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fair value of debt instrument fall from amortized cost of 6 to 5.3
There is a 12 month loss allowance of 0.4 million
solution
6- 5. 3 = 0.7 and financial assest will be at 5.3 in financial stamens at FV?0.7 will be in OCI
ECL will be account for separately as 0.4 ???Standard says that ECL will be recognize in OCI.
“5.5.2
An entity shall apply the impairment requirements for the recognition and measurement of a loss allowance for financial assets that are measured at fair value through other comprehensive income in accordance with paragraph 4.1.2A. However, the loss allowance shall be recognised in other comprehensive income and shall not reduce the carrying amount of the financial asset in the statement of financial position.”
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