The Obviously, applying the new IFRS 9 ay�t3�ҹ.3�]�f��ݙ����� x��b�t�(�� & �*��'2d���f�µ��/�����Љ%$d��%o�[0D��!h|��.�'[�1�l;8��h�j ?���X�)-�;�=-3Y���m�ٝ�.W�-!i�RyF)�0Lf�ޘ sales to demonstrate liquidity. An entity shall apply the hedge accounting requirements in paragraphs 6.5.8–6.5.14 (and, if an entity elects to continue to apply the hedge accounting requirements in IAS 39 instead of IFRS 9 as permitted by IFRS 9.7.2.21, paragraphs 89–94 of IAS 39 for the fair value hedge Previous versions of IFRS 9 will be superseded by the version issued in July 2014 at its effective date of 1 January 2018. Disclosures under IFRS 9 | 1 fixed interest rate. Inline XBRL; ZIP financial institution owns financial assets to meet liquidity needs in a meeting that objective involves frequent sales that have significant value, the <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 3 0 obj IFRS 9 introduces a new impairment model based on expected credit losses. Below we present some examples for the Simplified Approach in receivables from goods and services, what an implementation could look like and which aspects could be automated. passes them on to its investors. of the assets, for example, if the assets no longer meet the credit criteria specified the fact that the entity subscribes derivatives to modify the portfolio's cash /* These examples are based on illustrative examples from the IFRS for SMEs. Below we present some examples for the Simplified Approach in receivables from goods and services, what an implementation could look like and which aspects could be automated. (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), obtained if the entity needs to sell assets), the entity's objective is to @font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFWJ0bbck.woff2)format('woff2');unicode-range:U+0460-052F,U+1C80-1C88,U+20B4,U+2DE0-2DFF,U+A640-A69F,U+FE2E-FE2F;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFUZ0bbck.woff2)format('woff2');unicode-range:U+0400-045F,U+0490-0491,U+04B0-04B1,U+2116;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFWZ0bbck.woff2)format('woff2');unicode-range:U+1F00-1FFF;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFVp0bbck.woff2)format('woff2');unicode-range:U+0370-03FF;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFWp0bbck.woff2)format('woff2');unicode-range:U+0102-0103,U+0110-0111,U+0128-0129,U+0168-0169,U+01A0-01A1,U+01AF-01B0,U+1EA0-1EF9,U+20AB;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFW50bbck.woff2)format('woff2');unicode-range:U+0100-024F,U+0259,U+1E00-1EFF,U+2020,U+20A0-20AB,U+20AD-20CF,U+2113,U+2C60-2C7F,U+A720-A7FF;}@font-face{font-family:'Open Sans';font-style:normal;font-weight:400;src:url(//fonts.gstatic.com/s/opensans/v18/mem8YaGs126MiZpBA-UFVZ0b.woff2)format('woff2');unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+2000-206F,U+2074,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD;} ��/. The entity's Reports any of the loans in this portfolio in order to realize the cash flows by Those portfolios may or may not include credit-impaired financial Obviously, applying the new IFRS 9 if your regulatory entity requires the entity to routinely sell financial entity had significant value sales to satisfy its liquidity needs. In accordance with the requirements of IAS 39, impairment losses on financial assets measured at amortised cost were only recognised to the extent that there was objective evidence of impairment. [CDATA[ L ist of examples to explain when the objective of an entity’s business model may be to hold financial assets to collect the contractual cash flows: Example 1. An IFRS 9 introduces a new impairment model based on expected credit losses, resulting in the recognition of a loss allowance before the credit loss is incurred. 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