CERTYNEX IFRS ACADEMY

Quoline measures unlisted shares at fair value. This year, observable transactions in comparable shares appear and the company replaces its discounted cash flow model with a market approach. How is the effect treated?

Change in policy: comparatives and opening equity of the earliest period presented are restated.

Error correction: the previous model was inappropriate.

No effect to recognise before next year.

Change in estimate: effect recognised in the period, with no restatement.