478 / 488
466
for exploration and evaluation,
440
for inventory, 32
for pensions, 141
prepaid, 223
recognition of, 69-70, 335-336
segment, 98
Explanatory notes, in interim
financial reporting, 299-300
Exploration and evaluation
assets, 440
Exploration and evaluation
expenditures, 440
Exploration for and Evaluation
ofMineral Resources
(IFRS 6),
5,440-445
definitions, 440
disclosure, 443
extracts from published
financial statements, 443--445
impairment, 442-443
measurement, 442
recognition, 441
scope of standard, 440
Exposure Drafts, 6, 7
Extinguishment gain s/losses,
250
F
Fair presentation, 14
Fair va lue:
for agriculture, 354
as deemed cost, 368
defined, 27, 108, 130, 151,
331, 353, 364
of defined benefit plans, 189
of defined contribution plans,
187
disclosure of, 452-453
of intangible assets, 332
of investment property, 347-
350
measurement at, 257-261
measurement of, 250-251
for pension plan assets, 141
reliability for biological assets,
355
theoretical ex-rights, 289
through profit or loss, 449-250
Fair value adjustments, for
foreign operations, 163
Fair value hedge, 271-274, 278
Fair value less costs to sell, 304,
306
FASB, see Financial
Accounting Standards Board
FIFO (first-in, first-out)
method, 29-30
Fiji, IFRS adoption by, 1
Fin ance leases:
classification as, 118
Index
defined, 117
disclosures for, 120, 122
leasebacks, 123
in lessee' s financial statements,
119-120
in lessor' s financial statements,
122
Financial Accounting
Standards Board (FASB), 2,
11
Financial assets:
categories of, 238-241
defined,222
derecognition of, 243-249
fair value of, 257-261
impairment of, 261-264
initial measurement of, 250-
252
offsetting financial liabilities
and, 231-232
pass-through arrangements,
246-247
reclassification of, 241-242
recognition of, 242-243
for service concessions, 72
subsequent measurement of,
252-257
transfers of, 244-246, 348-349
Financial assets at fair value
through profit or loss
(FVTPL), 239, 257-259
Financial institutions, cash
Ilows reporting basis for, 41
Financial instruments:
defined, 221, 236
disclosures, 448-459
presentation, 221-233
recognition and measurement,
236-282
Financial Instruments:
Disclosures
(lFRS 7), 5, 448–
459
extracts from published
financial statements, 455-459
risks arising from financial
instruments, 453-466
scope of standard, 448--449
significance of financial
instruments for financial
position and performance,
449-45 3
Financial In struments:
Presentation
(lAS 32), 4, 221–
233
definitions, 221-224
extracts from published
financial statements, 232-233
and
IFRS
7, 448
presentation of interest,
dividends, losses, and gains,
231-232
presentation of liabilities and
equity, 224-230
scope of standard, 221
Financial Instruments:
Recognition and Measurement
(lAS 39), 4, 236-282
amendments to, 278
categories of financial assets
and liabilities, 238-242
derecognition, 243-250
derivatives, 266-270
excerpts from financial
statements, 279-282
hedge accounting, 270-278
and
IFRS
7, 448
measurement, 250-265
proposed amendment to, 7
recognition, 242-243
scope of standard, 236-238
Financial liabilities:
categories of, 24 1
defined, 222
derecognition of, 249-250
fair value of, 257-261
initial measurement of, 250–
252
offsetting financial assets and,
231-232
reclassificatio n of, 241-242
recognition of, 242-243
subsequent measurement of,
252-257
Financial liabilities at fair value
through profit or loss
(FVTPL), 241, 257
Financial liabilities measured at
amortized cost, 241
Financial position, statement of,
24
Financial Reporting in
Hyperinflationary Economies
(lAS 29),4, 210-213
ceasing to be hyperinflationary,
210
current cost financial
statements, 212
definitions, 210
disclosure, 213
functional currency and
hyperinflation, 210-211
IFRIC 7,
Applying the
Restatement Approach under
lAS
29,
Financial Reporting
in Hyperinflationary
Economies, 4
restatement of balance sheet,
211
restatement of income
statement, 211-2 12
scope of standard, 210
taxation, 212-2 13