CERTYNEX IFRS ACADEMY

A trainee summarises the definition of a financial instrument for a loan granted by Sora SA to Terra SA. Which of the trainee's sentences is wrong?

The loan is a financial asset for Sora, which holds a receivable from Terra.

The loan is a financial liability for Terra, which has to repay Sora.

The loan contract is a single financial instrument, seen from both sides by Sora and by Terra.

The loan is a financial liability for Sora, which granted the credit.