Aube SA has transferred receivables without fully derecognising them. The transferred assets have a carrying amount of 3,500,000 and a fair value of 3,400,000; the associated liability has a carrying amount of 3,200,000 and a fair value of 3,150,000. The transferee's recourse is limited to the transferred assets (case facts). Calculate the net position to be disclosed where recourse is limited to the transferred assets.
- Fair value of the transferred assets
- 3,400,000
- Fair value of the associated liability
- 3,150,000
- Carrying amount of the transferred assets
- 3,500,000
- Carrying amount of the associated liability
- 3,200,000