CERTYNEX IFRS ACADEMY

Which statements about combining contracts and separating components are correct? More than one answer is possible.

Contracts entered into with the same counterparty are each analysed in isolation, even if their overall commercial effect cannot be separated.

An embedded derivative that IFRS 9 requires to be separated is separated from the insurance contract and follows IFRS 9.

A distinct investment component is separated from the insurance contract and follows IFRS 9.

A set or series of contracts entered into with the same counterparty or related parties is treated as a whole when their overall commercial effect requires it.

A promise to transfer distinct goods or services stays in the insurance contract and is measured with the fulfilment cash flows of IFRS 17.