Accounting for Investments, Volume 2: Fixed Income Securities and Interest Rate Derivatives—A Practitioner's Guide

A. SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR FINANCIAL POSITION AND PERFORMANCE

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. (IFRS 7 Para 7)

Categories of financial assets and financial liabilities

The carrying amounts of each of the following categories, as specified in IFRS 9 or IAS 39, 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; and

ii) Those mandatorily measured at fair value in accordance with IFRS 9.

b) Financial liabilities at fair value through profit or loss, showing separately;

i) Those designated as such upon initial recognition; and

ii) Those that meet the definition of held for trading in IAS 39.

d) Financial assets measured at amortized cost.

e) Financial liabilities measured at amortized cost.

f) Financial assets measured at fair value through other comprehensive income. (IFRS 7 Para 8)

Financial assets at fair value through profit or loss

If the entity has designated as measured at fair value a financial asset (or group of financial assets) that would otherwise be measured at amortized cost, it shall disclose:

a) The maximum exposure to credit risk of the financial asset or group of financial assets at the end of the reporting period.

b) The amount ...