<> It distorts the investor’s performance to recognise a gain of CU110 in P&L at one point in time; ie when the investor sells the share. endobj endobj 254 0 obj endobj Financial instruments - financial liabilities and equity (IFRS 9, IAS 32) First-time adoption of IFRS (IFRS 1) Financial instruments - hedge accounting (IFRS 9) Foreign currencies (IAS 21) Financial instruments - hedge accounting under IAS 39 ; Government grants (IAS 20) Financial instruments - impairment (IFRS 9) Hyper-inflation (IAS 29) 2018-12-11T14:31:14.106Z We think the PIR of IFRS 9 is an appropriate mechanism to address concerns about the effect of IFRS 9 on long-term investment. Financial Instruments, effective for annual periods beginning on or after 1 January 2018, will change the way corporates – i.e. IFRS Factsheet: Applying IAS 36 Impairment Published 10 December 2019, last updated 10 December 2019 6 Section 5 Cash-generating units Relevance of cash-generating units It may not always be possible to estimate the recoverable amount of an individual asset. Accordingly, that DP describes two possible impairment models—the first model would immediately recognise in P&L all declines in value below the investment’s acquisition cost (while changes in value above the acquisition cost would be recognised in OCI and recycled when the investment is sold) and the second model would use the impairment model for equity investments in IAS 39 as a starting point and add guidance to reduce subjectivity. This will also trigger an impairment review of the parent entity’s investment in the relevant subsidiary in the parent’s separate financial statements. Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. An error has occurred, please try again later. 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