CERTYNEX IFRS ACADEMY

Mira SA holds a portfolio of loans measured at amortised cost, which form a class of financial assets; none of the exemptions provided by the Standard applies to this class (case data). What does IFRS 7 require about the fair value of this class?

Nothing: fair value is disclosed only for instruments measured at fair value.

Disclose it in a way that permits it to be compared with the carrying amount of the class.

Disclose it only for the impaired loans of the class.

Nothing: for amortised cost, fair value information remains optional.