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Reporting the financial performance of a range of entities (C 1.4)

January 05, 2025 - financial liabilities reclassification, ifrs9 reclassification, reclassification of financial assets under ifrs 9

Financial Assets Reclassification:

Trigger: Only occurs when a company changes its business model for managing financial assets.
Scope: Applies to all affected financial assets, except those designated at FVTPL or equity investments measured at FVOCI.
Prospective Application: Reclassification is applied from the reclassification date, with no restatement of past gains, losses, or interest.
Financial Liabilities: Reclassification of financial liabilities is not permitted under IFRS 9.

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