Carrying amounts by category

Learning objectives

• Explain that the carrying amount of each category of financial assets and financial liabilities is disclosed in the statement of financial position or in the notes.L1
• Identify the measurement category of an instrument in order to complete a table by category.L2

Normative references

• IFRS 7 §8The carrying amount of each IFRS 9 category is presented in the statement of financial position or disclosed in the notes: financial assets at fair value through profit or loss (showing separately those designated on initial recognition or subsequently, those measured so under the elections in IFRS 9, para. 3.3.5 (repurchased own debt, for example held in a fund) and IAS 32, para. 33A, and those mandatorily measured so), financial liabilities at fair value through profit or loss (designated or held for trading), financial assets and liabilities at amortised cost, and financial assets at fair value through other comprehensive income (debt instruments on the one hand and designated equity investments on the other).

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

3 questions

• The entity provides, in the statement of financial position or in the notes, the carrying amount of each category of financial assets and financial liabilities.L1
• What must the entity provide for each category of financial assets and financial liabilities?L1
• A colleague prepares the table of carrying amounts by category for a period subject to IFRS 9. Which of the colleague's sentences is wrong?L2