WebProvisions, SIC-16 Share Capital-Reacquired Own Equity Instruments (Treasury Shares) and SIC-17 EquityCosts of an Equity Transaction). This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. In late 2021, the IFRS Foundation laid out its plan to establish globally consistent sustainability disclosure standards. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. financial liabilities measured at amortised cost. If the amount is not determinable, the reporting entity generally describes the transaction. The reporting entity may deduct "liquidating dividends" or "capital repayment" from APIC in the balance sheet or show only the balance of capital after partial liquidation. 45 0 obj endobj At EY, our purpose is building a better working world. Share Capital is present under the head Shareholders Fund. All Rights Reserved. Accounting for these plans is addressed in. endobj Share capital is credited for CU 10,000 at the actual issuance of Unpaid share capital is where none of the monies due for an allotment of shares which have been issued has been paid. 51 0 obj The Board considered whether the definition of capital is different from the definition of equity in IAS 32. This publications provides a summary of the recognition and measurement requirements of IFRSs published up to October 2018 . 23 0 obj {xi(JE4IPH" (Jn l$\:@i PAH (*n`qLFQPAh\X1~! endobj Essentially, there are two classes of capital reported in financial statements: debt and equity. Share capital is carried at par value. Share capital issued by an entity meets the definition of an equity instrument as defined in IAS 32 Financial Instruments when the contract evidences a residual interest in the assets of an entity after deducting all of its liabilities. This publications provides a summary of the recognition and measurement requirements of IFRSs published up to October 2018 .,This publications provides a summary of the recognition and measurement requirements of IFRS published up to October 2018 . financial liabilities measured at fair value through profit and loss, showing separately those held for trading and those designated at initial recognition. The Board decided not to require quantitative disclosure of externally imposed capital requirements but rather decided that there should be disclosure of whether the entity has complied with any external capital requirements and, if not, the consequences of non-compliance. * The release of IFRS 9 Financial Instruments (2013) on 19 November 2013 contained no stated effective date and contained consequential amendments which removed the mandatory effective date of IFRS 9 (2010) and IFRS 9 (2009), leaving the effective date open but leaving each standard available for application. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Some focus on historical invested capital, others on accounting capital and others on market capitalisation. WebThe unpaid amount for each share class must be shown on the statement of capital, which should be completed and submitted to Companies House each time there is an allotment of shares or upon incorporation or other changes to the value of PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. information about the nature and extent of risks arising from financial instruments, Disclose the significance of financial instruments for an entity's financial position and performance. Market risk reflects interest rate risk, currency risk and other price risks. Paid up capital refers to the amount shareholders have paid to the company for their shares. 53 0 obj endobj Financial capital is defined in various ways but has no widely accepted definition having been interpreted as equity held by shareholders or equity plus debt capital including finance leases. uuid:1903533b-9fc3-4b3e-8f7e-507464ef796c By providing your details and checking the box, you acknowledge you have read the, The following fields are not editable on this screen: First Name, Last Name, Company, and Country or Region. WebParagraph 5 of IFRS 2 Share-based Payment, does not apply to transactions in which the entity acquires goods as part of the net assets acquired in a business combination, in a combination of entities under common control or the contribution of a business on the formation of a joint venture. A board meeting to be called. WebIFRS. Ordinary Share means a Class A Ordinary Share or a Class B Ordinary Share; Class C Ordinary Share shall have the meaning ascribed to it in Section 2.4(a). from fair value to amortised cost or vice versa) [IFRS 7.12-12A], information about financial assets pledged as collateral and about financial or non-financial assets held as collateral [IFRS 7.14-15], reconciliation of the allowance account for credit losses (bad debts) by class of financial assets[IFRS 7.16], information about compound financial instruments with multiple embedded derivatives [IFRS 7.17], breaches of terms of loan agreements [IFRS 7.18-19], Items of income, expense, gains, and losses, with separate disclosure of gains and losses from: [IFRS 7.20(a)]. 29 0 obj This can obviously affect the way in which capital is measured, which has an impact on return on capital employed (ROCE). IFRS 7 provides that if an entity prepares a sensitivity analysis such as value-at-risk for management purposes that reflects interdependencies of more than one component of market risk (for instance, interest risk and foreign currency risk combined), it may disclose that analysis instead of a separate sensitivity analysis for each type of market risk, to understand the relationship between transferred financial assets that are not derecognised in their entirety and the associated liabilities; and, to evaluate the nature of, and risks associated with, the entity's continuing involvement in derecognised financial assets. Site Map | Terms and Conditions | Privacy Policy | Site Plan 1 | Site Plan 2 | Site Plan 3 | Site Plan 4 | Site Plan 5 | Site Plan 6 | Site Plan 7 | Site Plan 8 | Site Plan 9 | Site Plan 10. Consequently, the classification of capital is subjective which has implications for the analysis of financial statements. Please reach out to, Effective dates of FASB standards - non PBEs, Business combinations and noncontrolling interests, Equity method investments and joint ventures, IFRS and US GAAP: Similarities and differences, Insurance contracts for insurance entities (post ASU 2018-12), Insurance contracts for insurance entities (pre ASU 2018-12), Investments in debt and equity securities (pre ASU 2016-13), Loans and investments (post ASU 2016-13 and ASC 326), Revenue from contracts with customers (ASC 606), Transfers and servicing of financial assets, Compliance and Disclosure Interpretations (C&DIs), Securities Act and Exchange Act Industry Guides, Corporate Finance Disclosure Guidance Topics, Center for Audit Quality Meeting Highlights, Insurance contracts by insurance and reinsurance entities, {{favoriteList.country}} {{favoriteList.content}}. 102 0 obj endobj <>]>>/Pages 1745 0 R/Type/Catalog>> Contributed capital is an entry on the shareholders' equity section of a company's balance sheet that summarizes the total value of stock that shareholders <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> 227 0 obj Publication date: 31 Dec 2021. us Financing guide 4.3. Per Share Cash Consideration has the meaning set forth in Section 3.01(a)(ii). You can set the default content filter to expand search across territories. endobj endstream IAS 32 does not look to the legal form of an instrument but focuses on the contractual obligations of the instrument. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> 37 0 obj equity share means any share of any class of shares of a company carrying voting rights under all circumstances and any share of any class of shares carrying voting rights by reason of the occurrence of any contingency that has occurred and is continuing; (action participante). <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> balance sheet This publications provides a summary of the recognition and measurement requirements of IFRSs published up to October 2018 . In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services:Functional cookiesto enhance your experience (e.g. IFRS 7 was There are various requirements for entities to disclose information about capital. Although the shareholders might enjoy limited liability protection, their obligation to pay for the shares which have been issued to them is not diminished. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> When receipt of payment is received, against a call on shares, the following steps must occur: The Company Secretary must: Issue a new share certificate. An appreciation of these issues and their significance is important to candidates studying for Strategic Business Reporting. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Accounting principles Capital needs are very specific to the business and are influenced by many factors, such as debt covenants and preservation of debt ratings. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. 21 0 obj As depicted in FigureFSP 5-1, dividends declared or paid are normally presented in the statement of stockholders' equity at the amount per share, and in total for each class of shares as required by. The Financial Reporting Council Guidance on the Strategic Report suggests that comments should appear in the report on the entitys financing arrangements such as changes in net debt or the financing of long-term liabilities. Discussion of the management of financial capital is normally linked with entities that are subject to external capital requirements, but it is equally important to those entities that do not have regulatory obligations. 41 0 obj Each word should be on a separate line. 223 0 obj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Specific disclosures are required in relation to transferred financial assets and a number of other matters. Share capital is carried at par value. WebSince the authorised capital represented unissued shares, there was no accounting entry to record it. endobj pwc-gx:type/pdf The variety of instruments issued by entities makes this classification difficult with the application of the principles occasionally resulting in instruments that seem like equity being accounted for as liabilities. endstream It is normal for an entity to produce a capitalisation table in a prospectus showing the effects of the transactions on the capital structure. endobj endobj information about the significance of financial instruments. This is likely to be a major challenge in determining the best way to report the effects of recent innovations in capital structure. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> An entity bases these disclosures on the information provided internally to key management personnel. ,n1" 2d'P*r@ p Y4l/L@HX$yKTA"8-SF _>3'00^ \@zs 82 J ( <>/Filter/FlateDecode/ID[<073593C7EDB0B2110A00D01B03B6FE7F>]/Index[1748 30]/Info 1747 0 R/Length 85/Prev 233647/Root 1749 0 R/Size 1778/Type/XRef/W[1 2 1]>>stream 60 0 obj Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. It makes sense that any analysis of a companys financial position should include consideration of how much capital it has and its sufficiency for the companys needs. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> For example, in the USA, the table is used to calculate key operational metrics. <> <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Ordinary Share Capital means any issued and outstanding shares of the Company with voting or other rights of management and control and any outstanding securities of the Company that are convertible into such shares at the option of the holder; equity share capital means, in relation to any entity, its issued share capital excluding any part of that capital which, neither as respects dividends nor as respects capital, carries any right to participate beyond a specific amount in a distribution. IFRS [IFRS 7 42B], Required disclosures include description of the nature of the transferred assets, nature of risk and rewards as well as description of the nature and quantitative disclosure depicting relationship between transferred financial assets and the associated liabilities. 110 0 obj endobj Per Share Cash Amount shall have the meaning set forth in Section 1.06(a)(viii). <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> 106 0 obj endobj endobj Asking the better questions that unlock new answers to the working world's most complex issues. pwc:services/audit_and_assurance/ifrs_reporting. 2019-04-04T12:09:58.000+01:00 EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. endobj Reference Shares means, in respect of the exercise of Investor Cash Settlement Rights or Conversion Rights by a Bondholder, the number of Shares (rounded down, if necessary, to the nearest whole number of Shares) determined in good faith by the Calculation Agent by dividing the aggregate principal amount of the Bonds being the subject of the relevant exercise of Investor Cash Settlement Rights or Conversion Rights by the Conversion Price in effect on the relevant Conversion Date, except that where the Conversion Date falls on or after the date an adjustment to the Conversion Price takes effect pursuant to Sections 5.4(a)(i), (ii), (iv), (v), (vi), (viii), (ix) or (x) in circumstances where the relevant Delivery Date falls on or prior to the record date or other due date for establishment of entitlement in respect of the relevant event giving rise to such adjustment, then the Conversion Price in respect of such exercise shall be such Conversion Price as would have been applicable to such exercise had no such adjustment been made. <>/MediaBox[0 0 595.27563 841.88977]/Parent 1746 0 R/Resources<>/ProcSet[/Text/ImageC]>>/Rotate 0/Type/Page>> Unpaid share capital is where none of the monies due for an allotment of shares which have been issued has been paid. endobj By continuing to browse this site, you consent to the use of cookies. All rights reserved. This treatment eliminates any possible misinterpretation of the nature of the credit or its eventual disposition. You are already signed in on another browser or device. They may be paid in cash, stock, or as dividends in kind. Reporting entities often declare dividends on common stock before the balance sheet date, and then pay the dividends after the balance sheet date. As a result, IAS 1 requires an entity to disclose information that enables users to evaluate the entitys objectives, policies and processes for managing capital. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Each member firm is a separate legal entity. These materials were downloaded from PwC's Viewpoint (viewpoint.pwc.com) under license. On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB). 39 0 obj Web(eg some mutual funds) and entities whose share capital is not equity (eg some co-operative entities) may need to adapt the financial statement presentation of members or The reporting entity should disclose such a situation in the footnotes. Capital is present on the Liabilities side of the Balance Sheet of a company. 2019 - 2023 PwC. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> 1b2dfdfac4a0b3ae3b5665da3c489d51a87be468 WebThis is generally consistent with Rule 5-02.30 of Regulation S-X which states that accounts or notes receivable arising from transactions involving the registrants capital stock should be presented as deductions from stockholders equity and not as assets. Investors have specific but different needs for information about capital depending upon their approach to the valuation of a business. This ensures that the amount which a subscriber may be called on to pay in the event of dissolution is kept to a minimum. On 3 November 2021, at COP26, the IFRS Foundation Trustees announced the creation of the International Sustainability Standards Board (ISSB). A resolution to be passed. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> There is a diversity of thinking about capital that is not surprising given the issues with defining equity, the difficulty in locating sources of information about capital and the diversity of business models in an economy. WebAccounting for Unpaid Share capital - Mazars - Thailand On 15 June 2018, a new company (the Company) was set up, having registered share capital of THB 20 million The result of the classification can have a significant effect on the entitys reported results and financial position. EY helps clients create long-term value for all stakeholders. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> The International Sustainability Standards Board (ISSB) is seeking nomination of suitable candidates for membership of the Transition Implementation Group on IFRS S1 and IFRS S2 (TIG).. 11 0 obj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> However, if the transfers are fully disclosed as they occur, there is no requirement for a cumulative disclosure. It reflects standards in issue at 30 November 2022 that are required to be applied by an entity with an annual period beginning on 1 January 2022. Update the Register of Members. Review ourcookie policyfor more information. Ordinary Shares shall have the meaning given in the Recitals hereto. <>/MediaBox[0 0 595.32 841.92]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> PwC Are you still working? Find out more Please sign in or, if you do not have a license. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-. Regarding issued share capital and reserves, the following disclosures are required: [IAS 1.79] a description of the nature and purpose of each reserve within equity. Additional disclosures are required in respect of entities without share capital and where an entity has reclassified puttable financial instruments. Welcome to Viewpoint, the new platform that replaces Inform. Click here to extend your session to continue reading our licensed content, if not, you will be automatically logged off. Some entities regard some financial liabilities as part of capital, while other entities regard capital as excluding some components of equity for example, those arising from cash flow hedges. A reporting entity may also wish to record a dividend as an addition to accumulated deficit. endobj Select your location Close country language switcher. [IFRS 7.29(a)]. It is for your own use only - do not redistribute. endobj This means it is excluded from 0 For more information about our organization, please visit ey.com. You are trying to access licensed content. [IFRS 7. WebUnpaid Share Capital. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. America Corporation announced in February 2016 that it had made significant advancements in its ongoing initiative toward improving its capitalization table, capitalization, and operational structure. endobj endobj endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> All rights reserved. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. How do you move long-term value creation from ambition to action. The Board has undertaken a research project with the aim of improving the accounting for financial instruments that have characteristics of both liabilities and equity. The consolidation of the first one, the Climate An entity shall disclose information that enables users of its financial statements: An appendix of mandatory application guidance (Appendix B) is part of the standard. We bring together extraordinary people, like you, to build a better working world. endobj <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> %PDF-1.5 % Company directors to refer to the Articles of Association of the business. Your go-to resource for timely and relevant accounting, auditing, reporting and business insights. It is quite common in smaller companies for the share capital to be unpaid and remain due to the company indefinitely. 30 June 2023. startxref <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Equity classification may be seen as diluting existing equity interests. Example. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory. We do not believe showing the credit as appropriated retained earnings or as a separate equity item, instead of being included in common stock and APIC, would adequately identify the amount as part of permanent equity. Stock dividends almost always create fractional shares. IFRS 7 was originally issued in August 2005 and applies to annual periods beginning on or after 1 January 2007. Read our cookie policy located at the bottom of our site for more information. Relevant Share Capital means the relevant share capital of the Company (as that expression is defined in Section 67(2) of the 1990 Act); Share Capital means the issued and paid up capital of the Company. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> Appendix A], Disclosures about credit risk include: [IFRS 7.36-38], maximum amount of exposure (before deducting the value of collateral), description of collateral, information about credit quality of financial assets that are neither past due nor impaired, and information about credit quality of financial assets whose terms have been renegotiated [IFRS 7.36], for financial assets that are past due or impaired, analytical disclosures are required [IFRS 7.37], information about collateral or other credit enhancements obtained or called [IFRS 7.38], Liquidity risk is the risk that an entity will have difficulties in paying its financial liabilities. Email info@completeformations.co.uk should you require additional information on any of our services. Appendix A], Disclosures about liquidity risk include: [IFRS 7.39], a maturity analysis of financial liabilities, description of approach to risk management, Market risk is the risk that the fair value or cash flows of a financial instrument will fluctuate due to changes in market prices. Financial Statement as of 31 December 2017 Solo Balance Sheet (All figures are expressed in Turkish Lira TL.) In drafting IFRS 7,Financial Instruments: Disclosures, the International Accounting Standards Board (the Board) considered whether it should require disclosures about capital. A parent company may declare a dividend from other than its accumulated earnings (e.g., from APIC, unrecorded increases in value of the company, or retained earnings resulting from parent's equity in undistributed earnings of a subsidiary). 31 0 obj 123 0 obj endobj An understanding of what an entity views as capital and its strategy for capital management is important to all companies and not just banks and insurance companies. <>/MediaBox[0 0 595.32 842.04]/Parent 223 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> <>stream The consolidation of the first one, the Climate Appendix A], a sensitivity analysis of each type of market risk to which the entity is exposed. 99 0 obj Accordingly, these amendments apply when IFRS 9 is applied. You will be prompted to enter your contact information before viewing the webcast. The unpaid balance owing for shares that are issued nil or partly paid. Public companies are required to record notes or other receivables from a parent or another affiliate as contra-equity. WebContracts (IFRS 4), an interim standard effective prior to the adoption of IFRS 17. Other income statement-related disclosures: total interest income and total interest expense for those financial instruments that are not measured at fair value through profit and loss [IFRS 7.20(b)], amount of impairment losses by class of financial assets [IFRS 7.20(e)], interest income on impaired financial assets [IFRS 7.20(d)], Accounting policies for financial instruments [IFRS 7.21], Information about hedge accounting, including: [IFRS 7.22], description of each hedge, hedging instrument, and fair values of those instruments, and nature of risks being hedged, for cash flow hedges, the periods in which the cash flows are expected to occur, when they are expected to enter into the determination of profit or loss, and a description of any forecast transaction for which hedge accounting had previously been used but which is no longer expected to occur, if a gain or loss on a hedging instrument in a cash flow hedge has been recognised in other comprehensive income, an entity should disclose the following: [IAS 7.23], the amount that was so recognised in other comprehensive income during the period, the amount that was removed from equity and included in profit or loss for the period, the amount that was removed from equity during the period and included in the initial measurement of the acquisition cost or other carrying amount of a non-financial asset or non- financial liability in a hedged highly probable forecast transaction, For fair value hedges, information about the fair value changes of the hedging instrument and the hedged item [IFRS 7.24(a)], Hedge ineffectiveness recognised in profit and loss (separately for cash flow hedges and hedges of a net investment in a foreign operation) [IFRS 7.24(b-c)], Uncertainty arising from the interest rate benchmark reform [IFRS 7.24H], Information about the fair values of each class of financial asset and financial liability, along with: [IFRS 7.25-30], description of how fair value was determined, the level of inputs used in determining fair value, reconciliations of movements between levels of fair value measurement hierarchy additional disclosures for financial instruments whose fair value is determined using level 3 inputs including impacts on profit and loss, other comprehensive income and sensitivity analysis, information if fair value cannot be reliably measured, Level 1 quoted prices for similar instruments, Level 2 directly observable market inputs other than Level 1 inputs, Level 3 inputs not based on observable market data, risk exposures for each type of financial instrument, management's objectives, policies, and processes for managing those risks, The quantitative disclosures provide information about the extent to which the entity is exposed to risk, based on information provided internally to the entity's key management personnel.
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