CERTYNEX IFRS ACADEMY

Brise SA buys fabric from a supplier and will pay for it in cash, for an amount linked to Brise's share price at the settlement date (case facts). Which standard relates to this transaction, with regard to the scope of IAS 32?

IAS 32, because the payable to the supplier is a financial liability settled in cash, which is enough to bring it within the standard.

IAS 32, because the amount depends on the share price, which makes the commitment an equity instrument of Brise.

Neither IAS 32 nor IFRS 2, because the purchase of fabric is an ordinary commercial transaction and its counterpart a trade payable.

IFRS 2, because it is a share-based payment, excluded from the scope of IAS 32.