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I understand derivative for non current asset would be if it can be settled net in cash. What does this mean exactly?
I understand that it we do not take physical delivery is a derivative but if we take delivery for own use then is an executory contract outside the scope of IFRS.
Is there any other twist that could confuse us in knowing if there is a derivative. Thanks
Settled for cash – it’s as if you were having a bet on the price of currency or sausages or whatever – at the end the loser gives the winner a big pile of cash – and of course it’s a financial instrument
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