses) on financial assets at fair value through profit or loss Disclosure MonetaryDuration, Credit 822390
Gains (losses) on financial assets at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryDuration, Credit 822390
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value Disclosure MonetaryDuration, Credit 822390
Gains (losses) on financial liabilities at fair value through profit or loss Disclosure MonetaryDuration, Credit 822390
Gains (losses) on financial liabilities at fair value through profit or loss, classified as held for trading Disclosure MonetaryDuration, Credit 822390
Gains (losses) on financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryDuration, Credit 822390
Gains (losses) recognised in other comprehensive income on financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryDuration, Credit 822390
Gains (losses) recognised in profit or loss on financial liabilities at fair value through profit or loss, designated upon initial recognition or subsequently Disclosure MonetaryDuration, Credit 822390

(ii)⁠–⁠(iv)

[deleted]

(v)

financial liabilities measured at amortised cost.

Gains (losses) on financial liabilities at amortised cost Disclosure MonetaryDuration, Credit 822390

(vi)

financial assets measured at amortised cost.

Gains (losses) on financial assets at amortised cost Disclosure MonetaryDuration, Credit 822390

(vii)

investments in equity instruments designated at fair value through other comprehensive income in accordance with paragraph 5.7.5 of IFRS 9.

Other comprehensive income, before tax, gains (losses) from investments in equity instruments Disclosure MonetaryDuration, Credit IAS 1.7 Disclosure
IAS 1.91 b Disclosure
420000, 822390

(viii)

financial assets measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of IFRS 9, showing separately the amount of gain or loss recognised in other comprehensive income during the period and the amount reclassified upon derecognition from accumulated other comprehensive income to profit or loss for the period.

Gains (losses) on financial assets measured at fair value through other comprehensive income, before tax Disclosure MonetaryDuration, Credit IAS 1.91 b Disclosure 420000, 822390
Other comprehensive income, before tax, financial assets measured at fair value through other comprehensive income Disclosure MonetaryDuration, Credit IAS 1.7 Disclosure
IAS 1.91 b Disclosure
420000, 822390
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, before tax Disclosure MonetaryDuration, Debit IAS 1.92 Disclosure 420000, 822390

(b)

total interest revenue and total interest expense (calculated using the effective interest method) for financial assets that are measured at amortised cost or that are measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A of IFRS 9 (showing these amounts separately); or financial liabilities that are not measured at fair value through profit or loss.

Interest expense for financial liabilities not at fair value through profit or loss Disclosure MonetaryDuration, Debit 822390
Interest revenue for financial assets measured at amortised cost Disclosure MonetaryDuration, Credit 822390
Interest revenue for financial assets measured at fair value through other comprehensive income Disclosure MonetaryDuration, Credit 822390

(c)

fee income and expense (other than amounts included in determining the effective interest rate) arising from:

(i)

financial assets and financial liabilities that are not at fair value through profit or loss; and

Fee expense arising from financial liabilities not at fair value through profit or loss Disclosure MonetaryDuration, Debit 822390
Fee income arising from financial assets not at fair value through profit or loss Disclosure MonetaryDuration, Credit 822390

(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.

Fee income (expense) arising from trust and fiduciary activities Disclosure MonetaryDuration, Credit 822390

(d)

[deleted]

(e)

[deleted]

20A

An entity shall disclose an analysis of the gain or loss recognised in the statement of comprehensive income arising from the derecognition of financial assets measured at amortised cost, showing separately gains and losses arising from derecognition of those financial assets. This disclosure shall include the reasons for derecognising those financial assets.

Description of reason for derecognition of financial assets measured at amortised cost Disclosure Text822390
Gains arising from derecognition of financial assets measured at amortised cost Disclosure MonetaryDuration, Credit 822390
Losses arising from derecognition of financial assets measured at amortised cost Disclosure MonetaryDuration, Debit 822390

Other disclosures

Accounting policies

21

In accordance with paragraph 117 of IAS 1 Presentation of Financial Statements (as revised in 2007), an entity discloses material accounting policy information. Information about the measurement basis (or bases) for financial instruments used in preparing the financial statements is expected to be material accounting policy information.

[Refer:Basis for Conclusions paragraphs BC35ZA and BC35ZB]
Explanation of measurement bases for financial instruments used in preparing financial statements [text block] Example Text block822390

Hedge accounting

21A

An entity shall apply the disclosure requirements in paragraphs 21B⁠–⁠24F for those risk exposures that an entity hedges and for which it elects to apply hedge accounting. [Note:for the reasons relating to the scope of the hedge accounting disclosures refer to Basis for Conclusions paragraphs BC35F−BC35K] Hedge accounting disclosures shall provide information about:

(a)

an entity’s risk management strategy and how it is applied to manage risk; [Refer:paragraphs 22A−22C]

(b)

how the entity’s hedging activities may affect the amount, timing and uncertainty of its future cash flows; [Refer:paragraphs 23A−23F] and

(c)

the effect that hedge accounting has had on the entity’s statement of financial position, statement of comprehensive income and statement of changes in equity. [Refer:paragraphs 24A−24F]

21B

An entity shall present the required disclosures in a single note or separate section in its financial statements. However, an entity need not duplicate information that is already presented elsewhere, provided that the information is incorporated by cross-reference from the financial statements to some other statement, such as a management commentary or risk report, that is available to users of the financial statements on the same terms as the financial statements and at the same time. Without the information incorporated by cross-reference, the financial statements are incomplete. [Refer:Basis for Conclusions paragraph BC35L]

Description of cross-reference to disclosures about hedge accounting presented outside financial statements Disclosure Text822390

21C

When paragraphs 22A⁠–⁠24F require the entity to separate by risk category the information disclosed, the entity shall determine each risk category on the basis of the risk exposures an entity decides to hedge and for which hedge accounting is applied. An entity shall determine risk categories consistently for all hedge accounting disclosures. [Refer:Basis for Conclusions paragraphs BC35M−BC35O]

Risks [member] Disclosure Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.33 Disclosure
IFRS 7.34 Disclosure
822390, 836600, 861000, 990000
Types of risks [axis] Disclosure Axis Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.33 Disclosure
IFRS 7.34 Disclosure
822390, 836600, 861000, 990000

21D

To meet the objectives in paragraph 21A, an entity shall (except as otherwise specified below) determine how much detail to disclose, how much emphasis to place on different aspects of the disclosure requirements, the appropriate level of aggregation or disaggregation, and whether users of financial statements need additional explanations to evaluate the quantitative information disclosed. However, an entity shall use the same level of aggregation or disaggregation it uses for disclosure requirements of related information in this IFRS and IFRS 13 Fair Value Measurement.

The risk management strategy

22

[Deleted]

22A

An entity shall explain its risk management strategy for each risk category of risk exposures that it decides to hedge and for which hedge accounting is applied. This explanation should enable users of financial statements to evaluate (for example):

(a)

how each risk arises.

(b)

how the entity manages each risk; this includes whether the entity hedges an item in its entirety for all risks or hedges a risk component (or components) of an item and why.

(c)

the extent of risk exposures that the entity manages.

Disclosure of risk management strategy related to hedge accounting [table] Disclosure Table822390
Disclosure of risk management strategy related to hedge accounting [text block] Disclosure Text block822390
Explanation of risk management strategy related to hedge accounting [text block] Disclosure Text block822390

22B

To meet the requirements in paragraph 22A, the information should include (but is not limited to) a description of:

(a)

the hedging instruments [Refer:IFRS 9 paragraphs 6.2.1−6.2.6] that are used (and how they are used) to hedge risk exposures;

Description of hedging instruments used to hedge risk exposures and how they are used Disclosure Text822390

(b)

how the entity determines the economic relationship [Refer:IFRS 9 paragraph 6.4.1(c)(i)] between the hedged item [Refer:IFRS 9 paragraphs 6.3.1−6.3.6] and the hedging instrument for the purpose of assessing hedge effectiveness; and

Description of how entity determines economic relationship between hedged item and hedging instrument for purpose of assessing hedge effectiveness Disclosure Text822390

(c)

how the entity establishes the hedge ratio [Refer:IFRS 9 paragraphs 6.4.1(c)(iii) and B6.4.9−B6.4.11] and what the sources of hedge ineffectiveness are.

Description of how entity establishes hedge ratio and what sources of hedge ineffectiveness are Disclosure Text822390

22C

When an entity designates a specific risk component as a hedged item (see paragraph 6.3.7 of IFRS 9) it shall provide, in addition to the disclosures required by paragraphs 22A and 22B, qualitative or quantitative information about:

(a)

how the entity determined the risk component that is designated as the hedged item (including a description of the nature of the relationship between the risk component and the item as a whole); and

Information about how entity determined risk component designated as hedged item [text block] Disclosure Text block822390

(b)

how the risk component relates to the item in its entirety (for example, the designated risk component historically covered on average 80 per cent of the changes in fair value of the item as a whole).

Information about how designated risk component relates to hedged item in its entirety [text block] Disclosure Text block822390
The amount, timing and uncertainty of future cash flows

23

[Deleted]

23A

Unless exempted by paragraph 23C, an entity shall disclose by risk category quantitative information to allow users of its financial statements to evaluate the terms and conditions of hedging instruments and how they affect the amount, timing and uncertainty of future cash flows of the entity.

Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [table] Disclosure Table822390
Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block] Disclosure Text block822390
Hedging instruments [axis] Disclosure Axis IFRS 7.24A Disclosure 822390, 990000
Hedging instruments [member] Disclosure Member IFRS 7.24A Disclosure 822390, 990000

23B

To meet the requirement in paragraph 23A, an entity shall provide a breakdown that discloses:

(a)

a profile of the timing of the nominal amount of the hedging instrument; and

Aggregated time bands [member] Disclosure Member IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.B11 Example
IFRS 7.B35 Example
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000
Maturity [axis] Disclosure Axis IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.42E e Disclosure
IFRS 7.B11 Example
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000
Nominal amount of hedging instrument Disclosure Decimal IFRS 7.24A d Disclosure 822390

(b)

if applicable, the average price or rate (for example strike or forward prices etc) of the hedging instrument.

Average price of hedging instrument Disclosure Decimal822390
Average rate of hedging instrument Disclosure Percent822390

23C

In situations in which an entity frequently resets (ie discontinues and restarts) hedging relationships because both the hedging instrument and the hedged item frequently change (ie the entity uses a dynamic process in which both the exposure and the hedging instruments used to manage that exposure do not remain the same for long—such as in the example in paragraph B6.5.24(b) of IFRS 9) the entity:

(a)

is exempt from providing the disclosures required by paragraphs 23A and 23B.

(b)

shall disclose:

(i)

information about what the ultimate risk management strategy is in relation to those hedging relationships;

Information about ultimate risk management strategy in relation to hedging relationships that entity frequently resets Disclosure Text822390

(ii)

a description of how it reflects its risk management strategy by using hedge accounting and designating those particular hedging relationships; and

Description of how entity reflects its risk management strategy by using hedge accounting and designating hedging relationships that it frequently resets Disclosure Text822390

(iii)

an indication of how frequently the hedging relationships are discontinued and restarted as part of the entity’s process in relation to those hedging relationships.

Indication of how frequently hedging relationships are discontinued and restarted Disclosure Text822390

23D

An entity shall disclose by risk category a description of the sources of hedge ineffectiveness that are expected to affect the hedging relationship during its term.

Description of sources of hedge ineffectiveness expected to affect hedging relationship Disclosure Text822390

23E

If other sources of hedge ineffectiveness emerge in a hedging relationship, an entity shall disclose those sources by risk category and explain the resulting hedge ineffectiveness.

Description of sources of hedge ineffectiveness that emerged in hedging relationship Disclosure Text822390
Explanation of hedge ineffectiveness resulting from sources that emerged in hedging relationship Disclosure Text822390

23F

For cash flow hedges, an entity shall disclose a description of any forecast transaction for which hedge accounting had been used in the previous period, but which is no longer expected to occur.

Description of forecast transactions for which hedge accounting had been used in previous period but which are no longer expected to occur Disclosure Text 822390
The effects of hedge accounting on financial position and performance

24

[Deleted]

24A

An entity shall disclose, in a tabular format, the following amounts related to items designated as hedging instruments separately by risk category for each type of hedge (fair value hedge, cash flow hedge or hedge of a net investment in a foreign operation):

(a)

the carrying amount of the hedging instruments (financial assets separately from financial liabilities);

Hedging instrument, assets Disclosure MonetaryInstant, Debit 822390
Hedging instrument, liabilities Disclosure MonetaryInstant, Credit 822390

(b)

the line item in the statement of financial position that includes the hedging instrument;

Description of line item in statement of financial position that includes hedging instrument Disclosure Text822390

(c)

the change in fair value of the hedging instrument used as the basis for recognising hedge ineffectiveness for the period; and

Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness Disclosure MonetaryDuration, Credit 822390

(d)

the nominal amounts (including quantities such as tonnes or cubic metres) of the hedging instruments.

Nominal amount of hedging instrument Disclosure Decimal IFRS 7.23B a Disclosure 822390
Cash flow hedges [member] Disclosure Member IAS 39.86 b Disclosure
IFRS 7.24B Disclosure
IFRS 7.24C Disclosure
822390
Disclosure of detailed information about hedging instruments [table] Disclosure Table822390
Disclosure of detailed information about hedging instruments [text block] Disclosure Text block822390
Fair value hedges [member] Disclosure Member IAS 39.86 a Disclosure
IFRS 7.24B Disclosure
IFRS 7.24C Disclosure
822390
Hedges [member] Disclosure Member IFRS 7.24B Disclosure
IFRS 7.24C Disclosure
822390, 990000
Hedges of net investment in foreign operations [member] Disclosure Member IAS 39.86 c Disclosure
IFRS 7.24B Disclosure
IFRS 7.24C Disclosure
822390
Hedging instruments [axis] Disclosure Axis IFRS 7.23A Disclosure 822390, 990000
Hedging instruments [member] Disclosure Member IFRS 7.23A Disclosure 822390, 990000
Types of hedges [axis] Disclosure Axis IFRS 7.24B Disclosure
IFRS 7.24C Disclosure
822390, 990000

24B

An entity shall disclose, in a tabular format, the following amounts related to hedged items separately by risk category for the types of hedges as follows:

(a)

for fair value hedges [Refer:IFRS 9 paragraphs 6.5.8−6.5.10]:

(i)

the carrying amount of the hedged item recognised in the statement of financial position (presenting assets separately from liabilities);

Hedged item, assets Disclosure MonetaryInstant, Debit 822390
Hedged item, liabilities Disclosure MonetaryInstant, Credit 822390

(ii)

the accumulated amount of fair value hedge adjustments on the hedged item included in the carrying amount of the hedged item recognised in the statement of financial position (presenting assets separately from liabilities);

Accumulated fair value hedge adjustment on hedged item included in carrying amount, assets Disclosure MonetaryInstant, Debit 822390
Accumulated fair value hedge adjustment on hedged item included in carrying amount, liabilities Disclosure MonetaryInstant, Credit 822390

(iii)

the line item in the statement of financial position that includes the hedged item;

Description of line item in statement of financial position that includes hedged item Disclosure Text822390

(iv)

the change in value of the hedged item used as the basis for recognising hedge ineffectiveness for the period; and

Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness Disclosure MonetaryDuration, Credit IFRS 7.24B b (i) Disclosure 822390

(v)

the accumulated amount of fair value hedge adjustments remaining in the statement of financial position for any hedged items that have ceased to be adjusted for hedging gains and losses in accordance with paragraph 6.5.10 of IFRS 9.

Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, assets Disclosure MonetaryInstant, Debit 822390
Accumulated fair value hedge adjustment remaining in statement of financial position for hedged item that ceased to be adjusted for hedging gains and losses, liabilities Disclosure MonetaryInstant, Credit 822390

(b)

for cash flow hedges and hedges [Refer:IFRS 9 paragraphs 6.5.11−6.5.12] of a net investment in a foreign operation [Refer:IFRS 9 paragraphs 6.5.13−6.5.14]:

(i)

the change in value of the hedged item used as the basis for recognising hedge ineffectiveness for the period (ie for cash flow hedges the change in value used to determine the recognised hedge ineffectiveness in accordance with paragraph 6.5.11(c) of IFRS 9);

Gain (loss) on change in fair value of hedged item used as basis for recognising hedge ineffectiveness Disclosure MonetaryDuration, Credit IFRS 7.24B a (iv) Disclosure 822390

(ii)

the balances in the cash flow hedge reserve and the foreign currency translation reserve for continuing hedges that are accounted for in accordance with paragraphs 6.5.11 and 6.5.13(a) of IFRS 9; and

Reserve of cash flow hedges, continuing hedges Disclosure MonetaryInstant, Credit 822390
Reserve of exchange differences on translation, continuing hedges Disclosure MonetaryInstant, Credit 822390

(iii)

the balances remaining in the cash flow hedge reserve and the foreign currency translation reserve from any hedging relationships for which hedge accounting is no longer applied.

Reserve of cash flow hedges, hedging relationships for which hedge accounting is no longer applied Disclosure MonetaryInstant, Credit 822390
Reserve of exchange differences on translation, hedging relationships for which hedge accounting is no longer applied Disclosure MonetaryInstant, Credit 822390
Cash flow hedges [member] Disclosure Member IAS 39.86 b Disclosure
IFRS 7.24A Disclosure
IFRS 7.24C Disclosure
822390
Disclosure of detailed information about hedged items [table] Disclosure Table822390
Disclosure of detailed information about hedged items [text block] Disclosure Text block822390
Fair value hedges [member] Disclosure Member IAS 39.86 a Disclosure
IFRS 7.24A Disclosure
IFRS 7.24C Disclosure
822390
Hedged items [axis] Disclosure Axis822390, 990000
Hedged items [member] Disclosure Member822390, 990000
Hedges [member] Disclosure Member IFRS 7.24A Disclosure
IFRS 7.24C Disclosure
822390, 990000
Hedges of net investment in foreign operations [member] Disclosure Member IAS 39.86 c Disclosure
IFRS 7.24A Disclosure
IFRS 7.24C Disclosure
822390
Types of hedges [axis] Disclosure Axis IFRS 7.24A Disclosure
IFRS 7.24C Disclosure
822390, 990000

24C

An entity shall disclose, in a tabular format, the following amounts separately by risk category for the types of hedges as follows:

(a)

for fair value hedges:

(i)

hedge ineffectiveness—ie the difference between the hedging gains or losses of the hedging instrument and the hedged item—recognised in profit or loss (or other comprehensive income for hedges of an equity instrument for which an entity has elected to present changes in fair value in other comprehensive income in accordance with paragraph 5.7.5 of IFRS 9); and

Gain (loss) on hedge ineffectiveness Disclosure MonetaryDuration, Credit 822390
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income Disclosure MonetaryDuration, Credit 822390
Gain (loss) on hedge ineffectiveness recognised in profit or loss Disclosure MonetaryDuration, Credit IFRS 7.24C b (ii) Disclosure 822390

(ii)

the line item in the statement of comprehensive income that includes the recognised hedge ineffectiveness.

Description of line item in statement of comprehensive income that includes recognised hedge ineffectiveness Disclosure Text IFRS 7.24C b (iii) Disclosure 822390

(b)

for cash flow hedges and hedges of a net investment in a foreign operation:

(i)

hedging gains or losses of the reporting period that were recognised in other comprehensive income;

Gains (losses) on cash flow hedges, net of tax Disclosure MonetaryDuration, Credit IAS 1.91 a Disclosure
IFRS 7.24E a Disclosure
410000, 822390, 861000
Gains (losses) on hedges of net investments in foreign operations, net of tax Disclosure MonetaryDuration, Credit IAS 1.91 a Disclosure
IAS 39.102 a Disclosure
IFRS 7.24E a Disclosure
IFRS 9.6.5.13 a Disclosure
410000, 822390, 861000

(ii)

hedge ineffectiveness recognised in profit or loss;

Gain (loss) on hedge ineffectiveness recognised in profit or loss Disclosure MonetaryDuration, Credit IFRS 7.24C a (i) Disclosure 822390

(iii)

the line item in the statement of comprehensive income that includes the recognised hedge ineffectiveness;

Description of line item in statement of comprehensive income that includes recognised hedge ineffectiveness Disclosure Text IFRS 7.24C a (ii) Disclosure 822390

(iv)

the amount reclassified from the cash flow hedge reserve or the foreign currency translation reserve into profit or loss as a reclassification adjustment (see IAS 1) (differentiating between amounts for which hedge accounting had previously been used, but for which the hedged future cash flows are no longer expected to occur, and amounts that have been transferred because the hedged item has affected profit or loss);

Reclassification adjustments on cash flow hedges for which hedged future cash flows are no longer expected to occur, net of tax Disclosure MonetaryDuration, Debit IFRS 7.24E a Disclosure 822390, 861000
Reclassification adjustments on cash flow hedges for which hedged item affected profit or loss, net of tax Disclosure MonetaryDuration, Debit IFRS 7.24E a Disclosure 822390, 861000
Reclassification adjustments on cash flow hedges, net of tax Disclosure MonetaryDuration, Debit IAS 1.92 Disclosure
IFRS 7.24E a Disclosure
410000, 822390, 861000
Reclassification adjustments on hedges of net investments in foreign operations, net of tax Disclosure MonetaryDuration, Debit IAS 1.92 Disclosure
IAS 39.102 Disclosure
IFRS 7.24E a Disclosure
IFRS 9.6.5.14 Disclosure
410000, 822390, 861000

(v)

the line item in the statement of comprehensive income that includes the reclassification adjustment (see IAS 1); and

Description of line item in statement of comprehensive income that includes reclassification adjustments Disclosure Text822390

(vi)

for hedges of net positions, the hedging gains or losses recognised in a separate line item in the statement of comprehensive income (see paragraph 6.6.4 of IFRS 9).

Hedging gains (losses) for hedge of group of items with offsetting risk positions Disclosure MonetaryDuration, Credit IFRS 9.6.6.4 Disclosure 310000, 320000, 822390
Cash flow hedges [member] Disclosure Member IAS 39.86 b Disclosure
IFRS 7.24A Disclosure
IFRS 7.24B Disclosure
822390
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [table] Disclosure Table822390
Disclosure of information about amounts that affected statement of comprehensive income as result of hedge accounting [text block] Disclosure Text block822390
Fair value hedges [member] Disclosure Member IAS 39.86 a Disclosure
IFRS 7.24A Disclosure
IFRS 7.24B Disclosure
822390
Hedges [member] Disclosure Member IFRS 7.24A Disclosure
IFRS 7.24B Disclosure
822390, 990000
Hedges of net investment in foreign operations [member] Disclosure Member IAS 39.86 c Disclosure
IFRS 7.24A Disclosure
IFRS 7.24B Disclosure
822390
Types of hedges [axis] Disclosure Axis IFRS 7.24A Disclosure
IFRS 7.24B Disclosure
822390, 990000

24D

When the volume of hedging relationships to which the exemption in paragraph 23C applies is unrepresentative of normal volumes during the period (ie the volume at the reporting date does not reflect the volumes during the period) an entity shall disclose that fact and the reason it believes the volumes are unrepresentative.

Description of fact and reason why volume of hedging relationships to which exemption in IFRS 7.23C applies is unrepresentative of normal volumes Disclosure Text822390

24E

An entity shall provide a reconciliation of each component of equity and an analysis of other comprehensive income in accordance with IAS 1 that, taken together:

(a)

differentiates, at a minimum, between the amounts that relate to the disclosures in paragraph 24C(b)(i) and (b)(iv) as well as the amounts accounted for in accordance with paragraph 6.5.11(d)(i) and (d)(iii) of IFRS 9;

Amount removed from reserve of cash flow hedges and included in initial cost or other carrying amount of non-financial asset (liability) or firm commitment for which fair value hedge accounting is applied Disclosure MonetaryDuration, Debit IFRS 9.6.5.11 d (i) Disclosure 610000
Gains (losses) on cash flow hedges, net of tax Disclosure MonetaryDuration, Credit IAS 1.91 a Disclosure
IFRS 7.24C b (i) Disclosure
410000, 822390, 861000
Gains (losses) on hedges of net investments in foreign operations, net of tax Disclosure MonetaryDuration, Credit IAS 1.91 a Disclosure
IAS 39.102 a Disclosure
IFRS 7.24C b (i) Disclosure
IFRS 9.6.5.13 a Disclosure
410000, 822390, 861000
Reclassification adjustments on cash flow hedges for which hedged future cash flows are no longer expected to occur, net of tax Disclosure MonetaryDuration, Debit IFRS 7.24C b (iv) Disclosure 822390, 861000
Reclassification adjustments on cash flow hedges for which hedged item affected profit or loss, net of tax Disclosure MonetaryDuration, Debit IFRS 7.24C b (iv) Disclosure 822390, 861000
Reclassification adjustments on cash flow hedges for which reserve of cash flow hedges will not be recovered in one or more future periods, net of tax Disclosure MonetaryDuration, Debit 861000
Reclassification adjustments on cash flow hedges, net of tax Disclosure MonetaryDuration, Debit IAS 1.92 Disclosure
IFRS 7.24C b (iv) Disclosure
410000, 822390, 861000
Reclassification adjustments on hedges of net investments in foreign operations, net of tax Disclosure MonetaryDuration, Debit IAS 1.92 Disclosure
IAS 39.102 Disclosure
IFRS 7.24C b (iv) Disclosure
IFRS 9.6.5.14 Disclosure
410000, 822390, 861000

(b)

differentiates between the amounts associated with the time value of options that hedge transaction related hedged items and the amounts associated with the time value of options that hedge time-period related hedged items when an entity accounts for the time value of an option in accordance with paragraph 6.5.15 of IFRS 9; and

Other comprehensive income, net of tax, change in value of time value of options that hedge time-period related hedged items Disclosure MonetaryDuration, Credit 861000
Other comprehensive income, net of tax, change in value of time value of options that hedge transaction related hedged items Disclosure MonetaryDuration, Credit 861000

(c)

differentiates between the amounts associated with forward elements of forward contracts and the foreign currency basis spreads of financial instruments that hedge transaction related hedged items, and the amounts associated with forward elements of forward contracts and the foreign currency basis spreads of financial instruments that hedge time-period related hedged items when an entity accounts for those amounts in accordance with paragraph 6.5.16 of IFRS 9.

Other comprehensive income, net of tax, change in value of foreign currency basis spreads that hedge time-period related hedged items Disclosure MonetaryDuration, Credit 861000
Other comprehensive income, net of tax, change in value of foreign currency basis spreads that hedge transaction related hedged items Disclosure MonetaryDuration, Credit 861000
Other comprehensive income, net of tax, change in value of forward elements of forward contracts that hedge time-period related hedged items Disclosure MonetaryDuration, Credit 861000
Other comprehensive income, net of tax, change in value of forward elements of forward contracts that hedge transaction related hedged items Disclosure MonetaryDuration, Credit 861000

24F

An entity shall disclose the information required in paragraph 24E separately by risk category. This disaggregation by risk may be provided in the notes to the financial statements.

Option to designate a credit exposure as measured at fair value through profit or loss

24G

If an entity designated a financial instrument, or a proportion of it, as measured at fair value through profit or loss because it uses a credit derivative to manage the credit risk of that financial instrument it shall disclose:

(a)

for credit derivatives that have been used to manage the credit risk of financial instruments designated as measured at fair value through profit or loss in accordance with paragraph 6.7.1 of IFRS 9, a reconciliation of each of the nominal amount and the fair value at the beginning and at the end of the period;

Credit derivative, fair value Disclosure MonetaryInstant, Debit 822390
Credit derivative, nominal amount Disclosure MonetaryInstant 822390
Increase (decrease) in credit derivative, fair value Disclosure MonetaryDuration, Debit 822390
Increase (decrease) in credit derivative, nominal amount Disclosure MonetaryDuration 822390

(b)

the gain or loss recognised in profit or loss on designation of a financial instrument, or a proportion of it, as measured at fair value through profit or loss in accordance with paragraph 6.7.1 of IFRS 9; and

Gain (loss) on designation of financial instrument as measured at fair value through profit or loss because credit derivative is used to manage credit risk Disclosure MonetaryDuration, Credit 822390

(c)

on discontinuation of measuring a financial instrument, or a proportion of it, at fair value through profit or loss, that financial instrument’s fair value that has become the new carrying amount in accordance with paragraph 6.7.4 of IFRS 9 and the related nominal or principal amount (except for providing comparative information in accordance with IAS 1, an entity does not need to continue this disclosure in subsequent periods).

Fair value of financial instrument on discontinuation of measurement at fair value through profit or loss because credit derivative is used to manage credit risk, assets Disclosure MonetaryInstant, Debit 822390
Fair value of financial instrument on discontinuation of measurement at fair value through profit or loss because credit derivative is used to manage credit risk, liabilities Disclosure MonetaryInstant, Credit 822390
Nominal or principal amount of financial instrument on discontinuation of measurement at fair value through profit or loss because credit derivative is used to manage credit risk Disclosure MonetaryInstant 822390
Disclosure of information about credit exposures designated as measured at fair value through profit or loss [table] Disclosure Table822390
Disclosure of information about credit exposures designated as measured at fair value through profit or loss [text block] Disclosure Text block822390
Financial instruments measured at fair value through profit or loss because credit derivative is used to manage credit risk [axis] Disclosure Axis822390, 990000
Financial instruments measured at fair value through profit or loss because credit derivative is used to manage credit risk [member] Disclosure Member822390, 990000
Uncertainty arising from interest rate benchmark reform

24H

For hedging relationships to which an entity applies the exceptions set out in paragraphs 6.8.4⁠–⁠6.8.12 of IFRS 9 or paragraphs 102D⁠–⁠102N of IAS 39, an entity shall disclose:

(a)

the significant interest rate benchmarks to which the entity’s hedging relationships are exposed;

Disclosure of significant interest rate benchmarks to which entity's hedging relationships are exposed [text block] Disclosure Text block822390

(b)

the extent of the risk exposure the entity manages that is directly affected by the interest rate benchmark reform;

Disclosure of extent of risk exposure entity manages for hedging relationships directly affected by interest rate benchmark reform [text block] Disclosure Text block822390

(c)

how the entity is managing the process to transition to alternative benchmark rates;

Description of how entity is managing process to transition to alternative benchmark rates for hedging relationships Disclosure Text822390

(d)

a description of significant assumptions or judgements the entity made in applying these paragraphs (for example, assumptions or judgements about when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the interest rate benchmark-based cash flows); and

Description of significant assumptions or judgements entity made in applying amendments for interest rate benchmark reform Disclosure Text822390

(e)

the nominal amount of the hedging instruments [Refer:IFRS 9 paragraphs 6.2.1−6.2.6] in those hedging relationships.

Nominal amount of hedging instruments in hedging relationships to which amendments for interest rate benchmark reform are applied Disclosure MonetaryInstant 822390
Disclosure of information about entity's hedging relationships directly affected by uncertainty arising from interest rate benchmark reform [text block] Disclosure Text block822390

Additional disclosures related to interest rate benchmark reform

24I

To enable users of financial statements to understand the effect of interest rate benchmark reform on an entity’s financial instruments and risk management strategy, an entity shall disclose information about:

(a)

the nature and extent of risks to which the entity is exposed arising from financial instruments subject to interest rate benchmark reform, and how the entity manages these risks; and

(b)

the entity’s progress in completing the transition to alternative benchmark rates, and how the entity is managing the transition.

Disclosure of information about effect of interest rate benchmark reform on entity's financial instruments and risk management strategy [text block] Disclosure Text block IFRS 7.24J Disclosure 822390

24J

To meet the objectives in paragraph 24I, an entity shall disclose:

(a)

how the entity is managing the transition to alternative benchmark rates, its progress at the reporting date and the risks to which it is exposed arising from financial instruments because of the transition;

Disclosure of how entity is managing transition to alternative benchmark rates, its progress at reporting date and risks to which it is exposed arising from financial instruments because of transition [text block] Disclosure Text block822390

(b)

disaggregated by significant interest rate benchmark subject to interest rate benchmark reform, quantitative information about financial instruments that have yet to transition to an alternative benchmark rate as at the end of the reporting period, showing separately:

(i)

non-derivative financial assets;

Quantitative information about non-derivative financial assets that have yet to transition to alternative benchmark rate [text block] Disclosure Text block822390

(ii)

non-derivative financial liabilities; and

Quantitative information about non-derivative financial liabilities that have yet to transition to alternative benchmark rate [text block] Disclosure Text block822390

(iii)

derivatives; and

Quantitative information about derivatives that have yet to transition to alternative benchmark rate [text block] Disclosure Text block822390
Disclosure of quantitative information about financial instruments that have yet to transition to alternative benchmark rate [table] Disclosure Table822390
Disclosure of quantitative information about financial instruments that have yet to transition to alternative benchmark rate [text block] Disclosure Text block822390
Interest rate benchmarks [axis] Disclosure Axis822390, 990000
Interest rate benchmarks [member] Disclosure Member822390, 990000
Significant interest rate benchmarks subject to interest rate benchmark reform [member] Disclosure Member822390

(c)

if the risks identified in paragraph 24J(a) have resulted in changes to an entity’s risk management strategy (see paragraph 22A), a description of these changes.

Description of changes to entity's risk management strategy arising from entity's exposure to financial instruments subject to interest rate benchmark reform [text block] Disclosure Text block822390
Disclosure of information about effect of interest rate benchmark reform on entity's financial instruments and risk management strategy [text block] Disclosure Text block IFRS 7.24I Disclosure 822390

Fair value

25

Except as set out in paragraph 29, for each class of financial assets and financial liabilities (see paragraph 6), an entity shall disclose the fair value of that class of assets and liabilities in a way that permits it to be compared with its carrying amount.

Current financial assets Disclosure MonetaryInstant, Debit 800100
Current financial liabilities Disclosure MonetaryInstant, Credit 800100
Financial assets Disclosure MonetaryInstant, Debit IFRS 7.35H Disclosure
IFRS 7.35I Disclosure
IFRS 7.35M Disclosure
IFRS 7.35N Example
800100, 822390
Financial assets, at fair value Disclosure MonetaryInstant, Debit 822390
Financial liabilities Disclosure MonetaryInstant, Credit 800100, 822390
Financial liabilities, at fair value Disclosure MonetaryInstant, Credit 822390
Non-current financial assets Disclosure MonetaryInstant, Debit 800100
Non-current financial liabilities Disclosure MonetaryInstant, Credit 800100

26

In disclosing fair values, an entity shall group financial assets and financial liabilities into classes, but shall offset them only to the extent that their carrying amounts are offset in the statement of financial position.

27⁠–27B

[Deleted]

28

In some cases, an entity does not recognise a gain or loss on initial recognition of a financial asset or financial liability because the fair value is neither evidenced by a quoted price in an active market for an identical asset or liability (ie a Level 1 input) [Refer:IFRS 13 paragraphs 76⁠–⁠78] nor based on a valuation technique [Refer:IFRS 13 paragraphs 61 and 62] that uses only data from observable markets (see paragraph B5.1.2A of IFRS 9). In such cases, the entity shall disclose by class of financial asset or financial liability [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5 and IG6]:

(a)

its accounting policy for recognising in profit or loss the difference between the fair value at initial recognition and the transaction price [Refer:IFRS 13 paragraphs 57⁠–⁠60 and B4] to reflect a change in factors (including time) that market participants would take into account when pricing the asset or liability (see paragraph B5.1.2A(b) of IFRS 9).

Description of accounting policy for recognising in profit or loss difference between fair value at initial recognition and transaction price [text block] Disclosure Text block800600, 800610, 822390

(b)

the aggregate difference yet to be recognised in profit or loss at the beginning and end of the period and a reconciliation of changes in the balance of this difference.

Increase (decrease) in aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Example MonetaryDuration 822390
Increase (decrease) through amounts recognised in profit or loss, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Example MonetaryDuration IFRS 7.IG14 Example 822390
Increase (decrease) through new transactions, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Example MonetaryDuration IFRS 7.IG14 Example 822390
Other decreases, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Example MonetaryDuration IFRS 7.IG14 Example 822390
Other increases, aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Example MonetaryDuration IFRS 7.IG14 Example 822390
Aggregate difference between fair value at initial recognition and transaction price yet to be recognised in profit or loss Disclosure MonetaryInstant 822390

(c)

why the entity concluded that the transaction price was not the best evidence of fair value, [Refer:IFRS 13 paragraphs 57⁠–⁠59 and B4] including a description of the evidence that supports the fair value.

Description of conclusion why transaction price was not best evidence of fair value Disclosure Text822390

29

Disclosures of fair value are not required:

(a)

when the carrying amount is a reasonable approximation of fair value, for example, for financial instruments such as short‑term trade receivables and payables; or

(b)

[deleted]

(c)

[deleted]

(d)

for lease liabilities.

30

[Deleted]

Nature and extent of risks arising from financial instruments

31

An entity shall disclose information that enables users of its financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed at the end of the reporting period.

Disclosure of detailed information about financial instruments [table] Disclosure Table IFRS 7.35K Disclosure
IFRS 7.7 Disclosure
822390
Disclosure of detailed information about financial instruments [text block] Disclosure Text block IFRS 7.35K Disclosure
IFRS 7.7 Disclosure
822390
Disclosure of nature and extent of risks arising from financial instruments [text block] Disclosure Text block822390

32

The disclosures required by paragraphs 33⁠–⁠42 focus on the risks that arise from financial instruments and how they have been managed. These risks typically include, but are not limited to, credit risk, liquidity risk [Refer:Appendix A] and market risk.

Credit risk [member] Example Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
822390, 836600, 861000
Liquidity risk [member] Example Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
822390, 836600, 861000
Market risk [member] Example Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a (ii) Disclosure
822390, 836600, 861000
Risk diversification effect [member] Common practice Member822390

32A

Providing qualitative disclosures in the context of quantitative disclosures enables users to link related disclosures and hence form an overall picture of the nature and extent of risks arising from financial instruments. The interaction between qualitative and quantitative disclosures contributes to disclosure of information in a way that better enables users to evaluate an entity’s exposure to risks.

Qualitative disclosures

33

For each type of risk arising from financial instruments, an entity shall disclose:

(a)

the exposures to risk and how they arise;

Description of exposure to risk Disclosure Text822390

(b)

its objectives, policies and processes for managing the risk and the methods used to measure the risk; and

Description of objectives, policies and processes for managing risk Disclosure Text822390
Methods used to measure risk Disclosure Text822390

(c)

any changes in (a) or (b) from the previous period.

Description of changes in exposure to risk Disclosure Text822390
Description of changes in methods used to measure risk Disclosure Text822390
Description of changes in objectives, policies and processes for managing risk Disclosure Text822390
Disclosure of nature and extent of risks arising from financial instruments [table] Disclosure Table IFRS 7.34 Disclosure 822390
Risks [member] Disclosure Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.21C Disclosure
IFRS 7.34 Disclosure
822390, 836600, 861000, 990000
Types of risks [axis] Disclosure Axis Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.21C Disclosure
IFRS 7.34 Disclosure
822390, 836600, 861000, 990000

Quantitative disclosures

34

For each type of risk arising from financial instruments, an entity shall disclose:

(a)

summary quantitative data about its exposure to that risk at the end of the reporting period. This disclosure shall be based on the information provided internally to key management personnel of the entity (as defined in IAS 24 Related Party Disclosures), for example the entity’s board of directors or chief executive officer.

Summary quantitative data about entity's exposure to risk [text block] Disclosure Text block822390

(b)

the disclosures required by paragraphs 35A⁠–⁠42, to the extent not provided in accordance with (a).

(c)

concentrations of risk if not apparent from the disclosures made in accordance with (a) and (b).

Description of concentrations of risk Disclosure Text822390
Disclosure of nature and extent of risks arising from financial instruments [table] Disclosure Table IFRS 7.33 Disclosure 822390
Risks [member] Disclosure Member Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.21C Disclosure
IFRS 7.33 Disclosure
822390, 836600, 861000, 990000
Types of risks [axis] Disclosure Axis Effective 2023-01-01 IFRS 17.124 Disclosure
Effective 2023-01-01 IFRS 17.125 Disclosure
Effective 2023-01-01 IFRS 17.127 Disclosure
Effective 2023-01-01 IFRS 17.128 a Disclosure
IFRS 7.21C Disclosure
IFRS 7.33 Disclosure
822390, 836600, 861000, 990000

35

If the quantitative data disclosed as at the end of the reporting period are unrepresentative of an entity’s exposure to risk during the period, an entity shall provide further information that is representative.

Additional information about entity exposure to risk Disclosure Text822390

Credit risk

[Refer:Appendix A]
Scope and objectives

35A

An entity shall apply the disclosure requirements in paragraphs 35F⁠–⁠35N to financial instruments to which the impairment requirements in IFRS 9 are applied. However:

(a)

for trade receivables, contract assets and lease receivables, paragraph 35J(a) applies to those trade receivables, contract assets or lease receivables on which lifetime expected credit losses are recognised in accordance with paragraph 5.5.15 of IFRS 9, if those financial assets are modified while more than 30 days past due; and

(b)

paragraph 35K(b) does not apply to lease receivables.

35B

The credit risk disclosures made in accordance with paragraphs 35F⁠–⁠35N shall enable users of financial statements to understand the effect of credit risk on the amount, timing and uncertainty of future cash flows. To achieve this objective, credit risk disclosures shall provide:

(a)

information about an entity’s credit risk management practices and how they relate to the recognition and measurement of expected credit losses, including the methods, assumptions and information used to measure expected credit losses;

(b)

quantitative and qualitative information that allows users of financial statements to evaluate the amounts in the financial statements arising from expected credit losses, including changes in the amount of expected credit losses and the reasons for those changes; and

(c)

information about an entity’s credit risk exposure (ie the credit risk inherent in an entity’s financial assets and commitments to extend credit) including significant credit risk concentrations.

[Refer:Basis for Conclusions paragraphs BC48A⁠–⁠BC48C]

35C

An entity need not duplicate information that is already presented elsewhere, provided that the information is incorporated by cross-reference from the financial statements to other statements, such as a management commentary or risk report that is available to users of the financial statements on the same terms as the financial statements and at the same time. Without the information incorporated by cross-reference, the financial statements are incomplete.

Description of cross-reference to disclosures about credit risk presented outside financial statements Disclosure Text822390

35D

To meet the objectives in paragraph 35B, an entity shall (except as otherwise specified) consider how much detail to disclose, how much emphasis to place on different aspects of the disclosure requirements, the appropriate level of aggregation or disaggregation, and whether users of financial statements need additional explanations to evaluate the quantitative information disclosed.

35E

If the disclosures provided in accordance with paragraphs 35F⁠–⁠35N are insufficient to meet the objectives in paragraph 35B, an entity shall disclose additional information that is necessary to meet those objectives.

The credit risk management practices

35F

An entity shall explain its credit risk management practices and how they relate to the recognition and measurement of expected credit losses. To meet this objective an entity shall disclose information that enables users of financial statements to understand and evaluate:

(a)

how an entity determined whether the credit risk of financial instruments has increased significantly since initial recognition, including, if and how:

(i)

financial instruments are considered to have low credit risk in accordance with paragraph 5.5.10 of IFRS 9, including the classes of financial instruments to which it applies; and

(ii)

the presumption in paragraph 5.5.11 of IFRS 9, that there have been significant increases in credit risk since initial recognition when financial assets are more than 30 days past due, has been rebutted;

Information on how entity determined whether credit risk of financial instruments has increased significantly since initial recognition Disclosure Text822390

(b)

an entity’s definitions of default, including the reasons for selecting those definitions;

Information about entity's definitions of default Disclosure Text822390

(c)

how the instruments were grouped if expected credit losses were measured on a collective basis;

Information on how instruments were grouped if expected credit losses were measured on collective basis Disclosure Text822390

(d)

how an entity determined that financial assets are credit-impaired financial assets;

Information on how entity determined that financial assets are credit-impaired financial assets Disclosure Text822390

(e)

an entity’s write-off policy, including the indicators that there is no reasonable expectation of recovery and information about the policy for financial assets that are written‑off but are still subject to enforcement activity; and

Information on entity's write-off policy Disclosure Text822390

(f)

how the requirements in paragraph 5.5.12 of IFRS 9 for the modification of contractual cash flows of financial assets have been applied, including how an entity:

(i)

determines whether the credit risk on a financial asset that has been modified while the loss allowance was measured at an amount equal to lifetime expected credit losses, has improved to the extent that the loss allowance reverts to being measured at an amount equal to 12‑month expected credit losses in accordance with paragraph 5.5.5 of IFRS 9; and

(ii)

monitors the extent to which the loss allowance on financial assets meeting the criteria in (i) is subsequently remeasured at an amount equal to lifetime expected credit losses in accordance with paragraph 5.5.3 of IFRS 9.

Information on how requirements for modification of contractual cash flows of financial assets have been applied Disclosure Text822390
Explanation of credit risk management practices and how they relate to recognition and measurement of expected credit losses [text block] Disclosure Text block822390

35G

An entity shall explain the inputs, assumptions and estimation techniques used to apply the requirements in Section 5.5 of IFRS 9. For this purpose an entity shall disclose:

(a)

the basis of inputs and assumptions and the estimation techniques used to:

(i)

measure the 12‑month and lifetime expected credit losses;

Description of basis of inputs and assumptions and estimation techniques used to measure 12-month and lifetime expected credit losses Disclosure Text822390

(ii)

determine whether the credit risk of financial instruments has increased significantly since initial recognition; and

Description of basis of inputs and assumptions and estimation techniques used to determine whether credit risk of financial instruments have increased significantly since initial recognition Disclosure Text822390

(iii)

determine whether a financial asset is a credit-impaired financial asset.

Description of basis of inputs and assumptions and estimation techniques used to determine whether financial asset is credit-impaired financial asset Disclosure Text822390

(b)

how forward‑looking information has been incorporated into the determination of expected credit losses, including the use of macroeconomic information; and

Description of how forward-looking information has been incorporated into determination of expected credit losses Disclosure Text822390

(c)

changes in the estimation techniques or significant assumptions made during the reporting period and the reasons for those changes.

Description of changes in estimation techniques or significant assumptions made when applying impairment requirements and reasons for those changes Disclosure Text822390
Explanation of inputs, assumptions and estimation techniques used to apply impairment requirements [text block] Disclosure Text block822390
Quantitative and qualitative information about amounts arising from expected credit losses

35H

To explain the changes in the loss allowance and the reasons for those changes, an entity shall provide, by class of financial instrument [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5 and IG6], a reconciliation from the opening balance to the closing balance of the loss allowance, in a table, showing separately the changes during the period for:

(a)

the loss allowance measured at an amount equal to 12‑month expected credit losses;

12-month expected credit losses [member] Disclosure Member IFRS 7.35M a Disclosure 822390

(b)

the loss allowance measured at an amount equal to lifetime expected credit losses for:

(i)

financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets;

(ii)

financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired); and

Financial instruments credit-impaired after purchase or origination [member] Disclosure Member IFRS 7.35M b (ii) Disclosure 822390

(iii)

trade receivables, contract assets or lease receivables for which the loss allowances are measured in accordance with paragraph 5.5.15 of IFRS 9.

Contract assets [member] Disclosure Member IFRS 7.35M b (iii) Disclosure
IFRS 7.35N Example
822390
Lease receivables [member] Disclosure Member IFRS 7.35M b (iii) Disclosure
IFRS 7.35N Example
822390
Trade receivables [member] Disclosure Member IAS 1.112 c Common practice
IFRS 7.35M b (iii) Disclosure
IFRS 7.35N Example
822390
Lifetime expected credit losses [member] Disclosure Member IFRS 7.35M b Disclosure 822390

(c)

financial assets that are purchased or originated credit-impaired. In addition to the reconciliation, an entity shall disclose the total amount of undiscounted expected credit losses at initial recognition on financial assets initially recognised during the reporting period.

Financial instruments purchased or originated credit-impaired [member] Disclosure Member IFRS 7.35M c Disclosure 822390
Undiscounted expected credit losses at initial recognition on purchased or originated credit-impaired financial assets initially recognised Disclosure MonetaryDuration, Credit 822390
Decrease through derecognition, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Debit IFRS 7.35I c Example
IFRS 7.IG20B Example
822390
Decrease through derecognition, financial assets Example MonetaryDuration, Credit IFRS 7.35I c Example
IFRS 7.IG20B Example
822390
Decrease through write-off, financial assets Example MonetaryDuration, Credit IFRS 7.35I c Example
IFRS 7.IG20B Example
822390
Expected credit losses collectively assessed [member] Example Member IFRS 7.35I Example
IFRS 7.IG20B Example
822390
Expected credit losses individually assessed [member] Example Member IFRS 7.35I Example
IFRS 7.IG20B Example
822390
Increase (decrease) through changes in models or risk parameters, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.IG20B Example 822390
Increase (decrease) through changes in models or risk parameters, financial assets Example MonetaryDuration, Debit IFRS 7.IG20B Example 822390
Increase (decrease) through foreign exchange and other movements, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.IG20B Example 822390
Increase (decrease) through foreign exchange and other movements, financial assets Example MonetaryDuration, Debit IFRS 7.IG20B Example 822390
Increase (decrease) through foreign exchange, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.IG20B Example 822390
Increase (decrease) through foreign exchange, financial assets Example MonetaryDuration, Debit IFRS 7.IG20B Example 822390
Increase (decrease) through other movements, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35I Example
IFRS 7.IG20B Example
822390
Increase (decrease) through other movements, financial assets Example MonetaryDuration, Debit IFRS 7.35I Example
IFRS 7.IG20B Example
822390
Increase (decrease) through transfers, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35I d Example
IFRS 7.IG20B Example
822390
Increase (decrease) through transfers, financial assets Example MonetaryDuration, Debit IFRS 7.35I d Example
IFRS 7.IG20B Example
822390
Increase through origination or purchase, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35I a Example
IFRS 7.IG20B Example
822390
Increase through origination or purchase, financial assets Example MonetaryDuration, Debit IFRS 7.35I a Example
IFRS 7.IG20B Example
822390
Method of assessment of expected credit losses [axis] Example Axis IFRS 7.35I Example
IFRS 7.IG20B Example
822390, 990000
Method of assessment of expected credit losses [member] Example Member IFRS 7.35I Example
IFRS 7.IG20B Example
822390, 990000
Accumulated impairment [member] Disclosure Member IAS 16.73 d Common practice
IAS 38.118 c Common practice
IAS 40.79 c Common practice
IAS 41.54 f Common practice
IFRS 3.B67 d Disclosure
IFRS 7.35N Example
817000, 822100, 822390, 823180, 824180, 825100
Carrying amount [member] Disclosure Member IAS 16.73 e Disclosure
IAS 38.118 e Disclosure
IAS 40.76 Disclosure
IAS 40.79 d Disclosure
IAS 41.50 Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35I Disclosure
817000, 822100, 822390, 823180, 824180, 825100, 990000
Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] Disclosure Axis IAS 16.73 d Disclosure
IAS 16.73 e Disclosure
IAS 38.118 c Disclosure
IAS 38.118 e Disclosure
IAS 40.76 Disclosure
IAS 40.79 c Disclosure
IAS 40.79 d Disclosure
IAS 41.50 Disclosure
IAS 41.54 f Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35I Disclosure
817000, 822100, 822390, 823180, 824180, 825100, 990000
Classes of financial instruments [axis] Disclosure Axis IFRS 7.35K Disclosure
IFRS 7.35M Disclosure
IFRS 7.36 Disclosure
822390, 990000
Credit impairment of financial instruments [axis] Disclosure Axis IFRS 7.35M Disclosure 822390, 990000
Credit impairment of financial instruments [member] Disclosure Member IFRS 7.35M Disclosure 822390, 990000
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [table] Disclosure Table IFRS 7.35I Disclosure 822390
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [text block] Disclosure Text block IFRS 7.35I Disclosure 822390
Exposure to credit risk on loan commitments and financial guarantee contracts Disclosure MonetaryInstant, Credit IFRS 7.35I Disclosure
IFRS 7.35M Disclosure
822390
Financial assets Disclosure MonetaryInstant, Debit IFRS 7.25 Disclosure
IFRS 7.35I Disclosure
IFRS 7.35M Disclosure
IFRS 7.35N Example
800100, 822390
Financial instruments credit-impaired [member] Disclosure Member IFRS 7.35M Disclosure 822390
Financial instruments not credit-impaired [member] Disclosure Member IFRS 7.35M Disclosure 822390
Financial instruments, class [member] Disclosure Member IFRS 7.35K Disclosure
IFRS 7.35M Disclosure
IFRS 7.36 Disclosure
822390, 990000
Increase (decrease) in exposure to credit risk on loan commitments and financial guarantee contracts Disclosure MonetaryDuration, Credit IFRS 7.35I Disclosure 822390
Increase (decrease) in financial assets Disclosure MonetaryDuration, Debit IFRS 7.35I Disclosure 822390
Type of measurement of expected credit losses [axis] Disclosure Axis IFRS 7.35M Disclosure 822390, 990000
Type of measurement of expected credit losses [member] Disclosure Member IFRS 7.35M Disclosure 822390, 990000

35I

To enable users of financial statements to understand the changes in the loss allowance disclosed in accordance with paragraph 35H, an entity shall provide an explanation of how significant changes in the gross carrying amount of financial instruments during the period contributed to changes in the loss allowance. The information shall be provided separately for financial instruments that represent the loss allowance as listed in paragraph 35H(a)⁠–⁠(c) and shall include relevant qualitative and quantitative information. Examples of changes in the gross carrying amount of financial instruments that contributed to the changes in the loss allowance may include:

(a)

changes because of financial instruments originated or acquired during the reporting period;

Increase through origination or purchase, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Increase through origination or purchase, financial assets Example MonetaryDuration, Debit IFRS 7.35H Example
IFRS 7.IG20B Example
822390

(b)

the modification of contractual cash flows on financial assets that do not result in a derecognition of those financial assets in accordance with IFRS 9;

Increase (decrease) through modification of contractual cash flows, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit 822390
Increase (decrease) through modification of contractual cash flows, financial assets Example MonetaryDuration, Debit 822390

(c)

changes because of financial instruments that were derecognised (including those that were written-off) during the reporting period; and

Decrease through derecognition, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Debit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Decrease through derecognition, financial assets Example MonetaryDuration, Credit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Decrease through write-off, financial assets Example MonetaryDuration, Credit IFRS 7.35H Example
IFRS 7.IG20B Example
822390

(d)

changes arising from whether the loss allowance is measured at an amount equal to 12-month or lifetime expected credit losses.

Increase (decrease) through transfers, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Increase (decrease) through transfers, financial assets Example MonetaryDuration, Debit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Expected credit losses collectively assessed [member] Example Member IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Expected credit losses individually assessed [member] Example Member IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Increase (decrease) through other movements, exposure to credit risk on loan commitments and financial guarantee contracts Example MonetaryDuration, Credit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Increase (decrease) through other movements, financial assets Example MonetaryDuration, Debit IFRS 7.35H Example
IFRS 7.IG20B Example
822390
Method of assessment of expected credit losses [axis] Example Axis IFRS 7.35H Example
IFRS 7.IG20B Example
822390, 990000
Method of assessment of expected credit losses [member] Example Member IFRS 7.35H Example
IFRS 7.IG20B Example
822390, 990000
Carrying amount [member] Disclosure Member IAS 16.73 e Disclosure
IAS 38.118 e Disclosure
IAS 40.76 Disclosure
IAS 40.79 d Disclosure
IAS 41.50 Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35H Disclosure
817000, 822100, 822390, 823180, 824180, 825100, 990000
Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis] Disclosure Axis IAS 16.73 d Disclosure
IAS 16.73 e Disclosure
IAS 38.118 c Disclosure
IAS 38.118 e Disclosure
IAS 40.76 Disclosure
IAS 40.79 c Disclosure
IAS 40.79 d Disclosure
IAS 41.50 Disclosure
IAS 41.54 f Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35H Disclosure
817000, 822100, 822390, 823180, 824180, 825100, 990000
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [table] Disclosure Table IFRS 7.35H Disclosure 822390
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [text block] Disclosure Text block IFRS 7.35H Disclosure 822390
Explanation of how significant changes in gross carrying amount of financial instruments contributed to changes in loss allowance Disclosure Text822390
Exposure to credit risk on loan commitments and financial guarantee contracts Disclosure MonetaryInstant, Credit IFRS 7.35H Disclosure
IFRS 7.35M Disclosure
822390
Financial assets Disclosure MonetaryInstant, Debit IFRS 7.25 Disclosure
IFRS 7.35H Disclosure
IFRS 7.35M Disclosure
IFRS 7.35N Example
800100, 822390
Gross carrying amount [member] Disclosure Member IAS 16.73 d Disclosure
IAS 38.118 c Disclosure
IAS 40.79 c Disclosure
IAS 41.54 f Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35M Disclosure
IFRS 7.35N Example
817000, 822100, 822390, 823180, 824180, 825100
Increase (decrease) in exposure to credit risk on loan commitments and financial guarantee contracts Disclosure MonetaryDuration, Credit IFRS 7.35H Disclosure 822390
Increase (decrease) in financial assets Disclosure MonetaryDuration, Debit IFRS 7.35H Disclosure 822390

35J

To enable users of financial statements to understand the nature and effect of modifications of contractual cash flows on financial assets that have not resulted in derecognition and the effect of such modifications on the measurement of expected credit losses, an entity shall disclose:

(a)

the amortised cost before the modification and the net modification gain or loss recognised for financial assets for which the contractual cash flows have been modified during the reporting period while they had a loss allowance measured at an amount equal to lifetime expected credit losses; and

Financial assets with contractual cash flows modified during reporting period while loss allowance measured at lifetime expected credit losses, amortised cost before modification Disclosure MonetaryDuration, Debit 822390
Financial assets with contractual cash flows modified during reporting period while loss allowance measured at lifetime expected credit losses, modification gain (loss) Disclosure MonetaryDuration, Credit 822390

(b)

the gross carrying amount at the end of the reporting period of financial assets that have been modified since initial recognition at a time when the loss allowance was measured at an amount equal to lifetime expected credit losses and for which the loss allowance has changed during the reporting period to an amount equal to 12-month expected credit losses.

Financial assets with modified contractual cash flows while loss allowance measured at lifetime expected credit losses for which loss allowance changed during reporting period to 12-month expected credit losses, gross carrying amount Disclosure MonetaryInstant, Debit 822390

35K

To enable users of financial statements to understand the effect of collateral and other credit enhancements on the amounts arising from expected credit losses, an entity shall disclose by class of financial instrument [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5 and IG6]:

(a)

the amount that best represents its maximum exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements (eg netting agreements that do not qualify for offset in accordance with IAS 32).

Maximum exposure to credit risk Disclosure MonetaryInstant 822390

(b)

a narrative description of collateral held as security and other credit enhancements, including:

(i)

a description of the nature and quality of the collateral held;

(ii)

an explanation of any significant changes in the quality of that collateral or credit enhancements as a result of deterioration or changes in the collateral policies of the entity during the reporting period; and

(iii)

information about financial instruments for which an entity has not recognised a loss allowance because of the collateral.

Description of collateral held as security and other credit enhancements Disclosure Text822390

(c)

quantitative information about the collateral held as security and other credit enhancements (for example, quantification of the extent to which collateral and other credit enhancements mitigate credit risk) for financial assets that are credit-impaired at the reporting date.

Information about collateral held as security and other credit enhancements for credit-impaired financial assets [text block] Disclosure Text block822390
Classes of financial instruments [axis] Disclosure Axis IFRS 7.35H Disclosure
IFRS 7.35M Disclosure
IFRS 7.36 Disclosure
822390, 990000
Disclosure of detailed information about financial instruments [table] Disclosure Table IFRS 7.31 Disclosure
IFRS 7.7 Disclosure
822390
Disclosure of detailed information about financial instruments [text block] Disclosure Text block IFRS 7.31 Disclosure
IFRS 7.7 Disclosure
822390
Financial instruments, class [member] Disclosure Member IFRS 7.35H Disclosure
IFRS 7.35M Disclosure
IFRS 7.36 Disclosure
822390, 990000

35L

An entity shall disclose the contractual amount outstanding on financial assets that were written off during the reporting period and are still subject to enforcement activity.

Financial assets written off during reporting period and still subject to enforcement activity, contractual amount outstanding Disclosure MonetaryInstant, Debit 822390
Credit risk exposure

35M

To enable users of financial statements to assess an entity’s credit risk exposure and understand its significant credit risk concentrations, an entity shall disclose, by credit risk rating grades, the gross carrying amount of financial assets and the exposure to credit risk on loan commitments and financial guarantee contracts. This information shall be provided separately for financial instruments:

(a)

for which the loss allowance is measured at an amount equal to 12‑month expected credit losses;

12-month expected credit losses [member] Disclosure Member IFRS 7.35H a Disclosure 822390

(b)

for which the loss allowance is measured at an amount equal to lifetime expected credit losses and that are:

(i)

financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets;

(ii)

financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired); and

Financial instruments credit-impaired after purchase or origination [member] Disclosure Member IFRS 7.35H b (ii) Disclosure 822390

(iii)

trade receivables, contract assets or lease receivables for which the loss allowances are measured in accordance with paragraph 5.5.15 of IFRS 9.

Contract assets [member] Disclosure Member IFRS 7.35H b (iii) Disclosure
IFRS 7.35N Example
822390
Lease receivables [member] Disclosure Member IFRS 7.35H b (iii) Disclosure
IFRS 7.35N Example
822390
Trade receivables [member] Disclosure Member IAS 1.112 c Common practice
IFRS 7.35H b (iii) Disclosure
IFRS 7.35N Example
822390
Lifetime expected credit losses [member] Disclosure Member IFRS 7.35H b Disclosure 822390

(c)

that are purchased or originated credit-impaired financial assets.

Financial instruments purchased or originated credit-impaired [member] Disclosure Member IFRS 7.35H c Disclosure 822390
Classes of financial instruments [axis] Disclosure Axis IFRS 7.35H Disclosure
IFRS 7.35K Disclosure
IFRS 7.36 Disclosure
822390, 990000
Credit impairment of financial instruments [axis] Disclosure Axis IFRS 7.35H Disclosure 822390, 990000
Credit impairment of financial instruments [member] Disclosure Member IFRS 7.35H Disclosure 822390, 990000
Disclosure of credit risk exposure [table] Disclosure Table822390
Disclosure of credit risk exposure [text block] Disclosure Text block822390
Exposure to credit risk on loan commitments and financial guarantee contracts Disclosure MonetaryInstant, Credit IFRS 7.35H Disclosure
IFRS 7.35I Disclosure
822390
Financial assets Disclosure MonetaryInstant, Debit IFRS 7.25 Disclosure
IFRS 7.35H Disclosure
IFRS 7.35I Disclosure
IFRS 7.35N Example
800100, 822390
Financial guarantee contracts [member] Disclosure Member IFRS 7.B8E Disclosure 822390
Financial instruments credit-impaired [member] Disclosure Member IFRS 7.35H Disclosure 822390
Financial instruments not credit-impaired [member] Disclosure Member IFRS 7.35H Disclosure 822390
Financial instruments, class [member] Disclosure Member IFRS 7.35H Disclosure
IFRS 7.35K Disclosure
IFRS 7.36 Disclosure
822390, 990000
Gross carrying amount [member] Disclosure Member IAS 16.73 d Disclosure
IAS 38.118 c Disclosure
IAS 40.79 c Disclosure
IAS 41.54 f Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35I Disclosure
IFRS 7.35N Example
817000, 822100, 822390, 823180, 824180, 825100
Loan commitments [member] Disclosure Member IFRS 7.B8E Disclosure 822390
Type of measurement of expected credit losses [axis] Disclosure Axis IFRS 7.35H Disclosure 822390, 990000
Type of measurement of expected credit losses [member] Disclosure Member IFRS 7.35H Disclosure 822390, 990000
Entity's total for external credit grades [member] Example Member IFRS 7.IG20C Example 822390, 836500, 990000
Entity's total for internal credit grades [member] Example Member IFRS 7.IG20C Example 822390, 836500, 990000
Entity's total for probability of default [member] Example Member IFRS 7.IG20C Example 822390, 990000
External credit grades [axis] Example Axis IFRS 7.IG20C Example 822390, 836500, 990000
External credit grades [member] Example Member IFRS 7.IG20C Example 822390, 836500
Internal credit grades [axis] Example Axis IFRS 7.IG20C Example 822390, 836500, 990000
Internal credit grades [member] Example Member IFRS 7.IG20C Example 822390, 836500
Probability of default [axis] Example Axis IFRS 7.IG20C Example 822390, 990000
Probability of default [member] Example Member IFRS 7.IG20C Example 822390

35N

For trade receivables, contract assets and lease receivables to which an entity applies paragraph 5.5.15 of IFRS 9, the information provided in accordance with paragraph 35M may be based on a provision matrix (see paragraph B5.5.35 of IFRS 9).

Accumulated impairment [member] Example Member IAS 16.73 d Common practice
IAS 38.118 c Common practice
IAS 40.79 c Common practice
IAS 41.54 f Common practice
IFRS 3.B67 d Disclosure
IFRS 7.35H Disclosure
817000, 822100, 822390, 823180, 824180, 825100
Contract assets [member] Example Member IFRS 7.35H b (iii) Disclosure
IFRS 7.35M b (iii) Disclosure
822390
Current [member] Example Member IFRS 7.IG20D Example 822390
Disclosure of provision matrix [table] Example Table822390
Disclosure of provision matrix [text block] Example Text block822390
Expected credit loss rate Example Percent IFRS 7.IG20D Example 822390
Financial assets Example MonetaryInstant, Debit IFRS 7.25 Disclosure
IFRS 7.35H Disclosure
IFRS 7.35I Disclosure
IFRS 7.35M Disclosure
800100, 822390
Gross carrying amount [member] Example Member IAS 16.73 d Disclosure
IAS 38.118 c Disclosure
IAS 40.79 c Disclosure
IAS 41.54 f Disclosure
IFRS 3.B67 d Disclosure
IFRS 7.35I Disclosure
IFRS 7.35M Disclosure
817000, 822100, 822390, 823180, 824180, 825100
Later than one month and not later than two months [member] Example Member IAS 1.112 c Common practice
IFRS 7.IG20D Example
822390, 880000
Later than three months [member] Example Member IFRS 7.IG20D Example 822390
Later than two months and not later than three months [member] Example Member IAS 1.112 c Common practice
IFRS 7.IG20D Example
822390, 880000
Lease receivables [member] Example Member IFRS 7.35H b (iii) Disclosure
IFRS 7.35M b (iii) Disclosure
822390
Past due status [axis] Example Axis 822390, 990000
Past due status [member] Example Member 822390, 990000
Trade receivables [member] Example Member IAS 1.112 c Common practice
IFRS 7.35H b (iii) Disclosure
IFRS 7.35M b (iii) Disclosure
822390

36

For all financial instruments within the scope of this IFRS, but to which the impairment requirements in IFRS 9 are not applied, an entity shall disclose by class of financial instrument: [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5, IG6 and IG21]

(a)

the amount that best represents its maximum exposure to credit risk at the end of the reporting period without taking account of any collateral held or other credit enhancements (eg netting agreements that do not qualify for offset in accordance with IAS 32); this disclosure is not required for financial instruments whose carrying amount best represents the maximum exposure to credit risk.

Maximum exposure to credit risk, financial instruments to which impairment requirements in IFRS 9 are not applied Disclosure MonetaryInstant 822390

(b)

a description of collateral held as security and other credit enhancements, and their financial effect (eg quantification of the extent to which collateral and other credit enhancements mitigate credit risk) in respect of the amount that best represents the maximum exposure to credit risk (whether disclosed in accordance with (a) or represented by the carrying amount of a financial instrument).

Description of collateral held as security and other credit enhancements and their financial effect in respect of amount that best represents maximum exposure, financial instruments to which impairment requirements in IFRS 9 are not applied Disclosure Text822390

(c)

[deleted]

(d)

[deleted]

Classes of financial instruments [axis] Disclosure Axis IFRS 7.35H Disclosure
IFRS 7.35K Disclosure
IFRS 7.35M Disclosure
822390, 990000
Financial instruments, class [member] Disclosure Member IFRS 7.35H Disclosure
IFRS 7.35K Disclosure
IFRS 7.35M Disclosure
822390, 990000

37

[Deleted]

Collateral and other credit enhancements obtained

38

When an entity obtains financial or non‑financial assets during the period by taking possession of collateral it holds as security or calling on other credit enhancements (eg guarantees), and such assets meet the recognition criteria in other IFRSs, an entity shall disclose for such assets held at the reporting date:

(a)

the nature and carrying amount of the assets; and

Assets obtained by taking possession of collateral or calling on other credit enhancements Disclosure MonetaryInstant, Debit 822390
Description of nature of assets obtained by taking possession of collateral or calling on other credit enhancements Disclosure Text822390

(b)

when the assets are not readily convertible into cash, its policies for disposing of such assets or for using them in its operations.

Description of policies for disposal or for use in operation of assets obtained by taking possession of collateral or other credit enhancement [text block] Disclosure Text block822390

Liquidity risk

39

An entity shall disclose:

(a)

a maturity analysis for non‑derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities.

Disclosure of maturity analysis for non-derivative financial liabilities [table] Disclosure Table822390
Disclosure of maturity analysis for non-derivative financial liabilities [text block] Disclosure Text block822390
Non-derivative financial liabilities, undiscounted cash flows Disclosure MonetaryInstant, Credit 822390

(b)

a maturity analysis for derivative financial liabilities. The maturity analysis shall include the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of the cash flows (see paragraph B11B).

Derivative financial liabilities, undiscounted cash flows Disclosure MonetaryInstant, Credit 822390
Disclosure of maturity analysis for derivative financial liabilities [table] Disclosure Table822390
Disclosure of maturity analysis for derivative financial liabilities [text block] Disclosure Text block822390

(c)

a description of how it manages the liquidity risk inherent in (a) and (b).E1

Disclosure of how entity manages liquidity risk [text block] Disclosure Text block822390
Disclosure of financial instruments by type of interest rate [table] Common practice Table822390
Disclosure of financial instruments by type of interest rate [text block] Common practice Text block822390
Fixed interest rate [member] Common practice Member822390
Floating interest rate [member] Common practice Member822390
Interest rate types [member] Common practice Member822390, 990000
Types of interest rates [axis] Common practice Axis822390, 990000
E1

[IFRIC® Update, December 2020, Agenda Decision, ‘Supply Chain Financing Arrangements—Reverse Factoring’

The Committee received a request about reverse factoring arrangements. Specifically, the request asked:

a.

how an entity presents liabilities to pay for goods or services received when the related invoices are part of a reverse factoring arrangement; and

b.

what information about reverse factoring arrangements an entity is required to disclose in its financial statements.

In a reverse factoring arrangement, a financial institution agrees to pay amounts an entity owes to the entity’s suppliers and the entity agrees to pay the financial institution at the same date as, or a date later than, suppliers are paid.

...

Notes to the financial statements

Paragraph 31 of IFRS 7 Financial Instruments: Disclosures requires an entity to provide information that enables users of its financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. IFRS 7 defines liquidity risk as ‘the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset’. The Committee observed that reverse factoring arrangements often give rise to liquidity risk because:

a.

the entity has concentrated a portion of its liabilities with one financial institution rather than a diverse group of suppliers. The entity may also obtain other sources of funding from the financial institution providing the reverse factoring arrangement. If the entity were to encounter any difficulty in meeting its obligations, such a concentration would increase the risk that the entity might have to pay a significant amount, at one time, to one counterparty.

b.

the entity may have become reliant on extended payment terms or the entity’s supplier may have become accustomed to, or reliant on, earlier payment under the reverse factoring arrangement. If the financial institution were to withdraw the reverse factoring arrangement, that withdrawal could affect the entity’s ability to settle liabilities when they are due, particularly if the entity were already in financial distress.

Paragraphs 33⁠–⁠35 of IFRS 7 require an entity to disclose how exposures to risk arising from financial instruments, including liquidity risk, arise; the entity’s objectives, policies and processes for managing the risk; summary quantitative data about the entity’s exposure to liquidity risk at the end of the reporting period (including further information if this data is unrepresentative of the entity’s exposure to liquidity risk during the period); and concentrations of risk. Paragraphs 39 and B11F of IFRS 7 specify further requirements and factors an entity might consider in providing liquidity risk disclosures.

...

The Committee concluded that the principles and requirements in IFRS Standards provide an adequate basis for an entity to determine the presentation of liabilities that are part of reverse factoring arrangements, the presentation of the related cash flows, and the information to disclose in the notes about, for example, liquidity risks that arise in such arrangements. Consequently, the Committee decided not to add a standard-setting project on these matters to the work plan.] 

Market risk

[Refer:Appendix A]
Sensitivity analysis

40

Unless an entity complies with paragraph 41, it shall disclose:

(a)

a sensitivity analysis for each type of market risk to which the entity is exposed at the end of the reporting period, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date;

Commodity price risk [member] Example Member IFRS 7.IG32 Example 822390, 861000
Equity price risk [member] Example Member IFRS 7.IG32 Example 822390, 861000
Prepayment risk [member] Example Member IFRS 7.IG32 Example 822390, 861000
Residual value risk [member] Example Member IFRS 7.IG32 Example 822390, 861000
Sensitivity analysis for types of market risk [text block] Disclosure Text block822390

(b)

the methods and assumptions used in preparing the sensitivity analysis; and

Description of methods and assumptions used in preparing sensitivity analysis Disclosure Text822390

(c)

changes from the previous period in the methods and assumptions used, and the reasons for such changes.

Description of changes in methods and assumptions used in preparing sensitivity analysis Disclosure Text822390
Description of reasons for changes in methods and assumptions used in preparing sensitivity analysis Disclosure Text822390

41

If an entity prepares a sensitivity analysis, such as value‑at‑risk, that reflects interdependencies between risk variables (eg interest rates and exchange rates) and uses it to manage financial risks, it may use that sensitivity analysis in place of the analysis specified in paragraph 40. The entity shall also disclose:

(a)

an explanation of the method used in preparing such a sensitivity analysis, and of the main parameters and assumptions underlying the data provided; and

Description of method, parameters and assumptions used in preparing sensitivity analysis reflecting interdependencies between risk variables Disclosure Text822390

(b)

an explanation of the objective of the method used and of limitations that may result in the information not fully reflecting the fair value of the assets and liabilities involved.

Description of objective of method used and limitations that may result in information not fully reflecting fair value of assets and liabilities involved Disclosure Text822390
Value at risk Common practice MonetaryInstant 822390
Other market risk disclosures

42

When the sensitivity analyses disclosed in accordance with paragraph 40 or 41 are unrepresentative of a risk inherent in a financial instrument (for example because the year‑end exposure does not reflect the exposure during the year), the entity shall disclose that fact and the reason it believes the sensitivity analyses are unrepresentative.

Description of fact and reason why sensitivity analyses are unrepresentative Disclosure Text822390

Transfers of financial assets

42A

The disclosure requirements in paragraphs 42B⁠–⁠42H relating to transfers of financial assets supplement the other disclosure requirements of this IFRS. An entity shall present the disclosures required by paragraphs 42B⁠–⁠42H in a single note in its financial statements. An entity shall provide the required disclosures for all transferred financial assets that are not derecognised and for any continuing involvement in a transferred asset, existing at the reporting date, irrespective of when the related transfer transaction occurred. For the purposes of applying the disclosure requirements in those paragraphs, an entity transfers all or a part of a financial asset (the transferred financial asset) if, and only if, it either:

(a)

transfers the contractual rights to receive the cash flows of that financial asset; or

(b)

retains the contractual rights to receive the cash flows of that financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients in an arrangement.

42B

An entity shall disclose information that enables users of its financial statements: [Refer:Conceptual Framework paragraphs 1.2⁠–⁠1.10 and 2.36]

(a)

to understand the relationship between transferred financial assets that are not derecognised in their entirety and the associated liabilities; and

(b)

to evaluate the nature of, and risks associated with, the entity’s continuing involvement in derecognised financial assets.

42C

For the purposes of applying the disclosure requirements in paragraphs 42E⁠–⁠42H, an entity has continuing involvement in a transferred financial asset if, as part of the transfer, the entity retains any of the contractual rights or obligations inherent in the transferred financial asset or obtains any new contractual rights or obligations relating to the transferred financial asset. [Refer:paragraphs B29 and B31] For the purposes of applying the disclosure requirements in paragraphs 42E⁠–⁠42H, the following do not constitute continuing involvement:

(a)

normal representations and warranties relating to fraudulent transfer and concepts of reasonableness, good faith and fair dealings that could invalidate a transfer as a result of legal action;

(b)

forward, option and other contracts to reacquire the transferred financial asset for which the contract price (or exercise price) is the fair value [Refer:IFRS 13] of the transferred financial asset; or

(c)

an arrangement whereby an entity retains the contractual rights to receive the cash flows of a financial asset but assumes a contractual obligation to pay the cash flows to one or more entities and the conditions in paragraph 3.2.5(a)⁠–⁠(c) of IFRS 9 are met.

Transferred financial assets that are not derecognised in their entirety

42D

An entity may have transferred financial assets in such a way that part or all of the transferred financial assets do not qualify for derecognition. To meet the objectives set out in paragraph 42B(a), the entity shall disclose at each reporting date for each class of transferred financial assets that are not derecognised in their entirety: [Refer:paragraph B32]

(a)

the nature of the transferred assets.

Description of nature of transferred financial assets that are not derecognised in their entirety Disclosure Text822390

(b)

the nature of the risks and rewards of ownership to which the entity is exposed.

Description of nature of risks and rewards of ownership to which entity is exposed Disclosure Text822390

(c)

a description of the nature of the relationship between the transferred assets and the associated liabilities, including restrictions arising from the transfer on the reporting entity’s use of the transferred assets.

Description of nature of relationship between transferred financial assets that are not derecognised in their entirety and associated liabilities Disclosure Text822390

(d)

when the counterparty (counterparties) to the associated liabilities has (have) recourse only to the transferred assets, a schedule that sets out the fair value [Refer:IFRS 13] of the transferred assets, the fair value of the associated liabilities and the net position (the difference between the fair value of the transferred assets and the associated liabilities).

Fair value of associated financial liabilities Disclosure MonetaryInstant, Credit 822390
Fair value of transferred financial assets (associated financial liabilities) that are not derecognised in their entirety Disclosure MonetaryInstant, Debit 822390
Fair value of transferred financial assets that are not derecognised in their entirety Disclosure MonetaryInstant, Debit 822390

(e)

when the entity continues to recognise all of the transferred assets, the carrying amounts of the transferred assets and the associated liabilities.

Assets that entity continues to recognise Disclosure MonetaryInstant, Debit 822390
Associated liabilities that entity continues to recognise Disclosure MonetaryInstant, Credit 822390

(f)

when the entity continues to recognise the assets to the extent of its continuing involvement (see paragraphs 3.2.6(c)(ii) and 3.2.16 of IFRS 9), the total carrying amount of the original assets before the transfer, the carrying amount of the assets that the entity continues to recognise, and the carrying amount of the associated liabilities.

Assets that entity continues to recognise to extent of continuing involvement Disclosure MonetaryInstant, Debit 822390
Associated liabilities that entity continues to recognise to extent of continuing involvement Disclosure MonetaryInstant, Credit 822390
Original assets before transfer Disclosure MonetaryInstant, Debit 822390
Disclosure of transferred financial assets that are not derecognised in their entirety [table] Disclosure Table822390
Disclosure of transferred financial assets that are not derecognised in their entirety [text block] Disclosure Text block822390
Transferred financial assets that are not derecognised in their entirety [axis] Disclosure Axis822390, 990000
Transferred financial assets that are not derecognised in their entirety [member] Disclosure Member822390, 990000

Transferred financial assets that are derecognised in their entirety

42E

To meet the objectives set out in paragraph 42B(b), when an entity derecognises transferred financial assets in their entirety (see paragraph 3.2.6(a) and (c)(i) of IFRS 9) but has continuing involvement in them, the entity shall disclose, as a minimum, for each type of continuing involvement at each reporting date:

(a)

the carrying amount of the assets and liabilities that are recognised in the entity’s statement of financial position and represent the entity’s continuing involvement in the derecognised financial assets, and the line items in which the carrying amount of those assets and liabilities are recognised.

Description of line items of recognised assets and liabilities representing continuing involvement in derecognised financial assets Disclosure Text822390
Recognised assets representing continuing involvement in derecognised financial assets Disclosure MonetaryInstant, Debit 822390
Recognised liabilities representing continuing involvement in derecognised financial assets Disclosure MonetaryInstant, Credit 822390

(b)

the fair value [Refer:IFRS 13] of the assets and liabilities that represent the entity’s continuing involvement in the derecognised financial assets.

Fair value of assets representing continuing involvement in derecognised financial assets Disclosure MonetaryInstant, Debit 822390
Fair value of liabilities representing continuing involvement in derecognised financial assets Disclosure MonetaryInstant, Credit 822390

(c)

the amount that best represents the entity’s maximum exposure to loss from its continuing involvement in the derecognised financial assets, and information showing how the maximum exposure to loss is determined.

Information about how maximum exposure to loss from continuing involvement is determined Disclosure Text822390
Maximum exposure to loss from continuing involvement Disclosure MonetaryInstant 822390

(d)

the undiscounted cash outflows that would or may be required to repurchase derecognised financial assets (eg the strike price in an option agreement) or other amounts payable to the transferee in respect of the transferred assets. If the cash outflow is variable then the amount disclosed should be based on the conditions that exist at each reporting date.

Other amounts payable to transferee in respect of transferred assets Disclosure MonetaryInstant, Credit 822390
Undiscounted cash outflow required to repurchase derecognised financial assets Disclosure MonetaryInstant, Credit 822390

(e)

a maturity analysis of the undiscounted cash outflows that would or may be required to repurchase the derecognised financial assets or other amounts payable to the transferee in respect of the transferred assets, showing the remaining contractual maturities of the entity’s continuing involvement.

Disclosure of maturity analysis of undiscounted cash outflows to repurchase derecognised financial assets or amounts payable to transferee in respect of transferred assets [table] Disclosure Table822390
Disclosure of maturity analysis of undiscounted cash outflows to repurchase derecognised financial assets or amounts payable to transferee in respect of transferred assets [text block] Disclosure Text block822390
Maturity [axis] Disclosure Axis IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.23B a Disclosure
IFRS 7.B11 Example
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000

(f)

qualitative information that explains and supports the quantitative disclosures required in (a)⁠–⁠(e).

Qualitative information about continuing involvement in derecognised financial assets Disclosure Text822390
Disclosure of continuing involvement in derecognised financial assets [table] Disclosure Table IFRS 7.42G Disclosure 822390
Disclosure of continuing involvement in derecognised financial assets [text block] Disclosure Text block IFRS 7.42G Disclosure 822390

42F

An entity may aggregate the information required by paragraph 42E in respect of a particular asset if the entity has more than one type of continuing involvement in that derecognised financial asset, and report it under one type of continuing involvement.

42G

In addition, an entity shall disclose for each type of continuing involvement:

(a)

the gain or loss recognised at the date of transfer of the assets.

Gain (loss) of derecognised financial assets at date of transfer Disclosure MonetaryDuration, Credit 822390

(b)

income and expenses recognised, both in the reporting period and cumulatively, from the entity’s continuing involvement in the derecognised financial assets (eg fair value [Refer:IFRS 13] changes in derivative instruments).

Expense from continuing involvement in derecognised financial assets Disclosure MonetaryDuration, Debit 822390
Expense from continuing involvement in derecognised financial assets cumulatively recognised Disclosure MonetaryInstant, Debit 822390
Income from continuing involvement in derecognised financial assets Disclosure MonetaryDuration, Credit 822390
Income from continuing involvement in derecognised financial assets cumulatively recognised Disclosure MonetaryInstant, Credit 822390

(c)

if the total amount of proceeds from transfer activity (that qualifies for derecognition) in a reporting period is not evenly distributed throughout the reporting period (eg if a substantial proportion of the total amount of transfer activity takes place in the closing days of a reporting period):

(i)

when the greatest transfer activity took place within that reporting period (eg the last five days before the end of the reporting period),

Explanation when greatest transfer activity took place Disclosure Text822390

(ii)

the amount (eg related gains or losses) recognised from transfer activity in that part of the reporting period, and

Gain (loss) from transfer activity during period representing greatest transfer activity Disclosure MonetaryDuration, Credit 822390

(iii)

the total amount of proceeds from transfer activity in that part of the reporting period.

Proceeds from transfer activity during period representing greatest transfer activity Disclosure MonetaryDuration, Debit 822390

An entity shall provide this information for each period for which a statement of comprehensive income is presented.

Disclosure of continuing involvement in derecognised financial assets [table] Disclosure Table IFRS 7.42E Disclosure 822390
Disclosure of continuing involvement in derecognised financial assets [text block] Disclosure Text block IFRS 7.42E Disclosure 822390

Supplementary information

42H

An entity shall disclose any additional information that it considers necessary to meet the disclosure objectives in paragraph 42B.

Initial application of IFRS 9

42I

In the reporting period that includes the date of initial application of IFRS 9, the entity shall disclose the following information for each class of financial assets and financial liabilities [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5 and IG6] as at the date of initial application:

(a)

the original measurement category and carrying amount determined in accordance with IAS 39 or in accordance with a previous version of IFRS 9 (if the entity’s chosen approach to applying IFRS 9 involves more than one date of initial application for different requirements);

Financial assets, carrying amount immediately before initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Financial assets, measurement category immediately before initial application of IFRS 9 Disclosure Text822390
Financial liabilities, carrying amount immediately before initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390
Financial liabilities, measurement category immediately before initial application of IFRS 9 Disclosure Text822390

(b)

the new measurement category and carrying amount determined in accordance with IFRS 9;

Financial assets, carrying amount immediately after initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Financial assets, measurement category immediately after initial application of IFRS 9 Disclosure Text822390
Financial liabilities, carrying amount immediately after initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390
Financial liabilities, measurement category immediately after initial application of IFRS 9 Disclosure Text822390

(c)

the amount of any financial assets and financial liabilities in the statement of financial position that were previously designated as measured at fair value through profit or loss but are no longer so designated, distinguishing between those that IFRS 9 requires an entity to reclassify and those that an entity elects to reclassify at the date of initial application.

Financial assets previously designated at fair value through profit or loss but no longer so designated, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Financial assets previously designated at fair value through profit or loss reclassified due to requirements of IFRS 9, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Financial assets previously designated at fair value through profit or loss reclassified voluntarily, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Financial liabilities previously designated at fair value through profit or loss but no longer so designated, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390
Financial liabilities previously designated at fair value through profit or loss reclassified due to requirements of IFRS 9, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390
Financial liabilities previously designated at fair value through profit or loss reclassified voluntarily, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390

In accordance with paragraph 7.2.2 of IFRS 9, depending on the entity’s chosen approach to applying IFRS 9, the transition can involve more than one date of initial application. Therefore this paragraph may result in disclosure on more than one date of initial application. An entity shall present these quantitative disclosures in a table unless another format is more appropriate.

Classes of financial assets [axis] Disclosure Axis Effective 2023-01-01 IFRS 17.C32 Disclosure
IFRS 7.6 Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 836500, 836600, 990000
Classes of financial liabilities [axis] Disclosure Axis IFRS 7.6 Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 990000
Disclosure of financial assets at date of initial application of IFRS 9 [table] Disclosure Table822390
Disclosure of financial assets at date of initial application of IFRS 9 [text block] Disclosure Text block822390
Disclosure of financial liabilities at date of initial application of IFRS 9 [table] Disclosure Table822390
Disclosure of financial liabilities at date of initial application of IFRS 9 [text block] Disclosure Text block822390
Financial assets, class [member] Disclosure Member Effective 2023-01-01 IFRS 17.C32 Disclosure
IFRS 7.6 Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 836500, 836600, 990000
Financial liabilities, class [member] Disclosure Member IFRS 7.6 Disclosure
IFRS 9.7.2.34 Disclosure
Effective 2023-01-01 IFRS 9.7.2.42 Disclosure
822390, 990000

42J

In the reporting period that includes the date of initial application of IFRS 9, an entity shall disclose qualitative information to enable users to understand:

(a)

how it applied the classification requirements in IFRS 9 to those financial assets whose classification has changed as a result of applying IFRS 9.

Information on how entity applied classification requirements in IFRS 9 to financial assets whose classification has changed as result of applying IFRS 9 Disclosure Text822390

(b)

the reasons for any designation or de-designation of financial assets or financial liabilities as measured at fair value through profit or loss at the date of initial application.

Description of reasons for designation or de-designation of financial assets or financial liabilities as measured at fair value through profit or loss at date of initial application of IFRS 9 Disclosure Text822390

In accordance with paragraph 7.2.2 of IFRS 9, depending on the entity’s chosen approach to applying IFRS 9, the transition can involve more than one date of initial application. Therefore this paragraph may result in disclosure on more than one date of initial application.

42K

In the reporting period that an entity first applies the classification and measurement requirements for financial assets in IFRS 9 (ie when the entity transitions from IAS 39 to IFRS 9 for financial assets), it shall present the disclosures set out in paragraphs 42L⁠–⁠42O of this IFRS as required by paragraph 7.2.15 of IFRS 9.

42L

When required by paragraph 42K, an entity shall disclose the changes in the classifications of financial assets and financial liabilities as at the date of initial application of IFRS 9, showing separately:

(a)

the changes in the carrying amounts on the basis of their measurement categories in accordance with IAS 39 (ie not resulting from a change in measurement attribute on transition to IFRS 9); and

Increase (decrease) in financial assets on basis of measurement category, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Increase (decrease) in financial liabilities on basis of measurement category, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390

(b)

the changes in the carrying amounts arising from a change in measurement attribute on transition to IFRS 9.

Increase (decrease) in financial assets arising from change in measurement attribute, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Increase (decrease) in financial liabilities arising from change in measurement attribute, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390

The disclosures in this paragraph need not be made after the annual reporting period in which the entity initially applies the classification and measurement requirements for financial assets in IFRS 9.

42M

When required by paragraph 42K, an entity shall disclose the following for financial assets and financial liabilities that have been reclassified so that they are measured at amortised cost and, in the case of financial assets, that have been reclassified out of fair value through profit or loss so that they are measured at fair value through other comprehensive income, as a result of the transition to IFRS 9:

(a)

the fair value of the financial assets or financial liabilities at the end of the reporting period; and

Fair value of financial assets reclassified as measured at amortised cost, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Fair value of financial assets reclassified out of fair value through profit or loss and into fair value through other comprehensive income, initial application of IFRS 9 Disclosure MonetaryInstant, Debit 822390
Fair value of financial liabilities reclassified as measured at amortised cost, initial application of IFRS 9 Disclosure MonetaryInstant, Credit 822390

(b)

the fair value gain or loss that would have been recognised in profit or loss or other comprehensive income during the reporting period if the financial assets or financial liabilities had not been reclassified.

Fair value gain (loss) that would have been recognised in profit or loss if financial assets had not been reclassified out of fair value through profit or loss and into fair value through other comprehensive income, initial application of IFRS 9 Disclosure MonetaryDuration, Credit 822390
Fair value gain (loss) that would have been recognised in profit or loss or other comprehensive income if financial assets had not been reclassified as measured at amortised cost, initial application of IFRS 9 Disclosure MonetaryDuration, Credit 822390
Fair value gain (loss) that would have been recognised in profit or loss or other comprehensive income if financial liabilities had not been reclassified as measured at amortised cost, initial application of IFRS 9 Disclosure MonetaryDuration, Credit 822390

The disclosures in this paragraph need not be made after the annual reporting period in which the entity initially applies the classification and measurement requirements for financial assets in IFRS 9.

42N

When required by paragraph 42K, an entity shall disclose the following for financial assets and financial liabilities that have been reclassified out of the fair value through profit or loss category as a result of the transition to IFRS 9:

(a)

the effective interest rate determined on the date of initial application; and

Effective interest rate determined on date of reclassification of financial assets out of fair value through profit or loss category, initial application of IFRS 9 Disclosure Percent822390
Effective interest rate determined on date of reclassification of financial liabilities out of fair value through profit or loss category, initial application of IFRS 9 Disclosure Percent822390

(b)

the interest revenue or expense recognised.

Interest revenue (expense) recognised for financial assets reclassified out of fair value through profit or loss category, initial application of IFRS 9 Disclosure MonetaryDuration, Credit 822390
Interest revenue (expense) recognised for financial liabilities reclassified out of fair value through profit or loss category, initial application of IFRS 9 Disclosure MonetaryDuration, Credit 822390

If an entity treats the fair value of a financial asset or a financial liability as the new gross carrying amount at the date of initial application (see paragraph 7.2.11 of IFRS 9), the disclosures in this paragraph shall be made for each reporting period until derecognition. Otherwise, the disclosures in this paragraph need not be made after the annual reporting period in which the entity initially applies the classification and measurement requirements for financial assets in IFRS 9.

42O

When an entity presents the disclosures set out in paragraphs 42K⁠–⁠42N, those disclosures, and the disclosures in paragraph 25 of this IFRS, must permit reconciliation between:

(a)

the measurement categories presented in accordance with IAS 39 and IFRS 9; and

(b)

the class of financial instrument [Refer:paragraphs 6 and B1⁠–⁠B3 and Implementation Guidance paragraphs IG5 and IG6]

as at the date of initial application.

42P

On the date of initial application of Section 5.5 of IFRS 9, an entity is required to disclose information that would permit the reconciliation of the ending impairment allowances in accordance with IAS 39 and the provisions in accordance with IAS 37 to the opening loss allowances determined in accordance with IFRS 9. For financial assets, this disclosure shall be provided by the related financial assets’ measurement categories in accordance with IAS 39 and IFRS 9, and shall show separately the effect of the changes in the measurement category on the loss allowance at that date.

Explanation of initial application of impairment requirements for financial instruments [text block] Disclosure Text block822390

42Q

In the reporting period that includes the date of initial application of IFRS 9, an entity is not required to disclose the line item amounts that would have been reported in accordance with the classification and measurement requirements (which includes the requirements related to amortised cost measurement of financial assets and impairment in Sections 5.4 and 5.5 of IFRS 9) of:

(a)

IFRS 9 for prior periods; and

(b)

IAS 39 for the current period.

42R

In accordance with paragraph 7.2.4 of IFRS 9, if it is impracticable (as defined in IAS 8) at the date of initial application of IFRS 9 for an entity to assess a modified time value of money element in accordance with paragraphs B4.1.9B⁠–⁠B4.1.9D of IFRS 9 based on the facts and circumstances that existed at the initial recognition of the financial asset, an entity shall assess the contractual cash flow characteristics of that financial asset based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the requirements related to the modification of the time value of money element in paragraphs B4.1.9B⁠–⁠B4.1.9D of IFRS 9. An entity shall disclose the carrying amount at the reporting date of the financial assets whose contractual cash flow characteristics have been assessed based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the requirements related to the modification of the time value of money element in paragraphs B4.1.9B⁠–⁠B4.1.9D of IFRS 9 until those financial assets are derecognised.

Financial assets whose contractual cash flow characteristics have been assessed based on facts and circumstances at initial recognition without taking into account requirements related to modification of time value of money element Disclosure MonetaryInstant, Debit 822390

42S

In accordance with paragraph 7.2.5 of IFRS 9, if it is impracticable (as defined in IAS 8) at the date of initial application for an entity to assess whether the fair value of a prepayment feature was insignificant in accordance with paragraphs B4.1.12(c) of IFRS 9 based on the facts and circumstances that existed at the initial recognition of the financial asset, an entity shall assess the contractual cash flow characteristics of that financial asset based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the exception for prepayment features in paragraph B4.1.12 of IFRS 9. An entity shall disclose the carrying amount at the reporting date of the financial assets whose contractual cash flow characteristics have been assessed based on the facts and circumstances that existed at the initial recognition of the financial asset without taking into account the exception for prepayment features in paragraph B4.1.12 of IFRS 9 until those financial assets are derecognised.

Financial assets whose contractual cash flow characteristics have been assessed based on facts and circumstances at initial recognition without taking into account exception for prepayment features Disclosure MonetaryInstant, Debit 822390

Effective date and transition

43

An entity shall apply this IFRS for annual periods beginning on or after 1 January 2007. Earlier application is encouraged. If an entity applies this IFRS for an earlier period, it shall disclose that fact.

44

If an entity applies this IFRS for annual periods beginning before 1 January 2006, it need not present comparative information for the disclosures required by paragraphs 31⁠–⁠42 about the nature and extent of risks arising from financial instruments.

44A

IAS 1 (as revised in 2007) amended the terminology used throughout IFRSs. In addition it amended paragraphs 202123(c) and (d)27(c) and B5 of Appendix B. An entity shall apply those amendments for annual periods beginning on or after 1 January 2009. If an entity applies IAS 1 (revised 2007) for an earlier period, the amendments shall be applied for that earlier period.

44B

IFRS 3 (as revised in 2008) deleted paragraph 3(c). An entity shall apply that amendment for annual periods beginning on or after 1 July 2009. If an entity applies IFRS 3 (revised 2008) for an earlier period, the amendment shall also be applied for that earlier period. However, the amendment does not apply to contingent consideration that arose from a business combination for which the acquisition date preceded the application of IFRS 3 (revised 2008). Instead, an entity shall account for such consideration in accordance with paragraphs 65A⁠–⁠65E of IFRS 3 (as amended in 2010).

44C

An entity shall apply the amendment in paragraph 3 for annual periods beginning on or after 1 January 2009. If an entity applies Puttable Financial Instruments and Obligations Arising on Liquidation (Amendments to IAS 32 and IAS 1), issued in February 2008, for an earlier period, the amendment in paragraph 3 shall be applied for that earlier period.

44D

Paragraph 3(a) was amended by Improvements to IFRSs issued in May 2008. An entity shall apply that amendment for annual periods beginning on or after 1 January 2009. Earlier application is permitted. If an entity applies the amendment for an earlier period it shall disclose that fact and apply for that earlier period the amendments to paragraph 1 of IAS 28, paragraph 1 of IAS 31 and paragraph 4 of IAS 32 issued in May 2008. An entity is permitted to apply the amendment prospectively.

44E

[Deleted]

44F

[Deleted]

44G

Improving Disclosures about Financial Instruments (Amendments to IFRS 7), issued in March 2009, amended paragraphs 27, 39 and B11 and added paragraphs 27A, 27B, B10A and B11A⁠–⁠B11F. An entity shall apply those amendments for annual periods beginning on or after 1 January 2009. An entity need not provide the disclosures required by the amendments for:

(a)

any annual or interim period, including any statement of financial position, presented within an annual comparative period ending before 31 December 2009, or

(b)

any statement of financial position as at the beginning of the earliest comparative period as at a date before 31 December 2009.

Earlier application is permitted. If an entity applies the amendments for an earlier period, it shall disclose that fact.1

44H⁠–44J

[Deleted]

44K

Paragraph 44B was amended by Improvements to IFRSs issued in May 2010. An entity shall apply that amendment for annual periods beginning on or after 1 July 2010. Earlier application is permitted.

44L

Improvements to IFRSs issued in May 2010 added paragraph 32A and amended paragraphs 34 and 36⁠–⁠38. An entity shall apply those amendments for annual periods beginning on or after 1 January 2011. Earlier application is permitted. If an entity applies the amendments for an earlier period it shall disclose that fact.

44M

Disclosures—Transfers of Financial Assets (Amendments to IFRS 7), issued in October 2010, deleted paragraph 13 and added paragraphs 42A⁠–⁠42H and B29⁠–⁠B39. An entity shall apply those amendments for annual periods beginning on or after 1 July 2011. Earlier application is permitted. If an entity applies the amendments from an earlier date, it shall disclose that fact. An entity need not provide the disclosures required by those amendments for any period presented that begins before the date of initial application of the amendments.

44N

[Deleted]

44O

IFRS 10 and IFRS 11 Joint Arrangements, issued in May 2011, amended paragraph 3. An entity shall apply that amendment when it applies IFRS 10 and IFRS 11.

44P

IFRS 13, issued in May 2011, amended paragraphs 3, 28 and 29 and Appendix A and deleted paragraphs 27⁠–⁠27B. An entity shall apply those amendments when it applies IFRS 13.

44Q

Presentation of Items of Other Comprehensive Income (Amendments to IAS 1), issued in June 2011, amended paragraph 27B. An entity shall apply that amendment when it applies IAS 1 as amended in June 2011.

44R

Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7), issued in December 2011, added paragraphs 13A⁠–⁠13F and B40⁠–⁠B53. An entity shall apply those amendments for annual periods beginning on or after 1 January 2013. An entity shall provide the disclosures required by those amendments retrospectively.

44S⁠–44W

[Deleted]

44X

Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012, amended paragraph 3. An entity shall apply that amendment for annual periods beginning on or after 1 January 2014. Earlier application of Investment Entities is permitted. If an entity applies that amendment earlier it shall also apply all amendments included in Investment Entities at the same time.

44Y

[Deleted]

44Z

IFRS 9, as issued in July 2014, amended paragraphs 2⁠–⁠5, 8⁠–⁠11, 14, 20, 28⁠–⁠30, 36, 42C⁠–⁠42E, Appendix A and paragraphs B1, B5, B9, B10, B22 and B27, deleted paragraphs 12, 12A, 16, 22⁠–⁠24, 37, 44E, 44F, 44H⁠–⁠44J, 44N, 44S⁠–⁠44W, 44Y, B4 and Appendix D and added paragraphs 5A, 10A, 11A, 11B, 12B⁠–⁠12D, 16A, 20A, 21A⁠–⁠21D, 22A⁠–⁠22C, 23A⁠–⁠23F, 24A⁠–⁠24G, 35A⁠–⁠35N, 42I⁠–⁠42S, 44ZA and B8A⁠–⁠B8J. An entity shall apply those amendments when it applies IFRS 9. Those amendments need not be applied to comparative information provided for periods before the date of initial application of IFRS 9.

44ZA

In accordance with paragraph 7.1.2 of IFRS 9, for annual reporting periods prior to 1 January 2018, an entity may elect to early apply only the requirements for the presentation of gains and losses on financial liabilities designated as at fair value through profit or loss in paragraphs 5.7.1(c), 5.7.7⁠–⁠5.7.9, 7.2.14 and B5.7.5⁠–⁠B5.7.20 of IFRS 9 without applying the other requirements in IFRS 9. If an entity elects to apply only those paragraphs of IFRS 9, it shall disclose that fact and provide on an ongoing basis the related disclosures set out in paragraphs 10⁠–⁠11 of this IFRS (as amended by IFRS 9 (2010)).

44AA

Annual Improvements to IFRSs 2012⁠–⁠2014 Cycle, issued in September 2014, amended paragraphs 44R and B30 and added paragraph B30A. An entity shall apply those amendments retrospectively in accordance with IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors for annual periods beginning on or after 1 January 2016, except that an entity need not apply the amendments to paragraphs B30 and B30A for any period presented that begins before the annual period for which the entity first applies those amendments. Earlier application of the amendments to paragraphs 44R, B30 and B30A is permitted. If an entity applies those amendments for an earlier period it shall disclose that fact.

44BB

Disclosure Initiative (Amendments to IAS 1), issued in December 2014, amended paragraphs 21 and B5. An entity shall apply those amendments for annual periods beginning on or after 1 January 2016. Earlier application of those amendments is permitted.

44CC

IFRS 16 Leases, issued in January 2016, amended paragraphs 29 and B11D. An entity shall apply those amendments when it applies IFRS 16.

44DD

IFRS 17, issued in May 2017, amended paragraphs 3, 8 and 29 and deleted paragraph 30. Amendments to IFRS 17, issued in June 2020, further amended paragraph 3. An entity shall apply those amendments when it applies IFRS 17.

44EE

Interest Rate Benchmark Reform, which amended IFRS 9IAS 39 and IFRS 7, issued in September 2019, added paragraphs 24H and 44FF. An entity shall apply these amendments when it applies the amendments to IFRS 9 or IAS 39.

44FF

In the reporting period in which an entity first applies Interest Rate Benchmark Reform, issued in September 2019, an entity is not required to present the quantitative information required by paragraph 28(f) of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.

44GG

Interest Rate Benchmark Reform—Phase 2, which amended IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16, issued in August 2020, added paragraphs 24I⁠–⁠24J and 44HH. An entity shall apply these amendments when it applies the amendments to IFRS 9, IAS 39, IFRS 4 or IFRS 16.

44HH

In the reporting period in which an entity first applies Interest Rate Benchmark Reform—Phase 2, an entity is not required to disclose the information that would otherwise be required by paragraph 28(f) of IAS 8.

44II

Disclosure of Accounting Policies, which amends IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements, and was issued in February 2021, amended paragraphs 21 and B5. An entity shall apply that amendment for annual reporting periods beginning on or after 1 January 2023. Earlier application is permitted. If an entity applies the amendment for an earlier period, it shall disclose that fact.

Withdrawal of IAS 30

45

This IFRS supersedes IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions.

Appendices

Appendix ADefined terms

This appendix is an integral part of the IFRS.

credit risk

The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.

credit risk rating grades

Rating of credit risk based on the risk of a default occurring on the financial instrument.

currency risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.

interest rate risk 

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

liquidity risk

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.

loans payable

Loans payable are financial liabilities, other than short‑term trade payables on normal credit terms.

market risk

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency riskinterest rate risk and other price risk.

other price risk 

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer or by factors affecting all similar financial instruments traded in the market.

The following terms are defined in paragraph 11 of IAS 32paragraph 9 of IAS 39Appendix A of IFRS 9 or Appendix A of IFRS 13 and are used in this IFRS with the meaning specified in IAS 32IAS 39IFRS 9 and IFRS 13.

Appendix BApplication guidance

This appendix is an integral part of the IFRS.

Classes of financial instruments and level of disclosure (paragraph 6)

B1

Paragraph 6 requires an entity to group financial instruments into classes that are appropriate to the nature of the information disclosed and that take into account the characteristics of those financial instruments. The classes described in paragraph 6 are determined by the entity and are, thus, distinct from the categories of financial instruments specified in IFRS 9 (which determine how financial instruments are measured and where changes in fair value are recognised).

B2

In determining classes of financial instrument, an entity shall, at a minimum:

(a)

distinguish instruments measured at amortised cost from those measured at fair value.

Financial assets at amortised cost, class [member] Disclosure Member822390
Financial assets at fair value, class [member] Disclosure Member822390
Financial liabilities at amortised cost, class [member] Disclosure Member822390
Financial liabilities at fair value, class [member] Disclosure Member822390

(b)

treat as a separate class or classes those financial instruments outside the scope of this IFRS.

Financial assets outside scope of IFRS 7, class [member] Disclosure Member822390
Financial liabilities outside scope of IFRS 7, class [member] Disclosure Member822390

B3

An entity decides, in the light of its circumstances, how much detail it provides to satisfy the requirements of this IFRS, how much emphasis it places on different aspects of the requirements and how it aggregates information to display the overall picture without combining information with different characteristics. It is necessary to strike a balance between overburdening financial statements with excessive detail that may not assist users of financial statements and obscuring important information as a result of too much aggregation. For example, an entity shall not obscure important information by including it among a large amount of insignificant detail. Similarly, an entity shall not disclose information that is so aggregated that it obscures important differences between individual transactions or associated risks.

B4

[Deleted]

Other disclosure – accounting policies (paragraph 21)

B5

Paragraph 21 requires disclosure of material accounting policy information, which is expected to include information about the measurement basis (or bases) for financial instruments used in preparing the financial statements. For financial instruments, such disclosure may include:

(a)

for financial liabilities designated as at fair value through profit or loss:

(i)

the nature of the financial liabilities the entity has designated as at fair value through profit or loss;

(ii)

the criteria for so designating such financial liabilities on initial recognition; and

(iii)

how the entity has satisfied the conditions in paragraph 4.2.2 of IFRS 9 for such designation.

(aa)

for financial assets designated as measured at fair value through profit or loss:

(i)

the nature of the financial assets the entity has designated as measured at fair value through profit or loss; and

(ii)

how the entity has satisfied the criteria in paragraph 4.1.5 of IFRS 9 for such designation.

(b)

[deleted]

(c)

whether regular way purchases and sales of financial assets are accounted for at trade date or at settlement date (see paragraph 3.1.2 of IFRS 9).

(d)

[deleted]

(e)

how net gains or net losses on each category of financial instrument are determined (see paragraph 20(a)), for example, whether the net gains or net losses on items at fair value through profit or loss include interest or dividend income.

(f)

[deleted]

(g)

[deleted]

Paragraph 122 of IAS 1 (as revised in 2007) also requires entities to disclose, along with material accounting policy information or other notes, the judgements, apart from those involving estimations, that management has made in the process of applying the entity’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Nature and extent of risks arising from financial instruments(paragraphs 31⁠–⁠42)

B6

The disclosures required by paragraphs 31⁠–⁠42 shall be either given in the financial statements or incorporated by cross‑reference from the financial statements to some other statement, such as a management commentary or risk report, that is available to users of the financial statements on the same terms as the financial statements and at the same time. Without the information incorporated by cross‑reference, the financial statements are incomplete.

Description of cross-reference to disclosures about nature and extent of risks arising from financial instruments Disclosure Text822390

Quantitative disclosures (paragraph 34)

B7

Paragraph 34(a) requires disclosures of summary quantitative data about an entity’s exposure to risks based on the information provided internally to key management personnel of the entity. When an entity uses several methods to manage a risk exposure, the entity shall disclose information using the method or methods that provide the most relevant and reliable information. IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors discusses relevance and reliability.

B8

Paragraph 34(c) requires disclosures about concentrations of risk. Concentrations of risk arise from financial instruments that have similar characteristics and are affected similarly by changes in economic or other conditions. The identification of concentrations of risk requires judgement taking into account the circumstances of the entity. Disclosure of concentrations of risk shall include:

(a)

a description of how management determines concentrations;

Description of how management determines concentrations Disclosure Text822390

(b)

a description of the shared characteristic that identifies each concentration (eg counterparty, geographical area, currency or market); and

Description of shared characteristic for concentration Disclosure Text822390

(c)

the amount of the risk exposure associated with all financial instruments sharing that characteristic.

Risk exposure associated with instruments sharing characteristic Disclosure MonetaryInstant 822390

Credit risk management practices (paragraphs 35F⁠–⁠35G)

B8A

Paragraph 35F(b) requires the disclosure of information about how an entity has defined default for different financial instruments and the reasons for selecting those definitions. In accordance with paragraph 5.5.9 of IFRS 9, the determination of whether lifetime expected credit losses should be recognised is based on the increase in the risk of a default occurring since initial recognition. Information about an entity’s definitions of default that will assist users of financial statements in understanding how an entity has applied the expected credit loss requirements in IFRS 9 may include:

(a)

the qualitative and quantitative factors considered in defining default;

(b)

whether different definitions have been applied to different types of financial instruments; and

(c)

assumptions about the cure rate (ie the number of financial assets that return to a performing status) after a default occurred on the financial asset.

B8B

To assist users of financial statements in evaluating an entity’s restructuring and modification policies, paragraph 35F(f)(ii) requires the disclosure of information about how an entity monitors the extent to which the loss allowance on financial assets previously disclosed in accordance with paragraph 35F(f)(i) are subsequently measured at an amount equal to lifetime expected credit losses in accordance with paragraph 5.5.3 of IFRS 9. Quantitative information that will assist users in understanding the subsequent increase in credit risk of modified financial assets may include information about modified financial assets meeting the criteria in paragraph 35F(f)(i) for which the loss allowance has reverted to being measured at an amount equal to lifetime expected credit losses (ie a deterioration rate).

B8C

Paragraph 35G(a) requires the disclosure of information about the basis of inputs and assumptions and the estimation techniques used to apply the impairment requirements in IFRS 9. An entity’s assumptions and inputs used to measure expected credit losses or determine the extent of increases in credit risk since initial recognition may include information obtained from internal historical information or rating reports and assumptions about the expected life of financial instruments and the timing of the sale of collateral.

Changes in the loss allowance (paragraph 35H)

B8D

In accordance with paragraph 35H, an entity is required to explain the reasons for the changes in the loss allowance during the period. In addition to the reconciliation from the opening balance to the closing balance of the loss allowance, it may be necessary to provide a narrative explanation of the changes. This narrative explanation may include an analysis of the reasons for changes in the loss allowance during the period, including:

(a)

the portfolio composition;

(b)

the volume of financial instruments purchased or originated; and

(c)

the severity of the expected credit losses.

Explanation of reasons for changes in loss allowance for financial instruments Example Text822390

B8E

For loan commitments and financial guarantee contracts the loss allowance is recognised as a provision. An entity should disclose information about the changes in the loss allowance for financial assets separately from those for loan commitments and financial guarantee contracts. However, if a financial instrument includes both a loan (ie financial asset) and an undrawn commitment (ie loan commitment) component and the entity cannot separately identify the expected credit losses on the loan commitment component from those on the financial asset component, the expected credit losses on the loan commitment should be recognised together with the loss allowance for the financial asset. To the extent that the combined expected credit losses exceed the gross carrying amount of the financial asset, the expected credit losses should be recognised as a provision.

Financial guarantee contracts [member] Disclosure Member IFRS 7.35M Disclosure 822390
Loan commitments [member] Disclosure Member IFRS 7.35M Disclosure 822390

Collateral (paragraph 35K)

B8F

Paragraph 35K requires the disclosure of information that will enable users of financial statements to understand the effect of collateral and other credit enhancements on the amount of expected credit losses. An entity is neither required to disclose information about the fair value of collateral and other credit enhancements nor is it required to quantify the exact value of the collateral that was included in the calculation of expected credit losses (ie the loss given default).

B8G

A narrative description of collateral and its effect on amounts of expected credit losses might include information about:

(a)

the main types of collateral held as security and other credit enhancements (examples of the latter being guarantees, credit derivatives and netting agreements that do not qualify for offset in accordance with IAS 32);

(b)

the volume of collateral held and other credit enhancements and its significance in terms of the loss allowance;

(c)

the policies and processes for valuing and managing collateral and other credit enhancements;

(d)

the main types of counterparties to collateral and other credit enhancements and their creditworthiness; and

(e)

information about risk concentrations within the collateral and other credit enhancements.

Credit risk exposure (paragraphs 35M⁠–⁠35N)

B8H

Paragraph 35M requires the disclosure of information about an entity’s credit risk exposure and significant concentrations of credit risk at the reporting date. A concentration of credit risk exists when a number of counterparties are located in a geographical region or are engaged in similar activities and have similar economic characteristics that would cause their ability to meet contractual obligations to be similarly affected by changes in economic or other conditions. An entity should provide information that enables users of financial statements to understand whether there are groups or portfolios of financial instruments with particular features that could affect a large portion of that group of financial instruments such as concentration to particular risks. This could include, for example, loan-to-value groupings, geographical, industry or issuer-type concentrations.

Information about groups or portfolios of financial instruments with particular features that could affect large portion of that group Disclosure Text822390

B8I

The number of credit risk rating grades used to disclose the information in accordance with paragraph 35M shall be consistent with the number that the entity reports to key management personnel for credit risk management purposes. If past due information is the only borrower‑specific information available and an entity uses past due information to assess whether credit risk has increased significantly since initial recognition in accordance with paragraph 5.5.11 of IFRS 9, an entity shall provide an analysis by past due status for those financial assets.

B8J

When an entity has measured expected credit losses on a collective basis, the entity may not be able to allocate the gross carrying amount of individual financial assets or the exposure to credit risk on loan commitments and financial guarantee contracts to the credit risk rating grades for which lifetime expected credit losses are recognised. In that case, an entity should apply the requirement in paragraph 35M to those financial instruments that can be directly allocated to a credit risk rating grade and disclose separately the gross carrying amount of financial instruments for which lifetime expected credit losses have been measured on a collective basis.

Maximum credit risk exposure (paragraph 36(a))

B9

Paragraphs 35K(a) and 36(a) require disclosure of the amount that best represents the entity’s maximum exposure to credit risk. For a financial asset, this is typically the gross carrying amount, net of:

(a)

any amounts offset in accordance with IAS 32; and

(b)

any loss allowance recognised in accordance with IFRS 9.

B10

Activities that give rise to credit risk and the associated maximum exposure to credit risk include, but are not limited to:

(a)

granting loans to customers and placing deposits with other entities. In these cases, the maximum exposure to credit risk is the carrying amount of the related financial assets.

(b)

entering into derivative contracts, eg foreign exchange contracts, interest rate swaps and credit derivatives. When the resulting asset is measured at fair value, the maximum exposure to credit risk at the end of the reporting period will equal the carrying amount.

(c)

granting financial guarantees. In this case, the maximum exposure to credit risk is the maximum amount the entity could have to pay if the guarantee is called on, which may be significantly greater than the amount recognised as a liability.

(d)

making a loan commitment that is irrevocable over the life of the facility or is revocable only in response to a material adverse change. If the issuer cannot settle the loan commitment net in cash or another financial instrument, the maximum credit exposure is the full amount of the commitment. This is because it is uncertain whether the amount of any undrawn portion may be drawn upon in the future. This may be significantly greater than the amount recognised as a liability.

Quantitative liquidity risk disclosures (paragraphs 34(a) and 39(a) and (b))

B10A

In accordance with paragraph 34(a) an entity discloses summary quantitative data about its exposure to liquidity risk on the basis of the information provided internally to key management personnel. An entity shall explain how those data are determined. If the outflows of cash (or another financial asset) included in those data could either:

(a)

occur significantly earlier than indicated in the data, or

(b)

be for significantly different amounts from those indicated in the data (eg for a derivative that is included in the data on a net settlement basis but for which the counterparty has the option to require gross settlement),

the entity shall state that fact and provide quantitative information that enables users of its financial statements to evaluate the extent of this risk unless that information is included in the contractual maturity analyses required by paragraph 39(a) or (b).

B11

In preparing the maturity analyses required by paragraph 39(a) and (b), an entity uses its judgement to determine an appropriate number of time bands. For example, an entity might determine that the following time bands are appropriate:

(a)

not later than one month;

Not later than one month [member] Example Member IFRS 7.B35 a Example
IFRS 7.IG31A Example
822390

(b)

later than one month and not later than three months;

Later than one month and not later than three months [member] Example Member IFRS 7.B35 b Example
IFRS 7.IG31A Example
822390

(c)

later than three months and not later than one year; and

Later than three months and not later than one year [member] Example Member822390

(d)

later than one year and not later than five years.

Later than one year and not later than five years [member] Example Member IFRS 7.IG31A Example 822390
Aggregated time bands [member] Example Member IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.23B a Disclosure
IFRS 7.B35 Example
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000
Later than fifteen years and not later than twenty years [member] Example Member IFRS 7.IG31A Example 822390
Later than five years [member] Example Member IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.B35 g Example
IFRS 7.IG31A Example
822390, 832610, 836600
Later than five years and not later than seven years [member] Example Member IFRS 7.IG31A Example 822390
Later than five years and not later than ten years [member] Example Member IAS 1.112 c Common practice
IFRS 7.IG31A Example
822390, 880000
Later than four years and not later than five years [member] Example Member IAS 1.112 c Common practice
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.IG31A Example
822390, 832610, 836600, 880000
Later than one month and not later than six months [member] Example Member IFRS 7.IG31A Example 880000
Later than one year and not later than three years [member] Example Member IFRS 7.B35 e Example
IFRS 7.IG31A Example
822390
Later than one year and not later than two years [member] Example Member IAS 1.112 c Common practice
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.IG31A Example
822390, 832610, 836600, 880000
Later than seven years and not later than ten years [member] Example Member IFRS 7.IG31A Example 822390
Later than six months and not later than one year [member] Example Member IFRS 7.B35 d Example
IFRS 7.IG31A Example
822390
Later than ten years [member] Example Member IAS 1.112 c Common practice
IFRS 7.IG31A Example
822390, 880000
Later than ten years and not later than fifteen years [member] Example Member IFRS 7.IG31A Example 822390
Later than three months and not later than six months [member] Example Member IFRS 7.B35 c Example
IFRS 7.IG31A Example
822390
Later than three years [member] Example Member IFRS 7.IG31A Example 880000
Later than three years and not later than five years [member] Example Member IFRS 7.B35 f Example
IFRS 7.IG31A Example
822390
Later than three years and not later than four years [member] Example Member IAS 1.112 c Common practice
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.IG31A Example
822390, 832610, 836600, 880000
Later than twenty years and not later than twenty-five years [member] Example Member IFRS 7.IG31A Example 822390
Later than two years and not later than three years [member] Example Member IAS 1.112 c Common practice
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.IG31A Example
822390, 832610, 836600, 880000
Maturity [axis] Example Axis IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.23B a Disclosure
IFRS 7.42E e Disclosure
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000
Not later than one year [member] Example Member IAS 1.61 a Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.IG31A Example
810000, 822390, 832610, 836600

B11A

In complying with paragraph 39(a) and (b), an entity shall not separate an embedded derivative from a hybrid (combined) financial instrument. For such an instrument, an entity shall apply paragraph 39(a).

B11B

Paragraph 39(b) requires an entity to disclose a quantitative maturity analysis for derivative financial liabilities that shows remaining contractual maturities if the contractual maturities are essential for an understanding of the timing of the cash flows. For example, this would be the case for:

(a)

an interest rate swap with a remaining maturity of five years in a cash flow hedge of a variable rate financial asset or liability.

(b)

all loan commitments.

B11C

Paragraph 39(a) and (b) requires an entity to disclose maturity analyses for financial liabilities that show the remaining contractual maturities for some financial liabilities. In this disclosure:

(a)

when a counterparty has a choice of when an amount is paid, the liability is allocated to the earliest period in which the entity can be required to pay. For example, financial liabilities that an entity can be required to repay on demand (eg demand deposits) are included in the earliest time band.

(b)

when an entity is committed to make amounts available in instalments, each instalment is allocated to the earliest period in which the entity can be required to pay. For example, an undrawn loan commitment is included in the time band containing the earliest date it can be drawn down.

(c)

for issued financial guarantee contracts the maximum amount of the guarantee is allocated to the earliest period in which the guarantee could be called.

B11D

The contractual amounts disclosed in the maturity analyses as required by paragraph 39(a) and (b) are the contractual undiscounted cash flows, for example:

(a)

gross lease liabilities (before deducting finance charges);

Gross lease liabilities Example MonetaryInstant, Credit IFRS 16.58 Disclosure 822390

(b)

prices specified in forward agreements to purchase financial assets for cash;

Prices specified in forward agreements to purchase financial assets for cash Example MonetaryInstant, Credit 822390

(c)

net amounts for pay‑floating/receive‑fixed interest rate swaps for which net cash flows are exchanged;

Net amounts for pay-floating (receive-fixed) interest rate swaps for which net cash flows are exchanged Example MonetaryInstant, Credit 822390

(d)

contractual amounts to be exchanged in a derivative financial instrument (eg a currency swap) for which gross cash flows are exchanged; and

Contractual amounts to be exchanged in derivative financial instrument for which gross cash flows are exchanged Example MonetaryInstant, Credit 822390

(e)

gross loan commitments.

Gross loan commitments Example MonetaryInstant, Credit 822390

Such undiscounted cash flows differ from the amount included in the statement of financial position because the amount in that statement is based on discounted cash flows. When the amount payable is not fixed, the amount disclosed is determined by reference to the conditions existing at the end of the reporting period. For example, when the amount payable varies with changes in an index, the amount disclosed may be based on the level of the index at the end of the period.

Bank borrowings, undiscounted cash flows Example MonetaryInstant, Credit IFRS 7.IG31A Example 822390
Bonds issued, undiscounted cash flows Example MonetaryInstant, Credit IFRS 7.IG31A Example 822390
Trade and other payables, undiscounted cash flows Example MonetaryInstant, Credit IFRS 7.IG31A Example 822390

B11E

Paragraph 39(c) requires an entity to describe how it manages the liquidity risk inherent in the items disclosed in the quantitative disclosures required in paragraph 39(a) and (b). An entity shall disclose a maturity analysis of financial assets it holds for managing liquidity risk (eg financial assets that are readily saleable or expected to generate cash inflows to meet cash outflows on financial liabilities), if that information is necessary to enable users of its financial statements to evaluate the nature and extent of liquidity risk.

Disclosure of maturity analysis for financial assets held for managing liquidity risk [table] Disclosure Table822390
Disclosure of maturity analysis for financial assets held for managing liquidity risk [text block] Disclosure Text block822390
Financial assets held for managing liquidity risk Disclosure MonetaryInstant, Debit 822390

B11F

Other factors that an entity might consider in providing the disclosure required in paragraph 39(c) include, but are not limited to, whether the entity:

(a)

has committed borrowing facilities (eg commercial paper facilities) or other lines of credit (eg stand‑by credit facilities) that it can access to meet liquidity needs;

(b)

holds deposits at central banks to meet liquidity needs;

(c)

has very diverse funding sources;

(d)

has significant concentrations of liquidity risk in either its assets or its funding sources;

(e)

has internal control processes and contingency plans for managing liquidity risk;

(f)

has instruments that include accelerated repayment terms (eg on the downgrade of the entity’s credit rating);

(g)

has instruments that could require the posting of collateral (eg margin calls for derivatives);

(h)

has instruments that allow the entity to choose whether it settles its financial liabilities by delivering cash (or another financial asset) or by delivering its own shares; or

(i)

has instruments that are subject to master netting agreements.

B12⁠–B16

[Deleted]

Market risk – sensitivity analysis (paragraphs 40 and 41)

B17

Paragraph 40(a) requires a sensitivity analysis for each type of market risk to which the entity is exposed. In accordance with paragraph B3, an entity decides how it aggregates information to display the overall picture without combining information with different characteristics about exposures to risks from significantly different economic environments. For example:

(a)

an entity that trades financial instruments might disclose this information separately for financial instruments held for trading and those not held for trading.

(b)

an entity would not aggregate its exposure to market risks from areas of hyperinflation with its exposure to the same market risks from areas of very low inflation.

If an entity has exposure to only one type of market risk in only one economic environment, it would not show disaggregated information.

B18

Paragraph 40(a) requires the sensitivity analysis to show the effect on profit or loss and equity of reasonably possible changes in the relevant risk variable (eg prevailing market interest rates, currency rates, equity prices or commodity prices). For this purpose:

(a)

entities are not required to determine what the profit or loss for the period would have been if relevant risk variables had been different. Instead, entities disclose the effect on profit or loss and equity at the end of the reporting period assuming that a reasonably possible change in the relevant risk variable had occurred at the end of the reporting period and had been applied to the risk exposures in existence at that date. For example, if an entity has a floating rate liability at the end of the year, the entity would disclose the effect on profit or loss (ie interest expense) for the current year if interest rates had varied by reasonably possible amounts.

(b)

entities are not required to disclose the effect on profit or loss and equity for each change within a range of reasonably possible changes of the relevant risk variable. Disclosure of the effects of the changes at the limits of the reasonably possible range would be sufficient.

B19

In determining what a reasonably possible change in the relevant risk variable is, an entity should consider:

(a)

the economic environments in which it operates. A reasonably possible change should not include remote or ‘worst case’ scenarios or ‘stress tests’. Moreover, if the rate of change in the underlying risk variable is stable, the entity need not alter the chosen reasonably possible change in the risk variable. For example, assume that interest rates are 5 per cent and an entity determines that a fluctuation in interest rates of ±50 basis points is reasonably possible. It would disclose the effect on profit or loss and equity if interest rates were to change to 4.5 per cent or 5.5 per cent. In the next period, interest rates have increased to 5.5 per cent. The entity continues to believe that interest rates may fluctuate by ±50 basis points (ie that the rate of change in interest rates is stable). The entity would disclose the effect on profit or loss and equity if interest rates were to change to 5 per cent or 6 per cent. The entity would not be required to revise its assessment that interest rates might reasonably fluctuate by ±50 basis points, unless there is evidence that interest rates have become significantly more volatile.

(b)

the time frame over which it is making the assessment. The sensitivity analysis shall show the effects of changes that are considered to be reasonably possible over the period until the entity will next present these disclosures, which is usually its next annual reporting period.

B20

Paragraph 41 permits an entity to use a sensitivity analysis that reflects interdependencies between risk variables, such as a value‑at‑risk methodology, if it uses this analysis to manage its exposure to financial risks. This applies even if such a methodology measures only the potential for loss and does not measure the potential for gain. Such an entity might comply with paragraph 41(a) by disclosing the type of value‑at‑risk model used (eg whether the model relies on Monte Carlo simulations), an explanation about how the model works and the main assumptions (eg the holding period and confidence level). Entities might also disclose the historical observation period and weightings applied to observations within that period, an explanation of how options are dealt with in the calculations, and which volatilities and correlations (or, alternatively, Monte Carlo probability distribution simulations) are used.

B21

An entity shall provide sensitivity analyses for the whole of its business, but may provide different types of sensitivity analysis for different classes of financial instruments.

Interest rate risk

B22

Interest rate risk arises on interest-bearing financial instruments recognised in the statement of financial position (eg debt instruments acquired or issued) and on some financial instruments not recognised in the statement of financial position (eg some loan commitments).

Currency risk

B23

Currency risk (or foreign exchange risk) arises on financial instruments that are denominated in a foreign currency, ie in a currency other than the functional currency in which they are measured. For the purpose of this IFRS, currency risk does not arise from financial instruments that are non‑monetary items or from financial instruments denominated in the functional currency.

B24

A sensitivity analysis is disclosed for each currency to which an entity has significant exposure.

Other price risk

B25

Other price risk arises on financial instruments because of changes in, for example, commodity prices or equity prices. To comply with paragraph 40, an entity might disclose the effect of a decrease in a specified stock market index, commodity price, or other risk variable. For example, if an entity gives residual value guarantees that are financial instruments, the entity discloses an increase or decrease in the value of the assets to which the guarantee applies.

B26

Two examples of financial instruments that give rise to equity price risk are (a) a holding of equities in another entity and (b) an investment in a trust that in turn holds investments in equity instruments. Other examples include forward contracts and options to buy or sell specified quantities of an equity instrument and swaps that are indexed to equity prices. The fair values of such financial instruments are affected by changes in the market price of the underlying equity instruments.

B27

In accordance with paragraph 40(a), the sensitivity of profit or loss (that arises, for example, from instruments measured at fair value through profit or loss) is disclosed separately from the sensitivity of other comprehensive income (that arises, for example, from investments in equity instruments whose changes in fair value are presented in other comprehensive income).

B28

Financial instruments that an entity classifies as equity instruments are not remeasured. Neither profit or loss nor equity will be affected by the equity price risk of those instruments. Accordingly, no sensitivity analysis is required.

Derecognition (paragraphs 42C⁠–⁠42H)

Continuing involvement (paragraph 42C)

B29

The assessment of continuing involvement in a transferred financial asset for the purposes of the disclosure requirements in paragraphs 42E⁠–⁠42H is made at the level of the reporting entity. For example, if a subsidiary transfers to an unrelated third party a financial asset in which the parent of the subsidiary has continuing involvement, the subsidiary does not include the parent’s involvement in the assessment of whether it has continuing involvement in the transferred asset in its separate or individual financial statements (ie when the subsidiary is the reporting entity). However, a parent would include its continuing involvement (or that of another member of the group) in a financial asset transferred by its subsidiary in determining whether it has continuing involvement in the transferred asset in its consolidated financial statements (ie when the reporting entity is the group).

B30

An entity does not have a continuing involvement in a transferred financial asset if, as part of the transfer, it neither retains any of the contractual rights or obligations inherent in the transferred financial asset nor acquires any new contractual rights or obligations relating to the transferred financial asset. An entity does not have continuing involvement in a transferred financial asset if it has neither an interest in the future performance of the transferred financial asset nor a responsibility under any circumstances to make payments in respect of the transferred financial asset in the future. The term ‘payment’ in this context does not include cash flows of the transferred financial asset that an entity collects and is required to remit to the transferee.

B30A

When an entity transfers a financial asset, the entity may retain the right to service that financial asset for a fee that is included in, for example, a servicing contract. The entity assesses the servicing contract in accordance with the guidance in paragraphs 42C and B30 to decide whether the entity has continuing involvement as a result of the servicing contract for the purposes of the disclosure requirements. For example, a servicer will have continuing involvement in the transferred financial asset for the purposes of the disclosure requirements if the servicing fee is dependent on the amount or timing of the cash flows collected from the transferred financial asset. Similarly, a servicer has continuing involvement for the purposes of the disclosure requirements if a fixed fee would not be paid in full because of non-performance of the transferred financial asset. In these examples, the servicer has an interest in the future performance of the transferred financial asset. This assessment is independent of whether the fee to be received is expected to compensate the entity adequately for performing the servicing.

B31

Continuing involvement in a transferred financial asset may result from contractual provisions in the transfer agreement or in a separate agreement with the transferee or a third party entered into in connection with the transfer.

Transferred financial assets that are not derecognised in their entirety (paragraph 42D)

B32

Paragraph 42D requires disclosures when part or all of the transferred financial assets do not qualify for derecognition. Those disclosures are required at each reporting date at which the entity continues to recognise the transferred financial assets, regardless of when the transfers occurred.

Types of continuing involvement (paragraphs 42E⁠–⁠42H)

B33

Paragraphs 42E⁠–⁠42H require qualitative and quantitative disclosures for each type of continuing involvement in derecognised financial assets. An entity shall aggregate its continuing involvement into types that are representative of the entity’s exposure to risks. For example, an entity may aggregate its continuing involvement by type of financial instrument (eg guarantees or call options) or by type of transfer (eg factoring of receivables, securitisations and securities lending).

Continuing involvement in derecognised financial assets by type of instrument [axis] Example Axis822390, 990000
Continuing involvement in derecognised financial assets by type of transfer [axis] Example Axis822390, 990000
Factoring of receivables [member] Example Member822390
Guarantees [member] Example Member822390
Purchased call options [member] Example Member IFRS 7.IG40B Example 822390
Securities lending [member] Example Member IFRS 7.IG40B Example 822390
Securitisations [member] Example Member822390
Types of instrument [member] Example Member822390, 990000
Types of transfer [member] Example Member822390, 990000
Written put options [member] Example Member IFRS 7.IG40B Example 822390

Maturity analysis for undiscounted cash outflows to repurchase transferred assets (paragraph 42E(e))

B34

Paragraph 42E(e) requires an entity to disclose a maturity analysis of the undiscounted cash outflows to repurchase derecognised financial assets or other amounts payable to the transferee in respect of the derecognised financial assets, showing the remaining contractual maturities of the entity’s continuing involvement. This analysis distinguishes cash flows that are required to be paid (eg forward contracts), cash flows that the entity may be required to pay (eg written put options) and cash flows that the entity might choose to pay (eg purchased call options).

B35

An entity shall use its judgement to determine an appropriate number of time bands in preparing the maturity analysis required by paragraph 42E(e). For example, an entity might determine that the following maturity time bands are appropriate:

(a)

not later than one month;

Not later than one month [member] Example Member IFRS 7.B11 a Example
IFRS 7.IG31A Example
822390

(b)

later than one month and not later than three months;

Later than one month and not later than three months [member] Example Member IFRS 7.B11 b Example
IFRS 7.IG31A Example
822390

(c)

later than three months and not later than six months;

Later than three months and not later than six months [member] Example Member IFRS 7.B11 Example
IFRS 7.IG31A Example
822390

(d)

later than six months and not later than one year;

Later than six months and not later than one year [member] Example Member IFRS 7.B11 Example
IFRS 7.IG31A Example
822390

(e)

later than one year and not later than three years;

Later than one year and not later than three years [member] Example Member IFRS 7.B11 Example
IFRS 7.IG31A Example
822390

(f)

later than three years and not later than five years; and

Later than three years and not later than five years [member] Example Member IFRS 7.B11 Example
IFRS 7.IG31A Example
822390

(g)

more than five years.

Later than five years [member] Example Member IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.B11 Example
IFRS 7.IG31A Example
822390, 832610, 836600
Aggregated time bands [member] Example Member IAS 1.61 Disclosure
IAS 19.147 c Example
IFRS 15.120 b (i) Disclosure
IFRS 16.94 Disclosure
IFRS 16.97 Disclosure
Effective 2023-01-01 IFRS 17.109 Disclosure
Effective 2023-01-01 IFRS 17.109A Disclosure
Effective 2023-01-01 IFRS 17.120 Disclosure
Effective 2023-01-01 IFRS 17.132 b Disclosure
IFRS 7.23B a Disclosure
IFRS 7.B11 Example
810000, 822390, 831150, 832610, 834480, 836600, 880000, 990000

B36

If there is a range of possible maturities, the cash flows are included on the basis of the earliest date on which the entity can be required or is permitted to pay.

Qualitative information (paragraph 42E(f))

B37

The qualitative information required by paragraph 42E(f) includes a description of the derecognised financial assets and the nature and purpose of the continuing involvement retained after transferring those assets. It also includes a description of the risks to which an entity is exposed, including:

(a)

a description of how the entity manages the risk inherent in its continuing involvement in the derecognised financial assets.

(b)

whether the entity is required to bear losses before other parties, and the ranking and amounts of losses borne by parties whose interests rank lower than the entity’s interest in the asset (ie its continuing involvement in the asset).

(c)

a description of any triggers associated with obligations to provide financial support or to repurchase a transferred financial asset.

Gain or loss on derecognition (paragraph 42G(a))

B38

Paragraph 42G(a) requires an entity to disclose the gain or loss on derecognition relating to financial assets in which the entity has continuing involvement. The entity shall disclose if a gain or loss on derecognition arose because the fair values [Refer:IFRS 13] of the components of the previously recognised asset (ie the interest in the asset derecognised and the interest retained by the entity) were different from the fair value of the previously recognised asset as a whole. In that situation, the entity shall also disclose whether the fair value measurements included significant inputs that were not based on observable market data, as described in paragraph 27A.

Supplementary information (paragraph 42H)

B39

The disclosures required in paragraphs 42D⁠–⁠42G may not be sufficient to meet the disclosure objectives in paragraph 42B. If this is the case, the entity shall disclose whatever additional information is necessary to meet the disclosure objectives. The entity shall decide, in the light of its circumstances, how much additional information it needs to provide to satisfy the information needs of users and how much emphasis it places on different aspects of the additional information. It is necessary to strike a balance between burdening financial statements with excessive detail that may not assist users of financial statements and obscuring information as a result of too much aggregation.

Offsetting financial assets and financial liabilities (paragraphs 13A⁠–⁠13F)

Scope (paragraph 13A)

B40

The disclosures in paragraphs 13B⁠–⁠13E are required for all recognised financial instruments that are set off in accordance with paragraph 42 of IAS 32. In addition, financial instruments are within the scope of the disclosure requirements in paragraphs 13B⁠–⁠13E if they are subject to an enforceable master netting arrangement or similar agreement that covers similar financial instruments and transactions, irrespective of whether the financial instruments are set off in accordance with paragraph 42 of IAS 32.

B41

The similar agreements referred to in paragraphs 13A and B40 include derivative clearing agreements, global master repurchase agreements, global master securities lending agreements, and any related rights to financial collateral. The similar financial instruments and transactions referred to in paragraph B40 include derivatives, sale and repurchase agreements, reverse sale and repurchase agreements, securities borrowing, and securities lending agreements. Examples of financial instruments that are not within the scope of paragraph 13A are loans and customer deposits at the same institution (unless they are set off in the statement of financial position), and financial instruments that are subject only to a collateral agreement.

Disclosure of quantitative information for recognised financial assets and recognised financial liabilities within the scope of paragraph 13A (paragraph 13C)

B42

Financial instruments disclosed in accordance with paragraph 13C may be subject to different measurement requirements (for example, a payable related to a repurchase agreement may be measured at amortised cost, while a derivative will be measured at fair value). An entity shall include instruments at their recognised amounts and describe any resulting measurement differences in the related disclosures.

Description of measurement differences for financial assets subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure Text822390
Description of measurement differences for financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements Disclosure Text822390

Disclosure of the gross amounts of recognised financial assets and recognised financial liabilities within the scope of paragraph 13A (paragraph 13C(a))

B43

The amounts required by paragraph 13C(a) relate to recognised financial instruments that are set off in accordance with paragraph 42 of IAS 32. The amounts required by paragraph 13C(a) also relate to recognised financial instruments that are subject to an enforceable master netting arrangement or similar agreement irrespective of whether they meet the offsetting criteria. However, the disclosures required by paragraph 13C(a) do not relate to any amounts recognised as a result of collateral agreements that do not meet the offsetting criteria in paragraph 42 of IAS 32. Instead, such amounts are required to be disclosed in accordance with paragraph 13C(d).

Disclosure of the amounts that are set off in accordance with the criteria in paragraph 42 of IAS 32 (paragraph 13C(b))

B44

Paragraph 13C(b) requires that entities disclose the amounts set off in accordance with paragraph 42 of IAS 32 when determining the net amounts presented in the statement of financial position. The amounts of both the recognised financial assets and the recognised financial liabilities that are subject to set‑off under the same arrangement will be disclosed in both the financial asset and financial liability disclosures. However, the amounts disclosed (in, for example, a table) are limited to the amounts that are subject to set‑off. For example, an entity may have a recognised derivative asset and a recognised derivative liability that meet the offsetting criteria in paragraph 42 of IAS 32. If the gross amount of the derivative asset is larger than the gross amount of the derivative liability, the financial asset disclosure table will include the entire amount of the derivative asset (in accordance with paragraph 13C(a)) and the entire amount of the derivative liability (in accordance with paragraph 13C(b)). However, while the financial liability disclosure table will include the entire amount of the derivative liability (in accordance with paragraph 13C(a)), it will only include the amount of the derivative asset (in accordance with paragraph 13C(b)) that is equal to the amount of the derivative liability.

Disclosure of the net amounts presented in the statement of financial position (paragraph 13C(c))

B45

If an entity has instruments that meet the scope of these disclosures (as specified in paragraph 13A), but that do not meet the offsetting criteria in paragraph 42 of IAS 32, the amounts required to be disclosed by paragraph 13C(c) would equal the amounts required to be disclosed by paragraph 13C(a).

B46

The amounts required to be disclosed by paragraph 13C(c) must be reconciled to the individual line item amounts presented in the statement of financial position. For example, if an entity determines that the aggregation or disaggregation of individual financial statement line item amounts provides more relevant information, it must reconcile the aggregated or disaggregated amounts disclosed in paragraph 13C(c) back to the individual line item amounts presented in the statement of financial position.

Disclosure of reconciliation of financial assets subject to offsetting, enforceable master netting arrangements or similar agreements to individual line items in statement of financial position [text block] Disclosure Text block822390
Disclosure of reconciliation of financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements to individual line items in statement of financial position [text block] Disclosure Text block822390

Disclosure of the amounts subject to an enforceable master netting arrangement or similar agreement that are not otherwise included in paragraph 13C(b) (paragraph 13C(d))

B47

Paragraph 13C(d) requires that entities disclose amounts that are subject to an enforceable master netting arrangement or similar agreement that are not otherwise included in paragraph 13C(b). Paragraph 13C(d)(i) refers to amounts related to recognised financial instruments that do not meet some or all of the offsetting criteria in paragraph 42 of IAS 32 (for example, current rights of set‑off that do not meet the criterion in paragraph 42(b) of IAS 32, or conditional rights of set‑off that are enforceable and exercisable only in the event of default, or only in the event of insolvency or bankruptcy of any of the counterparties).

B48

Paragraph 13C(d)(ii) refers to amounts related to financial collateral, including cash collateral, both received and pledged. An entity shall disclose the fair value of those financial instruments that have been pledged or received as collateral. The amounts disclosed in accordance with paragraph 13C(d)(ii) should relate to the actual collateral received or pledged and not to any resulting payables or receivables recognised to return or receive back such collateral.

Limits on the amounts disclosed in paragraph 13C(d)(paragraph 13D)

B49

When disclosing amounts in accordance with paragraph 13C(d), an entity must take into account the effects of over‑collateralisation by financial instrument. To do so, the entity must first deduct the amounts disclosed in accordance with paragraph 13C(d)(i) from the amount disclosed in accordance with paragraph 13C(c). The entity shall then limit the amounts disclosed in accordance with paragraph 13C(d)(ii) to the remaining amount in paragraph 13C(c) for the related financial instrument. However, if rights to collateral can be enforced across financial instruments, such rights can be included in the disclosure provided in accordance with paragraph 13D.

Description of the rights of set‑off subject to enforceable master netting arrangements and similar agreements (paragraph 13E)

B50

An entity shall describe the types of rights of set‑off and similar arrangements disclosed in accordance with paragraph 13C(d), including the nature of those rights. For example, an entity shall describe its conditional rights. For instruments subject to rights of set‑off that are not contingent on a future event but that do not meet the remaining criteria in paragraph 42 of IAS 32, the entity shall describe the reason(s) why the criteria are not met. For any financial collateral received or pledged, the entity shall describe the terms of the collateral agreement (for example, when the collateral is restricted).

Disclosure by type of financial instrument or by counterparty

B51

The quantitative disclosures required by paragraph 13C(a)⁠–⁠(e) may be grouped by type of financial instrument or transaction (for example, derivatives, repurchase and reverse repurchase agreements or securities borrowing and securities lending agreements).

Financial assets, type [member] Disclosure Member IFRS 7.B52 Disclosure 822390, 990000
Financial liabilities, type [member] Disclosure Member IFRS 7.B52 Disclosure 822390, 990000
Types of financial assets [axis] Disclosure Axis IFRS 7.B52 Disclosure 822390, 990000
Types of financial liabilities [axis] Disclosure Axis IFRS 7.B52 Disclosure 822390, 990000

B52

Alternatively, an entity may group the quantitative disclosures required by paragraph 13C(a)⁠–⁠(c) by type of financial instrument, and the quantitative disclosures required by paragraph 13C(c)⁠–⁠(e) by counterparty. If an entity provides the required information by counterparty, the entity is not required to identify the counterparties by name. However, designation of counterparties (Counterparty A, Counterparty B, Counterparty C, etc) shall remain consistent from year to year for the years presented to maintain comparability. Qualitative disclosures shall be considered so that further information can be given about the types of counterparties. When disclosure of the amounts in paragraph 13C(c)⁠–⁠(e) is provided by counterparty, amounts that are individually significant in terms of total counterparty amounts shall be separately disclosed and the remaining individually insignificant counterparty amounts shall be aggregated into one line item.

Counterparties [axis] Disclosure Axis822390, 990000
Counterparties [member] Disclosure Member822390, 990000
Financial assets, type [member] Disclosure Member IFRS 7.B51 Disclosure 822390, 990000
Financial liabilities, type [member] Disclosure Member IFRS 7.B51 Disclosure 822390, 990000
Individually insignificant counterparties [member] Disclosure Member822390
Types of financial assets [axis] Disclosure Axis IFRS 7.B51 Disclosure 822390, 990000
Types of financial liabilities [axis] Disclosure Axis IFRS 7.B51 Disclosure 822390, 990000

Other

B53

The specific disclosures required by paragraphs 13C⁠–⁠13E are minimum requirements. To meet the objective in paragraph 13B an entity may need to supplement them with additional (qualitative) disclosures, depending on the terms of the enforceable master netting arrangements and related agreements, including the nature of the rights of set‑off, and their effect or potential effect on the entity’s financial position.

Appendix CAmendments to other IFRSs

The amendments in this appendix shall be applied for annual periods beginning on or after 1 January 2007. If an entity applies this IFRS for an earlier period, these amendments shall be applied for that earlier period.

* * * * *

The amendments contained in this appendix when this IFRS was issued in 2005 have been incorporated into the text of the relevant IFRSs included in this volume.

Board Approvals

Approval by the Board of IFRS 7 issued in August 2005

International Financial Reporting Standard 7 Financial Instruments: Disclosures was approved for issue by the fourteen members of the International Accounting Standards Board.

Sir David TweedieChairman
Thomas E JonesVice‑Chairman
Mary E Barth
Hans‑Georg Bruns
Anthony T Cope
Jan Engström
Robert P Garnett
Gilbert Gélard
James J Leisenring
Warren J McGregor
Patricia L O’Malley
John T Smith
Geoffrey Whittington
Tatsumi Yamada

Approval by the Board of Improving Disclosures about Financial Instruments (Amendments to IFRS 7) issued in March 2009

Improving Disclosures about Financial Instruments (Amendments to IFRS 7) was approved for issue by the fourteen members of the International Accounting Standards Board.

Sir David TweedieChairman
Thomas E JonesVice-Chairman
Mary E Barth
Stephen Cooper
Philippe Danjou
Jan Engström
Robert P Garnett
Gilbert Gélard
Prabhakar Kalavacherla
James J Leisenring
Warren J McGregor
John T Smith
Tatsumi Yamada
Wei-Guo Zhang

Approval by the Board of Disclosures—Transfers of Financial Assets (Amendments to IFRS 7) issued in October 2010

Disclosures—Transfers of Financial Assets (Amendments to IFRS 7) was approved for issue by the fourteen members of the International Accounting Standards Board.

Sir David Tweedie Chairman
Stephen Cooper
Philippe Danjou
Jan Engström
Patrick Finnegan
Amaro Luiz de Oliveira Gomes
Prabhakar Kalavacherla
Elke König
Patricia McConnell
Warren J McGregor
Paul Pacter
John T Smith
Tatsumi Yamada
Wei-Guo Zhang

Approval by the Board of Mandatory Effective Date of IFRS 9 and Transition Disclosures (Amendments to IFRS 9 (2009), IFRS 9 (2010) and IFRS 7) issued in December 2011

Mandatory Effective Date of IFRS 9 and Transition Disclosures (Amendments to IFRS 9 (2009), IFRS 9 (2010) and IFRS 7) was approved for publication by fourteen of the fifteen members of the International Accounting Standards Board. Ms McConnell dissented from the issue of the amendments. Her dissenting opinion is set out after the Basis for Conclusions.

Hans HoogervorstChairman
Ian MackintoshVice-Chairman
Stephen Cooper
Philippe Danjou
Jan Engström
Patrick Finnegan
Amaro Luiz de Oliveira Gomes
Prabhakar Kalavacherla
Elke König
Patricia McConnell
Takatsugu Ochi
Paul Pacter
Darrel Scott
John T Smith
Wei-Guo Zhang

Approval by the Board of Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) issued in December 2011

Disclosures—Offsetting Financial Assets and Financial Liabilities (Amendments to IFRS 7) was approved for issue by the fifteen members of the International Accounting Standards Board.

Hans HoogervorstChairman
Ian MackintoshVice-Chairman
Stephen Cooper
Philippe Danjou
Jan Engström
Patrick Finnegan
Amaro Luiz de Oliveira Gomes
Prabhakar Kalavacherla
Elke König
Patricia McConnell
Takatsugu Ochi
Paul Pacter
Darrel Scott
John T Smith
Wei-Guo Zhang

Approval by the Board of IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) issued in November 2013

IFRS 9 Financial Instruments (Hedge Accounting and amendments to IFRS 9, IFRS 7 and IAS 39) was approved for issue by fifteen of the sixteen members of the International Accounting Standards Board. Mr Finnegan dissented. His dissenting opinion is set out after the Basis for Conclusions.

Hans HoogervorstChairman
Ian MackintoshVice-Chairman
Stephen Cooper
Philippe Danjou
Martin Edelmann
Jan Engström
Patrick Finnegan
Amaro Luiz de Oliveira Gomes
Gary Kabureck
Prabhakar Kalavacherla
Patricia McConnell
Takatsugu Ochi
Darrel Scott
Chungwoo Suh
Mary Tokar
Wei-Guo Zhang

Approval by the Board of Interest Rate Benchmark Reform issued in September 2019

Interest Rate Benchmark Reform, which amended IFRS 9, IAS 39 and IFRS 7, was approved for issue by all 14 members of the International Accounting Standards Board (Board).

Hans HoogervorstChairman
Suzanne LloydVice‑Chair
Nick Anderson
Tadeu Cendon
Martin Edelmann
Françoise Flores
Gary Kabureck
Jianqiao Lu
Darrel Scott
Thomas Scott
Chungwoo Suh
Rika Suzuki
Ann Tarca
Mary Tokar

Approval by the Board of Interest Rate Benchmark Reform—Phase 2 issued in August 2020

Interest Rate Benchmark Reform—Phase 2, which amended IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16, was approved for issue by 12 of 13 members of the International Accounting Standards Board (Board). Mr Gast abstained in view of his recent appointment to the Board.

Hans Hoogervorst Chairman
Suzanne LloydVice-Chair
Nick Anderson
Tadeu Cendon
Martin Edelmann
Françoise Flores
Zach Gast
Jianqiao Lu
Darrel Scott
Thomas Scott
Rika Suzuki
Ann Tarca
Mary Tokar

Footnotes

1

Paragraph 44G was amended as a consequence of Limited Exemption from Comparative IFRS 7 Disclosures for First‑time Adopters (Amendment to IFRS 1) issued in January 2010. The Board amended paragraph 44G to clarify its conclusions and intended transition for Improving Disclosures about Financial Instruments (Amendments to IFRS 7). (back)