- This topic has 1 reply, 2 voices, and was last updated 8 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
Hi,
As the HKFRS 9 requires that the debt investment measured at amortised cost or FVTOCI should recognise the impairment loss. However, the debt investment measured at FVTPL is not required since it is measured at fair value with gains and losses recognised in profit or loss in the same way as an impairment.So, why do we still need to recognise the impairment loss for the debt investment which is measured at FVTOCI?
Many thanks
Hi,
Any impairment is recognised through profit or loss, so if FVTOCI then any previous losses would not have gone through profit or loss but other comprehensive income. If an impairment is identified then it must go through profit or loss and not other comprehensive income.
Thanks
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.