CERTYNEX IFRS ACADEMY

Cobriel enters into a gas purchase contract within the scope of IFRS 9 that does not meet the IAS 32 definitions of a financial asset or financial liability (case data). Which element is decisive in deciding whether this contract falls within the scope of the exception for measuring on a net basis?

The fact that it is within the scope of IFRS 9 (or IAS 39).

The fact that it meets the IAS 32 definitions of a financial asset or financial liability.

The fact that its fair value is positive at the measurement date.

The fact that it is traded on an organised market.