CERTYNEX IFRS ACADEMY

Which of the following statements about the exchange component of the gain or loss on a non-monetary item are correct? More than one answer.

If the gain or loss on the item is in profit or loss, its exchange component is in profit or loss.

The exchange component follows the same treatment as the gain or loss of which it is part.

The exchange component is in profit or loss even when the gain or loss on the item is in other comprehensive income.

If the gain on the item, for example a revaluation, is in other comprehensive income, its exchange component is too.