IFRS 9: decisions arising from the PIR Phase 1– Classification and measurement
At its October 2022 meeting, the IASB continued its discussions on the topics identified in the context of the IFRS 9 Phase 1 post implementation review.
Keywords: Mazars, Thailand, IFRS, IASB, IFRS 9, Equity instruments, Business model assessment, Electronic cash transfers
22 December 2022
Equity instruments measured at fair value through other comprehensive income without subsequent recycling to P&L (FV-OCI-NR)
Following stakeholder feedback, the IASB tentatively decided to amend paragraph 11A of IFRS 7 to require disclosure of:
- the aggregated fair value of equity instruments for which the OCI presentation option is applied at the end of the reporting period;
- changes in fair value recognised in OCI during the period.
In addition, the IASB asked the staff to explore the possibility of adding, for these instruments, an illustrative example showing changes over the period in fair value recognised directly in OCI.
Business model assessment
Following stakeholder feedback, the IASB tentatively decided to make no changes to IFRS 9 in this area.
Electronic cash transfers
The IASB tentatively decided to develop an accounting policy choice enabling an entity, subject to certain criteria, to derecognise a financial liability before the settlement date at which it effectively delivers cash.
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