Fair value through other comprehensive income

For a debt asset, classification requires a business model of both collecting contractual cash flows and selling, and cash flows solely of principal and interest. Interest, expected credit losses and certain exchange gains or losses follow IFRS 9 rules in profit or loss, and the accumulated fair-value reserve is reclassified on derecognition. For an eligible non-trading equity investment, an irrevocable instrument-by-instrument election may be made; accumulated OCI is not recycled to profit or loss on disposal.