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

STATEMENT OF COMPREHENSIVE INCOME

Items of income, expense, gains or losses

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:

i) Financial assets measured at fair value through profit or loss, showing separately those on financial assets designated as such upon initial recognition, and those that are mandatorily measured at fair value in accordance with IFRS 9;

ii) Financial assets measured at amortized cost;

iii) Financial assets measured at fair value through other comprehensive income.

b) Total interest income and total interest expense (calculated using the effective interest method) for financial assets that are measured at amortized cost.

c) Fee income and expense (other than amounts included in determining the effective interest rate) arising from financial assets measured at amortized cost.

d) Interest income on impaired financial assets accrued.

e) The amount of any impairment loss for each class of financial asset. (IFRS 7 Para 20)

Disclosure of gain/loss from derecognition of assets measured at amortized cost

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