IFRS 7 Financial Instrument Disclosures

Question 1

Statement of Financial Position

Answer 1

carrying valye, fair value information, through FVPL, reclassified, not derecognized, collateral, reocncoliation of allowance account, defaults and breach details.

Question 2

Statement of comprehnsive income

Answer 2

Gain/loss per category, effective interest method, fee income and expense, imapired financial asset ineterest, imapirment loss each financial asset

Question 3

Other

Answer 3

Accoutning polciy,
hedge accounting description, fair value, type, details of hedges in foreign oeprations
Fair value for financial assets and liability, methdo and relevant assumptions to caluclate fair value, dislcose if cant be determined.

Question 4

Quantitaive disclosure

Answer 4

Liquidty risk, credit risk, market risk

Question 4

Qualitative disclosure

Question 5

Liquidty risk

Answer 5

difficulty meeting obligations; maturoty analysis, time bands and incrment, how liquidty risk is managed

Question 6

Credit risk

Answer 6

fail discharge obligation; macimum exposure without collatral, financial assetrs past due or impaired, collateral and credit enhancements

Question 7

Market risk

Answer 7

fair value fluctuations due to market; sensitivity analysis and impact on profit or loss and equity, risk variable interdependencies.

Question 8

SCcope

Answer 8

all reocgnzied and unrecognized fin instruments but subsidaries, associates, joint ventures, insurance, share-based payments under, puttable instruments.

Question 8

Fair value hierarchy

Answer 8

Categories, reason for transfers, reconciliations, input change

Question 9

Transfer of financial assets