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Chapter 34 Financial Instruments: Disclosures (IFRS 7)
TABLE 34.2 Overview of Statement of Financial Position Disclosures
IAS 39 categories
Instruments
Statement of Financial Position disclosures applicable to all instruments
Specific disclosures required for the Statement of Financial Position
Financial Assets Fair value through profit or loss
Derivatives
Carrying value
Derecognition
Instruments held for trading
Carrying value
Reclassification Derecognition
Instruments designated at fair Carrying value value
Fair value movements attributable to credit risk Derecognition
Fair value through other comprehensive income
Available for sale debt instruments
Carrying value
Available for sale equity instruments
Carrying value
Held to maturity
Carrying value
Reclassification Derecognition Collateral held
Amortized cost instruments
Derecognition Reclassification Derecognition Collateral held Allowance account for credit losses
Loans and receivables
Carrying value
Derecognition Collateral held Allowance account for credit losses
Financial Liabilities Fair value through profit or loss
Derivatives
Carrying value
Collateral pledged
Instruments held for trading
Carrying value
Collateral pledged
Instruments designated at fair Carrying value value
Fair value movements attributable to credit risk Collateral pledged Details of multiple embedded derivatives Defaults and breaches
Amortized cost
Liabilities at amortised cost
Carrying value
Collateral pledged Defaults and breaches
34.4.5 Overview of disclosure of nature and extent of risks arising from financial instruments. Once the entity has complied with Statement of Financial Position and Statement of Comprehensive Income disclosures, the user needs qualitative and quantitative information regarding the different types of risks arising from all financial instruments, as well as specific quantitative information with regard to credit, liquidity, and market risks. Table 34.5 summarizes the required disclosures of risk.