Boundary with IFRS 9

Learning objectives

• Explain that financial assets within the scope of IFRS 9 continue to be measured under IFRS 9 within a classified disposal group.L3, L4

Normative references

• IFRS 5 §5Exclusions from the measurement scope, individually or as part of a disposal group: deferred tax assets (IAS 12), assets arising from employee benefits (IAS 19), financial assets within the scope of IFRS 9, non-current assets accounted for under the fair value model in IAS 40, non-current assets measured at fair value less costs to sell under IAS 41, and groups of contracts within the scope of IFRS 17. The IFRS 5 classification and presentation requirements continue to apply (para. 2).

Original summaries of the paragraphs (reference register), never a quotation of the standard.

1 question

• Marnel's disposal group includes a machine (€400,000) and a financial receivable measured under IFRS 9 (€200,000). Its fair value less costs to sell is €560,000. Case convention: the group's loss is allocated only to the assets within the measurement scope. Which treatment is consistent with IFRS 5?L4