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Question · Transferred assets not fully derecognised

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
Your answer

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