CERTYNEX IFRS ACADEMY

Marée SA exports products invoiced in dollars and finances its inventories with a floating-rate loan (case facts). Which wording of qualitative disclosures on currency risk is consistent with the rule?

A note that describes in general terms the importance of risk management for any exporting business, without mentioning Marée's dollar sales and without linking those sales to the currency risk of the period.

A note that presents the amount of the dollar exposure at the reporting date, without explaining either the origin of the currency risk or how it is managed.

A note that explains how currency risk arises from the dollar-invoiced sales and how management manages it, for example through its hedging policy.

A single note on the entity's risks, without distinguishing currency risk from the interest rate risk on the floating-rate loan, to avoid repetition.