CERTYNEX IFRS ACADEMY

Maurévin has pledged a transport licence, recognised at a carrying amount of 450,000, as security for a bank loan. It continues to operate the licence. What information does IAS 38 require for this licence?

None, since Maurévin remains the holder of the licence and continues to operate it normally.

The carrying amount of the licence pledged as security for liabilities.

No information, but the licence must be derecognised and the loan presented net of its value.

Only the amount of the secured loan, since security arrangements are dealt with exclusively by the standards on financial instruments.