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Thank you for your response but, it doesn’t seem like I will get the answer from the less active forum.
The word infrastructure here means house, pool, yard…
The investment in preference gives the investor the right to use these for free
So does this count as a financial asset, or just or policy benefit given to the investor?
Then how should i recognise these investment, financial liability or equity instrument, in each case of irredeemable and redeemable preferen shares ?
Many thanks !Hi, Many thanks for your reply, just one more question,
In the definition of financial instrument :’any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity’
Is the right to use infrastructure fall within the term of a financial asset in the above statement ?